HGI FUNDING, LLC STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (In thousands)
| | | | | | | | | | | | | | | | Year ended September 30, | | | 2016 | | 2015 | | 2014 | Investment income: | | | | | | | Dividend and interest income: | | | | | | | Non-affiliates | | $ | — |
| | $ | 60 |
| | $ | 2,411 |
| Affiliate | | 9,644 |
| | 5,382 |
| | 3,622 |
| Gross investment income | | 9,644 |
| | 5,442 |
| | 6,033 |
| Investment fees | | — |
| | — |
| | 90 |
| Net investment income | | 9,644 |
| | 5,442 |
| | 5,943 |
| Realized and unrealized gains and losses on investments: | | | | | | | Net realized gains (losses) on sale of investments | | 101,892 |
| | (44,509 | ) | | 3,686 |
| Net change in unrealized gains (losses) on investment in affiliate | | 212,131 |
| | (65 | ) | | 78,166 |
| Net change in unrealized (losses) gains on investment in non-affiliates | | (14,082 | ) | | 54,407 |
| | (11,060 | ) | Net realized and unrealized foreign exchange gains | | — |
| | — |
| | 54 |
| Net recognized gains on investments | | 299,941 |
| | 9,833 |
| | 70,846 |
| General and administrative expenses | | 615 |
| | 1,116 |
| | 325 |
| Other income | | — |
| | — |
| | 300 |
| Income before income taxes | | 308,970 |
| | 14,159 |
| | 76,764 |
| Income tax expense (Note 6) | | — |
| | — |
| | — |
| Net income | | 308,970 |
| | 14,159 |
| | 76,764 |
| Other comprehensive income | | — |
| | — |
| | — |
| Total comprehensive income | | $ | 308,970 |
| | $ | 14,159 |
| | $ | 76,764 |
|
See accompanying notes to financial statements.
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