Harbinger Group Inc.
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SEC Filings

8-K
HRG GROUP, INC. filed this Form 8-K on 08/09/2016
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Adjusted EBITDA — Energy
The table below shows the adjustments made to the reported net income (loss) of the Energy segment to calculate its Adjusted EBITDA (unaudited):
 
 
Fiscal Quarter
 
Fiscal Nine Months
Reconciliation to reported net loss
 
2016
 
2015
 
2016
 
2015
Reported net loss - Energy Segment
 
$
(28.2
)
 
$
(121.9
)
 
$
(19.7
)
 
$
(321.9
)
Interest expense
 
3.9

 
5.2

 
12.1

 
14.1

Depreciation, amortization and depletion
 
3.1

 
9.7

 
13.2

 
35.7

EBITDA - Energy segment
 
(21.2
)
 
(107.0
)
 
5.6

 
(272.1
)
Accretion of discount on asset retirement obligations
 
0.4

 
0.8

 
1.4

 
2.1

Impairments and bad debt expense
 
17.6

 
102.8

 
93.2

 
439.4

Gain on sale of oil and gas properties
 

 

 
(105.6
)
 

Gain on remeasurement of investment to fair value
 

 

 

 
(141.2
)
Non-recurring other operating items
 
1.2

 
0.3

 
2.7

 
2.6

Loss (gain) on derivative financial instruments
 
2.2

 
2.7

 
(0.3
)
 
(21.3
)
Cash settlements on derivative financial instruments
 
0.5

 
6.2

 
9.5

 
14.1

Stock based compensation expense
 

 

 

 
0.6

Adjusted EBITDA - Energy segment
 
$
0.7

 
$
5.8

 
$
6.5

 
$
24.2



12
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