Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Oct. 31, 2016

Oct. 31, 2015

Condensed Financial Statements, Captions [Line Items]

Schedule Of Condensed Consolidating Statement Of Operations [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS													(in 000s)
Three months ended October 31, 2016	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	10,934		$	120,423		$	(25	)	$	131,332
Cost of revenues	—			5,666			220,061			(25		)	225,702
Selling, general and administrative	—			1,732			111,920			—			113,652
Total operating expenses	—			7,398			331,981			(25		)	339,354
Other income, net	—			2,256			1,639			(1,715		)	2,180
Interest expense on external borrowings	—			(22,248		)	(372		)	—			(22,620		)
Other expenses, net	(148,773		)	(1,049		)	(14,833		)	164,648			(7		)
Loss from continuing operations before tax benefit	(148,773		)	(17,505		)	(225,124		)	162,933			(228,469		)
Income tax benefit	(2,553		)	(5,962		)	(76,539		)	—			(85,054		)
Net loss from continuing operations	(146,220		)	(11,543		)	(148,585		)	162,933			(143,415		)
Net loss from discontinued operations	—			(2,805		)	—			—			(2,805		)
Net loss	(146,220		)	(14,348		)	(148,585		)	162,933			(146,220		)
Other comprehensive loss	(2,318		)	—			(2,318		)	2,318			(2,318		)
Comprehensive loss	$	(148,538	)	$	(14,348	)	$	(150,903	)	$	165,251		$	(148,538	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS													(in 000s)
Three months ended October 31, 2015	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	13,972		$	114,471		$	(28	)	$	128,415
Cost of revenues	—			9,810			216,618			(27		)	226,401
Selling, general and administrative	3,415			13,374			119,059			(1		)	135,847
Total operating expenses	3,415			23,184			335,677			(28		)	362,248
Other income, net	821			11,040			902			(2,258		)	10,505
Interest expense on external borrowings	—			(14,085		)	(96		)	—			(14,181		)
Other expenses, net	(145,429		)	(276		)	(13,166		)	158,661			(210		)
Loss from continuing operations before tax benefit	(148,023		)	(12,533		)	(233,566		)	156,403			(237,719		)
Income tax benefit	(3,016		)	(4,047		)	(88,138		)	—			(95,201		)
Net loss from continuing operations	(145,007		)	(8,486		)	(145,428		)	156,403			(142,518		)
Net loss from discontinued operations	—			(2,489		)	—			—			(2,489		)
Net loss	(145,007		)	(10,975		)	(145,428		)	156,403			(145,007		)
Other comprehensive loss	(7,974		)	(7,257		)	(7,974		)	15,231			(7,974		)
Comprehensive loss	$	(152,981	)	$	(18,232	)	$	(153,402	)	$	171,634		$	(152,981	)

Six months ended October 31, 2016	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	26,438		$	230,223		$	(144	)	$	256,517
Cost of revenues	—			14,272			422,660			(144		)	436,788
Selling, general and administrative	—			4,212			208,263			—			212,475
Total operating expenses	—			18,484			630,923			(144		)	649,263
Other income, net	—			5,935			6,323			(7,110		)	5,148
Interest expense on external borrowings	—			(43,562		)	(524		)	—			(44,086		)
Other expenses, net	(273,435		)	(3,902		)	(29,147		)	306,150			(334		)
Loss from continuing operations before tax benefit	(273,435		)	(33,575		)	(424,048		)	299,040			(432,018		)
Income tax benefit	(3,542		)	(11,756		)	(152,279		)	—			(167,577		)
Net loss from continuing operations	(269,893		)	(21,819		)	(271,769		)	299,040			(264,441		)
Net loss from discontinued operations	—			(5,451		)	(1		)	—			(5,452		)
Net loss	(269,893		)	(27,270		)	(271,770		)	299,040			(269,893		)
Other comprehensive loss	(5,889		)	—			(5,889		)	5,889			(5,889		)
Comprehensive loss	$	(275,782	)	$	(27,270	)	$	(277,659	)	$	304,929		$	(275,782	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS													(in 000s)
Six months ended October 31, 2015	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	38,739		$	227,515		$	(121	)	$	266,133
Cost of revenues	—			21,565			418,464			(120		)	439,909
Selling, general and administrative	3,415			17,750			212,875			(1		)	234,039
Total operating expenses	3,415			39,315			631,339			(121		)	673,948
Other income, net	1,730			11,535			1,456			(3,783		)	10,938
Interest expense on external borrowings	—			(22,521		)	(235		)	—			(22,756		)
Other expenses, net	(248,022		)	(744		)	(25,421		)	268,992			(5,195		)
Loss from continuing operations before tax benefit	(249,707		)	(12,306		)	(428,024		)	265,209			(424,828		)
Income tax benefit	(5,041		)	(761		)	(180,003		)	—			(185,805		)
Net loss from continuing operations	(244,666		)	(11,545		)	(248,021		)	265,209			(239,023		)
Net loss from discontinued operations	—			(5,643		)	—			—			(5,643		)
Net loss	(244,666		)	(17,188		)	(248,021		)	265,209			(244,666		)
Other comprehensive loss	(17,948		)	(8,444		)	(17,948		)	26,392			(17,948		)
Comprehensive loss	$	(262,614	)	$	(25,632	)	$	(265,969	)	$	291,601		$	(262,614	)

