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H&R Block (H&R Block) Cash And Cash Equivalents

: $321 Mil (As of Dec. 2023)
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H&R Block's quarterly cash and cash equivalents declined from Jun. 2023 ($986.98 Mil) to Sep. 2023 ($426.99 Mil) but then stayed the same from Sep. 2023 ($426.99 Mil) to Dec. 2023 ($321.01 Mil).

H&R Block's annual cash and cash equivalents declined from Apr. 2021 ($934.25 Mil) to Jun. 2022 ($885.02 Mil) but then increased from Jun. 2022 ($885.02 Mil) to Jun. 2023 ($986.98 Mil).


H&R Block Cash And Cash Equivalents Historical Data

The historical data trend for H&R Block's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

H&R Block Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23
Cash And Cash Equivalents
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,572.15 2,661.91 934.25 885.02 986.98

H&R Block Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 264.46 909.08 986.98 426.99 321.01

H&R Block Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.


H&R Block  (NYSE:HRB) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.


Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.


H&R Block Cash And Cash Equivalents Related Terms

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H&R Block (H&R Block) Business Description

Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.
Executives
Tony G Bowen officer: Chief Financial Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Kellie J Logerwell officer: VP & Chief Acct Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Jones Jeffrey J Ii officer: President & CEO - Designate ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Richard A Johnson director FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Robert A Gerard director 161 DUANE ST, NEW YORK NY 10013
Karen A Orosco officer: SVP, U.S. Retail ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Christianna Wood director 330 OLD Y ROAD, GOLDEN CO 80401
Dara S Redler officer: Chief Legal Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Thomas A Gerke officer: SVP and General Counsel GERKE THOMAS A, OVERLAND PARK KS 66251
Mia Mends director 5254 BIRDWOOD ROAD, HOUSTON TX 77096
Sean Cohan director 675 SIXTH AVENUE, 3RD FLOOR, NEW YORK NY 10011
Yolande G Piazza director 111 8TH AVENUE, NEW YORK NY 10011
Anuradha Gupta director 564 PACIFIC AVENUE, SAN FRANCISCO CA 94133
Matthew E Winter director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Kathryn M Collins officer: SVP & Chief Marketing Office ONE H&R BLOCK WAY, KANSAS CITY MO 64105