(16) Consolidating Financial Information The following schedules present the Company’s accompanying Condensed Consolidated Balance Sheets information at March 31, 2016 and September 30, 2015, and accompanying Condensed Consolidated Statements of Operations information for the six months ended March 31, 2016 and 2015. These schedules present the individual segments of the Company and their contribution to the Condensed Consolidated Financial Statements. Amounts presented will not necessarily be the same as those in the individual financial statements of the Company’s subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests. In addition, some of the Company’s subsidiaries use a classified balance sheet which also leads to differences in amounts reported for certain line items. The Corporate and Other column primarily reflects the parent company’s investment in its subsidiaries, invested cash portfolio and corporate long term debt, and the results of FOH for the six months ended March 31, 2015. The elimination adjustments are for intercompany assets and liabilities, adjustments to align segment accounting policies with the consolidated basis, interest and dividends, the parent company’s investment in capital stocks of subsidiaries, and various reclasses of debit or credit balances to the amounts in consolidation. Purchase accounting adjustments have been pushed down to the appropriate subsidiary.
HRG Group, Inc. - Condensed Consolidating Balance Sheets Information
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2016 | | Consumer Products | | Insurance | | Energy | | Asset Management | | Corporate and Other | | Discontinued Operations | | Eliminations and adjustments | | Total | Assets: | | | | | | | | | | | | | | | | | Investments | | $ | — |
| | $ | 6.1 |
| | $ | — |
| | $ | 134.8 |
| | $ | — |
| | $ | — |
| | $ | (1.6 | ) | | $ | 139.3 |
| Investments in subsidiaries and affiliates | | — |
| | 12.0 |
| | — |
| | — |
| | 2,067.5 |
| | — |
| | (2,079.5 | ) | | — |
| Affiliated loans and receivables | | — |
| | 23.2 |
| | — |
| | 1.0 |
| | 0.3 |
| | — |
| | (24.5 | ) | | — |
| Cash and cash equivalents | | 133.3 |
| | 33.0 |
| | 8.3 |
| | 51.6 |
| | 239.4 |
| | — |
| | — |
| | 465.6 |
| Funds withheld receivables | | — |
| | 1,709.1 |
| | — |
| | — |
| | — |
| | — |
| | (29.7 | ) | | 1,679.4 |
| Receivables, net | | 635.9 |
| | 18.7 |
| | 6.6 |
| | 0.8 |
| | 0.3 |
| | — |
| | — |
| | 662.3 |
| Inventories, net | | 924.4 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 924.4 |
| Deferred tax assets | | 9.3 |
| | 23.4 |
| | — |
| | 0.1 |
| | 249.1 |
| | — |
| | 17.9 |
| | 299.8 |
| Properties, including oil and natural gas properties, net | | 528.9 |
| | — |
| | 133.7 |
| | 0.9 |
| | 1.2 |
| | — |
| | — |
| | 664.7 |
| Goodwill | | 2,483.4 |
| | — |
| | — |
| | 10.7 |
| | — |
| | — |
| | — |
| | 2,494.1 |
| Intangibles | | 2,432.4 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 2,432.4 |
| Other assets | | 115.4 |
| | 12.8 |
| | 1.4 |
| | 1.1 |
| | 1.7 |
| | — |
| | 16.7 |
| | 149.1 |
| Assets of business held for sale | | — |
| | — |
| | — |
| | — |
| | — |
| | 25,544.0 |
| | — |
| | 25,544.0 |
| Total assets | | $ | 7,263.0 |
| | $ | 1,838.3 |
| | $ | 150.0 |
| | $ | 201.0 |
| | $ | 2,559.5 |
| | $ | 25,544.0 |
| | $ | (2,100.7 | ) | | $ | 35,455.1 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Liabilities and Equity: | | | | | | | | | | | | | | | | | Insurance reserves | | $ | — |
| | $ | 1,686.5 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 138.3 |
| | $ | 1,824.8 |
| Debt | | 4,103.8 |
| | — |
| | 159.1 |
| | 43.5 |
| | 1,708.0 |
| | — |
| | 217.6 |
| | 6,232.0 |
| Accounts payable and other current liabilities | | 786.2 |
| | 6.6 |
| | 11.3 |
| | 3.7 |
| | 37.7 |
| | — |
| | 2.0 |
| | 847.5 |
| Employee benefit obligations | | 82.8 |
| | — |
| | — |
| | — |
| | 4.8 |
| | — |
| | — |
| | 87.6 |
| Deferred tax liabilities | | 563.8 |
| | — |
| | — |
| | — |
| | 340.6 |
| | — |
| | (8.8 | ) | | 895.6 |
| Other liabilities | | 22.9 |
| | 5.5 |
| | 21.9 |
| | 8.7 |
| | 3.3 |
| | — |
| | 9.3 |
| | 71.6 |
| Affiliated debt and payables | | — |
| | 0.2 |
| | 102.2 |
| | 202.8 |
| | — |
| | — |
| | (305.2 | ) | | — |
| Liabilities of business held for sale | | — |
| | — |
| | — |
| | — |
| | — |
| | 23,988.1 |
| | — |
| | 23,988.1 |
| Total liabilities | | 5,559.5 |
| | 1,698.8 |
| | 294.5 |
| | 258.7 |
| | 2,094.4 |
| | 23,988.1 |
| | 53.2 |
| | 33,947.2 |
| Total stockholders’ equity | | 959.2 |
| | 139.5 |
| | (144.3 | ) | | (60.1 | ) | | 465.1 |
| | 1,259.6 |
| | (2,153.9 | ) | | 465.1 |
| Noncontrolling interests | | 744.3 |
| | — |
| | (0.2 | ) | | 2.4 |
| | — |
| | 296.3 |
| | — |
| | 1,042.8 |
| Total permanent equity | | 1,703.5 |
| | 139.5 |
| | (144.5 | ) | | (57.7 | ) | | 465.1 |
| | 1,555.9 |
| | (2,153.9 | ) | | 1,507.9 |
| Total liabilities and equity | | $ | 7,263.0 |
| | $ | 1,838.3 |
| | $ | 150.0 |
| | $ | 201.0 |
| | $ | 2,559.5 |
| | $ | 25,544.0 |
| | $ | (2,100.7 | ) | | $ | 35,455.1 |
|
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