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EX-32.2 - EXHIBIT 32.2 - H&R BLOCK INChrb20170731exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - H&R BLOCK INChrb20170731exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - H&R BLOCK INChrb20170731exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - H&R BLOCK INChrb20170731exhibit311.htm
EX-12.1 - EXHIBIT 12.1 - H&R BLOCK INChrb20170731exhibit121.htm
EX-10.8 - EXHIBIT 10.8 - H&R BLOCK INChrb20170731exhibit108.htm
10-Q - 10-Q - H&R BLOCK INChrb2017073110q.htm


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.2
 
BLOCK FINANCIAL LLC
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended July 31,
 
Twelve months ended April 30,
 
 
2017
 
2016
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax earnings (loss) from continuing operations
 
$
(8,641
)
 
$
(16,070
)
 
$
23,895

 
$
12,153

 
$
67,628

 
$
40,828

 
$
(6,112
)
Add: Fixed charges
 
21,204

 
21,314

 
92,263

 
68,713

 
45,575

 
57,010

 
79,500

Total earnings before income taxes and fixed charges
 
$
12,563

 
$
5,244

 
$
116,158

 
$
80,866

 
$
113,203

 
$
97,838

 
$
73,388

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
21,204

 
$
21,314

 
$
92,263

 
$
68,531

 
$
44,884

 
$
54,892

 
$
73,831

Interest on deposits
 

 

 

 
179

 
682

 
2,109

 
5,660

Interest portion of net rent expense (a)
 

 

 

 
3

 
9

 
9

 
9

Total fixed charges
 
$
21,204

 
$
21,314

 
$
92,263

 
$
68,713

 
$
45,575

 
$
57,010

 
$
79,500

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

 
-

 
1.3

 
1.2

 
2.5

 
1.7

 
-

Excluding interest on deposits
 
-

 
-

 
1.3

 
1.2

 
2.5

 
1.7

 
-

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deficiency in the coverage of fixed charges by earnings (loss) before income taxes and fixed charges
 
$
(8,641
)
 
$
(16,070
)
 
$

 
$

 
$

 
$

 
$
(6,112
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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.