|
| | | | | | | | |
| | Three months ended December 31, |
| | 2015 | | 2014 |
| | (Unaudited) |
Revenues: | | | | |
Net consumer and other product sales | | $ | 1,218.8 |
| | $ | 1,088.8 |
|
Oil and natural gas | | 16.8 |
| | 34.3 |
|
Net investment income | | 20.3 |
| | 24.1 |
|
Net investment losses | | (32.0 | ) | | (6.5 | ) |
Insurance and investment product fees and other | | 2.3 |
| | 1.1 |
|
Total revenues | | 1,226.2 |
| | 1,141.8 |
|
Operating costs and expenses: | | | | |
Cost of consumer products and other goods sold | | 778.1 |
| | 712.0 |
|
Oil and natural gas direct operating costs | | 17.1 |
| | 20.5 |
|
Benefits and other changes in policy reserves | | 0.8 |
| | 17.8 |
|
Selling, acquisition, operating and general expenses | | 308.1 |
| | 336.2 |
|
Impairments and bad debt expense | | 63.2 |
| | 249.8 |
|
Amortization of intangibles | | 23.6 |
| | 20.5 |
|
Total operating costs and expenses | | 1,190.9 |
| | 1,356.8 |
|
Operating income (loss) | | 35.3 |
| | (215.0 | ) |
Interest expense | | (97.5 | ) | | (76.4 | ) |
Gain on sale of oil and gas properties | | 105.6 |
| | — |
|
Gain upon gaining control of equity method investment | | — |
| | 141.2 |
|
Other income, net | | 1.1 |
| | 32.8 |
|
Income (loss) from continuing operations before income taxes | | 44.5 |
| | (117.4 | ) |
Income tax expense | | 1.9 |
| | 6.0 |
|
Net income (loss) from continuing operations | | 42.6 |
| | (123.4 | ) |
(Loss) income from discontinued operations, net of tax | | (35.6 | ) | | 17.0 |
|
Net income (loss) | | 7.0 |
| | (106.4 | ) |
Less: Net income attributable to noncontrolling interest | | 40.9 |
| | 3.4 |
|
Net loss attributable to controlling interest | | $ | (33.9 | ) | | $ | (109.8 | ) |
| | | | |
Amounts attributable to controlling interest: | | | | |
Net income (loss) from continuing operations | | $ | 11.1 |
| | $ | (123.5 | ) |
Net (loss) income from discontinued operations | | (45.0 | ) | | 13.7 |
|
Net loss attributable to controlling interest | | $ | (33.9 | ) | | $ | (109.8 | ) |
| | | | |
Net loss per common share attributable to controlling interest: | | | | |
Basic income (loss) from continuing operations | | $ | 0.06 |
| | $ | (0.63 | ) |
Basic (loss) income from discontinued operations | | (0.23 | ) | | 0.07 |
|
Basic | | $ | (0.17 | ) | | $ | (0.56 | ) |
| | | | |
Diluted income (loss) from continuing operations | | $ | 0.06 |
| | $ | (0.63 | ) |
Diluted (loss) income from discontinued operations | | (0.23 | ) | | 0.07 |
|
Diluted | | $ | (0.17 | ) | | $ | (0.56 | ) |