H&B block equjity, debt and subsidiaries

Accuracy score :
97%

H&R Block Inc  HRB

Summary (from latest annual report – 2015)

  • Total equity: 1.83 billion USD
  • Market Cap is 4.5 billion USD ( last price of the stock is 20.24 USD)
  • H&R Block is a tax preparation company in North America, Australia, Brazil and India. It also offers financial products to support its tax business through the H&R Block Bank and services like: payroll, personal finance, and business consulting
  • Equity of total company increased from 1.55 billion USD in 2014 to 1.83 billion in 2015
  • Company has 2 billion USD in cash on account (from latest annual report2015 year)
  • H&R Block has 792 million USD treasury stock
  • In 2015 company has 505 million USD long-term debt, short – term debt was 1 million USD(In 2014 company had 401 million USD short-term debt , long-term debt was 506 million USD)
  • H&R Block balance sheet has become stronger in 2015 (In latest annual report - total equity increased to 1.81 billion  USD from 1.55 billion USD in 2014, total debt was 506 million USD in 2015)
  • Company's revenue increased in 2015 to 3.07 billion USD from 3.02 billion in 2014
  • Net income in 2015 was 474 million USD, Net income in 2014 was 475 million USD
  • In 2015 company paid 220 million USD dividend to its shareholders

H&R Block standalone subsidiaries and acquisitions :

  • In the period from 1997 to 1999 H&R Block acquired two of its franchises and 251 independent tax preparation firms as well as mortgage businesses and a string of accounting firms worth 1.2 billion USD (Block’s strategy was to acquire CPA firms to strengthen its position in the tax preparation market. The addition of CPA firms was intended to attract more high-income individuals who would normally seek out their own CPA firm)
  • In 1999 H&R Block acquired Olde Discount for 850 million USD (today operates under the name H&R Block Financial Advisors)
  • In 2005 H&R Block announced that it has signed a definitive agreement to acquire the Tax & Business Services division of American Express for approximately 220 million USD
  • Standalone subsidiaries: EquiCo, RedGear, Sand Canyon and TaxWorks - worth 500 million USD
  • Standalone subsidiaries: AcuLink, Ada Services Corporation, BFC Transactions, Block Financial LLC, Companion Mortgage Corporation, Emerald Financial Services, Everyday Financial Services LLC, Financial Marketing Services, Franchise Partner, New Castle HoldCo LLC, OOMC Residual Corporation, ServiceWorks, Woodbridge Mortgage Acceptance Corporation, New River Innovation - worth 550 million USD

 

Total = 3.32 billion usd

Opinion about the company

Fundamentally it is a very good company and in the future we can expect its growth (Total debt is 506 million usd, company has 2 billion USD in cash on account, ROE is around 135 %).