HRG GROUP, INC. AND SUBSIDIARIES
ADJUSTED EBITDA AND ORGANIC NET SALES RECONCILIATIONS
(In millions)
Adjusted EBITDA — Consumer Products
The table below shows the adjustments made to the reported net income of the Consumer Products segment to calculate its Adjusted EBITDA (unaudited):
|
| | | | | | | | |
| | Fiscal Quarter |
Reconciliation to reported net income: | | 2017 | | 2016 |
Reported net income - Consumer Products segment | | $ | 65.2 |
| | $ | 73.7 |
|
Interest expense | | 55.8 |
| | 58.4 |
|
Income tax expense | | 31.1 |
| | 6.9 |
|
Depreciation of properties | | 22.4 |
| | 23.0 |
|
Amortization of intangibles | | 23.6 |
| | 23.6 |
|
EBITDA - Consumer Products segment | | 198.1 |
| | 185.6 |
|
Stock-based compensation | | 8.8 |
| | 10.1 |
|
Acquisition and integration related charges | | 4.1 |
| | 9.9 |
|
Restructuring and related charges | | 3.2 |
| | 1.2 |
|
Other | | — |
| | 0.3 |
|
Adjusted EBITDA - Consumer Products segment | | $ | 214.2 |
| | $ | 207.1 |
|
Organic Net Sales — Consumer Products
The tables below represent a reconciliation of reported net sales to organic net sales, by product line for the Fiscal 2017 Quarter , compared to net sales for the Fiscal 2016 Quarter (unaudited):
|
| | | | | | | | | | | | | | | | | | | | | | | |
| | Net Sales | | Effect of Changes in Currency | | Organic Net Sales | | Net Sales Fiscal 2016 Quarter | | $ Variance | | % Variance |
Hardware and home improvement products | | $ | 288.8 |
| | $ | 0.2 |
| | $ | 289.0 |
| | $ | 282.7 |
| | $ | 6.3 |
| | 2.2 | % |
Consumer batteries | | 260.5 |
| | 4.5 |
| | 265.0 |
| | 252.6 |
| | 12.4 |
| | 4.9 | % |
Global pet supplies | | 194.2 |
| | 2.8 |
| | 197.0 |
| | 203.4 |
| | (6.4 | ) | | (3.1 | )% |
Small appliances | | 186.4 |
| | 7.5 |
| | 193.9 |
| | 189.9 |
| | 4.0 |
| | 2.1 | % |
Personal care products | | 162.6 |
| | 3.7 |
| | 166.3 |
| | 168.8 |
| | (2.5 | ) | | (1.5 | )% |
Global auto care | | 69.5 |
| | 0.1 |
| | 69.6 |
| | 73.7 |
| | (4.1 | ) | | (5.6 | )% |
Home and garden control products | | 49.8 |
| | — |
| | 49.8 |
| | 47.7 |
| | 2.1 |
| | 4.4 | % |
Total | | $ | 1,211.8 |
| | $ | 18.8 |
| | $ | 1,230.6 |
| | $ | 1,218.8 |
| | $ | 11.8 |
| | 1.0 | % |
