|
| | | | | | | | |
| | Three months ended December 31, |
| | 2016 | | 2015 |
| | (Unaudited) |
Revenues: | | | | |
Net consumer and other product sales | | $ | 1,211.8 |
| | $ | 1,218.8 |
|
Net investment income | | 10.7 |
| | 20.3 |
|
Net investment losses | | (33.8 | ) | | (32.0 | ) |
Insurance and investment product fees and other | | 0.9 |
| | 2.3 |
|
Total revenues | | 1,189.6 |
| | 1,209.4 |
|
Operating costs and expenses: | | | | |
Cost of consumer products and other goods sold | | 761.8 |
| | 778.1 |
|
Benefits and other changes in policy reserves | | (11.6 | ) | | 0.8 |
|
Selling, acquisition, operating and general expenses | | 321.7 |
| | 330.7 |
|
Total operating costs and expenses | | 1,071.9 |
| | 1,109.6 |
|
Operating income | | 117.7 |
| | 99.8 |
|
Interest expense | | (91.7 | ) | | (95.2 | ) |
Other income (expense), net | | 1.4 |
| | (0.7 | ) |
Income from continuing operations before income taxes | | 27.4 |
| | 3.9 |
|
Income tax expense (benefit) | | 25.4 |
| | (5.6 | ) |
Net income from continuing operations | | 2.0 |
| | 9.5 |
|
Income (loss) from discontinued operations, net of tax | | 258.8 |
| | (2.5 | ) |
Net income | | 260.8 |
| | 7.0 |
|
Less: Net income attributable to noncontrolling interest | | 48.6 |
| | 40.9 |
|
Net income (loss) attributable to controlling interest | | $ | 212.2 |
| | $ | (33.9 | ) |
| | | | |
Amounts attributable to controlling interest: | | | | |
Net loss from continuing operations | | $ | (25.5 | ) | | $ | (21.8 | ) |
Net income (loss) from discontinued operations | | 237.7 |
| | (12.1 | ) |
Net income (loss) attributable to controlling interest | | $ | 212.2 |
| | $ | (33.9 | ) |
| | | | |
Net income (loss) per common share attributable to controlling interest: | | | | |
Basic loss from continuing operations | | $ | (0.13 | ) | | $ | (0.11 | ) |
Basic income (loss) from discontinued operations | | 1.19 |
| | (0.06 | ) |
Basic | | $ | 1.06 |
| | $ | (0.17 | ) |
| | | | |
Diluted loss from continuing operations | | $ | (0.13 | ) | | $ | (0.11 | ) |
Diluted income (loss) from discontinued operations | | 1.19 |
| | (0.06 | ) |
Diluted | | $ | 1.06 |
| | $ | (0.17 | ) |
