Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 08/15/1994
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<PAGE>
 
                       ZAPATA CORPORATION                       
                        INCOME STATEMENT
                       ------------------
            (in thousands, except per share amounts)             


<TABLE> 
<CAPTION> 
         


                               Three Months         Nine Months
                                   Ended               Ended
                                  June 30,            June 30,
                              1994      1993       1994      1993
                           --------   --------   --------   -------
<S>                         <C>       <C>        <C>       <C>  
Revenues                    $86,496   $58,173    $241,924  $200,952
                            -------   --------   --------  --------
Expenses                                                
  Operating                  74,214    52,089     209,215   178,822
  Provision for oil & gas                               
   property valuation        18,810       ---      18,810       ---
  Depreciation, depletion                                
   and amortization           4,475     2,879      11,969    10,165
  Selling, general and                                   
   administrative             5,055     3,774      14,531    10,329
                            -------   -------     -------   -------
                            102,554    58,742     254,525   199,316
                            -------   -------     -------   -------
Operating income (loss)     (16,058)     (569)    (12,601)    1,636
                            -------   -------     -------   -------
Interest income (expense)                                 
  Interest income               431       483       1,628     1,440
  Interest expense           (1,869)   (3,724)     (7,482)  (11,246)
                            -------   -------     -------   -------
                             (1,438)   (3,241)     (5,854)   (9,806)
                            -------   -------     -------   -------
Other income (expense)                                    
  Gain on sale of Tidewater                                
   stock                        ---    32,928      37,457    32,928
  Other                       3,016   (13,205)     (2,859)  (10,575)
                            -------   -------     -------   -------
                              3,016    19,723      34,598    22,353
                            -------   -------     -------   -------
Income (loss) before income                  
 taxes                      (14,480)   15,913      16,143    14,183
                            -------   -------     -------   -------
Provision for income 
 taxes                       (4,906)    5,423       6,117     4,197
                            -------   -------     -------   -------
Net income (loss)            (9,574)   10,490      10,026     9,986
                            -------   -------     -------   -------
Preferred and preference                                  
 stock dividends                101       285         303       487
                            -------   -------     -------   -------
Net income (loss) to common                              
 stock                      ($9,675)  $10,205      $9,723    $9,499
                            =======   =======     =======   =======
                                                          
Net income (loss) per 
 common share                ($0.31)    $0.37       $0.31     $0.36
Average common shares and
 equivalents outstanding     31,671    27,807      31,708    26,641

</TABLE>
 

(The accompanying notes are an integral part of the financial statements.)      

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