PART I: FINANCIAL INFORMATION
Item 1. Financial Statements HRG GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In millions)
| | | | | | | | | | December 31, 2015 | | September 30, 2015 | | (Unaudited) | | (As Adjusted) | ASSETS | | | | Investments | $ | 155.6 |
| | $ | 278.9 |
| Cash and cash equivalents | 576.4 |
| | 695.2 |
| Funds withheld receivables | 1,664.0 |
| | 1,710.1 |
| Receivables, net | 636.9 |
| | 632.9 |
| Inventories, net | 867.7 |
| | 780.8 |
| Deferred tax assets | 303.4 |
| | 51.2 |
| Properties, including oil and natural gas properties, net | 664.3 |
| | 798.4 |
| Goodwill | 2,478.1 |
| | 2,487.4 |
| Intangibles | 2,445.3 |
| | 2,480.3 |
| Other assets | 143.6 |
| | 134.3 |
| Assets of business held for sale | 25,097.5 |
| | 24,984.5 |
| Total assets | $ | 35,032.8 |
| | $ | 35,034.0 |
| | | | | LIABILITIES AND EQUITY | | | | Insurance reserves | $ | 1,827.1 |
| | $ | 1,856.0 |
| Debt | 6,285.4 |
| | 6,310.5 |
| Accounts payable and other current liabilities | 854.1 |
| | 1,095.6 |
| Employee benefit obligations | 84.7 |
| | 92.9 |
| Deferred tax liabilities | 905.0 |
| | 574.5 |
| Other liabilities | 72.7 |
| | 95.5 |
| Liabilities of business held for sale | 23,630.8 |
| | 23,420.9 |
| Total liabilities | 33,659.8 |
| | 33,445.9 |
| | | | | Commitments and contingencies | | | | | | | | HRG Group, Inc. shareholders' equity: | | | | Common stock | 2.0 |
| | 2.0 |
| Additional paid-in capital | 1,430.3 |
| | 1,458.5 |
| Accumulated deficit | (867.0 | ) | | (833.1 | ) | Accumulated other comprehensive loss | (174.3 | ) | | (40.7 | ) | Total HRG Group, Inc. shareholders' equity | 391.0 |
| | 586.7 |
| Noncontrolling interest | 982.0 |
| | 1,001.4 |
| Total shareholders' equity | 1,373.0 |
| | 1,588.1 |
| Total liabilities and equity | $ | 35,032.8 |
| | $ | 35,034.0 |
|
See accompanying notes to condensed consolidated financial statements.
|