|
| | | | | | | | | | | | | | | |
| Fiscal Quarter | | Fiscal |
| 2016 | | 2015 | | 2016 | | 2015 |
| (Unaudited) | | | | |
Revenues: | | | | | | | |
Net consumer and other product sales | $ | 1,249.7 |
| | $ | 1,308.1 |
| | $ | 5,039.7 |
| | $ | 4,733.1 |
|
Net investment income | 14.9 |
| | 19.2 |
| | 67.0 |
| | 84.3 |
|
Net investment gains (losses) | 42.5 |
| | (47.0 | ) | | 101.1 |
| | (114.0 | ) |
Insurance and investment product fees and other | 1.5 |
| | 1.2 |
| | 7.6 |
| | 6.3 |
|
Total revenues | 1,308.6 |
| | 1,281.5 |
| | 5,215.4 |
| | 4,709.7 |
|
Operating costs and expenses: | | | | | | | |
Cost of consumer products and other goods sold | 764.0 |
| | 840.6 |
| | 3,119.8 |
| | 3,050.9 |
|
Oil and natural gas direct operating costs | — |
| | — |
| | — |
| | — |
|
Benefits and other changes in policy reserves | 35.9 |
| | 38.6 |
| | 103.0 |
| | 70.6 |
|
Selling, acquisition, operating and general expenses | 316.4 |
| | 320.9 |
| | 1,243.6 |
| | 1,301.3 |
|
Impairments and bad debt expense | 13.8 |
| | 15.6 |
| | 27.1 |
| | 153.3 |
|
Amortization of intangibles | 23.4 |
| | 23.8 |
| | 93.9 |
| | 87.8 |
|
Total operating costs and expenses | 1,153.5 |
| | 1,239.5 |
| | 4,587.4 |
| | 4,663.9 |
|
Operating income | 155.1 |
| | 42.0 |
| | 628.0 |
| | 45.8 |
|
Interest expense | (110.6 | ) | | (102.3 | ) | | (397.1 | ) | | (401.6 | ) |
Gain on deconsolidation of subsidiary | — |
| | — |
| | — |
| | 38.5 |
|
Other income (expense), net | 2.4 |
| | (18.3 | ) | | 1.0 |
| | 10.2 |
|
Income (loss) from continuing operations before income taxes | 46.9 |
| | (78.6 | ) | | 231.9 |
| | (307.1 | ) |
Income tax expense (benefit) | 56.5 |
| | 16.4 |
| | 41.5 |
| | (16.2 | ) |
Net income (loss) from continuing operations | (9.6 | ) | | (95.0 | ) | | 190.4 |
| | (290.9 | ) |
(Loss) income from discontinued operations, net of tax | 45.8 |
| | (32.1 | ) | | (224.3 | ) | | (221.5 | ) |
Net (loss) income | 36.2 |
| | (127.1 | ) | | (33.9 | ) | | (512.4 | ) |
Less: Net income attributable to noncontrolling interest | 43.5 |
| | 16.0 |
| | 164.9 |
| | 44.4 |
|
Net loss attributable to controlling interest | $ | (7.3 | ) | | $ | (143.1 | ) | | $ | (198.8 | ) | | $ | (556.8 | ) |
| | | | | | | |
Amounts attributable to controlling interest: | | | | | | | |
Net income (loss) from continuing operations | $ | (47.1 | ) | | $ | (105.2 | ) | | $ | 44.6 |
| | $ | (313.3 | ) |
Net (loss) income from discontinued operations | 39.8 |
| | (37.9 | ) | | (243.4 | ) | | (243.5 | ) |
Net loss attributable to controlling interest | $ | (7.3 | ) | | $ | (143.1 | ) | | $ | (198.8 | ) | | $ | (556.8 | ) |
| | | | | | | |
Net loss per common share attributable to controlling interest: | | | | | | | |
Basic income (loss) from continuing operations | $ | (0.24 | ) | | $ | (0.53 | ) | | $ | 0.23 |
| | $ | (1.58 | ) |
Basic (loss) income from discontinued operations | 0.20 |
| | (0.20 | ) | | (1.23 | ) | | (1.23 | ) |
Basic | $ | (0.04 | ) | | $ | (0.73 | ) | | $ | (1.00 | ) | | $ | (2.81 | ) |
| | | | | | | |
Diluted income (loss) from continuing operations | $ | (0.24 | ) | | $ | (0.53 | ) | | $ | 0.22 |
| | $ | (1.58 | ) |
Diluted (loss) income from discontinued operations | 0.20 |
| | (0.20 | ) | | (1.21 | ) | | (1.23 | ) |
Diluted | $ | (0.04 | ) | | $ | (0.73 | ) | | $ | (0.99 | ) | | $ | (2.81 | ) |
