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>
 
  Facilities and Real Estate. Energy Industries owns facilities and related
real estate in Houston, Midland and Corpus Christi, Texas, Oklahoma City,
Oklahoma and Lafayette, Louisiana. The main fabrication facility is in Corpus
Christi, Texas, and the other properties are currently being used for branch
offices. Other branch facilities are leased from third parties.
 
                            SELECTED FINANCIAL DATA
     
  The following table sets forth certain selected financial information for the
periods presented and should be read in conjunction with the Consolidated
Financial Statements of the Company and the related notes thereto and with
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" included in the Company's Form 10-K for the fiscal year ended
September 30, 1994. The selected financial information contained herein has
been restated to reflect the Company's marine protein operations as a continued
operation as a result of the Company's decision to retain these operations. The
Company's Form 10-K for the fiscal year ended September 30, 1994 reflected the
marine protein operations as a discontinued operation. In connection with a
restructuring consummated in 1990 and effective as of October 1, 1990, the
Company implemented, for accounting purposes, a "quasi-reorganization," an
elective accounting procedure that permits a company which has emerged from
financial difficulty to restate its accounts and establish a fresh start in an
accounting sense.     
 

<TABLE>   
<CAPTION>
                             NINE MONTHS
                                ENDED
                              JUNE 30,                       FISCAL YEAR ENDED SEPTEMBER 30,
                          ---------------------     ---------------------------------------------------------
                            1995         1994         1994         1993         1992    1991        1990
                          --------     --------     --------     --------     -------- ------- --------------
                                                                                                   BEFORE
                                                                                                   QUASI-
                                                        AFTER QUASI-REORGANIZATION             REORGANIZATION
                                                    ------------------------------------------ --------------
<S>                       <C>          <C>          <C>          <C>          <C>      <C>     <C>
INCOME STATEMENT DATA:
 Revenues...............  $179,708     $241,924     $337,826 (3) $265,045(3)  $106,413 $93,410    $ 91,781
 Operating income
  (loss)................    (6,701)(1)  (12,601)(2)  (24,700)(4)    3,006       10,901   3,063      (8,111)
 Income (loss) from
  continuing operations.    (3,463)      10,026 (5)      578 (5)    9,373 (6)    2,431   2,087     (34,383)
 Per common share income
  (loss) from continuing
  operations............     (0.11)        0.31         0.01         0.33         0.08    0.07       (5.38)
 Cash dividends paid....     1,153          404        1,566        2,933           --      --          --
 Common Stock dividends
  declared, per share...        --        0.035         0.07           --           --      --          --
CASH FLOW DATA:
 Capital expenditures...    18,339       20,049       28,251        4,569       11,595   8,730       5,341
</TABLE>
    
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(1) Includes a $12.6 million provision for asset impairment of the Company's
    marine protein assets.
    
(2) Includes an $18.8 million oil and gas valuation provision.     
    
(3) Includes $156.1 million and $186.3 million revenues in 1994 and 1993,
    respectively, from Cimarron, which was acquired during the first quarter of
    fiscal 1993. (After $157.2 million and $186.8 million in expenses in 1994
    and 1993, respectively, Cimarron incurred operating losses of $1.1 million
    and $552,000 in 1994 and 1993, respectively.)     
    
(4) Includes a $29.2 million oil and gas valuation provision.     
    
(5) Includes a $37.5 million pretax gain from the sale of 4.1 million shares of
    common stock of Tidewater Inc. and expenses of $7.4 million related to the
    prepayment of indebtedness due to Norex America, Inc.     
    
(6) Includes a $32.9 million pretax gain from the sale of 3.5 million shares of
    Tidewater Inc. common stock, a $6.4 million prepayment penalty in
    connection with a senior debt refinancing and a $5.7 million pretax loss
    resulting from the disposition of the Company's investment in Arethusa
    (Offshore) Limited.     
 
 
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