Harbinger Group Inc.
    Print Page | Close Window

SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 05/09/2016
Entire Document
 << Previous Page | Next Page >>

HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
Six months ended March 31, 2016
 
Consumer Products
 
Insurance
 
Energy
 
Asset Management
 
Corporate and Other
 
Discontinued Operations
 
Eliminations and adjustments
 
 Total
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net consumer and other product sales
 
$
2,428.4

 
$

 
$

 
$

 
$

 
$

 
$

 
$
2,428.4

Oil and natural gas
 

 

 
26.3

 

 

 

 

 
26.3

Net investment income
 

 
1.5

 

 
6.7

 

 

 
28.8

 
37.0

Net investment gains
 

 
28.1

 

 

 

 

 
(20.9
)
 
7.2

Insurance and investment product fees and other
 

 

 

 
0.9

 

 

 
3.2

 
4.1

Total revenues
 
2,428.4

 
29.6

 
26.3

 
7.6

 

 

 
11.1

 
2,503.0

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of consumer products and other goods sold
 
1,524.9

 

 

 

 

 

 

 
1,524.9

Oil and natural gas direct operating costs
 

 

 
26.3

 

 

 

 

 
26.3

Benefits and other changes in policy reserves
 

 
28.2

 

 

 

 

 
15.6

 
43.8

Selling, acquisition, operating and general expenses
 
565.5

 
3.2

 
15.6

 
10.8

 
22.8

 

 
1.2

 
619.1

Impairments and bad debt expense
 

 

 
75.6

 
15.1

 

 

 
0.1

 
90.8

Amortization of intangibles
 
47.0

 

 

 

 

 

 

 
47.0

Total operating costs and expenses
 
2,137.4

 
31.4

 
117.5

 
25.9

 
22.8

 

 
16.9

 
2,351.9

Operating income (loss)
 
291.0

 
(1.8
)
 
(91.2
)
 
(18.3
)
 
(22.8
)
 

 
(5.8
)
 
151.1

Equity in net income of subsidiaries
 

 

 

 

 
23.7

 

 
(23.7
)
 

Interest expense
 
(115.9
)
 

 
(3.7
)
 

 
(71.4
)
 

 
(2.3
)
 
(193.3
)
Affiliated interest expense
 

 

 
(4.5
)
 
(3.4
)
 
0.3

 

 
7.6

 

Gain on sale of oil and gas properties
 

 

 
105.6

 

 

 

 

 
105.6

Other income, net
 
(4.3
)
 

 
2.3

 
0.9

 
3.0

 

 
(0.3
)
 
1.6

Income (loss) from continuing operations before income taxes
 
170.8

 
(1.8
)
 
8.5

 
(20.8
)
 
(67.2
)
 

 
(24.5
)
 
65.0

Income tax expense (benefit)
 
21.8

 
(1.8
)
 

 

 
1.5

 

 
(10.7
)
 
10.8

Net income (loss) from continuing operations
 
149.0

 

 
8.5

 
(20.8
)
 
(68.7
)
 

 
(13.8
)
 
54.2

(Loss) income from discontinued operations, net of tax
 

 

 

 

 

 
(48.7
)
 

 
(48.7
)
Net (loss) income
 
149.0

 

 
8.5

 
(20.8
)
 
(68.7
)
 
(48.7
)
 
(13.8
)
 
5.5

Less: Net income (loss) attributable to noncontrolling interest
 
63.0

 

 

 

 

 
11.2

 

 
74.2

Net loss attributable to controlling interest
 
$
86.0

 
$

 
$
8.5

 
$
(20.8
)
 
$
(68.7
)
 
$
(59.9
)
 
$
(13.8
)
 
$
(68.7
)

39

 << Previous Page | Next Page >>