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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - Condensed Financial Information of the Registrant | Condensed Financial Information of the Registrant HARBINGER GROUP INC. (Registrant Only) BALANCE SHEETS (In millions)
|  | September 30,
|  | 2014 |  | 2013
ASSETS
Cash and cash equivalents |  | $ | 420.0 |  |  | $ | 256.9 |
Receivables, net |  | 42.5 |  |  | 41.0 |
Prepaid expenses and other current assets |  | — |  |  | 3.3 |
Total current assets |  | 462.5 |  |  | 301.2 |
Investments in consolidated subsidiaries |  | 2,357.4 |  |  | 2,049.0 |
Advances to consolidated subsidiaries |  | 9.6 |  |  | 9.5 |
Properties, net |  | 0.6 |  |  | 0.5 |
Deferred charges and other assets |  | 31.6 |  |  | 23.1 |
Total assets |  | $ | 2,861.7 |  |  | $ | 2,383.3 |
LIABILITIES AND EQUITY
Accounts payable |  | $ | 3.0 |  |  | $ | 1.4 |
Accrued and other current liabilities |  | 86.7 |  |  | 69.6 |
Total current liabilities |  | 89.7 |  |  | 71.0 |
Long-term debt |  | 1,325.0 |  |  | 924.2 |
Equity conversion feature of preferred stock |  | — |  |  | 330.8 |
Employee benefit obligations |  | 4.3 |  |  | 3.0 |
Other liabilities |  | 1.1 |  |  | 0.3 |
Total liabilities |  | 1,420.1 |  |  | 1,329.3 |
Temporary equity: |  |  |  |
Redeemable preferred stock |  | — |  |  | 329.3 |
Stockholders’ equity: |  |  |  |
Common stock |  | 2.0 |  |  | 1.4 |
Additional paid-in capital |  | 1,472.3 |  |  | 828.0 |
Accumulated deficit |  | (276.3 | ) |  | (192.4 | )
Accumulated other comprehensive income |  | 243.6 |  |  | 87.7 |
Total stockholders’ equity |  | 1,441.6 |  |  | 724.7 |
Total liabilities and equity |  | $ | 2,861.7 |  |  | $ | 2,383.3 |
See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HARBINGER GROUP INC. (Registrant Only) STATEMENTS OF OPERATIONS (In millions)
|  | Year ended September 30,
|  | 2014 |  | 2013 |  | 2012
Revenues |  | $ | — |  |  | $ | — |  |  | $ | — |
Cost of revenues |  | — |  |  | — |  |  | — |
Gross profit |  | — |  |  | — |  |  | — |
Operating expenses: |  |  |  |  |  |
General and administrative |  | 111.1 |  |  | 77.4 |  |  | 48.4 |
Acquisition related charges |  | 4.2 |  |  | 12.7 |  |  | 3.7 |
Total operating expenses |  | 115.3 |  |  | 90.1 |  |  | 52.1 |
Operating loss |  | (115.3 | ) |  | (90.1 | ) |  | (52.1 | )
Other income (expense): |  |  |  |  |  |
Equity in net income of subsidiaries |  | 207.7 |  |  | 263.7 |  |  | 354.6 |
Interest expense |  | (89.7 | ) |  | (120.1 | ) |  | (56.6 | )
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | (12.7 | ) |  | (101.6 | ) |  | (156.6 | )
Gain on contingent purchase price reduction |  | 0.5 |  |  | — |  |  | — |
Other, net |  | 0.1 |  |  | 1.1 |  |  | 0.2 |
(Loss) income before income taxes |  | (9.4 | ) |  | (47.0 | ) |  | 89.5 |
Income tax expense (benefit) |  | 0.9 |  |  | (1.2 | ) |  | — |
Net (loss) income |  | (10.3 | ) |  | (45.8 | ) |  | 89.5 |
Less: Preferred stock dividends and accretion and loss on conversion |  | 73.6 |  |  | 48.4 |  |  | 59.6 |
Net (loss) income attributable to common and participating preferred stockholders |  | $ | (83.9 | ) |  | $ | (94.2 | ) |  | $ | 29.9 |
