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>
 
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
 
NOTE 17. QUARTERLY FINANCIAL DATA (UNAUDITED)
 
                       CONSOLIDATED QUARTERLY INFORMATION
 

<TABLE>
<CAPTION>
                                 THREE MONTHS ENDED
                          ---------------------------------------------
                          DEC. 31     MAR 31       JUN 30       SEP 30
                          -------     -------     --------     --------
                             (IN THOUSANDS, EXCEPT PER SHARE
                                        AMOUNTS)
<S>                       <C>         <C>         <C>          <C>          <C>
FISCAL 1994
Revenues................. $80,228     $75,200     $ 86,496     $ 95,902
                          =======     =======     ========     ========
Operating income (loss).. $ 2,154     $ 1,303     $(16,058)(3) $(12,099)(4)
Other income (expense),
 net.....................  24,622 (1)   2,544 (2)    1,578       (2,892)
Provision (benefit) for
 income taxes............   9,448       1,575       (4,906)      (5,543)
                          -------     -------     --------     --------
Income (loss) from con-
 tinuing operations......  17,328       2,272       (9,574)      (9,448)
Loss on disposition, net
 of income taxes.........      --          --           --       (8,897)(5)
                          -------     -------     --------     --------
Net income (loss)........ $17,328     $ 2,272     $ (9,574)    $(18,345)
                          =======     =======     ========     ========
Per share:
Income (loss) from con-
 tinuing operations...... $  0.56     $  0.05     $  (0.31)    $  (0.29)
Loss on disposition, net
 of income taxes.........      --          --           --        (0.29)
                          -------     -------     --------     --------
Net income (loss)........ $  0.56     $  0.05     $  (0.31)    $  (0.58)
                          =======     =======     ========     ========
FISCAL 1993
Revenues................. $70,925     $71,854     $ 58,173     $ 64,093
                          =======     =======     ========     ========
Operating income (loss).. $ 2,496     $  (291)    $   (569)    $  1,370
Other income (expense),
 net.....................  (1,479)     (2,456)      16,482 (6)   (2,530)
Provision (benefit) for
 income taxes............     (21)     (1,205)       5,423         (547)
                          -------     -------     --------     --------
Net income (loss)........ $ 1,038     $(1,542)    $ 10,490     $   (613)
                          =======     =======     ========     ========
Net income (loss) per
 share................... $  0.04     $ (0.06)    $   0.37     $  (0.02)
                          =======     =======     ========     ========
</TABLE>

- --------
(1) Includes a pretax gain of $33.9 million from the sale of 3.75 million
    shares of Tidewater common stock and a $6.8 million prepayment penalty in
    connection with the partial prepayment of Zapata's Norex indebtedness.
(2) Includes a pretax gain of $3.6 million from the sale of 375,175 shares of
    Tidewater common stock.
(3) Includes an $18.8 million valuation provision for oil and gas property
    valuation.
(4) Includes a $10.4 million valuation provision for oil and gas property
    valuation.
(5) Includes the estimated loss to be realized on disposal of the marine
    protein operations, net of taxes.
(6) Includes a pretax gain of $32.9 million from the sale of 3.5 million shares
    of Tidewater common stock, a $6.4 million prepayment penalty in connection
    with the refinancing of Zapata's senior indebtedness and a $6.0 million
    write-down of Zapata's investment in Arethusa to approximate estimated
    market value. A $300,000 gain was recorded in the fourth quarter when
    Zapata disposed of its investment in Arethusa.
 
                                       42

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