PART I: FINANCIAL INFORMATION
Item 1. Financial Statements HRG GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In millions)
| | | | | | | | | | March 31,
2016 | | September 30,
2015 | | (Unaudited) | | (As Adjusted) | ASSETS | | | | Investments | $ | 139.3 |
| | $ | 278.9 |
| Cash and cash equivalents | 465.6 |
| | 695.2 |
| Funds withheld receivables | 1,679.4 |
| | 1,710.1 |
| Receivables, net | 662.3 |
| | 632.9 |
| Inventories, net | 924.4 |
| | 780.8 |
| Deferred tax assets | 299.8 |
| | 51.2 |
| Properties, including oil and natural gas properties, net | 664.7 |
| | 798.4 |
| Goodwill | 2,494.1 |
| | 2,487.4 |
| Intangibles | 2,432.4 |
| | 2,480.3 |
| Other assets | 149.1 |
| | 134.3 |
| Assets of business held for sale | 25,544.0 |
| | 24,984.5 |
| Total assets | $ | 35,455.1 |
| | $ | 35,034.0 |
| | | | | LIABILITIES AND EQUITY | | | | Insurance reserves | $ | 1,824.8 |
| | $ | 1,856.0 |
| Debt | 6,232.0 |
| | 6,310.5 |
| Accounts payable and other current liabilities | 847.5 |
| | 1,095.6 |
| Employee benefit obligations | 87.6 |
| | 92.9 |
| Deferred tax liabilities | 895.6 |
| | 574.5 |
| Other liabilities | 71.6 |
| | 95.5 |
| Liabilities of business held for sale | 23,988.1 |
| | 23,420.9 |
| Total liabilities | 33,947.2 |
| | 33,445.9 |
| | | | | Commitments and contingencies | | | | | | | | HRG Group, Inc. shareholders' equity: | | | | Common stock | 2.0 |
| | 2.0 |
| Additional paid-in capital | 1,437.7 |
| | 1,458.5 |
| Accumulated deficit | (901.8 | ) | | (833.1 | ) | Accumulated other comprehensive loss | (72.8 | ) | | (40.7 | ) | Total HRG Group, Inc. shareholders' equity | 465.1 |
| | 586.7 |
| Noncontrolling interest | 1,042.8 |
| | 1,001.4 |
| Total shareholders' equity | 1,507.9 |
| | 1,588.1 |
| Total liabilities and equity | $ | 35,455.1 |
| | $ | 35,034.0 |
|
See accompanying notes to condensed consolidated financial statements.
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