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 thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 426,990 | 986,975 | 909,075 | 264,455 | 322,824 | 885,015 | |||
| Cash and cash equivalents | 426,990 | 986,975 | 909,075 | 264,455 | 322,824 | 885,015 | |||
| Restricted cash and investments | 30,570 | 28,341 | 25,270 | 27,733 | 108,550 | 165,698 | |||
| Receivables | 60,330 | 59,987 | 249,150 | 328,616 | 61,035 | 58,447 | |||
| Other undisclosed current assets | 113,950 | 112,183 | 119,320 | 155,051 | 232,029 | 275,298 | |||
| Total current assets: | 631,840 | 1,187,486 | 1,302,815 | 775,855 | 724,438 | 1,384,458 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 412,415 | 438,299 | 372,175 | 382,723 | 412,823 | 427,783 | |||
| Property, plant and equipment | 131,667 | 130,015 | 136,132 | 136,824 | 127,934 | 123,912 | |||
| Long-term investments and receivables | 32,778 | 34,641 | 39,265 | 33,323 | 34,335 | ||||
| Accounts and financing receivable, after allowance for credit loss | 32,778 | 34,641 | 39,265 | 33,323 | 34,335 | ||||
| Intangible assets, net (including goodwill) | 1,038,332 | 1,052,496 | 1,063,004 | 1,069,341 | 1,050,194 | 1,070,045 | |||
| Goodwill | 770,820 | 775,453 | 769,557 | 764,802 | 746,711 | 760,401 | |||
| Intangible assets, net (excluding goodwill) | 267,512 | 277,043 | 293,447 | 304,539 | 303,483 | 309,644 | |||
| Regulated entity, other noncurrent assets | 11,025 | ||||||||
| Deferred income tax assets | 152,699 | ||||||||
| Other noncurrent assets | 48,156 | 52,571 | 57,254 | 46,760 | 50,082 | 54,012 | |||
| Other undisclosed noncurrent assets | 215,864 | 13,026 | 187,262 | 148,398 | 159,426 | 208,948 | |||
| Total noncurrent assets: | 1,879,212 | 1,884,772 | 1,855,092 | 1,817,369 | 1,834,794 | 1,884,700 | |||
| TOTAL ASSETS: | 2,511,052 | 3,072,258 | 3,157,907 | 2,593,224 | 2,559,232 | 3,269,158 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 149,892 | 159,901 | 236,388 | 137,118 | 168,496 | 160,929 | |||
| Taxes payable | ✕ | ✕ | ✕ | 284,124 | 73,572 | 188,118 | 280,115 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 208,560 | 68,089 | 56,162 | 154,764 | ||
| Accrued liabilities | 257,905 | 366,954 | |||||||
| Other undisclosed accounts payable and accrued liabilities | (108,013) | (207,053) | (256,296) | (4,543) | (75,784) | (273,950) | |||
| Debt | 3,300 | 2,700 | |||||||
| Other liabilities | 189,304 | 206,536 | 207,095 | 182,711 | 179,956 | 196,107 | |||
| Other undisclosed current liabilities | 453,590 | 569,045 | 672,099 | 326,004 | 441,771 | 639,077 | |||
| Total current liabilities: | 792,786 | 938,782 | 1,115,582 | 645,833 | 790,223 | 998,813 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,489,514 | 1,488,974 | 1,488,457 | 2,067,937 | 1,710,321 | 1,486,876 | |||
| Long-term debt, excluding current maturities | 1,489,514 | 1,488,974 | 1,488,457 | 2,067,937 | 1,487,407 | 1,486,876 | |||
| Other undisclosed long-term debt and lease obligation | (228,820) | ||||||||
| Liabilities, other than long-term debt | 573,636 | 612,438 | 590,260 | 522,933 | 323,673 | 353,518 | |||
| Deferred compensation liability, classified | 10,500 | ||||||||
| Liability for uncertainty in income taxes | 265,621 | 264,567 | 256,119 | 231,041 | 229,340 | 226,362 | |||
| Other liabilities | 83,650 | 107,328 | 135,055 | 86,483 | 94,333 | 116,656 | |||
| Operating lease, liability | 224,365 | 240,543 | 199,086 | 205,409 | 222,914 | 228,820 | |||
