H&R Block, Inc. (HRB) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3369342,6731,6121,5451,011898
Cash and cash equivalents3369342,6621,5721,5451,011897
Short-term investments  1140  1
Restricted cash and investments124129211136119106104
Receivables301198133139159163153
Other undisclosed current assets47943969107696667
Total current assets:1,2401,7003,0871,9931,8921,3461,222
Noncurrent Assets
Operating lease, right-of-use asset397437495
Property, plant and equipment140148184212232264294
Long-term investments and receivables36     60
Accounts and financing receivable, after allowance for credit loss36     60
Intangible assets, net (including goodwill)1,0941,1181,127862882901905
Goodwill759758712520508491471
Intangible assets, net (excluding goodwill)335360415342374409434
Other noncurrent assets50686890101100115
Deferred tax assets, net1423484120
Other undisclosed noncurrent assets144183151   142
Total noncurrent assets:1,8601,9542,0251,3071,2491,3481,635
TOTAL ASSETS:3,1003,6545,1123,3003,1412,6942,858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:156198203250252217260
Accrued liabilities      260
Employee-related liabilities63271116197141184162
Taxes payable79287210272263348374
Other undisclosed accounts payable and accrued liabilities14(360)(123)(219)(153)(315)(536)
Debt4992098602128311
Other liabilities185200201205186189244
Other undisclosed current liabilities331555311448377502536
Total current liabilities:1,1711,1631,5769238449391,040
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9771,4902,8461,4931,4951,4931,502
Long-term debt, excluding current maturities1,7611,4902,8461,493  1,502
Operating lease, liability216243313
Other undisclosed long-term debt and lease obligation (243)(313) 1,4951,493 
Liabilities, other than long-term debt325421322343409323293
Deferred compensation liability, classified 1515    
Deferred tax liabilities, net 229159133
Liability for uncertainty in income taxes250279182198   
Other liabilities75126125145180164160
Other undisclosed noncurrent liabilities 228297    
Total noncurrent liabilities:2,3012,1383,4651,8351,9041,8161,795
Total liabilities:3,4733,3015,0412,7582,7472,7552,835
Stockholders' equity
Stockholders' equity attributable to parent(373)35271542394(61)23
Common stock2222223
Treasury stock, value(669)(686)(698)(707)(718)(755)(767)
Additional paid in capital771783775768760755758
Accumulated other comprehensive income (loss)(9)5(52)(20)(14)(15)(11)
Retained earnings (accumulated deficit)(467)24943499363(48)40
Total stockholders' equity:(373)35271542394(61)23
TOTAL LIABILITIES AND EQUITY:3,1003,6545,1123,3003,1412,6942,858

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

12/31/2021
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues2,9883,4142,6403,0953,1603,0363,038
Revenue, net3,1603,0363,038
Cost of revenue(1,813)(1,842)(1,712)(1,757)(1,740)(1,644)(1,686)
Cost of goods and services sold (1,842)(1,712)(1,757)   
Other cost of operating revenue     (249)(244)
Gross profit:1,1751,5729271,3381,4201,3921,353
Operating expenses(805)(802)(850)(722)(776)(676)(719)
Operating income:37077077616645716633
Nonoperating income
(Other Nonoperating income)
5616166  
Interest and debt expense(90)(107)(96)(87)(89)(93)(69)
Other undisclosed income from continuing operations before equity method investments, income taxes    10765
Income (loss) from continuing operations before income taxes:285669(3)545669629569
Income tax expense (benefit)95(79)10(100)(42)(208)(186)
Income from continuing operations:3805906445627421384
Loss from discontinued operations(6)(6)(14)(23)(14)(12)(9)
Net income (loss) attributable to parent:374584(8)423613409374
Undistributed earnings (loss) allocated to participating securities, basic(1)    
Other undisclosed net income available to common stockholders, basic44132212119
Net income available to common stockholders, diluted:3785886444625420383

Comprehensive Income ($ in millions)

12/31/2021
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):374584(8)423613409374
Other comprehensive income (loss)1056(31)(6)1(4)(13)
Other undisclosed comprehensive income56      
Comprehensive income (loss):441640(39)416614405361
Other undisclosed comprehensive loss, net of tax, attributable to parent(40)      
Comprehensive income (loss), net of tax, attributable to parent:401640(39)416614405361

Statements sources

The financial statements are based on the company's filings with the 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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