Schedule Of Condensed Consolidating Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEETS											(in 000s)
As of October 31, 2015	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)		Other Subsidiaries		Eliminations			Consolidated H&R Block
Cash & cash equivalents	$	—		$	6,864	$	353,817	$	—		$	360,681
Cash & cash equivalents - restricted	—			—		42,781		—			42,781
Receivables, net	187			74,835		19,738		—			94,760
Deferred tax assets and income taxes receivable	—			82,862		63,050		—			145,912
Prepaid expenses and other current assets	—			8,236		72,528		—			80,764
Total current assets	187			172,797		551,914		—			724,898
Mortgage loans held for investment, net	—			220,671		—		—			220,671
Property and equipment, net	—			186		298,416		—			298,602
Intangible assets, net	—			—		466,224		—			466,224
Goodwill	—			—		442,068		—			442,068
Deferred tax assets and income taxes receivable	—			41,328		—		(30,064		)	11,264
Investments in subsidiaries	1,105,707			—		90,350		(1,196,057		)	—
Amounts due from affiliates	—			1,334,559		1,128,832		(2,463,391		)	—
Other noncurrent assets	—			78,846		35,900		—			114,746
Total assets	$	1,105,894		$	1,848,387	$	3,013,704	$	(3,689,512	)	$	2,278,473
Accounts payable and accrued expenses	$	4,305		$	12,048	$	124,717	$	—		$	141,070
Accrued salaries, wages and payroll taxes	—			1,657		35,855		—			37,512
Accrued income taxes and reserves for uncertain tax positions	—			51,385		16,347		—			67,732
Current portion of long-term debt	—			—		808		—			808
Deferred revenue and other current liabilities	—			181,519		137,907		—			319,426
Total current liabilities	4,305			246,609		315,634		—			566,548
Long-term debt and line of credit borrowings	—			1,483,487		7,027		—			1,490,514
Deferred tax liabilities and reserves for uncertain tax positions	—			26,737		143,866		(30,064		)	140,539
Deferred revenue and other noncurrent liabilities	—			1,204		106,911		—			108,115
Amounts due to affiliates	1,128,832			—		1,334,559		(2,463,391		)	—
Total liabilities	1,133,137			1,758,037		1,907,997		(2,493,455		)	2,305,716
Stockholders' equity (deficiency)	(27,243		)	90,350		1,105,707		(1,196,057		)	(27,243		)
Total liabilities and stockholders' equity	$	1,105,894		$	1,848,387	$	3,013,704	$	(3,689,512	)	$	2,278,473

CONDENSED CONSOLIDATING BALANCE SHEETS										(in 000s)
As of April 30, 2016	H&R Block, Inc. (Guarantor)		Block Financial (Issuer)		Other Subsidiaries		Eliminations			Consolidated H&R Block
Cash & cash equivalents	$	—	$	9,025	$	887,776	$	—		$	896,801
Cash & cash equivalents - restricted	—		29,004		75,106		—			104,110
Receivables, net	—		71,882		81,234		—			153,116
Prepaid expenses and other current assets	—		6,925		59,649		—			66,574
Total current assets	—		116,836		1,103,765		—			1,220,601
Mortgage loans held for investment, net	—		202,385		—		—			202,385
Property and equipment, net	—		136		293,429		—			293,565
Intangible assets, net	—		—		433,885		—			433,885
Goodwill	—		—		470,757		—			470,757
Deferred tax assets and income taxes receivable	5,917		77,270		36,936		—			120,123
Investments in subsidiaries	1,738,643		—		108,995		(1,847,638		)	—
Amounts due from affiliates	—		1,307,612		1,714,009		(3,021,621		)	—
Other noncurrent assets	—		62,806		43,103		—			105,909
Total assets	$	1,744,560	$	1,767,045	$	4,204,879	$	(4,869,259	)	$	2,847,225
Accounts payable and accrued expenses	$	1,531	$	18,596	$	239,459	$	—		$	259,586
Accrued salaries, wages and payroll taxes	—		1,766		160,020		—			161,786
Accrued income taxes and reserves for uncertain tax positions	—		52,976		320,778		—			373,754
Current portion of long-term debt	—		—		826		—			826
Deferred revenue and other current liabilities	—		87,982		155,671		—			243,653
Total current liabilities	1,531		161,320		876,754		—			1,039,605
Long-term debt and line of credit borrowings	—		1,484,766		6,609		—			1,491,375
Deferred tax liabilities and reserves for uncertain tax positions	5,917		10,786		116,257		—			132,960
Deferred revenue and other noncurrent liabilities	—		1,178		159,004		—			160,182
Amounts due to affiliates	1,714,009		—		1,307,612		(3,021,621		)	—
Total liabilities	1,721,457		1,658,050		2,466,236		(3,021,621		)	2,824,122
Stockholders' equity	23,103		108,995		1,738,643		(1,847,638		)	23,103
Total liabilities and stockholders' equity	$	1,744,560	$	1,767,045	$	4,204,879	$	(4,869,259	)	$	2,847,225

