Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 12/21/1995
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<PAGE>
 
                               ZAPATA CORPORATION
 
            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>
FISCAL 1995
Revenues......................  $22,357    $22,237     $ 24,199     $ 34,275
                                =======    =======     ========     ========
Operating income (loss).......  $   311    $  (202)    $(11,129)(2) $  1,800
Other income (expense), net...      145      4,434 (1)     (382)      (4,000)(4)
Provision (benefit) for income
 taxes........................      181      1,518       (3,964)        (914)
                                -------    -------     --------     --------
Income (loss) from continuing
 operations...................      275      2,714       (7,547)      (1,286)
Income (loss) from
 discontinued operations......      473        217          405           56
Reversal of reserve for loss
 on disposition, net of income
 taxes........................       --         --        8,897 (3)       --
                                -------    -------     --------     --------
Net income (loss).............  $   748    $ 2,931     $  1,755     $ (1,230)
                                =======    =======     ========     ========
Per share:
Income (loss) from continuing
 operations...................  $  0.01    $  0.08     $  (0.25)    $  (0.04)
Income from discontinued
 operations...................     0.01       0.01         0.31           --
                                -------    -------     --------     --------
Net income (loss).............  $  0.02    $  0.09     $   0.06     $  (0.04)
                                =======    =======     ========     ========
FISCAL 1994
Revenues......................  $24,126    $24,739     $ 22,729     $ 37,569
                                =======    =======     ========     ========
Operating income (loss).......  $   606    $   692     $(18,045)(7) $(14,860)(8)
Other income (expense), net...   26,445(5)   3,382 (6)    2,437       (2,086)
Provision (benefit) for income
 taxes........................    9,526      1,668       (5,393)      (6,373)
                                -------    -------     --------     --------
Income (loss) from continuing
 operations...................   17,525      2,406      (10,215)     (10,573)
Income (loss) from
 discontinued operations......     (197)      (134)         641        1,125
Loss on disposition, net of
 income taxes.................       --         --           --       (8,897)(9)
                                -------    -------     --------     --------
Net income (loss).............  $17,328    $ 2,272     $ (9,574)    $(18,345)
                                =======    =======     ========     ========
Per share:
Income (loss) from continuing
 operations...................  $  0.56    $  0.07     $  (0.33)    $  (0.34)
Income (loss) from
 discontinued operations......       --         --         0.02        (0.24)
                                -------    -------     --------     --------
Net income (loss).............  $  0.56    $  0.07     $  (0.31)    $  (0.58)
                                =======    =======     ========     ========
</TABLE>

- --------
(1) Includes a pretax gain of $4.8 million from the sale of 673,077 shares of
    Tidewater common stock.
(2) Includes a $12.3 million pretax provision for asset impairment to reduce
    the marine protein assets to their estimated fair market value that was
    recorded in the third and fourth fiscal quarters.
(3) Includes the reversal of an $8.9 million after-tax loss due to the decision
    to retain Zapata Protein.
(4) Includes a $2.8 million write-down of an investment in Wherehouse
    Entertainment, Inc. debentures.
(5) 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 indebtedness to Norex.
(6) Includes a pretax gain of $3.6 million from the sale of 375,175 shares of
    Tidewater common stock.
(7) Includes an $18.8 million valuation provision for oil and gas property
    valuation.
(8) Includes a $10.4 million valuation provision for oil and gas property
    valuation.
(9) Includes the estimated loss to be realized on disposal of the marine
    protein operations.
 
                                       59

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