Harbinger Group Inc.
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SEC Filings

PRER14A
HRG GROUP, INC. filed this Form PRER14A on 11/14/1995
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<PAGE>
 
 
               UNAUDITED PRO FORMA CONDENSED STATEMENT OF INCOME
                    FOR THE NINE MONTHS ENDED JUNE 30, 1994
                  (IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
 

<TABLE>
<CAPTION>
                                                     PRO FORMA
                                                    ADJUSTMENTS
                                                    -----------
                                                      ENERGY
                                                    INDUSTRIES
                                         HISTORICAL    SALE        AS ADJUSTED(2)
                                         ---------- -----------    --------------
<S>                                      <C>        <C>            <C>
Revenues...............................   $241,924   $(49,874)        $192,050
                                          --------   --------         --------
Expenses:
 Operating.............................    209,215    (36,480)         172,735
 Provisions for oil and gas property
  valuation............................     18,810                      18,810
 Depreciation, depletion and
  amortization.........................     11,969     (3,600)           8,369
 Selling, general and administrative...     14,531     (4,952)           9,579
                                          --------   --------         --------
                                           254,525    (45,032)         209,493
                                          --------   --------         --------
Operating income (loss)................    (12,601)    (4,842)         (17,443)
                                          --------   --------         --------
Operating income (expense):
 Interest income.......................      1,628       (180)           1,448
 Interest expense......................     (7,482)     2,729 (1)       (4,753)
 Gain on sales of Tidewater common
  stock................................     37,457                      37,457
 Other.................................     (2,859)                     (2,859)
                                          --------   --------         --------
                                            28,744      2,549           31,293
                                          --------   --------         --------
 Income (loss) from continuing
  operations before taxes..............     16,143     (2,293)          13,850
 Provision (benefit) for income taxes..      6,117       (941)           5,176
                                          --------   --------         --------
 Income (loss) from continuing
  operations...........................   $ 10,026   $ (1,352)        $  8,674
                                          ========   ========         ========
 Per common share income (loss) from
  continuing operations................       0.31      (0.04)            0.27
 Common stock dividends declared, per
  share................................       0.04         --             0.04
</TABLE>

- --------
(1) The pro forma adjustments include an allocation of interest expense on
    general corporate debt of $2.7 million to Energy Industries.
(2) The Company has also announced its intention to sell Cimarron. Although the
    stockholders are not being asked to approve such sale, should such sale
    occur as intended, the pro forma financial results would be further
    adjusted as follows:
 

<TABLE>
<CAPTION>
                                                          CIMARRON   AS FURTHER
                                              AS ADJUSTED   SALE      ADJUSTED
                                              ----------- ---------  ----------
      <S>                                     <C>         <C>        <C>
      Revenue................................  $192,050   $(120,456)  $ 71,594
      Operating income (loss)................   (17,443)        696    (16,747)
      Income (loss) from continuing
       operations............................     8,674         932      9,606
      Per common share income (loss) from
       continuing operations.................      0.27        0.03       0.30
</TABLE>

 
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