|
| | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2014 | | Consumer Products | | Insurance | | Corporate and Other | | Discontinued Operations | | Eliminations and adjustments | | Total |
Revenues: | | | | | | | | | | | | |
Net consumer and other product sales | | $ | 4,429.1 |
| | $ | — |
| | $ | 20.1 |
| | $ | — |
| | $ | — |
| | $ | 4,449.2 |
|
Net investment income | | — |
| | 9.3 |
| | 33.4 |
| | — |
| | 47.4 |
| | 90.1 |
|
Net investment gains (losses) | | — |
| | 135.0 |
| | — |
| | — |
| | (45.7 | ) | | 89.3 |
|
Insurance and investment product fees and other | | — |
| | — |
| | — |
| | — |
| | 6.1 |
| | 6.1 |
|
Total revenues | | 4,429.1 |
| | 144.3 |
| | 53.5 |
| | — |
| | 7.8 |
| | 4,634.7 |
|
Operating costs and expenses: | | | | | | | | | | | | |
Cost of consumer products and other goods sold | | 2,860.3 |
| | — |
| | 15.3 |
| | — |
| | — |
| | 2,875.6 |
|
Benefits and other changes in policy reserves | | — |
| | 92.8 |
| | — |
| | — |
| | (25.9 | ) | | 66.9 |
|
Selling, acquisition, operating and general expenses | | 1,005.2 |
| | 11.4 |
| | 163.0 |
| | — |
| | 1.4 |
| | 1,181.0 |
|
Impairments and bad debt expense | | — |
| | — |
| | 2.3 |
| | — |
| | (0.2 | ) | | 2.1 |
|
Amortization of intangibles | | 81.7 |
| | — |
| | — |
| | — |
| | — |
| | 81.7 |
|
Total operating costs and expenses | | 3,947.2 |
| | 104.2 |
| | 180.6 |
| | — |
| | (24.7 | ) | | 4,207.3 |
|
Operating income | | 481.9 |
| | 40.1 |
| | (127.1 | ) | | — |
| | 32.5 |
| | 427.4 |
|
Equity in net income of subsidiaries | | — |
| | — |
| | 251.6 |
| | — |
| | (251.6 | ) | | — |
|
Interest expense | | (202.1 | ) | | — |
| | (89.7 | ) | | — |
| | (7.0 | ) | | (298.8 | ) |
Affiliated interest expense | | — |
| | — |
| | (15.6 | ) | | — |
| | 15.6 |
| | — |
|
Loss from the change in the fair value of the equity conversion feature of preferred stock | | — |
| | — |
| | (12.7 | ) | | — |
| | — |
| | (12.7 | ) |
Other income (expense), net | | (6.3 | ) | | — |
| | (5.4 | ) | | — |
| | (0.2 | ) | | (11.9 | ) |
Income (loss) from continuing operations before income taxes | | 273.5 |
| | 40.1 |
| | 1.1 |
| | — |
| | (210.7 | ) | | 104.0 |
|
Income tax expense (benefit) | | 59.0 |
| | 15.7 |
| | 1.2 |
| | — |
| | 13.7 |
| | 89.6 |
|
Net income (loss) from continuing operations | | 214.5 |
| | 24.4 |
| | (0.1 | ) | | — |
| | (224.4 | ) | | 14.4 |
|
(Loss) income from discontinued operations, net of tax | | — |
| | — |
| | — |
| | 87.3 |
| | — |
| | 87.3 |
|
Net (loss) income | | 214.5 |
| | 24.4 |
| | (0.1 | ) | | 87.3 |
| | (224.4 | ) | | 101.7 |
|
Less: Net income attributable to noncontrolling interest | | 88.9 |
| | — |
| | 10.2 |
| | 12.9 |
| | — |
| | 112.0 |
|
Net loss attributable to controlling interest | | 125.6 |
| | 24.4 |
| | (10.3 | ) | | 74.4 |
| | (224.4 | ) | | (10.3 | ) |
Less: Preferred stock dividends, accretion and loss on conversion | | — |
| | — |
| | 73.6 |
| | — |
| | — |
| | 73.6 |
|
Net loss attributable to common and participating preferred stockholders | | $ | 125.6 |
| | $ | 24.4 |
| | $ | (83.9 | ) | | $ | 74.4 |
| | $ | (224.4 | ) | | $ | (83.9 | ) |
