PART I: FINANCIAL INFORMATION
Item 1. Financial Statements HRG GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In millions)
| | | | | | | | | | December 31,
2016 | | September 30,
2016 | | (Unaudited) | |
| ASSETS | | | | Cash and cash equivalents | $ | 348.8 |
| | $ | 497.3 |
| Funds withheld receivables | 1,609.0 |
| | 1,650.4 |
| Receivables, net | 556.5 |
| | 556.3 |
| Inventories, net | 779.7 |
| | 740.6 |
| Deferred tax assets | 48.4 |
| | 42.6 |
| Property, plant and equipment, net | 569.1 |
| | 543.4 |
| Goodwill | 2,464.5 |
| | 2,478.4 |
| Intangibles, net | 2,327.9 |
| | 2,372.5 |
| Other assets | 157.2 |
| | 172.6 |
| Assets of business held for sale | 26,801.6 |
| | 26,738.7 |
| Total assets | $ | 35,662.7 |
| | $ | 35,792.8 |
| | | | | LIABILITIES AND EQUITY | | | | Insurance reserves | $ | 1,721.9 |
| | $ | 1,751.3 |
| Debt | 5,459.0 |
| | 5,430.9 |
| Accounts payable and other current liabilities | 900.4 |
| | 989.8 |
| Employee benefit obligations | 111.7 |
| | 125.4 |
| Deferred tax liabilities | 573.1 |
| | 546.0 |
| Other liabilities | 26.7 |
| | 32.0 |
| Liabilities of business held for sale | 25,200.5 |
| | 25,100.2 |
| Total liabilities | 33,993.3 |
| | 33,975.6 |
| | | | | Commitments and contingencies | | | | | | | | HRG Group, Inc. shareholders' equity: | | | | Common stock | 2.0 |
| | 2.0 |
| Additional paid-in capital | 1,388.0 |
| | 1,447.1 |
| Accumulated deficit | (819.7 | ) | | (1,031.9 | ) | Accumulated other comprehensive (loss) income | (22.2 | ) | | 220.9 |
| Total HRG Group, Inc. shareholders' equity | 548.1 |
| | 638.1 |
| Noncontrolling interest | 1,121.3 |
| | 1,179.1 |
| Total shareholders' equity | 1,669.4 |
| | 1,817.2 |
| Total liabilities and equity | $ | 35,662.7 |
| | $ | 35,792.8 |
|
See accompanying notes to condensed consolidated financial statements.
|
