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Condensed Consolidating Financial Statements
 6 Months Ended
Oct. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Financial Statements
Block Financial is an indirect, 100% owned subsidiary of the Company. Block Financial is the Issuer and the Company is the full and unconditional Guarantor of the Senior Notes issued on October 25, 2012 and October 26, 2004, our 2012 CLOC, and other indebtedness issued from time to time. These condensed consolidating financial statements have been prepared using the equity method of accounting. Earnings of subsidiaries are, therefore, reflected in the Company’s investment in subsidiaries account. The elimination entries eliminate investments in subsidiaries, related stockholders’ equity and other intercompany balances and transactions.
Six months ended October 31, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Total revenues
 
$
—

 
$
48,385

 
$
213,340

 
$
(190
)
 
$
261,535

Cost of revenues
 
—

 
66,291

 
364,816

 
(190
)
 
430,917

Selling, general and administrative
 
—

 
15,407

 
175,382

 
—

 
190,789

Total expenses
 
—

 
81,698

 
540,198

 
(190
)
 
621,706

Operating loss
 
—

 
(33,313
)
 
(326,858
)
 
—

 
(360,171
)
Other income (expense), net
 
(363,856
)
 
1,706

 
(5,391
)
 
363,856

 
(3,685
)
Loss from continuing operations before tax benefit
 
(363,856
)
 
(31,607
)
 
(332,249
)
 
363,856

 
(363,856
)
Income tax benefit
 
(147,571
)
 
(11,601
)
 
(135,970
)
 
147,571

 
(147,571
)
Net loss from continuing operations
 
(216,285
)
 
(20,006
)
 
(196,279
)
 
216,285

 
(216,285
)
Net loss from discontinued operations
 
(3,845
)
 
(2,716
)
 
(1,129
)
 
3,845

 
(3,845
)
Net loss
 
(220,130
)
 
(22,722
)
 
(197,408
)
 
220,130

 
(220,130
)
Other comprehensive loss
 
(9,087
)
 
(6,616
)
 
(2,471
)
 
9,087

 
(9,087
)
Comprehensive loss
 
$
(229,217
)
 
$
(29,338
)
 
$
(199,879
)
 
$
229,217

 
$
(229,217
)
 
 
 
 
 
 
 
 
 
 
 
Six months ended October 31, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Total revenues
 
$
—

 
$
39,915

 
$
193,915

 
$
(78
)
 
$
233,752

Cost of revenues
 
—

 
68,813

 
336,700

 
(78
)
 
405,435

Selling, general and administrative
 
—

 
14,961

 
150,844

 
—

 
165,805

Total expenses
 
—

 
83,774

 
487,544

 
(78
)
 
571,240

Operating loss
 
—

 
(43,859
)
 
(293,629
)
 
—

 
(337,488
)
Other income (expense), net
 
(331,557
)
 
2,510

 
3,421

 
331,557

 
5,931

Loss from continuing operations before tax benefit
 
(331,557
)
 
(41,349
)
 
(290,208
)
 
331,557

 
(331,557
)
Income tax benefit
 
(124,708
)
 
(14,958
)
 
(109,750
)
 
124,708

 
(124,708
)
Net loss from continuing operations
 
(206,849
)
 
(26,391
)
 
(180,458
)
 
206,849

 
(206,849
)
Net income (loss) from discontinued operations
 
(5,835
)
 
(6,020
)
 
185

 
5,835

 
(5,835
)
Net loss
 
(212,684
)
 
(32,411
)
 
(180,273
)
 
212,684

 
(212,684
)
Other comprehensive income (loss)
 
(3,460
)
 
254

 
(3,714
)
 
3,460

 
(3,460
)
Comprehensive loss
 
$
(216,144
)
 
$
(32,157
)
 
$
(183,987
)
 
$
216,144

 
$
(216,144
)
 
 
 
 
 
 
 
 
 
 
 
CONDENSED CONSOLIDATING BALANCE SHEETS
 
(in 000s)

As of October 31, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Cash & cash equivalents
 
$
—

 
$
389,915

 
$
401,303

 
$
(446
)
 
$
790,772

Cash & cash equivalents — restricted
 
—

 
6,795

 
40,726

 
—

 
47,521

Receivables, net
 
—

 
99,867

 
31,834

 
—

 
131,701

Mortgage loans held for investment, net
 
—

 
295,907

 
—

 
—

 
295,907

Intangible assets and goodwill, net
 
—

 
—

 
739,025

 
—

 
739,025

Investments in subsidiaries
 
3,114,988

 
—

 
1,336

 
(3,114,988
)
 
1,336

Amounts due from affiliates
 
—

 
397,526

 
2,167,944

 
(2,565,470
)
 
—

Other assets
 
8,512

 
616,434

 
643,305

 
—

 
1,268,251

Total assets
 
$
3,123,500

 
$
1,806,444

 
$
4,025,473

 
$
(5,680,904
)
 
