Harbinger Group Inc.
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SEC Filings

10-Q/A
HRG GROUP, INC. filed this Form 10-Q/A on 11/07/1995
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<PAGE>
 
                              ZAPATA CORPORATION
                    CONDENSED CONSOLIDATED INCOME STATEMENT
                   (in thousands, except per share amounts)


<TABLE>
<CAPTION> 

                                   Three Months Ended       Nine Months Ended
                                         June 30,                June 30,
                                   -------------------      ------------------
                                     1995       1994          1995      1994
                                   -------     -------      -------    -------
<S>                                <C>         <C>          <C>        <C> 
Revenues                           $ 56,037   $ 86,496      $179,708   $241,924 
                                   --------   --------      --------   --------
Expenses:
  Operating                          45,877     74,214       152,823    209,215 
  Provisions for asset 
   write-downs                       12,607     18,810        12,607     18,810
  Depreciation, depletion
   and amortization                   3,641      4,475        10,775     11,969
  Selling, general and 
   administrative                     3,376      5,055        10,204     14,531
                                   --------   --------      --------   --------
                                     65,501    102,554       186,409    254,525
                                   --------   --------      --------   --------
Operating loss                       (9,464)   (16,058)       (6,701)   (12,601)
                                   --------   --------      --------   --------
Other income (expense):
  Interest income                       371        431         1,055      1,628 
  Interest expense                   (1,583)    (1,869)       (4,872)    (7,482)
  Gain on sales of Tidewater
   common stock                          --         --         4,811     37,457 
  Other                                 (92)     3,016           928     (2,859)
                                   --------   --------      --------   -------- 
                                     (1,304)     1,578         1,922     28,744 
                                   --------   --------      --------   -------- 
Income (loss) from continuing
 operations before taxes            (10,768)   (14,480)       (4,779)    16,143
                                   --------   --------      --------   -------- 
Provision for income taxes
  State                                 217        248           546        717
  Federal                            (3,843)    (5,154)       (1,862)     5,400
                                   --------   --------      --------   -------- 
                                     (3,626)    (4,906)       (1,316)     6,117
                                   --------   --------      --------   -------- 
Income (loss) from continuing
 operations                          (7,142)    (9,574)       (3,463)    10,026
Discontinued operations:
Reversal of reserve for loss on
  disposition, net of income taxes    8,897         --         8,897         --
                                   --------   --------      --------   -------- 
Net income (loss)                     1,755     (9,574)        5,434     10,026
                                   --------   --------      --------   -------- 
Preferred stock dividends                --        101            51        303
                                   --------   --------      --------   -------- 
Net income (loss) to
 common stockholders               $  1,755   $ (9,675)     $  5,383   $  9,723
                                   ========   ========      ========   ========
Per share data:
  Income (loss) from continuing
   operations                      $  (0.24)  $  (0.31)     $  (0.11)  $   0.31
  Income from discontinued
   operations                          0.30         --          0.28         --
                                   --------   --------      --------   -------- 
  Net income (loss) per share      $   0.06   $  (0.31)     $   0.17   $   0.31
                                   ========   ========      ========   ========
  Average common shares and 
   equivalents outstanding           29,824     31,671        31,120     31,708
                                   ========   ========      ========   ========
</TABLE>
 
   The accompanying notes are an integral part of the financial statements.

                                       5

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