Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - H&R BLOCK INC | hrb20171031exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - H&R BLOCK INC | hrb20171031exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - H&R BLOCK INC | hrb20171031exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - H&R BLOCK INC | hrb20171031exhibit311.htm |
| EX-12.2 - EXHIBIT 12.2 - H&R BLOCK INC | hrb20171031exhibit122.htm |
| EX-10.1 - EXHIBIT 10.1 - H&R BLOCK INC | hrb2017-10x31exhibit101.htm |
| 10-Q - 10-Q - H&R BLOCK INC | hrb2017103110q.htm |
Exhibit 12.1 | ||||||||||||||||||||||||||||
H&R BLOCK, INC. | ||||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Six months ended October 31, | Twelve months ended April 30, | |||||||||||||||||||||||||||
2017 | 2016 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||||
Pretax earnings (loss) from continuing operations | $ | (441,484 | ) | $ | (432,018 | ) | $ | 629,287 | $ | 569,479 | $ | 742,805 | $ | 767,116 | $ | 702,011 | ||||||||||||
Add: Fixed charges | 82,728 | 82,265 | 171,698 | 145,311 | 116,977 | 125,162 | 146,954 | |||||||||||||||||||||
Total earnings (loss) before income taxes and fixed charges | $ | (358,756 | ) | $ | (349,753 | ) | $ | 800,985 | $ | 714,790 | $ | 859,782 | $ | 892,278 | $ | 848,965 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 42,542 | $ | 44,086 | $ | 92,951 | $ | 68,962 | $ | 45,246 | $ | 55,279 | $ | 74,297 | ||||||||||||||
Interest on deposits | — | — | — | 179 | 682 | 2,109 | 5,660 | |||||||||||||||||||||
Interest portion of net rent expense (a) | 40,186 | 38,179 | 78,747 | 76,170 | 71,049 | 67,774 | 66,997 | |||||||||||||||||||||
Total fixed charges | $ | 82,728 | $ | 82,265 | $ | 171,698 | $ | 145,311 | $ | 116,977 | $ | 125,162 | $ | 146,954 | ||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||||
Including interest on deposits | — | — | 4.7 | 4.9 | 7.4 | 7.1 | 5.8 | |||||||||||||||||||||
Excluding interest on deposits | — | — | 4.7 | 4.9 | 7.4 | 7.2 | 6.0 | |||||||||||||||||||||
Deficiency in the coverage of fixed charges by earnings (loss) before income taxes and fixed charges | $ | (441,484 | ) | $ | (432,018 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
(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.