Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 02/05/2016
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HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
Three months ended December 31, 2015
 
Consumer Products
 
Insurance
 
Energy
 
Asset Management
 
Corporate and Other
 
Discontinued Operations
 
Eliminations and adjustments
 
 Total
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net consumer and other product sales
 
$
1,218.8

 
$

 
$

 
$

 
$

 
$

 
$

 
$
1,218.8

Oil and natural gas
 

 

 
16.8

 

 

 

 

 
16.8

Net investment income
 

 
0.9

 

 
5.1

 

 

 
14.3

 
20.3

Net investment losses
 

 
(11.7
)
 

 

 

 

 
(20.3
)
 
(32.0
)
Insurance and investment product fees and other
 

 
0.8

 

 
0.9

 

 

 
0.6

 
2.3

Total revenues
 
1,218.8

 
(10.0
)
 
16.8

 
6.0

 

 

 
(5.4
)
 
1,226.2

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of consumer products and other goods sold
 
778.1

 

 

 

 

 

 

 
778.1

Oil and natural gas direct operating costs
 

 

 
17.1

 

 

 

 

 
17.1

Benefits and other changes in policy reserves
 

 
(12.4
)
 

 

 

 

 
13.2

 
0.8

Selling, acquisition, operating and general expenses
 
274.6

 
2.4

 
9.8

 
6.7

 
14.6

 

 

 
308.1

Impairments and bad debt expense
 

 

 
54.4

 
8.4

 

 

 
0.4

 
63.2

Amortization of intangibles
 
23.6

 

 

 

 

 

 

 
23.6

Total operating costs and expenses
 
1,076.3

 
(10.0
)
 
81.3

 
15.1

 
14.6

 

 
13.6

 
1,190.9

Operating income (loss)
 
142.5

 

 
(64.5
)
 
(9.1
)
 
(14.6
)
 

 
(19.0
)
 
35.3

Equity in net (loss) income of subsidiaries
 

 
(12.3
)
 

 

 
13.5

 

 
(1.2
)
 

Interest expense
 
(58.4
)
 

 
(2.3
)
 

 
(35.7
)
 

 
(1.1
)
 
(97.5
)
Affiliated interest expense
 

 

 
(2.3
)
 
(3.1
)
 

 

 
5.4

 

Gain on sale of oil and gas properties
 

 

 
105.6

 

 

 

 

 
105.6

Other income, net
 
(3.5
)
 

 
1.8

 
0.1

 
2.9

 

 
(0.2
)
 
1.1

Income (loss) from continuing operations before income taxes
 
80.6

 
(12.3
)
 
38.3

 
(12.1
)
 
(33.9
)
 

 
(16.1
)
 
44.5

Income tax expense
 
6.9

 
(1.3
)
 

 

 

 

 
(3.7
)
 
1.9

Net income (loss) from continuing operations
 
73.7

 
(11.0
)
 
38.3

 
(12.1
)
 
(33.9
)
 

 
(12.4
)
 
42.6

(Loss) income from discontinued operations, net of tax
 

 

 

 

 

 
(35.6
)
 

 
(35.6
)
Net income (loss)
 
73.7

 
(11.0
)
 
38.3

 
(12.1
)
 
(33.9
)
 
(35.6
)
 
(12.4
)
 
7.0

Less: Net income attributable to noncontrolling interest
 
31.1

 

 
0.2

 
0.2

 

 
9.4

 

 
40.9

Net loss attributable to controlling interest
 
$
42.6

 
$
(11.0
)
 
$
38.1

 
$
(12.3
)
 
$
(33.9
)
 
$
(45.0
)
 
$
(12.4
)
 
$
(33.9
)

37

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