Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Apr. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Consolidating Statements Of Operations

CONDENSED CONSOLIDATING INCOME STATEMENTS													(in 000s)
Year ended April 30, 2018	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	192,353		$	3,028,576		$	(60,998	)	$	3,159,931
Cost of revenues	—			81,746			1,696,719			(38,736		)	1,739,729
Selling, general and administrative	—			25,691			664,723			(22,262		)	668,152
Total operating expenses	—			107,437			2,361,442			(60,998		)	2,407,881
Other income (expense), net	599,202			30,305			36,667			(660,120		)	6,054
Interest expense on external borrowings	—			(89,068		)	(304		)	—			(89,372		)
Income from continuing operations before income taxes (benefit)	599,202			26,153			703,497			(660,120		)	668,732
Income taxes (benefit)	(13,947		)	(5,203		)	60,973			—			41,823
Net income from continuing operations	613,149			31,356			642,524			(660,120		)	626,909
Net loss from discontinued operations	—			(13,755		)	(5		)	—			(13,760		)
Net income	613,149			17,601			642,519			(660,120		)	613,149
Other comprehensive income	996			—			996			(996		)	996
Comprehensive income	$	614,145		$	17,601		$	643,515		$	(661,116	)	$	614,145

Year ended April 30, 2017	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	186,659		$	2,877,265		$	(27,610	)	$	3,036,314
Cost of revenues	—			71,661			1,580,425			(7,709		)	1,644,377
Selling, general and administrative	—			24,201			671,653			(19,901		)	675,953
Total operating expenses	—			95,862			2,252,078			(27,610		)	2,320,330
Other income (expense), net	399,996			25,361			9,330			(428,433		)	6,254
Interest expense on external borrowings	—			(92,263		)	(688		)	—			(92,951		)
Income from continuing operations before income taxes (benefit)	399,996			23,895			633,829			(428,433		)	629,287
Income taxes (benefit)	(8,949		)	6,472			210,847			—			208,370
Net income from continuing operations	408,945			17,423			422,982			(428,433		)	420,917
Net income (loss) from discontinued operations	—			(12,705		)	733			—			(11,972		)
Net income	408,945			4,718			423,715			(428,433		)	408,945
Other comprehensive loss	(4,066		)	—			(4,066		)	4,066			(4,066		)
Comprehensive income	$	404,879		$	4,718		$	419,649		$	(424,367	)	$	404,879

Year ended April 30, 2016	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Total revenues	$	—		$	192,698		$	2,868,343		$	(22,888	)	$	3,038,153
Cost of revenues	—			102,707			1,588,450			(5,605		)	1,685,552
Selling, general and administrative	2,537			30,780			703,375			(17,283		)	719,409
Total operating expenses	2,537			133,487			2,291,825			(22,888		)	2,404,961
Other income (expense), net	375,136			21,473			(9,965		)	(381,395		)	5,249
Interest expense on external borrowings	—			(68,531		)	(431		)	—			(68,962		)
Income from continuing operations before income taxes (benefit)	372,599			12,153			566,122			(381,395		)	569,479
Income taxes (benefit)	(1,668		)	1,411			186,183			—			185,926
Net income from continuing operations	374,267			10,742			379,939			(381,395		)	383,553
Net loss from discontinued operations	—			(9,286		)	—			—			(9,286		)
Net income	374,267			1,456			379,939			(381,395		)	374,267
Other comprehensive loss	(12,973		)	(8,444		)	(12,973		)	21,417			(12,973		)
Comprehensive income (loss)	$	361,294		$	(6,988	)	$	366,966		$	(359,978	)	$	361,294

