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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Three months ended December 31, 2014
 
Consumer Products
 
Insurance
 
Energy
 
Asset Management
 
Corporate and Other
 
Discontinued Operations
 
Eliminations and adjustments
 
 Total
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net consumer and other product sales
 
$
1,067.8

 
$

 
$

 
$

 
$
21.0

 
$

 
$

 
$
1,088.8

Oil and natural gas
 

 

 
34.3

 

 

 

 

 
34.3

Net investment income
 

 
2.9

 

 
8.0

 

 

 
13.2

 
24.1

Net investment losses
 

 
31.6

 

 

 

 

 
(38.1
)
 
(6.5
)
Insurance and investment product fees and other
 

 

 

 

 

 

 
1.1

 
1.1

Total revenues
 
1,067.8

 
34.5

 
34.3

 
8.0

 
21.0

 

 
(23.8
)
 
1,141.8

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of consumer products and other goods sold
 
697.6

 

 

 

 
14.4

 

 

 
712.0

Oil and natural gas operating costs
 

 

 
20.5

 

 

 

 

 
20.5

Benefits and other changes in policy reserves
 

 
26.4

 

 

 

 

 
(8.6
)
 
17.8

Selling, acquisition, operating and general expenses
 
234.1

 
2.5

 
18.8

 
9.6

 
70.2

 

 
1.0

 
336.2

Impairments and bad debt expense
 

 

 
190.0

 
(0.4
)
 
60.2

 

 

 
249.8

Amortization of intangibles
 
20.5

 

 

 

 

 

 

 
20.5

Total operating costs and expenses
 
952.2

 
28.9

 
229.3

 
9.2

 
144.8

 

 
(7.6
)
 
1,356.8

Operating income (loss)
 
115.6

 
5.6

 
(195.0
)
 
(1.2
)
 
(123.8
)
 

 
(16.2
)
 
(215.0
)
Equity in net loss of subsidiaries
 

 
(2.9
)
 

 

 
(7.5
)
 

 
10.4

 

Interest expense
 
(44.4
)
 

 
(2.2
)
 

 
(28.1
)
 

 
(1.7
)
 
(76.4
)
Affiliated interest expense
 

 

 
(2.3
)
 
(1.5
)
 
(1.2
)
 

 
5.0

 

Gain upon gaining control of equity method investment
 

 

 
141.2

 

 

 

 

 
141.2

Other income, net
 
(0.7
)
 

 
18.8

 
(0.5
)
 
17.4

 

 
(2.2
)
 
32.8

Income (loss) from continuing operations before income taxes
 
70.5

 
2.7

 
(39.5
)
 
(3.2
)
 
(143.2
)
 

 
(4.7
)
 
(117.4
)
Income tax expense
 
20.5

 
2.0

 

 

 
(13.3
)
 

 
(3.2
)
 
6.0

Net income (loss) from continuing operations
 
50.0

 
0.7

 
(39.5
)
 
(3.2
)
 
(129.9
)
 

 
(1.5
)
 
(123.4
)
(Loss) income from discontinued operations, net of tax
 

 

 

 

 

 
17.0

 

 
17.0

Net income (loss)
 
50.0

 
0.7

 
(39.5
)
 
(3.2
)
 
(129.9
)
 
17.0

 
(1.5
)
 
(106.4
)
Less: Net income attributable to noncontrolling interest
 
20.8

 

 
(0.3
)
 
(0.3
)
 
(20.1
)
 
3.3

 

 
3.4

Net loss attributable to controlling interest
 
$
29.2

 
$
0.7

 
$
(39.2
)
 
$
(2.9
)
 
$
(109.8
)
 
$
13.7

 
$
(1.5
)
 
$
(109.8
)


38

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