|
| | | | | | | | | | | | | | | |
| Three months ended March 31, | | Six months ended March 31, |
| 2016 | | 2015 | | 2016 | | 2015 |
| (Unaudited) | | (Unaudited) |
Revenues: | | | | | | | |
Net consumer and other product sales | $ | 1,209.6 |
| | $ | 1,086.5 |
| | $ | 2,428.4 |
| | $ | 2,175.3 |
|
Oil and natural gas | 9.5 |
| | 26.0 |
| | 26.3 |
| | 60.3 |
|
Net investment income | 15.5 |
| | 19.5 |
| | 37.0 |
| | 43.9 |
|
Net investment gains | 33.1 |
| | 9.7 |
| | 7.2 |
| | 4.8 |
|
Insurance and investment product fees and other | 1.8 |
| | 2.1 |
| | 4.1 |
| | 3.2 |
|
Total revenues | 1,269.5 |
| | 1,143.8 |
| | 2,503.0 |
| | 2,287.5 |
|
Operating costs and expenses: | | | | | | | |
Cost of consumer products and other goods sold | 746.8 |
| | 707.0 |
| | 1,524.9 |
| | 1,419.0 |
|
Oil and natural gas direct operating costs | 9.2 |
| | 23.3 |
| | 26.3 |
| | 43.8 |
|
Benefits and other changes in policy reserves | 35.7 |
| | 30.6 |
| | 43.8 |
| | 50.3 |
|
Selling, acquisition, operating and general expenses | 311.0 |
| | 324.2 |
| | 619.1 |
| | 660.4 |
|
Impairments and bad debt expense | 27.6 |
| | 214.6 |
| | 90.8 |
| | 464.4 |
|
Amortization of intangibles | 23.4 |
| | 21.2 |
| | 47.0 |
| | 41.7 |
|
Total operating costs and expenses | 1,153.7 |
| | 1,320.9 |
| | 2,351.9 |
| | 2,679.6 |
|
Operating income (loss) | 115.8 |
| | (177.1 | ) | | 151.1 |
| | (392.1 | ) |
Interest expense | (95.8 | ) | | (81.1 | ) | | (193.3 | ) | | (157.5 | ) |
Gain on sale of oil and gas properties | | | | | 105.6 |
| | — |
|
Gain upon gaining control of equity method investment | — |
| | — |
| | — |
| | 141.2 |
|
Other income, net | 0.5 |
| | 14.1 |
| | 1.6 |
| | 46.9 |
|
Income (loss) from continuing operations before income taxes | 20.5 |
| | (244.1 | ) | | 65.0 |
| | (361.5 | ) |
Income tax expense (benefit) | 8.9 |
| | (0.8 | ) | | 10.8 |
| | 5.2 |
|
Net income (loss) from continuing operations | 11.6 |
| | (243.3 | ) | | 54.2 |
| | (366.7 | ) |
(Loss) income from discontinued operations, net of tax | (13.1 | ) | | 5.8 |
| | (48.7 | ) | | 22.8 |
|
Net (loss) income | (1.5 | ) | | (237.5 | ) | | 5.5 |
| | (343.9 | ) |
Less: Net income (loss) attributable to noncontrolling interest | 33.3 |
| | (9.2 | ) | | 74.2 |
| | (5.8 | ) |
Net loss attributable to controlling interest | $ | (34.8 | ) | | $ | (228.3 | ) | | $ | (68.7 | ) | | $ | (338.1 | ) |
| | | | | | | |
Amounts attributable to controlling interest: | | | | | | | |
Net loss from continuing operations | $ | 45.0 |
| | $ | (123.5 | ) | | $ | (8.8 | ) | | $ | (360.4 | ) |
Net (loss) income from discontinued operations | (45.0 | ) | | 13.7 |
| | (59.9 | ) | | 22.3 |
|
Net loss attributable to controlling interest | $ | (34.8 | ) | | $ | (228.3 | ) | | $ | (68.7 | ) | | $ | (338.1 | ) |
| | | | | | | |
Net loss per common share attributable to controlling interest: | | | | | | | |
Basic loss from continuing operation | $ | (0.10 | ) | | $ | (1.20 | ) | | $ | (0.05 | ) | | $ | (1.82 | ) |
Basic (loss) income from discontinued operations | (0.08 | ) | | 0.04 |
| | (0.30 | ) | | 0.11 |
|
Basic | $ | (0.18 | ) | | $ | (1.16 | ) | | $ | (0.35 | ) | | $ | (1.71 | ) |
| | | | | | | |
Diluted loss from continuing operation | $ | (0.10 | ) | | $ | (1.20 | ) | | $ | (0.05 | ) | | $ | (1.82 | ) |
Diluted (loss) income from discontinued operations | (0.08 | ) | | 0.04 |
| | (0.30 | ) | | 0.11 |
|
Diluted | $ | (0.18 | ) | | $ | (1.16 | ) | | $ | (0.35 | ) | | $ | (1.71 | ) |