H&R Block (HRB) Financials

H&R Block Inc (HRB) is a leading provider of tax preparation services, serving millions of clients in the United States and abroad. The company’s financial performance is reflected in its income statement, which details its revenue and expenses. For the fiscal year ended June 30, 2020, H&R Block reported total revenue of $3.1 billion. This includes revenue from its core tax preparation services, as well as income from other sources such as its financial products and services. The company generated a gross profit of $2.2 billion for the same period.

H&R Block's EBIT (earnings before interest and taxes) for the fiscal year 2020 was $655 million. This reflects the company's operating income before accounting for interest expenses and income taxes. The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) for the same period was $853 million, indicating its profitability before accounting for non-cash expenses.

Net income allocated to stockholders of H&R Block Inc for the fiscal year 2020 was $355 million. This represents the profit attributable to the company's shareholders after deducting expenses and taxes. H&R Block's balance sheet shows its financial position as of June 30, 2020. The company reported total assets of $9.7 billion, consisting of cash equivalents, investments, property, and other assets. H&R Block's total liabilities, including its debt and other obligations, amounted to $7.5 billion.

The company's net debt, which is the difference between its total debt and cash equivalents, was $1.8 billion. H&R Block Inc's stockholders' equity, representing the shareholders' ownership in the company, was $2.2 billion. This is calculated as the difference between the company's total assets and total liabilities. H&R Block's cash flow statement provides insight into its liquidity and cash management. The company generated $1.1 billion in operating cash flow for the fiscal year 2020, demonstrating its cash generation from core business operations.

H&R Block's free cash flow, which represents the cash available to the company after deducting capital expenditures, was $885 million. This reflects the company's ability to generate cash that can be used for various purposes, such as reinvestment or returning value to shareholders. The company's financing cash flow, which includes activities such as debt issuance and dividend payments, was $400 million. H&R Block's investing cash flow, which includes activities such as acquisitions and investments, was $200 million.

Overall, H&R Block Inc has maintained a strong financial position, with solid revenue and profitability. The company's focus on providing tax preparation services has been successful, and its financial performance reflects its commitment to delivering value to its shareholders and clients alike.