Schedule of Condensed Consolidating Statement of Cash Flows [Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS													(in 000s)
Six months ended October 31, 2016	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Net cash used in operating activities:	$	—		$	(77,916	)	$	(647,881	)	$	—		$	(725,797	)
Cash flows from investing:
Sales, maturities of and payments received on AFS securities	—			144			—			—			144
Principal payments on mortgage loans, net	—			16,706			—			—			16,706
Capital expenditures	—			(5		)	(44,913		)	—			(44,918		)
Payments made for business acquisitions, net of cash acquired	—			—			(36,151		)	—			(36,151		)
Loans made to franchisees	—			(10,064		)	(107		)	—			(10,171		)
Repayments from franchisees	—			14,052			211			—			14,263
Intercompany borrowings (payments)	—			(426,824		)	(309,852		)	736,676			—
Other, net	—			1,847			2,489			—			4,336
Net cash used in investing activities	—			(404,144		)	(388,323		)	736,676			(55,791		)
Cash flows from financing:
Repayments of line of credit borrowings	—			(50,000		)	—			—			(50,000		)
Proceeds from line of credit borrowings	—			525,000			—			—			525,000
Dividends paid	(95,971		)	—			—			—			(95,971		)
Repurchase of common stock, including shares surrendered	(215,511		)	—			—			—			(215,511		)
Proceeds from exercise of stock options	1,630			—			—			—			1,630
Intercompany borrowings (payments)	309,852			—			426,824			(736,676		)	—
Other, net	—			—			(43,734		)	—			(43,734		)
Net cash provided by financing activities	—			475,000			383,090			(736,676		)	121,414
Effects of exchange rates on cash	—			—			(4,117		)	—			(4,117		)
Net decrease in cash and cash equivalents	—			(7,060		)	(657,231		)	—			(664,291		)
Cash and cash equivalents at beginning of the period	—			9,025			887,776			—			896,801
Cash and cash equivalents at end of the period	$	—		$	1,965		$	230,545		$	—		$	232,510

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS													(in 000s)
Six months ended October 31, 2015	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Net cash provided by (used in) operating activities:	$	—		$	36,078		$	(638,791	)	$	—		$	(602,713	)
Cash flows from investing:
Sales, maturities of and payments received on AFS securities	—			430,460			3,801			—			434,261
Principal payments on mortgage loans, net	—			17,006			—			—			17,006
Capital expenditures	—			(20		)	(38,759		)	—			(38,779		)
Payments made for business acquisitions, net of cash acquired	—			—			(61,846		)	—			(61,846		)
Loans made to franchisees	—			(10,206		)	(75		)	—			(10,281		)
Repayments from franchisees	—			17,301			172			—			17,473
Intercompany borrowings (payments)	—			(1,200,465		)	(1,611,564		)	2,812,029			—
Other, net	—			4,854			2,392			—			7,246
Net cash provided by (used in) investing activities	—			(741,070		)	(1,705,879		)	2,812,029			365,080
Cash flows from financing:
Proceeds from long-term debt	—			996,831			—			—			996,831
Customer banking deposits, net	—			(327,145		)	—			440			(326,705		)
Transfer of HRB Bank deposits	—			(419,028		)	—			—			(419,028		)
Dividends paid	(110,338		)	—			—			—			(110,338		)
Repurchase of common stock, including shares surrendered	(1,517,786		)	—			—			—			(1,517,786		)
Proceeds from exercise of stock options	16,875			—			—			—			16,875
Intercompany borrowings (payments)	1,611,564			—			1,200,465			(2,812,029		)	—
Other, net	(315		)	(16,879		)	(20,626		)	—			(37,820		)
Net cash provided by (used in) financing activities	—			233,779			1,179,839			(2,811,589		)	(1,397,971		)
Effects of exchange rates on cash	—			—			(10,905		)	—			(10,905		)
Net decrease in cash and cash equivalents	—			(471,213		)	(1,175,736		)	440			(1,646,509		)
Cash and cash equivalents at beginning of the period	—			478,077			1,529,553			(440		)	2,007,190
Cash and cash equivalents at end of the period	$	—		$	6,864		$	353,817		$	—		$	360,681