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Block H&R - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

H&R Block (ISIN: US0936711052, WKN: 859376) Kursdatum: 21.07.2017 Kurs: 29,800 USD
Beschreibung Daten
Symbol HRB
Marktkapitalisierung 6.380.030.976,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Finanzdienstleister
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2005-08-23 - 2:1 | 2001-08-02 - 2:1 |
Internet
Letztes Bilanz Update 18.06.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
13,84 11,60 2,95% 15,18 -2,26 15,60 2,10 -104,79

Firmenbeschreibung

(in 000s, except per share amounts)   Fiscal Year 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015Revenues $3,038,153 $2,297,477 $474,543 $128,415 $137,718Income (loss) from continuing operations before taxes (benefit) $569,479 $1,140,807 $(146,500) $(237,719) $(187,109)Income taxes (benefit) 185,926 439,582 (67,851) (95,201) (90,604)Net income (loss) from continuing operations 383,553 701,225 (78,649) (142,518) (96,505)Net loss from discontinued operations (9,286) (563) (3,080) (2,489) (3,154)Net income (loss) $374,267 $700,662 $(81,729) $(145,007) $(99,659)Basic earnings (loss) per share:          Continuing operations $1.54 $3.15 $(0.34) $(0.54) $(0.35)Discontinued operations (0.04) — (0.01) (0.01) (0.01)Consolidated $1.50 $3.15 $(0.35) $(0.55) $(0.36)Diluted earnings (loss) per share:          Continuing operations $1.53 $3.13 $(0.34) $(0.54) $(0.35)Discontinued operations (0.04) — 

Firmenstrategie

PRINCIPLES OF CONSOLIDATION – The consolidated financial statements include the accounts of the Company and our 100% owned subsidiaries. Intercompany transactions and balances have been eliminated.

RevenueRecognitionPolicyTextBlock

REVENUE RECOGNITION – We recognize revenue for our services when each of the following four criteria is met: persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; the selling price is fixed or determinable; and collectibility is reasonably assured.

Service revenues consist primarily of fees for preparation and filing of tax returns, both in offices and through our online programs, fees earned on refund transfers (RTs), interchange income associated with our H&R Block Emerald Prepaid MasterCard® program and fees associated with our Peace of Mind® Extended Service Plan (POM). Service revenues are recognized in the period in which the service is performed as follows:

Assisted and online tax preparation revenues are recorded when a completed return is electronically filed or accepted by the customer.
Fees related to RTs are recognized when Internal Revenue Service (IRS) acknowledgment is received and the bank account is established at BofI.
Revenues associated with our H&R Block Emerald Prepaid MasterCard® program consist of interchange income from the use of debit cards and fees from the use of ATM networks, net of volume-based amounts retained by BofI in connection with the PMA. Interchange income is a fee paid by a merchant bank to BofI through the interchange network. Net revenue associated with our H&R Block Prepaid Mastercard® is recognized based on cardholder transactions.
POM revenues are deferred and recognized over the term of the plan, based on actual claims paid in relation to projected claims.

Royalty, product and other revenues include royalties from franchisees and sales of desktop software products, and are recognized as follows:

Franchise royalties, which are based on contractual percentages of franchise revenues, are recorded in the period in which the services are provided to the customer.
Revenue from the sale of desktop software is recognized when the product is sold to the end user. Rebates, slotting fees and other incentives paid in connection with these sales are recorded as a reduction of revenue.
Participation revenue on EAs is recorded over the life of the underlying loan.
Interest on loans to franchisees is calculated using the average daily balance method and is recognized based on the principal amount outstanding until the outstanding balance is paid or becomes delinquent.

Sales tax we collect and remit to taxing authorities is recorded net in the consolidated statements of income.

SegmentReportingDisclosureTextBlock

Our subsidiaries provide assisted and DIY tax return preparation through multiple channels (including in-person, online and mobile applications, and desktop software) and distribute the H&R Block-branded financial products and services of BofI. Tax returns are either prepared by H&R Block tax professionals (in company-owned or franchise offices or virtually via the internet) or prepared and filed by our clients through our DIY tax solutions.

We operate as a single segment that includes all of our continuing operations, which are designed to enable clients to obtain tax preparation services seamlessly in our offices or through our tax software.

Revenues of our continuing operations are as follows:

(in 000s)
 
Year ended April 30,
 
2016

 
2015

 
2014

REVENUES :
 
 
 
 
 
 
Tax preparation fees:
 
 
 
 
 
 
U.S. assisted
 
$
1,890,175

 
$
1,865,438

 
$
1,794,043

International
 
190,527

 
207,772

 
200,152

U.S. DIY
 
234,341

 
231,854

 
206,516

 
 
2,315,043

 
2,305,064

 
2,200,711

Royalties
 
266,418

 
292,743

 
316,153

Revenues from Refund Transfers
 
165,152

 
171,094

 
181,394

Revenues from Emerald Card®
 
92,608

 
103,300

 
103,730

Revenues from Peace of Mind® Extended Service Plan
 
86,830

 
81,551

 
89,685

Interest and fee income on Emerald Advance
 
57,268

 
57,202

 
56,877

Other
 
54,834

 
67,704

 
75,745

 
 
$
3,038,153

 
$
3,078,658

 
$
3,024,295

 
 
 
 
 
 
 


Our international operations contributed $209.8 million, $231.7 million and $232.2 million in revenues for fiscal years 2016, 2015 and 2014, respectively. The carrying value of assets held outside the U.S. totaled $527.1 million, $284.5 million and $303.9 million as of April 30, 2016, 2015 and 2014, respectively.

EarningsPerSharePolicyTextBlock

Basic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed by dividing net income from continuing operations attributable to common shareholders by the weighted average shares outstanding during each period.

The computations of basic and diluted earnings per share from continuing operations are as follows:

(in 000s, except per share amounts)
 
Year ended April 30,
 
2016

 
2015

 
2014

Net income from continuing operations attributable to shareholders
 
$
383,553

 
$
486,744

 
$
500,097

Amounts allocated to participating securities
 
(718
)
 
(774
)
 
(692
)
Net income from continuing operations attributable to common shareholders
 
$
382,835

 
$
485,970

 
$
499,405

 
 
 
 
 
 
 
Basic weighted average common shares
 
249,009

 
275,033

 
273,830

Potential dilutive shares
 
1,809

 
2,103

 
2,197

Dilutive weighted average common shares
 
250,818

 
277,136

 
276,027

Earnings per share from continuing operations attributable to common shareholders:
 
 
 
 
 
 
Basic
 
$
1.54

 
$
1.77

 
$
1.82

Diluted
 
1.53

 
1.75

 
1.81

 
 
 
 
 
 
 


Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain restrictions or the exercise of options to purchase 0.1 million shares of stock for each of our fiscal years 2016, 2015 and 2014, as the effect would be antidilutive.