|
| | | | | | | | | | | | | | | |
| Three months ended June 30, | | Nine months ended June 30, |
| 2016 | | 2015 | | 2016 | | 2015 |
| (Unaudited) | | (Unaudited) |
Revenues: | | | | | | | |
Net consumer and other product sales | $ | 1,361.6 |
| | $ | 1,249.7 |
| | $ | 3,790.0 |
| | $ | 3,425.0 |
|
Oil and natural gas | 9.7 |
| | 24.3 |
| | 36.0 |
| | 84.6 |
|
Net investment income | 16.3 |
| | 21.5 |
| | 53.3 |
| | 65.4 |
|
Net investment gains (losses) | 57.4 |
| | (70.2 | ) | | 64.6 |
| | (65.4 | ) |
Insurance and investment product fees and other | 2.1 |
| | 1.9 |
| | 6.2 |
| | 5.1 |
|
Total revenues | 1,447.1 |
| | 1,227.2 |
| | 3,950.1 |
| | 3,514.7 |
|
Operating costs and expenses: | | | | | | | |
Cost of consumer products and other goods sold | 830.9 |
| | 791.3 |
| | 2,355.8 |
| | 2,210.3 |
|
Oil and natural gas direct operating costs | 9.1 |
| | 22.3 |
| | 35.4 |
| | 66.1 |
|
Benefits and other changes in policy reserves | 30.5 |
| | (16.4 | ) | | 74.3 |
| | 33.9 |
|
Selling, acquisition, operating and general expenses | 328.7 |
| | 369.6 |
| | 947.8 |
| | 1,030.0 |
|
Impairments and bad debt expense | 15.7 |
| | 112.6 |
| | 106.5 |
| | 577.0 |
|
Amortization of intangibles | 23.5 |
| | 22.3 |
| | 70.5 |
| | 64.0 |
|
Total operating costs and expenses | 1,238.4 |
| | 1,301.7 |
| | 3,590.3 |
| | 3,981.3 |
|
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 | ) |
| | | | | | | |
Amounts attributable to controlling interest: | | | | | | | |
Net income (loss) from continuing operations | $ | 77.4 |
| | $ | (161.9 | ) | | $ | 78.7 |
| | $ | (522.3 | ) |
Net (loss) income from discontinued operations | (210.3 | ) | | 86.3 |
| | (270.2 | ) | | 108.6 |
|
Net loss attributable to controlling interest | $ | (132.9 | ) | | $ | (75.6 | ) | | $ | (191.5 | ) | | $ | (413.7 | ) |
| | | | | | | |
Net loss per common share attributable to controlling interest: | | | | | | | |
Basic income (loss) from continuing operations | $ | 0.39 |
| | $ | (0.82 | ) | | $ | 0.40 |
| | $ | (2.64 | ) |
Basic (loss) income from discontinued operations | (1.06 | ) | | 0.44 |
| | (1.37 | ) | | 0.55 |
|
Basic | $ | (0.67 | ) | | $ | (0.38 | ) | | $ | (0.97 | ) | | $ | (2.09 | ) |
| | | | | | | |
Diluted income (loss) from continuing operations | $ | 0.38 |
| | $ | (0.82 | ) | | $ | 0.39 |
| | $ | (2.64 | ) |
Diluted (loss) income from discontinued operations | (1.04 | ) | | 0.44 |
| | (1.34 | ) | | 0.55 |
|
Diluted | $ | (0.66 | ) | | $ | (0.38 | ) | | $ | (0.95 | ) | | $ | (2.09 | ) |
