HRG GROUP, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
| | | | | | | | | | | | | | (As of June 30, 2016, in millions) | Historical Condensed Consolidated | | Pro Forma Adjustments | | | Pro Forma Condensed Consolidated | ASSETS | | | | | | | Investments | $ | 50.7 |
| | $ | — |
| | | $ | 50.7 |
| Cash and cash equivalents | 487.5 |
| | 14.4 |
| a, b | | 501.9 |
| Funds withheld receivables | 1,661.0 |
| | (46.0 | ) | c | | 1,615.0 |
| Receivables, net | 658.3 |
| | (6.3 | ) | a | | 652.0 |
| Inventories, net | 842.3 |
| | — |
| | | 842.3 |
| Deferred tax assets | 279.3 |
| | — |
| | | 279.3 |
| Properties, including oil and natural gas properties, net | 639.1 |
| | (114.1 | ) | a | | 525.0 |
| Goodwill | 2,479.7 |
| | — |
| | | 2,479.7 |
| Intangibles | 2,399.6 |
| | — |
| | | 2,399.6 |
| Other assets | 148.4 |
| | (1.1 | ) | a | | 147.3 |
| Assets of business held for sale | 26,164.9 |
| | (4.0 | ) | c | | 26,160.9 |
| Total assets | $ | 35,810.8 |
| | $ | (157.1 | ) | | | $ | 35,653.7 |
| | | | | | | | LIABILITIES AND EQUITY | | | | | | | Insurance reserves | $ | 1,752.1 |
| | $ | — |
| | | $ | 1,752.1 |
| Debt | 5,944.5 |
| | (173.4 | ) | a, c | | 5,771.1 |
| Accounts payable and other current liabilities | 902.4 |
| | (15.2 | ) | a | | 887.2 |
| Employee benefit obligations | 87.5 |
| | — |
| | | 87.5 |
| Deferred tax liabilities | 815.3 |
| | (5.5 | ) | l | | 809.8 |
| Other liabilities | 64.3 |
| | (22.3 | ) | a | | 42.0 |
| Liabilities of business held for sale | 24,556.1 |
| | — |
| | | 24,556.1 |
| Total liabilities | 34,122.2 |
| | (216.4 | ) | | | 33,905.8 |
| | | | | | | | Commitments and contingencies | | | | | | | | | | | | | | HRG Group, Inc. shareholders' equity: | | | | | | | Common stock, $0.01 par; 500,000.0 thousand shares authorized; 200,690.6 thousand shares issued and outstanding at June 30, 2016. | 2.0 |
| | — |
| | | 2.0 |
| Additional paid-in capital | 1,447.1 |
| | — |
| | | 1,447.1 |
| Accumulated deficit | (1,024.6 | ) | | 59.3 |
| d | | (965.3 | ) | Accumulated other comprehensive income | 130.9 |
| | — |
| | | 130.9 |
| Total HRG Group, Inc. shareholders' equity | 555.4 |
| | 59.3 |
| | | 614.7 |
| Noncontrolling interest | 1,133.2 |
| | — |
| | | 1,133.2 |
| Total shareholders' equity | 1,688.6 |
| | 59.3 |
| | | 1,747.9 |
| Total liabilities and equity | $ | 35,810.8 |
| | $ | (157.1 | ) | | | $ | 35,653.7 |
|
See accompanying notes to unaudited pro forma condensed consolidated financial statements.
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