Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 11/23/2016
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and amortization (“Adjusted EBITDA - Consumer Products”) increased by $152.2 million, or 19.0%, to $952.8 million versus Fiscal 2015 driven by the performance of Armored AutoGroup Parent Inc. (“AAG”), which was acquired during Fiscal 2015, coupled with higher organic sales and margins in all other product lines. Adjusted EBITDA margin represented 18.9% of sales as compared to 17.1% in Fiscal 2015.
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Our Insurance segment’s operating loss for Fiscal 2016 was $12.4 million compared to $68.7 million for Fiscal 2015. The decrease in operating loss was primarily due to credit impairment losses on intercompany investments of $11.3 million and $73.4 million in Fiscal 2016 and Fiscal 2015, respectively.
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During Fiscal 2016, we received cash dividends of approximately $63.5 million from our subsidiaries, including $50.9 million, $12.2 million and $0.4 million from Spectrum Brands, FGL and CorAmerica, respectively, which does not give effect to the net impact from interest payments made by HRG with respect to the intercompany notes issued by HGI Energy.


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