H&R Block (HRB) 10-Q 2018 Q3 Quarterly report

													Exhibit 12.2
BLOCK FINANCIAL LLC
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
	Nine months ended January 31,						Twelve months ended April 30,
	2018			2017			2017		2016		2015		2014		2013
Pretax earnings (loss) from continuing operations	$	(25,316	)	$	(34,400	)	$	23,895	$	12,153	$	67,628	$	40,828	$	(6,112	)
Add: Fixed charges	66,873			69,420			92,263		68,713		45,575		57,010		79,500
Total earnings before income taxes and fixed charges	$	41,557		$	35,020		$	116,158	$	80,866	$	113,203	$	97,838	$	73,388
Fixed charges:
Interest expense	$	66,873		$	69,420		$	92,263	$	68,531	$	44,884	$	54,892	$	73,831
Interest on deposits	—			—			—		179		682		2,109		5,660
Interest portion of net rent expense (a)	—			—			—		3		9		9		9
Total fixed charges	$	66,873		$	69,420		$	92,263	$	68,713	$	45,575	$	57,010	$	79,500
Ratio of earnings to fixed charges:
Including interest on deposits	-			-			1.3		1.2		2.5		1.7		-
Excluding interest on deposits	-			-			1.3		1.2		2.5		1.7		-
Deficiency in the coverage of fixed charges by earnings (loss) before income taxes and fixed charges	$	(25,316	)	$	(34,400	)	$	—	$	—	$	—	$	—	$	(6,112	)

(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.