XML 109 R20.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Data | 9 Months Ended
--- | ---
Jun. 30, 2015
Segment Reporting [Abstract] |
Segment Data | Segment Data The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HRG’s management views those business activities. Accordingly, the Company currently operates its business in four reporting segments: (i) Consumer Products, (ii) Insurance, (iii)Energy and (iv) Asset Management. The following schedules present the Company’s segment information for the three and nine months ended June 30, 2015 and 2014.
|  | Three months ended June 30, |  | Nine months ended June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |  |  |
Consumer Products |  | $ | 1,247.5 |  |  | $ | 1,128.5 |  |  | $ | 3,382.3 |  |  | $ | 3,250.8 |
Insurance |  | 253.3 |  |  | 419.5 |  |  | 725.1 |  |  | 1,066.7 |
Energy |  | 24.3 |  |  | 37.6 |  |  | 84.6 |  |  | 112.3 |
Asset Management |  | 7.2 |  |  | 11.3 |  |  | 20.3 |  |  | 25.6 |
Intersegment elimination (a) |  | 19.0 |  |  | (2.2 | ) |  | 108.4 |  |  | (9.5 | )
Consolidated segment revenues |  | 1,551.3 |  |  | 1,594.7 |  |  | 4,320.7 |  |  | 4,445.9 |
Corporate and Other |  | 2.2 |  |  | 4.7 |  |  | 42.7 |  |  | 4.7 |
Total revenues |  | 1,553.5 |  |  | $ | 1,599.4 |  |  | 4,363.4 |  |  | $ | 4,450.6 |
Operating income (loss): |  |  |  |  |  |  |  |
Consumer Products |  | $ | 135.7 |  |  | $ | 148.7 |  |  | $ | 339.7 |  |  | $ | 366.3 |
Insurance |  | 90.9 |  |  | 108.6 |  |  | 53.7 |  |  | 220.2 |
Energy |  | (114.3 | ) |  | 8.6 |  |  | (470.6 | ) |  | (57.2 | )
Asset Management |  | (14.2 | ) |  | 3.1 |  |  | (82.7 | ) |  | 3.2 |
Intersegment elimination (a) |  | 17.5 |  |  | (2.0 | ) |  | 66.8 |  |  | (9.7 | )
Total segment operating income (loss) |  | 115.6 |  |  | 267.0 |  |  | (93.1 | ) |  | 522.8 |
Corporate and Other and eliminations |  | (41.1 | ) |  | (37.9 | ) |  | (189.4 | ) |  | (98.2 | )
Consolidated operating income (loss) |  | 74.5 |  |  | 229.1 |  |  | (282.5 | ) |  | 424.6 |
Interest expense |  | (154.0 | ) |  | (77.9 | ) |  | (320.1 | ) |  | (239.1 | )
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock |  | — |  |  | 38.0 |  |  | — |  |  | (12.7 | )
Gain on contingent purchase price reduction |  | 3.0 |  |  | — |  |  | 8.5 |  |  | 0.5 |
Other income (expense), net |  | 36.8 |  |  | 6.0 |  |  | 223.3 |  |  | (10.5 | )
(Loss) income from continuing operations before income taxes |  | $ | (39.7 | ) |  | $ | 195.2 |  |  | $ | (370.8 | ) |  | $ | 162.8 |
(a) The Intersegment eliminations represent the reversal and reclassification of impairments recorded in our Insurance Segment, as well as normal intercompany transactions for the period. For the three and nine months ended June 30, 2015 the Insurance segment eliminations include the reversal of intercompany asset impairments of $16.2 and $58.6, respectively. For the nine months ended June 30, 2015, the Insurance segment eliminations also include a reclassification of $40.0 of impairments resulting from the RadioShack bankruptcy from Net investment losses to Bad debt expense and the reversal of impairments of $24.8 already reflected in the Asset Management segment.
| Nine months ended June 30,
Net change in cash due to operating activities | 2015 |  | 2014
Consumer Products | $ | (158.8 | ) |  | $ | (50.9 | )
Insurance | 82.7 |  |  | 279.4 |
Energy | 9.8 |  |  | 34.8 |
Asset Management | (6.4 | ) |  | (1.2 | )
Net change in cash due to segment operating activities | (72.7 | ) |  | 262.1 |
Net change in cash due to corporate and other operating activities, including intersegment eliminations | (92.2 | ) |  | (97.7 | )
Consolidated change in cash due to operating activities | $ | (164.9 | ) |  | $ | 164.4 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration