Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 08/09/2013
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Supplemental Pro Forma Information
The following table reflects the Company’s pro forma results as if the Hardware Acquisition and the acquisition of the Company's interest in the EXCO/HGI JV were completed on October 1, 2011 and the results of the HHI Business and the EXCO/HGI JV had been included in the full three and nine months ended June 30, 2013 and July 1, 2012.
 
Three months ended
 
Nine months ended
 
June 30,
2013
 
July 1,
2012
 
June 30,
2013
 
July 1,
2012
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Reported revenues
$
1,410.6

 
$
1,012.2

 
$
4,044.8

 
$
3,283.9

HHI adjustment 
—

 
253.0

 
191.8

 
716.9

EXCO/HGI JV adjustment
—

 
32.1

 
53.7

 
114.8

Pro forma revenues
$
1,410.6

 
$
1,297.3

 
$
4,290.3

 
$
4,115.6

 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
Reported net income
$
118.7

 
$
(110.1
)
 
$
136.3

 
$
(64.8
)
HHI adjustment 
—

 
26.7

 
4.9

 
49.6

EXCO/HGI JV adjustment
—

 
(5.5
)
 
(0.5
)
 
(5.2
)
Pro forma net income
$
118.7

 
$
(88.9
)
 
$
140.7

 
$
(20.4
)
 
 
 
 
 
 
 
 
Basic net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
Reported net income (loss) per common share
$
0.45

 
$
(1.07
)
 
$
0.54

 
$
(0.93
)
HHI adjustment 
—

 
0.19

 
0.04

 
0.36

EXCO/HGI JV adjustment
—

 
(0.04
)
 
—

 
(0.04
)
Pro forma net income (loss) per common share
$
0.45

 
$
(0.92
)
 
$
0.58

 
$
(0.61
)
 
 
 
 
 
 
 
 
Diluted net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
Reported diluted net income (loss) per common share
$
0.25

 
$
(1.07
)
 
$
0.30

 
$
(0.93
)
HHI adjustment 
—

 
0.19

 
0.02

 
0.36

EXCO/HGI JV adjustment
—

 
(0.04
)
 
—

 
(0.04
)
Pro forma diluted net income (loss) per common share
$
0.25

 
$
(0.92
)
 
$
0.32

 
$
(0.61
)

Acquisition and Integration Related Charges
Acquisition and integration related charges reflected in "Selling, acquisition, operating and general expenses" in the accompanying Condensed Consolidated Statements of Operations include, but are not limited to transaction costs such as banking, legal and accounting professional fees directly related to an acquisition or potential acquisition, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses. Such charges for the three and nine months ended June 30, 2013 relate primarily to the Hardware Acquisition and the EXCO/HGI JV acquisition, and for the three and nine months ended July 1, 2012 relate primarily to the Spectrum Brands merger with Russell Hobbs, Inc. (the "SB/RH Merger") and the acquisition of FURminator.

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