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EX-32.2 - EXHIBIT 32.2 - H&R BLOCK INChrb20170131exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - H&R BLOCK INChrb20170131exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - H&R BLOCK INChrb20170131exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - H&R BLOCK INChrb20170131exhibit311.htm
EX-12.2 - EXHIBIT 12.2 - H&R BLOCK INChrb20170131exhibit122.htm
10-Q - 10-Q - H&R BLOCK INChrb2017013110q.htm


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.1
 
H&R BLOCK, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended January 31,
 
Twelve months ended April 30,
 
 
2017
 
2016
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax earnings (loss) from continuing operations
 
$
(582,616
)
 
$
(571,328
)
 
$
569,479

 
$
742,805

 
$
767,116

 
$
702,011

 
$
576,070

Add: Fixed charges
 
128,171

 
101,215

 
145,311

 
116,977

 
125,162

 
146,954

 
164,848

Total earnings (loss) before income taxes and fixed charges
 
$
(454,445
)
 
$
(470,113
)
 
$
714,790

 
$
859,782

 
$
892,278

 
$
848,965

 
$
740,918

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
70,026

 
$
46,329

 
$
68,962

 
$
45,246

 
$
55,279

 
$
74,297

 
$
85,354

Interest on deposits
 

 
179

 
179

 
682

 
2,109

 
5,660

 
6,735

Interest portion of net rent expense (a)
 
58,145

 
54,707

 
76,170

 
71,049

 
67,774

 
66,997

 
72,759

Total fixed charges
 
$
128,171

 
$
101,215

 
$
145,311

 
$
116,977

 
$
125,162

 
$
146,954

 
$
164,848

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Including interest on deposits
 
-

 
-

 
4.9

 
7.4

 
7.1

 
5.8

 
4.5

Excluding interest on deposits
 
-

 
-

 
4.9

 
7.4

 
7.2

 
6.0

 
4.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deficiency in the coverage of fixed charges by earnings (loss) before income taxes and fixed charges
 
$
(582,616
)
 
$
(571,328
)
 
$

 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) One-third of net rent expense is the portion deemed representative of the interest factor.

Note: In computing the ratio of earnings to fixed charges: (a) earnings have been based on income from continuing operations before income taxes and fixed charges (exclusive of interest capitalized) and (b) fixed charges consist of interest expense and the estimated interest portion of rents. Interest expense on uncertain tax positions has been excluded from fixed charges, as it is included as a component of income taxes in the consolidated financial statements.