EX-12 6 c86302exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 H&R BLOCK, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS)
2004 2003 2002 2001 2000 ----------- ------------ ---------- -------- -------- Pretax income before change in accounting principle $ 1,164,157 $ 987,077 $ 716,840 $473,078 $412,266 =========== ============ ========== ======== ======== FIXED CHARGES: Interest expense 84,556 92,644 116,141 242,551 155,027 Interest portion of net rent expense (a) 79,949 70,574 63,458 59,268 52,263 ----------- ------------ ---------- -------- -------- Total fixed charges 164,505 163,218 179,599 301,819 207,290 ----------- ------------ ---------- -------- -------- Earnings before income taxes and fixed charges $ 1,328,662 $ 1,150,295 $ 896,439 $774,897 $619,556 =========== ============ ========== ======== ======== Ratio of earnings to fixed charges 8.1 7.0 5.0 2.6 3.0 =========== ============ ========== ======== ========
(a) One-third of net rent expense is the portion deemed representative of the interest factor.