Harbinger Group Inc.
    Print Page | Close Window

SEC Filings

424B3
HRG GROUP, INC. filed this Form 424B3 on 01/27/2016
Entire Document
 << Previous Page | Next Page >>


HRG GROUP, INC.
UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
For the year ended September 30, 2014, in millions, except per share data
 
Historical Condensed Consolidated
 
 
 
Pro Forma Condensed Combined
 
 
FGL Merger Agreement
 
Revenues:
 
 
 
 
 
 
Net consumer and other product sales
$
4,449.2

 
$

 
 
$
4,449.2

Oil and natural gas
147.0

 

 
 
147.0

Insurance premiums
56.6

 
(55.6
)
3(b)
 
1.0

Net investment income
842.2

 
(753.2
)
3(b)
 
89.0

Net investment gains (losses)
395.3

 
(306.7
)
3(b)
 
88.6

Insurance and investment product fees and other
72.7

 
(67.5
)
3(b)
 
5.2

Total revenues
5,963.0

 
(1,183.0
)
 
 
4,780.0

Operating costs and expenses:
 
 
 
 
 
 
Cost of consumer products and other goods sold
2,875.6

 

 
 
2,875.6

Oil and natural gas direct operating costs
69.6

 

 
 
69.6

Benefits and other changes in policy reserves
852.7

 
(787.5
)
3(b)
 
65.2

Selling, acquisition, operating and general expenses
1,332.5

 
(101.7
)
3(b)
 
1,230.8

Impairments and bad debt expense
83.9

 
(0.6
)
3(b)
 
83.3

Amortization of intangibles
179.2

 
(97.5
)
3(b)
 
81.7

Total operating costs and expenses
5,393.5

 
(987.3
)
 
 
4,406.2

Operating income (loss)
569.5

 
(195.7
)
 
 
373.8

Interest expense
(321.9
)
 
15.5

3(b)
 
(306.4
)
Loss from the change in the fair value of the equity conversion feature of preferred stock
(12.7
)
 

 
 
(12.7
)
Other expense, net
(21.7
)
 
(0.8
)
3(b)
 
(22.5
)
Income (loss) from continuing operations before income taxes
213.2

 
(181.0
)
 
 
32.2

Income tax expense (benefit)
111.5

 
(23.4
)
3(b)
 
88.1

Net income (loss) from continuing operations
101.7

 
(157.6
)
 
 
(55.9
)
Income from discontinued operations, net of tax

 
157.6

3(b)
 
157.6

Net income
101.7

 

 
 
101.7

Less: Net income attributable to noncontrolling interest
112.0

 


 
112.0

Net loss income attributable to controlling interest
(10.3
)
 

 
 
(10.3
)
Less: Preferred stock dividends, accretion and loss on conversion
73.6

 

 
 
73.6

Net loss attributable to common and participating preferred stockholders
$
(83.9
)
 
$

 
 
$
(83.9
)
 
 
 
 
 
 
 
Amounts attributable to common and participating preferred stockholders:
 
 
 
 
 
 
Net loss from continuing operations, net of tax
$
(83.9
)
 
$
(131.4
)
3(c)
 
$
(215.3
)
Net income from discontinued operations, net of tax

 
131.4

3(c)
 
131.4

Net (loss) income attributable to common and participating preferred stockholders
$
(83.9
)
 
$

 
 
$
(83.9
)
 
 
 
 
 
 
 
Net loss per common share attributable to controlling interest:
 
 
 
 
 
 
Basic loss from continuing operations
$
(0.51
)
 
$
(0.81
)
3(d)
 
$
(1.32
)
Basic income from discontinued operations

 
0.81

3(d)
 
0.81

Basic
$
(0.51
)
 
$

 
 
$
(0.51
)
 
 
 
 
 
 
 
Diluted loss from continuing operations
$
(0.51
)
 
$
(0.81
)
3(d)
 
$
(1.32
)
Diluted income from discontinued operations

 
0.81

3(d)
 
0.81

Diluted
$
(0.51
)
 
$

 
 
$
(0.51
)
See accompanying notes to unaudited pro forma condensed combined financial statements.

31


 << Previous Page | Next Page >>