Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 03/28/2002
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<PAGE>
 
                               ZAPATA CORPORATION
 
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                    (IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
 

<Table>
<Caption>
                                                           YEAR ENDED     YEAR ENDED     YEAR ENDED
                                                          DECEMBER 31,   DECEMBER 31,   DECEMBER 31,
                                                              2001           2000           1999
                                                          ------------   ------------   ------------
<S>                                                       <C>            <C>            <C>
Revenues................................................    $98,836        $ 84,140       $ 93,666
Cost of revenues........................................     84,682          85,044         87,510
Inventory write-down....................................         --          18,117         18,188
                                                            -------        --------       --------
     Gross profit (loss)................................     14,154         (19,021)       (12,032)
Operating expenses:
  Product development...................................         --           1,489          2,890
  Selling, general and administrative...................     12,633          15,790         16,697
  Impairment of long-lived assets.......................        232           1,307          2,267
  Contract termination (settlement) expense.............       (403)            779             --
                                                            -------        --------       --------
     Total operating expenses...........................     12,462          19,365         21,854
                                                            -------        --------       --------
Operating income (loss).................................      1,692         (38,386)       (33,886)
                                                            -------        --------       --------
Other income (expense):
  Interest income, net..................................      3,493           7,352          5,170
  Realized loss on non-investment grade securities......    (11,841)        (13,201)            --
  Other.................................................       (151)           (906)        (3,219)
                                                            -------        --------       --------
                                                             (8,499)         (6,755)         1,951
                                                            -------        --------       --------
Loss before income taxes and minority interest..........     (6,807)        (45,141)       (31,935)
Benefit for income taxes................................     12,769          12,521          5,758
Minority interest in net (income) loss of consolidated
  subsidiary............................................     (1,528)          6,632          5,845
                                                            -------        --------       --------
Net income (loss) to common stockholders................    $ 4,434        $(25,988)      $(20,332)
                                                            =======        ========       ========
Net income (loss) per share (basic and diluted).........    $  1.85        $ (10.88)      $  (8.51)
                                                            =======        ========       ========
Weighted average common shares outstanding..............      2,391           2,389          2,389
                                                            =======        ========       ========
</Table>

 
   The accompanying notes are an integral part of the consolidated financial
                                  statements.
                                        28

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