(15) Segment Data The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HRG’s management views those business activities. Accordingly, the Company currently operates its business in four reporting segments: (i) Consumer Products, (ii) Insurance, (iii) Energy and (iv) Asset Management. The following schedules present the Company’s segment information for the three and nine months ended June 30, 2016 and 2015:
| | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Nine months ended June 30, | | | 2016 | | 2015 | | 2016 | | 2015 | Revenues: | | | | | | | | | Consumer Products | | $ | 1,361.6 |
| | $ | 1,247.5 |
| | $ | 3,790.0 |
| | $ | 3,382.3 |
| Insurance | | 70.2 |
| | (68.0 | ) | | 99.8 |
| | (72.4 | ) | Energy | | 9.7 |
| | 24.3 |
| | 36.0 |
| | 84.6 |
| Asset Management | | 1.2 |
| | 7.2 |
| | 8.8 |
| | 20.3 |
| Intersegment elimination | | 4.4 |
| | 14.0 |
| | 15.5 |
| | 57.2 |
| Consolidated segment revenues | | 1,447.1 |
| | 1,225.0 |
| | 3,950.1 |
| | 3,472.0 |
| Corporate and Other | | — |
| | 2.2 |
| | — |
| | 42.7 |
| Total revenues | | $ | 1,447.1 |
| | $ | 1,227.2 |
| | $ | 3,950.1 |
| | $ | 3,514.7 |
| | | | | | | | | | Operating income (loss): | | | | | | | | | Consumer Products | | $ | 206.8 |
| | $ | 135.7 |
| | $ | 497.8 |
| | $ | 339.7 |
| Insurance | | 3.6 |
| | (28.6 | ) | | 1.8 |
| | (79.3 | ) | Energy | | (22.0 | ) | | (114.3 | ) | | (113.2 | ) | | (470.6 | ) | Asset Management | | (1.7 | ) | | (14.2 | ) | | (20.0 | ) | | (82.7 | ) | Intersegment elimination | | 39.0 |
| | (12.0 | ) | | 33.2 |
| | 15.7 |
| Total segment operating income (loss) | | 225.7 |
| | (33.4 | ) | | 399.6 |
| | (277.2 | ) | Corporate and Other and eliminations | | (17.0 | ) | | (41.1 | ) | | (39.8 | ) | | (189.4 | ) | Consolidated operating income (loss) | | 208.7 |
| | (74.5 | ) | | 359.8 |
| | (466.6 | ) | Interest expense | | (98.4 | ) | | (149.1 | ) | | (291.7 | ) | | (306.6 | ) | Gain on sale of oil and gas properties | | — |
| | — |
| | 105.6 |
| | — |
| Gain on deconsolidation of subsidiary | | — |
| | 38.5 |
| | — |
| | 38.5 |
| Gain upon gaining control of equity method investment | | — |
| | — |
| | — |
| | 141.2 |
| Other (expense) income, net | | (3.3 | ) | | 3.0 |
| | (1.7 | ) | | 49.9 |
| Income (loss) from continuing operations before income taxes | | 107.0 |
| | (182.1 | ) | | 172.0 |
| | (543.6 | ) | Income tax benefit | | (8.4 | ) | | (37.8 | ) | | (15.0 | ) | | (32.6 | ) | Net income (loss) from continuing operations | | 115.4 |
| | (144.3 | ) | | 187.0 |
| | (511.0 | ) | (Loss) income from discontinued operations, net of tax | | (208.4 | ) | | 102.9 |
| | (257.1 | ) | | 125.7 |
| Net loss | | (93.0 | ) | | (41.4 | ) | | (70.1 | ) | | (385.3 | ) | Less: Net income attributable to noncontrolling interest | | 39.9 |
| | 34.2 |
| | 121.4 |
| | 28.4 |
| Net loss attributable to controlling interest | | $ | (132.9 | ) | | $ | (75.6 | ) | | $ | (191.5 | ) | | $ | (413.7 | ) |
| | | | | | | | | | Nine months ended June 30, | Net change in cash due to continuing operating activities | 2016 | | 2015 | Consumer Products | $ | 117.9 |
| | $ | (158.7 | ) | Insurance | (8.6 | ) | | (54.8 | ) | Energy | (18.2 | ) | | 9.7 |
| Asset Management | (15.3 | ) | | (7.1 | ) | Intersegment elimination | 117.7 |
| | 28.6 |
| Net change in cash due to segment operating activities | 193.5 |
| | (182.3 | ) | Net change in cash due to corporate and other operating activities | (94.6 | ) | | (87.8 | ) | Consolidated change in cash due to continuing operating activities | $ | 98.9 |
| | $ | (270.1 | ) |
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