Schedule Of Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS										(in 000s)
As of April 30, 2018	H&R Block, Inc. (Guarantor)		Block Financial (Issuer)		Other Subsidiaries		Eliminations			Consolidated H&R Block
Cash & cash equivalents	$	—	$	4,346	$	1,540,598	$	—		$	1,544,944
Cash & cash equivalents - restricted	—		—		118,734		—			118,734
Receivables, net	—		51,562		95,212		—			146,774
Income taxes receivable	2,801		—		12,310		(2,801		)	12,310
Prepaid expenses and other current assets	—		1,954		66,997		—			68,951
Total current assets	2,801		57,862		1,833,851		(2,801		)	1,891,713
Property and equipment, net	—		467		231,421		—			231,888
Intangible assets, net	—		—		373,981		—			373,981
Goodwill	—		—		507,871		—			507,871
Deferred tax assets and income taxes receivable	1,400		17,798		14,897		—			34,095
Investments in subsidiaries	2,801,808		—		131,315		(2,933,123		)	—
Amounts due from affiliates	—		1,541,954		2,400,938		(3,942,892		)	—
Other noncurrent assets	—		50,073		51,328		—			101,401
Total assets	$	2,806,009	$	1,668,154	$	5,545,602	$	(6,878,816	)	$	3,140,949
Accounts payable and accrued expenses	$	2,074	$	16,628	$	233,273	$	—		$	251,975
Accrued salaries, wages and payroll taxes	—		1,161		140,338		—			141,499
Accrued income taxes and reserves for uncertain tax positions	—		1,060		264,791		(2,801		)	263,050
Current portion of long-term debt	—		—		1,026		—			1,026
Deferred revenue and other current liabilities	—		22,172		163,929		—			186,101
Total current liabilities	2,074		41,021		803,357		(2,801		)	843,651
Long-term debt	—		1,490,007		4,602		—			1,494,609
Deferred tax liabilities and reserves for uncertain tax positions	9,286		4,963		215,181		—			229,430
Deferred revenue and other noncurrent liabilities	—		848		178,700		—			179,548
Amounts due to affiliates	2,400,938		—		1,541,954		(3,942,892		)	—
Total liabilities	2,412,298		1,536,839		2,743,794		(3,945,693		)	2,747,238
Stockholders' equity	393,711		131,315		2,801,808		(2,933,123		)	393,711
Total liabilities and stockholders' equity	$	2,806,009	$	1,668,154	$	5,545,602	$	(6,878,816	)	$	3,140,949

As of April 30, 2017	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)		Other Subsidiaries		Eliminations			Consolidated H&R Block
Cash & cash equivalents	$	—		$	4,486	$	1,006,845	$	—		$	1,011,331
Cash & cash equivalents - restricted	—			8,060		98,148		—			106,208
Receivables, net	—			61,250		101,525		—			162,775
Prepaid expenses and other current assets	—			2,280		63,445		—			65,725
Total current assets	—			76,076		1,269,963		—			1,346,039
Property and equipment, net	—			78		263,749		—			263,827
Intangible assets, net	—			—		409,364		—			409,364
Goodwill	—			—		491,207		—			491,207
Deferred tax assets and income taxes receivable	5,587			30,743		47,398		—			83,728
Investments in subsidiaries	2,158,234			—		113,714		(2,271,948		)	—
Amounts due from affiliates	—			1,493,195		2,194,294		(3,687,489		)	—
Other noncurrent assets	—			51,829		48,114		—			99,943
Total assets	$	2,163,821		$	1,651,921	$	4,837,803	$	(5,959,437	)	$	2,694,108
Accounts payable and accrued expenses	$	2,086		$	14,218	$	200,724	$	—		$	217,028
Accrued salaries, wages and payroll taxes	—			851		183,005		—			183,856
Accrued income taxes and reserves for uncertain tax positions	—			—		348,199		—			348,199
Current portion of long-term debt	—			—		981		—			981
Deferred revenue and other current liabilities	—			26,759		162,457		—			189,216
Total current liabilities	2,086			41,828		895,366		—			939,280
Long-term debt	—			1,487,389		5,628		—			1,493,017
Deferred tax liabilities and reserves for uncertain tax positions	28,324			8,037		122,724		—			159,085
Deferred revenue and other noncurrent liabilities	—			953		162,656		—			163,609
Amounts due to affiliates	2,194,294			—		1,493,195		(3,687,489		)	—
Total liabilities	2,224,704			1,538,207		2,679,569		(3,687,489		)	2,754,991
Stockholders' equity (deficiency)	(60,883		)	113,714		2,158,234		(2,271,948		)	(60,883		)
Total liabilities and stockholders' equity	$	2,163,821		$	1,651,921	$	4,837,803	$	(5,959,437	)	$	2,694,108

