H&R Block Inc. (HRB) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE H&R BLOCK WAY
KANSAS CITY, MO 64105
State of Incorp. MO
Fiscal Year End June 30
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
MRQ
6/30/2023
6/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9878859342,6731,6121,545
Cash and cash equivalents9878859342,6621,5721,545
Short-term investments    1140 
Restricted cash and investments28166129211136119
Receivables6058198133139159
Other undisclosed current assets1122754396910769
Total current assets:1,1871,3841,7003,0871,9931,892
Noncurrent Assets
Operating lease, right-of-use asset438428437495
Property, plant and equipment130124148184212232
Long-term investments and receivables35     
Accounts and financing receivable, after allowance for credit loss35     
Intangible assets, net (including goodwill)1,0521,0701,1181,127862882
Goodwill775760758712520508
Intangible assets, net (excluding goodwill)277310360415342374
Regulated entity, other noncurrent assets 11     
Deferred income tax assets 153   
Other noncurrent assets5354686890101
Deferred tax assets, net14234
Other undisclosed noncurrent assets13209183151  
Total noncurrent assets:1,8851,8851,9542,0251,3071,249
TOTAL ASSETS:3,0723,2693,6545,1123,3003,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:160161198203250252
Taxes payable280287210272263
Employee-related liabilities155271116197141
Accrued liabilities367     
Other undisclosed accounts payable and accrued liabilities(207)(274)(360)(123)(219)(153)
Debt 332098602128
Other liabilities207196200201205186
Other undisclosed current liabilities569639555311448377
Total current liabilities:9399991,1631,576923844
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4891,4871,4902,8461,4931,495
Long-term debt, excluding current maturities1,4891,4871,4902,8461,493 
Other undisclosed long-term debt and lease obligation  (229)(243)(313) 1,495
Liabilities, other than long-term debt612354421322343409
Deferred compensation liability, classified  111515  
Deferred tax liabilities, net 229
Liability for uncertainty in income taxes265226279182198 
Other liabilities107117126125145180
Operating lease, liability241229243313
Other undisclosed noncurrent liabilities  218228297  
Total noncurrent liabilities:2,1012,0592,1383,4651,8351,904
Total liabilities:3,0403,0583,3015,0412,7582,747
Equity
Equity, attributable to parent3221235271542394
Common stock222222
Treasury stock, value(654)(661)(686)(698)(707)(718)
Additional paid in capital770772783775768760
Accumulated other comprehensive income (loss)(37)(22)5(52)(20)(14)
Retained earnings (accumulated deficit)(49)12024943499363
Total equity:3221235271542394
TOTAL LIABILITIES AND EQUITY:3,0723,2693,6545,1123,3003,141

Income Statement (P&L) ($ in millions)

12/31/2023
TTM
6/30/2023
6/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Revenues3,4723,4633,4142,6403,0953,160
Revenue, net3,160
Cost of revenue(1,923)(1,881)(1,842)(1,712)(1,757)(1,740)
Cost of goods and services sold (1,923)(1,881)(1,842)(1,712)(1,757) 
Gross profit:1,5491,5821,5729271,3381,420
Operating expenses(800)(837)(802)(850)(722)(776)
Operating income:74974577077616645
Nonoperating income
(Other Nonoperating income)
352616166
Interest and debt expense(73)(88)(107)(96)(87)(89)
Other undisclosed income from continuing operations before equity method investments, income taxes      107
Income (loss) from continuing operations before income taxes:711659669(3)545669
Income tax expense (benefit)(149)(98)(79)10(100)(42)
Income from continuing operations:5625615906445627
Income (loss) before gain (loss) on sale of properties:554584(8)423613
Loss from discontinued operations(8)(7)(6)(14)(23)(14)
Net income (loss) attributable to parent:554554584(8)423613
Undistributed earnings (loss) allocated to participating securities, basic      
Other undisclosed net income available to common stockholders, basic654132212
Net income available to common stockholders, diluted:5605585886444625

Comprehensive Income ($ in millions)

12/31/2023
TTM
6/30/2023
6/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Net income (loss):554554584(8)423613
Other comprehensive income (loss)(15)(22)56(31)(6)1
Other undisclosed comprehensive loss      
Comprehensive income (loss):538532640(39)416614
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:538532640(39)416614

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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