$
3,274,513

 
 
 
 
 
 
 
 
 
 
 
Customer deposits
 
$
—

 
$
655,575

 
$
—

 
$
(446
)
 
$
655,129

Long-term debt
 
—

 
897,236

 
9,345

 
—

 
906,581

Other liabilities
 
581

 
226,671

 
530,576

 
—

 
757,828

Amounts due to affiliates
 
2,167,944

 
—

 
397,526

 
(2,565,470
)
 
—

Stockholders’ equity
 
954,975

 
26,962

 
3,088,026

 
(3,114,988
)
 
954,975

Total liabilities and stockholders’ equity
 
$
3,123,500

 
$
1,806,444

 
$
4,025,473

 
$
(5,680,904
)
 
$
3,274,513

 
 
 
 
 
 
 
 
 
 
 
As of October 31, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Cash & cash equivalents
 
$
—

 
$
491,772

 
$
769,995

 
$
(866
)
 
$
1,260,901

Cash & cash equivalents — restricted
 
—

 
696

 
37,971

 
—

 
38,667

Receivables, net
 
—

 
98,007

 
26,504

 
—

 
124,511

Mortgage loans held for investment, net
 
—

 
370,850

 
—

 
—

 
370,850

Intangible assets and goodwill, net
 
—

 
—

 
709,685

 
—

 
709,685

Investments in subsidiaries
 
2,906,582

 
641

 
19

 
(2,906,582
)
 
660

Amounts due from affiliates (1)
 
50

 
689,702

 
2,222,748

 
(2,912,500
)
 
—

Other assets
 
9,357

 
611,904

 
770,195

 
—

 
1,391,456

Total assets
 
$
2,915,989

 
$
2,263,572

 
$
4,537,117

 
$
(5,819,948
)
 
$
3,896,730

 
 
 
 
 
 
 
 
 
 
 
Customer deposits
 
$
—

 
$
790,972

 
$
—

 
$
(866
)
 
$
790,106

Long-term debt
 
—

 
1,496,695

 
10,108

 
—

 
1,506,803

Other liabilities
 
308

 
284,042

 
622,538

 
—

 
906,888

Amounts due to affiliates (1)
 
2,222,748

 
—

 
689,752

 
(2,912,500
)
 
—

Stockholders’ equity
 
692,933

 
(308,137
)
 
3,214,719

 
(2,906,582
)
 
692,933

Total liabilities and stockholders’ equity
 
$
2,915,989

 
$
2,263,572

 
$
4,537,117

 
$
(5,819,948
)
 
$
3,896,730

 
 
 
 
 
 
 
 
 
 
 

(1)
Amounts have been restated to conform to the current period presentation, including the presentation of income tax receivables settled with affiliates and the presentation of intercompany receivables and payables gross, rather than net.
As of April 30, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Cash & cash equivalents
 
$
—

 
$
558,110

 
$
1,192,197

 
$
(2,723
)
 
$
1,747,584

Cash & cash equivalents — restricted
 
—

 
75,096

 
42,741

 
—

 
117,837

Receivables, net
 
769

 
99,844

 
106,222

 
—

 
206,835

Mortgage loans held for investment, net
 
—

 
338,789

 
—

 
—

 
338,789

Intangible assets and goodwill, net
 
—

 
—

 
719,221

 
—

 
719,221

Investments in subsidiaries
 
3,444,442

 
473

 
—

 
(3,444,442
)
 
473

Amounts due from affiliates
 
—

 
410,590

 
2,189,625

 
(2,600,215
)
 
—

Other assets
 
8,390

 
645,166

 
753,484

 
—

 
1,407,040

Total assets
 
$
3,453,601

 
$
2,128,068

 
$
5,003,490

 
$
(6,047,380
)
 
$
4,537,779

 
 
 
 
 
 
 
 
 
 
 
Customer deposits
 
$
—

 
$
939,187

 
$
—

 
$
(2,723
)
 
$
936,464

Long-term debt
 
—

 
896,978

 
9,702

 
—

 
906,680

Other liabilities
 
429

 
245,862

 
1,184,797

 
—

 
1,431,088

Amounts due to affiliates
 
2,189,625

 
—

 
410,590

 
(2,600,215
)
 
—

Stockholders’ equity
 
1,263,547

 
46,041

 
3,398,401

 
(3,444,442
)
 
1,263,547

Total liabilities and stockholders’ equity
 
$
3,453,601

 
$
2,128,068

 
$
5,003,490

 
$
(6,047,380
)
 
$
4,537,779

 
 
 
 
 
 
 
 
 
 
 
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
 
(in 000s)

Six months ended October 31, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Net cash provided by (used in) operating activities:
 
$
799

 
$
46,969

 
$
(540,141
)
 
$
—

 
$
(492,373
)
Cash flows from investing:
 
 
 
 
 
 
 
 
 
 
Purchases of AFS securities
 
—

 
(45,158
)
 
