XML 93 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Data (Tables)
 9 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information
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