|
| | | | | | | | | | | | |
| | Year ended September 30, |
| | 2016 | | 2015 | | 2014 |
Revenues: | | | | | | |
Net consumer and other product sales | | $ | 5,039.7 |
| | $ | 4,733.1 |
| | $ | 4,449.2 |
|
Net investment income | | 67.0 |
| | 84.3 |
| | 90.1 |
|
Net investment gains (losses) | | 101.1 |
| | (114.0 | ) | | 89.3 |
|
Insurance and investment product fees and other | | 7.6 |
| | 6.3 |
| | 6.1 |
|
Total revenues | | 5,215.4 |
| | 4,709.7 |
| | 4,634.7 |
|
Operating costs and expenses: | | | | | | |
Cost of consumer products and other goods sold | | 3,119.8 |
| | 3,050.9 |
| | 2,875.6 |
|
Benefits and other changes in policy reserves | | 103.0 |
| | 70.6 |
| | 66.9 |
|
Selling, acquisition, operating and general expenses | | 1,243.6 |
| | 1,301.3 |
| | 1,181.0 |
|
Impairments and bad debt expense | | 27.1 |
| | 153.3 |
| | 2.1 |
|
Amortization of intangibles | | 93.9 |
| | 87.8 |
| | 81.7 |
|
Total operating costs and expenses | | 4,587.4 |
| | 4,663.9 |
| | 4,207.3 |
|
Operating income | | 628.0 |
| | 45.8 |
| | 427.4 |
|
Interest expense | | (397.1 | ) | | (401.6 | ) | | (298.8 | ) |
Loss from the change in the fair value of the equity conversion feature of preferred stock | | — |
| | — |
| | (12.7 | ) |
Gain on deconsolidation of subsidiary | | — |
| | 38.5 |
| | — |
|
Other income (expense), net | | 1.0 |
| | 10.2 |
| | (11.9 | ) |
Income (loss) from continuing operations before income taxes | | 231.9 |
| | (307.1 | ) | | 104.0 |
|
Income tax expense (benefit) | | 41.5 |
| | (16.2 | ) | | 89.6 |
|
Net income (loss) from continuing operations | | 190.4 |
| | (290.9 | ) | | 14.4 |
|
(Loss) income from discontinued operations, net of tax | | (224.3 | ) | | (221.5 | ) | | 87.3 |
|
Net (loss) income | | (33.9 | ) | | (512.4 | ) | | 101.7 |
|
Less: Net income attributable to noncontrolling interest | | 164.9 |
| | 44.4 |
| | 112.0 |
|
Net loss attributable to controlling interest | | (198.8 | ) | | (556.8 | ) | | (10.3 | ) |
Less: Preferred stock dividends, accretion and loss on conversion | | — |
| | — |
| | 73.6 |
|
Net loss attributable to common and participating preferred stockholders | | $ | (198.8 | ) | | $ | (556.8 | ) | | $ | (83.9 | ) |
| | | | | | |
Amounts attributable to controlling interest: | | | | | | |
Net income (loss) from continuing operations | | $ | 44.6 |
| | $ | (313.3 | ) | | $ | (158.3 | ) |
Net (loss) income from discontinued operations | | (243.4 | ) | | (243.5 | ) | | 74.4 |
|
Net loss attributable to controlling interest | | $ | (198.8 | ) | | $ | (556.8 | ) | | $ | (83.9 | ) |
| | | | | | |
Net loss per common share attributable to controlling interest: | | | | | | |
Basic income (loss) from continuing operations | | $ | 0.23 |
| | $ | (1.58 | ) | | $ | (0.97 | ) |
Basic (loss) income from discontinued operations | | (1.23 | ) | | (1.23 | ) | | 0.46 |
|
Basic | | $ | (1.00 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) |
| | | | | | |
Diluted income (loss) from continuing operations | | $ | 0.22 |
| | $ | (1.58 | ) | | $ | (0.97 | ) |
Diluted (loss) income from discontinued operations | | (1.21 | ) | | (1.23 | ) | | 0.46 |
|
Diluted | | $ | (0.99 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) |