—

 
—

 
(45,158
)
Maturities and payments received on AFS securities
 
—

 
55,615

 
—

 
—

 
55,615

Mortgage loans held for investment, net
 
—

 
24,340

 
—

 
—

 
24,340

Purchases of property & equipment
 
—

 
(57
)
 
(86,869
)
 
—

 
(86,926
)
Payments for business acquisitions, net
 
—

 
—

 
(20,927
)
 
—

 
(20,927
)
Loans made to franchisees
 
—

 
(22,114
)
 
—

 
—

 
(22,114
)
Repayments from franchisees
 
—

 
15,883

 
—

 
—

 
15,883

Intercompany advances (payments)
 
89,318

 
—

 
—

 
(89,318
)
 
—

Other, net
 
—

 
11,368

 
3,887

 
—

 
15,255

Net cash provided by (used in) investing activities
 
89,318

 
39,877

 
(103,909
)
 
(89,318
)
 
(64,032
)
Cash flows from financing:
 
 
 
 
 
 
 
 
 
 
Customer banking deposits, net
 
—

 
(278,077
)
 
—

 
2,277

 
(275,800
)
Dividends paid
 
(109,324
)
 
—

 
—

 
—

 
(109,324
)
Repurchase of common stock
 
(5,329
)
 
—

 
—

 
—

 
(5,329
)
Proceeds from stock options
 
24,536

 
—

 
—

 
—

 
24,536

Intercompany advances (payments)
 
—

 
23,036

 
(112,354
)
 
89,318

 
—

Other, net
 
—

 
—

 
(26,619
)
 
—

 
(26,619
)
Net cash used in financing activities
 
(90,117
)
 
(255,041
)
 
(138,973
)
 
91,595

 
(392,536
)
Effects of exchange rates on cash
 
—

 
—

 
(7,871
)
 
—

 
(7,871
)
Net decrease in cash
 
—

 
(168,195
)
 
(790,894
)
 
2,277

 
(956,812
)
Cash – beginning of the period
 
—

 
558,110

 
1,192,197

 
(2,723
)
 
1,747,584

Cash – end of the period
 
$
—

 
$
389,915

 
$
401,303

 
$
(446
)
 
$
790,772

 
 
 
 
 
 
 
 
 
 
 
Six months ended October 31, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Net cash provided by (used in) operating activities:
 
$
(367
)
 
$
2,026

 
$
(568,695
)
 
$
—

 
$
(567,036
)
Cash flows from investing:
 
 
 
 
 
 
 
 
 
 
Purchases of AFS securities
 
—

 
(67,474
)
 
—

 
—

 
(67,474
)
Maturities and payments received on AFS securities
 
—

 
53,064

 
34

 
—

 
53,098

Mortgage loans held for investment, net
 
—

 
23,608

 
—

 
—

 
23,608

Purchases of property & equipment
 
—

 
(912
)
 
(59,808
)
 
—

 
(60,720
)
Payments for business acquisitions, net
 
—

 
—

 
(10,442
)
 
—

 
(10,442
)
Loans made to franchisees
 
—

 
(20,670
)
 
—

 
—

 
(20,670
)
Repayments from franchisees
 
—

 
8,303

 
—

 
—

 
8,303

Net intercompany advances
 
447,426

 
—

 
—

 
(447,426
)
 
—

Other, net
 
—

 
5,023

 
5,195

 
—

 
10,218

Net cash provided by (used in) investing activities
 
447,426

 
942

 
(65,021
)
 
(447,426
)
 
(64,079
)
Cash flows from financing:
 
 
 
 
 
 
 
 
 
 
Repayments of other borrowings
 
—

 
—

 
(30,831
)
 
—

 
(30,831
)
Proceeds from long-term debt
 
—

 
497,185

 
—

 
—

 
497,185

Customer banking deposits, net
 
—

 
(37,890
)
 
—

 
(23
)
 
(37,913
)
Dividends paid
 
(108,428
)
 
—

 
—

 
—

 
(108,428
)
Repurchase of common stock
 
(339,919
)
 
—

 
—

 
—

 
(339,919
)
Proceeds from stock options
 
1,288

 
—

 
—

 
—

 
1,288

Net intercompany advances
 
—

 
(475,147
)
 
27,721

 
447,426

 
—

Other, net
 
—

 
(10,491
)
 
(22,513
)
 
—

 
(33,004
)
Net cash used in financing activities
 
(447,059
)
 
(26,343
)
 
(25,623
)
 
447,403

 
(51,622
)
Effects of exchange rates on cash
 
—

 
—

 
(696
)
 
—

 
(696
)
Net decrease in cash
 
—

 
(23,375
)
 
(660,035
)
 
(23
)
 
(683,433
)
Cash – beginning of the period
 
—

 
515,147

 
1,430,030

 
(843
)
 
1,944,334

Cash – end of the period
 
$
—

 
$
491,772

 
$
769,995

 
$
(866
)
 
$
1,260,901