|
| | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2016 | | Consumer Products | | Insurance | | Corporate and Other | | Discontinued Operations | | Eliminations and adjustments | | Total |
Revenues: | | | | | | | | | | | | |
Net consumer and other product sales | | $ | 5,039.7 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 5,039.7 |
|
Net investment income | | — |
| | 2.4 |
| | 8.0 |
| | — |
| | 56.6 |
| | 67.0 |
|
Net investment gains (losses) | | — |
| | 148.0 |
| | — |
| | — |
| | (46.9 | ) | | 101.1 |
|
Insurance and investment product fees and other | | — |
| | — |
| | 0.9 |
| | — |
| | 6.7 |
| | 7.6 |
|
Total revenues | | 5,039.7 |
| | 150.4 |
| | 8.9 |
| | — |
| | 16.4 |
| | 5,215.4 |
|
Operating costs and expenses: | | | | | | | | | | | | |
Cost of consumer products and other goods sold | | 3,119.8 |
| | — |
| | — |
| | — |
| | — |
| | 3,119.8 |
|
Benefits and other changes in policy reserves | | — |
| | 153.2 |
| | — |
| | — |
| | (50.2 | ) | | 103.0 |
|
Selling, acquisition, operating and general expenses | | 1,165.0 |
| | 9.6 |
| | 69.4 |
| | — |
| | (0.4 | ) | | 1,243.6 |
|
Impairments and bad debt expense | | 4.7 |
| | — |
| | 23.5 |
| | — |
| | (1.1 | ) | | 27.1 |
|
Amortization of intangibles | | 93.9 |
| | — |
| | — |
| | — |
| | — |
| | 93.9 |
|
Total operating costs and expenses | | 4,383.4 |
| | 162.8 |
| | 92.9 |
| | — |
| | (51.7 | ) | | 4,587.4 |
|
Operating income | | 656.3 |
| | (12.4 | ) | | (84.0 | ) | | — |
| | 68.1 |
| | 628.0 |
|
Equity in net income of subsidiaries | | — |
| | — |
| | 43.0 |
| | — |
| | (43.0 | ) | | — |
|
Interest expense | | (250.0 | ) | | — |
| | (143.1 | ) | | — |
| | (4.0 | ) | | (397.1 | ) |
Affiliated interest expense | | — |
| | — |
| | (12.2 | ) | | — |
| | 12.2 |
| | — |
|
Other income (expense), net | | (8.6 | ) | | — |
| | 11.1 |
| | — |
| | (1.5 | ) | | 1.0 |
|
Income (loss) from continuing operations before income taxes | | 397.7 |
| | (12.4 | ) | | (185.2 | ) | | — |
| | 31.8 |
| | 231.9 |
|
Income tax expense (benefit) | | 40.0 |
| | (2.4 | ) | | 18.9 |
| | — |
| | (15.0 | ) | | 41.5 |
|
Net income (loss) from continuing operations | | 357.7 |
| | (10.0 | ) | | (204.1 | ) | | — |
| | 46.8 |
| | 190.4 |
|
(Loss) income from discontinued operations, net of tax | | — |
| | — |
| | — |
| | (224.3 | ) | | — |
| | (224.3 | ) |
Net (loss) income | | 357.7 |
| | (10.0 | ) | | (204.1 | ) | | (224.3 | ) | | 46.8 |
| | (33.9 | ) |
Less: Net income attributable to noncontrolling interest | | 151.1 |
| | — |
| | (5.3 | ) | | 19.1 |
| | — |
| | 164.9 |
|
Net loss attributable to controlling interest | | $ | 206.6 |
| | $ | (10.0 | ) | | $ | (198.8 | ) | | $ | (243.4 | ) | | $ | 46.8 |
| | $ | (198.8 | ) |
