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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Nine months ended June 30, 2015
 
Consumer Products
 
Insurance
 
Energy
 
Asset Management
 
Corporate and Other
 
Discontinued Operations
 
Eliminations and adjustments
 
 Total
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net consumer and other product sales
 
$
3,382.3

 
$

 
$

 
$

 
$
42.7

 
$

 
$

 
$
3,425.0

Oil and natural gas
 

 

 
84.6

 

 

 

 

 
84.6

Net investment income
 

 
7.6

 

 
20.2

 

 

 
37.6

 
65.4

Net investment (losses) gain
 

 
(80.0
)
 

 

 

 

 
14.6

 
(65.4
)
Insurance and investment product fees and other
 

 

 

 
0.1

 

 

 
5.0

 
5.1

Total revenues
 
3,382.3

 
(72.4
)
 
84.6

 
20.3

 
42.7

 

 
57.2

 
3,514.7

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of consumer products and other goods sold
 
2,179.4

 

 

 

 
30.9

 

 

 
2,210.3

Oil and natural gas operating costs
 

 

 
66.1

 

 

 

 

 
66.1

Benefits and other changes in policy reserves
 

 
0.6

 

 

 

 

 
33.3

 
33.9

Selling, acquisition, operating and general expenses
 
799.2

 
6.3

 
49.7

 
30.8

 
141.0

 

 
3.0

 
1,030.0

Impairments and bad debt expense
 

 

 
439.4

 
72.2

 
60.2

 

 
5.2

 
577.0

Amortization of intangibles
 
64.0

 

 

 

 

 

 

 
64.0

Total operating costs and expenses
 
3,042.6

 
6.9

 
555.2

 
103.0

 
232.1

 

 
41.5

 
3,981.3

Operating income (loss)
 
339.7

 
(79.3
)
 
(470.6
)
 
(82.7
)
 
(189.4
)
 

 
15.7

 
(466.6
)
Equity in net loss of subsidiaries
 

 

 

 

 
(247.1
)
 

 
247.1

 

Interest expense
 
(206.5
)
 

 
(7.3
)
 

 
(88.5
)
 

 
(4.3
)
 
(306.6
)
Affiliated interest expense
 

 

 
(6.8
)
 
(14.8
)
 
(2.9
)
 

 
24.5

 

Gain on deconsolidation of subsidiary
 

 

 

 

 
38.5

 

 

 
38.5

Gain upon gaining control of equity method investment
 

 

 
141.2

 

 

 

 

 
141.2

Other (expense) income, net
 
(5.6
)
 

 
21.6

 
(1.4
)
 
41.5

 

 
(6.2
)
 
49.9

Income (loss) from continuing operations before income taxes
 
127.6

 
(79.3
)
 
(321.9
)
 
(98.9
)
 
(447.9
)
 

 
276.8

 
(543.6
)
Income tax expense (benefit)
 
4.8

 
(27.7
)
 

 

 
(13.2
)
 

 
3.5

 
(32.6
)
Net income (loss) from continuing operations
 
122.8

 
(51.6
)
 
(321.9
)
 
(98.9
)
 
(434.7
)
 

 
273.3

 
(511.0
)
Income from discontinued operations, net of tax
 

 

 

 

 

 
125.7

 

 
125.7

Net income (loss)
 
122.8

 
(51.6
)
 
(321.9
)
 
(98.9
)
 
(434.7
)
 
125.7

 
273.3

 
(385.3
)
Less: Net income (loss) attributable to noncontrolling interest
 
51.3

 

 
(0.8
)
 
(18.2
)
 
(21.0
)
 
17.1

 

 
28.4

Net income (loss) attributable to controlling interest
 
$
71.5

 
$
(51.6
)
 
$
(321.1
)
 
$
(80.7
)
 
$
(413.7
)
 
$
108.6

 
$
273.3

 
$
(413.7
)

42

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