Schedule Of Condensed Consolidating Statements Of Cash Flows

Year ended April 30, 2017	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Net cash provided by (used in) operating activities:	$	—		$	(66,499	)	$	618,696		$	—		$	552,197
Cash flows from investing:
Sales, maturities and payments received on AFS securities	—			144			1,000			—			1,144
Principal payments and sales of mortgage loans and real estate owned, net	—			207,174			—			—			207,174
Capital expenditures	—			(32		)	(89,223		)	—			(89,255		)
Payments for business acquisitions, net of cash acquired	—			—			(54,816		)	—			(54,816		)
Franchise loans funded	—			(34,136		)	(337		)	—			(34,473		)
Payments received on franchise loans	—			61,102			335			—			61,437
Intercompany borrowings (payments)	—			(194,782		)	(507,594		)	702,376			—
Other, net	—			1,546			6,562			—			8,108
Net cash provided by (used in) investing activities	—			41,016			(644,073		)	702,376			99,319
Cash flows from financing:
Repayments of line of credit borrowings	—			(1,700,000		)	—			—			(1,700,000		)
Proceeds from line of credit borrowings	—			1,700,000			—			—			1,700,000
Dividends paid	(187,115		)	—			—			—			(187,115		)
Repurchase of common stock, including shares surrendered	(322,850		)	—			—			—			(322,850		)
Proceeds from exercise of stock options	2,371			—			—			—			2,371
Intercompany borrowings (payments)	507,594			—			194,782			(702,376		)	—
Other, net	—			—			(22,830		)	—			(22,830		)
Net cash provided by (used in) financing activities	—			—			171,952			(702,376		)	(530,424		)
Effects of exchange rate changes on cash	—			—			(4,464		)	—			(4,464		)
Net increase (decrease) in cash, cash equivalents and restricted cash	—			(25,483		)	142,111			—			116,628
Cash, cash equivalents and restricted cash - beginning of the year	—			38,029			962,882			—			1,000,911
Cash, cash equivalents and restricted cash - end of the year	$	—		$	12,546		$	1,104,993		$	—		$	1,117,539

Year ended April 30, 2016	H&R Block, Inc. (Guarantor)			Block Financial (Issuer)			Other Subsidiaries			Eliminations			Consolidated H&R Block
Net cash provided by (used in) operating activities:	$	—		$	(71,783	)	$	616,336		$	—		$	544,553
Cash flows from investing:
Sales, maturities and payments received on AFS securities	—			430,460			6,011			—			436,471
Principal payments and sales of mortgage loans and real estate owned, net	—			38,481			—			—			38,481
Capital expenditures	—			(21		)	(99,902		)	—			(99,923		)
Payments for business acquisitions, net of cash acquired	—			—			(88,776		)	—			(88,776		)
Franchise loans funded	—			(22,479		)	(341		)	—			(22,820		)
Payments received on franchise loans	—			54,613			394			—			55,007
Intercompany borrowings (payments)	—			(1,147,985		)	(2,197,954		)	3,345,939			—
Other, net	—			2,192			8,883			—			11,075
Net cash provided by (used in) investing activities	—			(644,739		)	(2,371,685		)	3,345,939			329,515
Cash flows from financing:
Repayments of short-term borrowings	—			(1,465,000		)	—			—			(1,465,000		)
Proceeds from short-term borrowings	—			1,465,000			—			—			1,465,000
Proceeds from long-term debt	—			996,831			—			—			996,831
Transfer of HRB Bank deposits	—			(419,028		)	—			—			(419,028		)
Customer banking deposits, net	—			(327,145		)	—			440			(326,705		)
Dividends paid	(201,688		)	—			—			—			(201,688		)
Repurchase of common stock, including shares surrendered	(2,018,338		)	—			—			—			(2,018,338		)
Proceeds from exercise of stock options	25,775			—			—			—			25,775
Intercompany borrowings (payments)	2,197,954			—			1,147,985			(3,345,939		)	—
Other, net	(3,703		)	(19,282		)	4,409			—			(18,576		)
Net cash provided by (used in) financing activities	—			231,376			1,152,394			(3,345,499		)	(1,961,729		)
Effects of exchange rate changes on cash	—			—			(10,590		)	—			(10,590		)
Net decrease in cash, cash equivalents and restricted cash	—			(485,146		)	(613,545		)	440			(1,098,251		)
Cash, cash equivalents and restricted cash - beginning of the year	—			523,175			1,576,427			(440		)	2,099,162
Cash, cash equivalents and restricted cash - end of the year	$	—		$	38,029		$	962,882		$	—		$	1,000,911