| Other undisclosed noncurrent liabilities | 218,320 | ||||||||
| Total noncurrent liabilities: | 2,063,150 | 2,101,412 | 2,078,717 | 2,590,870 | 2,033,994 | 2,058,714 | |||
| Total liabilities: | 2,855,936 | 3,040,194 | 3,194,299 | 3,236,703 | 2,824,217 | 3,057,527 | |||
| Equity | |||||||||
| Equity, attributable to parent | (344,884) | 32,064 | (36,392) | (643,479) | (264,985) | 211,631 | |||
| Common stock | 1,757 | 1,789 | 1,854 | 1,854 | 1,887 | 1,936 | |||
| Treasury stock, value | (645,441) | (654,325) | (659,850) | (659,896) | (660,840) | (661,247) | |||
| Additional paid in capital | 740,434 | 770,376 | 775,269 | 767,683 | 759,629 | 772,182 | |||
| Accumulated other comprehensive loss | (48,013) | (37,099) | (44,281) | (44,683) | (53,990) | (21,645) | |||
| Retained earnings (accumulated deficit) | (393,621) | (48,677) | (109,384) | (708,437) | (311,671) | 120,405 | |||
| Total equity: | (344,884) | 32,064 | (36,392) | (643,479) | (264,985) | 211,631 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,511,052 | 3,072,258 | 3,157,907 | 2,593,224 | 2,559,232 | 3,269,158 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 183,800 | 1,032,146 | 2,093,649 | 166,405 | 179,985 | 1,050,073 | ||
| Cost of revenue | (259,358) | (480,759) | (883,686) | (298,345) | (260,662) | (518,952) | ||
| Gross profit: | (75,558) | 551,387 | 1,209,963 | (131,940) | (80,677) | 531,121 | ||
| Operating expenses | (130,768) | (174,877) | (345,461) | (151,263) | (128,434) | (219,517) | ||
| Operating income (loss): | (206,326) | 376,510 | 864,502 | (283,203) | (209,111) | 311,604 | ||
| Nonoperating income (Other Nonoperating income) | 9,836 | 14,472 | 13,224 | 4,185 | 3,611 | 465 | ||
| Interest and debt expense | (15,870) | (15,871) | (22,298) | (18,985) | (15,824) | (18,621) | ||
| Income (loss) from continuing operations before income taxes: | (212,360) | 375,111 | 855,428 | (298,003) | (221,324) | 293,448 | ||
| Income tax expense (benefit) | 49,487 | (71,158) | (209,351) | 77,140 | 53,957 | (68,757) | ||
| Income (loss) from continuing operations: | (162,873) | 303,953 | 646,077 | (220,863) | (167,367) | 224,691 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (168,421) | 222,703 | |
| Loss from discontinued operations | (609) | (1,682) | (2,648) | (2,716) | (1,054) | (1,988) | ||
| Net income (loss) attributable to parent: | (163,482) | 302,271 | 643,429 | (223,579) | (168,421) | 222,703 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (177) | (2,822) | (192) | (179) | ||||
| Other undisclosed net income available to common stockholders, basic | 609 | 474 | 2,648 | 2,716 | 1,054 | 1,063 | ||
| Net income (loss) available to common stockholders, diluted: | (163,050) | 302,745 | 643,255 | (221,055) | (167,546) | 223,766 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (163,482) | 302,271 | 643,429 | (223,579) | (168,421) | 222,703 | ||
| Other comprehensive income (loss) | 402 | 9,307 | (32,345) | |||||
| Other undisclosed comprehensive loss | (15,454) | (21,733) | ||||||
| Comprehensive income (loss): | (163,482) | 286,817 | 643,831 | (214,272) | (200,766) | 200,970 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (10,914) | 22,636 | 3,926 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (174,396) | 309,453 | 643,831 | (214,272) | (200,766) | 204,896 | ||
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.