See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HARBINGER GROUP INC. (Registrant Only) STATEMENTS OF CASH FLOWS (In millions)
|  | Year ended September 30,
|  | 2014 |  | 2013 |  | 2012
Cash flows from operating activities: |  |  |  |  |  |
Net (loss) income |  | $ | (10.3 | ) |  | $ | (45.8 | ) |  | $ | 89.5 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: |  |  |  |  |  |
Depreciation of properties |  | 0.2 |  |  | 0.2 |  |  | 0.1 |
Stock-based compensation |  | 27.0 |  |  | 11.7 |  |  | 1.9 |
Amortization of debt issuance costs |  | 3.5 |  |  | 2.7 |  |  | 2.9 |
Amortization of debt discount |  | 1.5 |  |  | 0.5 |  |  | 0.6 |
Write-off of debt issuance costs on retired debt |  | — |  |  | 10.8 |  |  | — |
Write-off of debt discount on retired debt |  | — |  |  | 2.1 |  |  | — |
Deferred income taxes |  | — |  |  | — |  |  | 3.6 |
Equity in net income of subsidiaries |  | (207.7 | ) |  | (263.7 | ) |  | (354.6 | )
Dividends from subsidiaries |  | 118.0 |  |  | 127.1 |  |  | 69.5 |
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | 12.7 |  |  | 101.6 |  |  | 156.6 |
Gain on contingent purchase price reduction |  | (0.5 | ) |  | — |  |  | — |
Changes in operating assets and liabilities: |  |  |  |  |  |
Prepaid expenses and other current assets |  | — |  |  | — |  |  | (4.6 | )
Accounts payable and accrued and other current liabilities |  | 43.5 |  |  | 51.4 |  |  | 27.0 |
Other operating |  | (0.7 | ) |  | 11.6 |  |  | (1.7 | )
Net change in cash due to operating activities |  | (12.8 | ) |  | 10.2 |  |  | (9.2 | )
Cash flows from investing activities: |  |  |  |  |  |
Proceeds from investments sold, matured or repaid |  | — |  |  | 34.0 |  |  | 108.9 |
Cost of investments acquired |  | — |  |  | — |  |  | (68.0 | )
Capital contributions to consolidated subsidiaries |  | (115.5 | ) |  | (454.4 | ) |  | (36.3 | )
Return of capital from subsidiary |  | — |  |  | 126.8 |  |  | 88.0 |
Repayments from (advances to) consolidated subsidiaries |  | — |  |  | — |  |  | 49.3 |
Capital expenditures |  | (0.3 | ) |  | (0.4 | ) |  | — |
Net change in cash due to investing activities |  | (115.8 | ) |  | (294.0 | ) |  | 141.9 |
Cash flows from financing activities: |  |  |  |  |  |
Dividends paid on preferred stock |  | (28.6 | ) |  | (33.4 | ) |  | (31.7 | )
Proceeds from senior secured notes |  | 400.0 |  |  | 923.9 |  |  | — |
Repayment of senior secured notes, including tender / call premium |  | — |  |  | (545.9 | ) |  | — |
Debt issuance costs |  | (10.4 | ) |  | (25.1 | ) |  | — |
Common stock repurchased |  | (65.6 | ) |  | (12.3 | ) |  | — |
Share based award tax withholding payments |  | (6.5 | ) |  | (2.3 | ) |  | — |
Other financing activities |  | 2.8 |  |  | — |  |  | — |
Net change in cash due to financing activities |  | 291.7 |  |  | 304.9 |  |  | (31.7 | )
Net increase in cash and cash equivalents |  | 163.1 |  |  | 21.1 |  |  | 101.0 |
Cash and cash equivalents at beginning of period |  | 256.9 |  |  | 235.8 |  |  | 134.8 |
Cash and cash equivalents at end of period |  | $ | 420.0 |  |  | $ | 256.9 |  |  | $ | 235.8 |
See accompanying Report of Independent Registered Public Accounting Firm.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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