Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 08/09/2016
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HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
Nine months ended June 30, 2016
 
Consumer Products
 
Insurance
 
Energy
 
Asset Management
 
Corporate and Other
 
Discontinued Operations
 
Eliminations and adjustments
 
 Total
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net consumer and other product sales
 
$
3,790.0

 
$

 
$

 
$

 
$

 
$

 
$

 
$
3,790.0

Oil and natural gas
 

 

 
36.0

 

 

 

 

 
36.0

Net investment income
 

 
2.1

 

 
7.9

 

 

 
43.3

 
53.3

Net investment gains (losses)
 

 
97.7

 

 

 

 

 
(33.1
)
 
64.6

Insurance and investment product fees and other
 

 

 

 
0.9

 

 

 
5.3

 
6.2

Total revenues
 
3,790.0

 
99.8

 
36.0

 
8.8

 

 

 
15.5

 
3,950.1

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of consumer products and other goods sold
 
2,355.8

 

 

 

 

 

 

 
2,355.8

Oil and natural gas direct operating costs
 

 

 
35.4

 

 

 

 

 
35.4

Benefits and other changes in policy reserves
 

 
93.4

 

 

 

 

 
(19.1
)
 
74.3

Selling, acquisition, operating and general expenses
 
865.9

 
4.6

 
20.6

 
14.6

 
39.8

 

 
2.3

 
947.8

Impairments and bad debt expense
 

 

 
93.2

 
14.2

 

 

 
(0.9
)
 
106.5

Amortization of intangibles
 
70.5

 

 

 

 

 

 

 
70.5

Total operating costs and expenses
 
3,292.2

 
98.0

 
149.2

 
28.8

 
39.8

 

 
(17.7
)
 
3,590.3

Operating income (loss)
 
497.8

 
1.8

 
(113.2
)
 
(20.0
)
 
(39.8
)
 

 
33.2

 
359.8

Equity in net income of subsidiaries
 

 

 

 

 
(61.0
)
 

 
61.0

 

Interest expense
 
(175.8
)
 

 
(5.3
)
 

 
(107.2
)
 

 
(3.4
)
 
(291.7
)
Affiliated interest expense
 

 

 
(6.8
)
 
(3.1
)
 
0.5

 

 
9.4

 

Gain on sale of oil and gas properties
 

 

 
105.6

 

 

 

 

 
105.6

Other (expense) income, net
 
(6.5
)
 

 

 
0.6

 
3.8

 

 
0.4

 
(1.7
)
Income (loss) from continuing operations before income taxes
 
315.5

 
1.8

 
(19.7
)
 
(22.5
)
 
(203.7
)
 

 
100.6

 
172.0

Income tax expense (benefit)
 
46.9

 
5.1

 

 
0.2

 
(12.2
)
 

 
(55.0
)
 
(15.0
)
Net income (loss) from continuing operations
 
268.6

 
(3.3
)
 
(19.7
)
 
(22.7
)
 
(191.5
)
 

 
155.6

 
187.0

(Loss) income from discontinued operations, net of tax
 

 

 

 

 

 
(257.1
)
 

 
(257.1
)
Net income (loss)
 
268.6

 
(3.3
)
 
(19.7
)
 
(22.7
)
 
(191.5
)
 
(257.1
)
 
155.6

 
(70.1
)
Less: Net income (loss) attributable to noncontrolling interest
 
113.5

 

 

 
(5.2
)
 

 
13.1

 

 
121.4

Net income (loss) attributable to controlling interest
 
$
155.1

 
$
(3.3
)
 
$
(19.7
)
 
$
(17.5
)
 
$
(191.5
)
 
$
(270.2
)
 
$
155.6

 
$
(191.5
)

41

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