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Equity-method investments | 12 Months Ended
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Sep. 30, 2014
Proportionately Consolidated Equity Method Investments [Abstract] |
Equity-Method Investments | (8) Equity-method Investments HC2 Holdings Inc. (formerly PTGi Holding, Inc.) On January 3, 2014, HGI Funding acquired a 40.5% interest in a liquidating equity, HC2 Holdings Inc. (“HC2”), included in equity securities — held for trading, as of September 30, 2014. HGI’s ownership in HC2 has been diluted to 24.7% as of September 30, 2014 as a result of the issuance of additional stock during 2014. The equity method investee is carried at fair market value ($26.5 as of September 30, 2014) using the fair value option under ASC Topic 820. Compass The following tables present summarized consolidated financial information of Compass (HGI’s proportionately consolidated equity investment) for Fiscal 2014 and the period subsequent to HGI’s acquisition of the equity interest on February 14, 2013.
|  | September 30,
|  | 2014 |  | 2013
Assets |  |  |  |
Total current assets |  | $ | 50.1 |  |  | $ | 54.4 |
Oil and natural gas properties, net |  | 599.4 |  |  | 741.5 |
Other assets |  | 29.0 |  |  | 32.7 |
Total assets |  | $ | 678.5 |  |  | $ | 828.6 |
Liabilities and members’ equity |  |  |  |
Total current liabilities |  | $ | 42.9 |  |  | $ | 44.9 |
Total long-term liabilities |  | 362.9 |  |  | 397.3 |
Total members’ equity |  | 272.7 |  |  | 386.4 |
Total liabilities and members’ equity |  | $ | 678.5 |  |  | $ | 828.6 |
|  | Year ended September 30, 2014 |  | Inception to Period Ended September 30, 2013
Revenues |  | $ | 197.5 |  |  | $ | 121.1 |
Costs and Expenses |  |  |  |
Oil and natural gas direct operating costs |  | 93.5 |  |  | 59.0 |
Selling, acquisition, operating and general expenses |  | 67.2 |  |  | 49.5 |
Impairment of proved oil and natural gas properties |  | 109.0 |  |  | 72.8 |
Total costs and expenses |  | 269.7 |  |  | 181.3 |
Operating loss |  | (72.2 | ) |  | (60.2 | )
Other expense, net |  | (19.0 | ) |  | (8.0 | )
Net loss |  | $ | (91.2 | ) |  | $ | (68.2 | )

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