Harbinger Group Inc.
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SEC Filings

DEF 14A
HRG GROUP, INC. filed this Form DEF 14A on 11/15/1995
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<PAGE>
 
                               ZAPATA CORPORATION
 
                    CONSOLIDATED STATEMENT OF OPERATIONS(1)
 

<TABLE>
<CAPTION>
                                                 YEARS ENDED SEPTEMBER 30,
                                                 ----------------------------
                                                   1994      1993      1992
                                                 --------  --------  --------
                                                 (IN THOUSANDS, EXCEPT PER
                                                       SHARE AMOUNTS)
<S>                                              <C>       <C>       <C>
Revenues........................................ $337,826  $265,045  $106,413
                                                 --------  --------  --------
Expenses:
  Operating.....................................  294,330   235,069    70,385
  Provision for oil & gas property valuation....   29,152        --        --
  Depreciation, depletion and amortization......   18,196    13,036    14,923
  Selling, general and administrative...........   20,848    13,934    10,204
                                                 --------  --------  --------
                                                  362,526   262,039    95,512
                                                 --------  --------  --------
Operating income (loss).........................  (24,700)    3,006    10,901
                                                 --------  --------  --------
Other income (expense):
  Interest income...............................    2,043     2,404     2,644
  Interest expense..............................   (9,356)  (15,811)  (16,270)
  Gain on sale of Tidewater common stock........   37,457    32,928        --
  Equity in income of unconsolidated affiliates.       --     1,125     1,497
  Other.........................................   (4,292)  (10,629)    4,419
                                                 --------  --------  --------
                                                   25,852    10,017    (7,710)
                                                 --------  --------  --------
Income from continuing operations before income
 taxes..........................................    1,152    13,023     3,191
Provision for income taxes......................      574     3,650       760
                                                 --------  --------  --------
Income (loss) from continuing operations........      578     9,373     2,431
                                                 --------  --------  --------
Discontinued marine protein operations (Notes 2
 and 14):
  Loss on disposition, net of income taxes......   (8,897)       --        --
                                                 --------  --------  --------
                                                   (8,897)       --        --
                                                 --------  --------  --------
Net income (loss)...............................   (8,319)    9,373     2,431
Preferred and preference stock dividends........      356       404       404
                                                 --------  --------  --------
Net income (loss) to Common Stockholders........ $ (8,675) $  8,969  $  2,027
                                                 ========  ========  ========
Per share data:
  Income (loss) from continuing operations...... $   0.01  $   0.33  $   0.08
  Loss from discontinued operations.............    (0.29)       --        --
                                                 --------  --------  --------
  Net income (loss) per share................... $  (0.28) $   0.33  $   0.08
                                                 ========  ========  ========
</TABLE>

- --------
(1) The Consolidated Statement of Operations has been reclassified to present
    the marine protein operations as continuing operations. See Note 14.
 
    The accompanying notes are an integral part of the financial statements.
 
                                       15

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