Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 05/05/2017
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HRG GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions)
 
Three months ended March 31,
 
Six months ended March 31,
 
2017
 
2016
 
2017
 
2016
 
(Unaudited)
 
(Unaudited)
Net (loss) income
$
(51.4
)
 
$
15.9

 
$
209.4

 
$
22.9

 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
21.7

 
28.2

 
(24.4
)
 
7.7

Net unrealized (loss) gain on derivative instruments
 
 
 
 
 
 
 
Changes in derivative instruments before reclassification adjustment
(10.4
)
 
(5.4
)
 
32.8

 
(0.8
)
Net reclassification adjustment for gains included in net income
(3.8
)
 
(0.7
)
 
(8.6
)
 
(0.9
)
Changes in derivative instruments after reclassification adjustment
(14.2
)
 
(6.1
)
 
24.2

 
(1.7
)
Changes in deferred income tax asset/liability
4.5

 
2.4

 
(9.7
)
 
1.5

Deferred tax valuation allowance adjustments

 
0.8

 

 
1.0

Net unrealized (loss) gain on derivative instruments
(9.7
)
 
(2.9
)
 
14.5

 
0.8

Actuarial adjustments to pension plans:
 
 
 
 
 
 
 
Changes in actuarial adjustments before reclassification adjustment
(0.8
)
 
(1.3
)
 
2.4

 
(0.5
)
Net reclassification adjustment for losses included in cost of goods sold
0.8

 
0.4

 
1.6

 
0.7

Net reclassification adjustment for losses included in selling and general and administrative expenses
0.5

 
0.2

 
1.0

 
0.5

Changes in actuarial adjustments to pension plans
0.5

 
(0.7
)
 
5.0

 
0.7

Changes in deferred income tax asset/liability
0.2

 
0.1

 
(1.1
)
 
(0.2
)
Deferred tax valuation allowance adjustments
(0.1
)
 

 

 

Net actuarial adjustments to pension plans
0.6

 
(0.6
)
 
3.9

 
0.5

Unrealized investment gains (losses):
 
 
 
 
 
 
 
Changes in unrealized investment gains (losses) before reclassification adjustment
314.5

 
252.1

 
(352.5
)
 
(123.8
)
Net reclassification adjustment for (gains) losses included in net income
(1.8
)
 
(6.8
)
 
(3.9
)
 
0.3

Changes in unrealized investment gains (losses) after reclassification adjustment
312.7

 
245.3

 
(356.4
)
 
(123.5
)
Adjustments to intangible assets
(100.1
)
 
(79.2
)
 
125.2

 
56.1

Changes in deferred income tax asset/liability
(74.6
)
 
(58.1
)
 
80.1

 
22.1

Net unrealized gains (losses) on investments
138.0

 
108.0

 
(151.1
)
 
(45.3
)
Net change to derive comprehensive income (loss) for the period
150.6

 
132.7

 
(157.1
)
 
(36.3
)
Comprehensive income (loss)
99.2

 
148.6

 
52.3

 
(13.4
)
Less: Comprehensive income (loss) attributable to the noncontrolling interest:
 
 
 
 
 
 
 
Net income
30.7

 
40.6

 
79.3

 
81.5

Other comprehensive income (loss)
32.0

 
31.1

 
(31.8
)
 
(5.0
)
Comprehensive income attributable to the noncontrolling interest
62.7

 
71.7

 
47.5

 
76.5

Comprehensive income (loss) attributable to the controlling interest
$
36.5

 
$
76.9

 
$
4.8

 
$
(89.9
)
See accompanying notes to condensed consolidated financial statements.


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