HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
| | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended December 31, 2016 | | Consumer Products | | Insurance | | Corporate and Other | | Discontinued Operations | | Eliminations and adjustments | | Total | Revenues: | | | | | | | | | | | | | Net consumer and other product sales | | $ | 1,211.8 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,211.8 |
| Net investment income | | — |
| | — |
| | 0.3 |
| | — |
| | 10.4 |
| | 10.7 |
| Net investment losses | | — |
| | (28.7 | ) | | — |
| | — |
| | (5.1 | ) | | (33.8 | ) | Insurance and investment product fees and other | | — |
| | — |
| | — |
| | — |
| | 0.9 |
| | 0.9 |
| Total revenues | | 1,211.8 |
| | (28.7 | ) | | 0.3 |
| | — |
| | 6.2 |
| | 1,189.6 |
| Operating costs and expenses: | | | | | | | | | | | | | Cost of consumer products and other goods sold | | 761.8 |
| | — |
| | — |
| | — |
| | — |
| | 761.8 |
| Benefits and other changes in policy reserves | | — |
| | (15.7 | ) | | — |
| | — |
| | 4.1 |
| | (11.6 | ) | Selling, acquisition, operating and general expenses | | 299.0 |
| | 2.4 |
| | 20.5 |
| | — |
| | (0.2 | ) | | 321.7 |
| Total operating costs and expenses | | 1,060.8 |
| | (13.3 | ) | | 20.5 |
| | — |
| | 3.9 |
| | 1,071.9 |
| Operating income | | 151.0 |
| | (15.4 | ) | | (20.2 | ) | | — |
| | 2.3 |
| | 117.7 |
| Equity in net income of subsidiaries | | — |
| | — |
| | 263.7 |
| | — |
| | (263.7 | ) | | — |
| Interest expense | | (55.8 | ) | | — |
| | (35.9 | ) | | — |
| | — |
| | (91.7 | ) | Affiliated interest expense | | — |
| | — |
| | (1.7 | ) | | — |
| | 1.7 |
| | — |
| Other income (expense), net | | 1.1 |
| | — |
| | 0.3 |
| | — |
| | — |
| | 1.4 |
| Income from continuing operations before income taxes | | 96.3 |
| | (15.4 | ) | | 206.2 |
| | — |
| | (259.7 | ) | | 27.4 |
| Income tax expense (benefit) | | 31.1 |
| | (3.8 | ) | | (6.0 | ) | | — |
| | 4.1 |
| | 25.4 |
| Net income from continuing operations | | 65.2 |
| | (11.6 | ) | | 212.2 |
| | — |
| | (263.8 | ) | | 2.0 |
| Income (loss) from discontinued operations, net of tax | | — |
| | — |
| | — |
| | 258.8 |
| | — |
| | 258.8 |
| Net income | | 65.2 |
| | (11.6 | ) | | 212.2 |
| | 258.8 |
| | (263.8 | ) | | 260.8 |
| Less: Net income attributable to noncontrolling interest | | 27.5 |
| | — |
| | — |
| | 21.1 |
| | — |
| | 48.6 |
| Net income (loss) attributable to controlling interest | | $ | 37.7 |
| | $ | (11.6 | ) | | $ | 212.2 |
| | $ | 237.7 |
| | $ | (263.8 | ) | | $ | 212.2 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended December 31, 2015 | | Consumer Products | | Insurance | | Corporate and Other | | Discontinued Operations | | Eliminations and adjustments | | Total | Revenues: | | | | | | | | | | | | | Net consumer and other product sales | | $ | 1,218.8 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,218.8 |
| Net investment income | | — |
| | 0.9 |
| | 5.1 |
| | — |
| | 14.3 |
| | 20.3 |
| Net investment losses | | — |
| | (11.7 | ) | | — |
| | — |
| | (20.3 | ) | | (32.0 | ) | Insurance and investment product fees and other | | — |
| | 0.8 |
| | 0.9 |
| | — |
| | 0.6 |
| | 2.3 |
| Total revenues | | 1,218.8 |
| | (10.0 | ) | | 6.0 |
| | — |
| | (5.4 | ) | | 1,209.4 |
| Operating costs and expenses: | | | | | | | | | | | | | Cost of consumer products and other goods sold | | 778.1 |
| | — |
| | — |
| | — |
| | — |
| | 778.1 |
| Benefits and other changes in policy reserves | | — |
| | (12.4 | ) | | — |
| | — |
| | 13.2 |
| | 0.8 |
| Selling, acquisition, operating and general expenses | | 298.2 |
| | 2.4 |
| | 29.7 |
| | — |
| | 0.4 |
| | 330.7 |
| Total operating costs and expenses | | 1,076.3 |
| | (10.0 | ) | | 29.7 |
| | — |
| | 13.6 |
| | 1,109.6 |
| Operating income | | 142.5 |
| | — |
| | (23.7 | ) | | — |
| | (19.0 | ) | | 99.8 |
| Equity in net income of subsidiaries | | — |
| | — |
| | 20.6 |
| | — |
| | (20.6 | ) | | — |
| Interest expense | | (58.4 | ) | | — |
| | (35.7 | ) | | — |
| | (1.1 | ) | | (95.2 | ) | Affiliated interest expense | | — |
| | — |
| | (5.4 | ) | | — |
| | 5.4 |
| | — |
| Other income (expense), net | | (3.5 | ) | | — |
| | 3.0 |
| | — |
| | (0.2 | ) | | (0.7 | ) | Income from continuing operations before income taxes | | 80.6 |
| | — |
| | (41.2 | ) | | — |
| | (35.5 | ) | | 3.9 |
| Income tax expense (benefit) | | 6.9 |
| | (1.3 | ) | | (7.5 | ) | | — |
| | (3.7 | ) | | (5.6 | ) | Net income from continuing operations | | 73.7 |
| | 1.3 |
| | (33.7 | ) | | — |
| | (31.8 | ) | | 9.5 |
| Income (loss) from discontinued operations, net of tax | | — |
| | — |
| | — |
| | (2.5 | ) | | — |
| | (2.5 | ) | Net income | | 73.7 |
| | 1.3 |
| | (33.7 | ) | | (2.5 | ) | | (31.8 | ) | | 7.0 |
| Less: Net income attributable to noncontrolling interest | | 31.1 |
| | — |
| | 0.2 |
| | 9.6 |
| | — |
| | 40.9 |
| Net income (loss) attributable to controlling interest | | $ | 42.6 |
| | $ | 1.3 |
| | $ | (33.9 | ) | | $ | (12.1 | ) | | $ | (31.8 | ) | | $ | (33.9 | ) |
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