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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - Condensed Financial Information of the Registrant | Condensed Financial Information of the Registrant HRG GROUP, INC. (Registrant Only) BALANCE SHEETS (In millions)
| September 30,
| 2016 |  | 2015
ASSETS |  |  |
Cash and cash equivalents | $ | 170.9 |  |  | $ | 297.2 |
Receivables, net | 0.1 |  |  | 0.8 |
Total current assets | 171.0 |  |  | 298.0 |
Investments in consolidated subsidiaries (a) | 1,870.1 |  |  | 2,040.8 |
Advances to consolidated subsidiaries | 9.6 |  |  | 9.5 |
Deferred tax assets | 351.2 |  |  | 2.0 |
Properties, net | 1.1 |  |  | 1.3 |
Other assets | 0.6 |  |  | 1.1 |
Total assets | $ | 2,403.6 |  |  | $ | 2,352.7 |
LIABILITIES AND EQUITY |  |  |
Accounts payable | $ | 0.2 |  |  | $ | 1.6 |
Accrued and other current liabilities | 48.2 |  |  | 51.8 |
Total current liabilities | 48.4 |  |  | 53.4 |
Long-term debt | 1,711.2 |  |  | 1,705.1 |
Employee benefit obligations | 5.2 |  |  | 4.7 |
Deferred tax liabilities | — |  |  | 2.0 |
Other liabilities | 0.7 |  |  | 0.8 |
Total liabilities | 1,765.5 |  |  | 1,766.0 |
Shareholders’ equity: |  |  |
Common stock | 2.0 |  |  | 2.0 |
Additional paid-in capital | 1,447.1 |  |  | 1,458.5 |
Accumulated deficit | (1,031.9 | ) |  | (833.1 | )
Accumulated other comprehensive income | 220.9 |  |  | (40.7 | )
Total shareholders’ equity | 638.1 |  |  | 586.7 |
Total liabilities and equity | $ | 2,403.6 |  |  | $ | 2,352.7 |
(a) Includes $1,259.6 at September 30, 2016 related to the Company’s investment in FGL and $1,209.9 at September 30, 2015 related to the Company’s investments in FGL and Compass, which were classified as business held for sale and business in discontinued operations, respectively. See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HRG GROUP, INC. (Registrant Only) STATEMENTS OF OPERATIONS (In millions)
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Revenues |  | $ | — |  |  | $ | — |  |  | $ | — |
Cost of revenues |  | — |  |  | — |  |  | — |
Gross profit |  | — |  |  | — |  |  | — |
Operating expenses: |  |  |  |  |  |
General and administrative |  | 50.7 |  |  | 100.2 |  |  | 111.1 |
Acquisition related charges |  | 0.2 |  |  | 0.4 |  |  | 4.2 |
Total operating expenses |  | 50.9 |  |  | 100.6 |  |  | 115.3 |
Operating loss |  | (50.9 | ) |  | (100.6 | ) |  | (115.3 | )
Other income (expense): |  |  |  |  |  |
Equity in net (loss) income of subsidiaries (a) |  | (214.8 | ) |  | (357.2 | ) |  | 207.7 |
Interest expense |  | (143.1 | ) |  | (124.2 | ) |  | (89.7 | )
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | — |  |  | — |  |  | (12.7 | )
Gain on contingent purchase price reduction |  | — |  |  | 8.5 |  |  | 0.5 |
Other, net |  | 2.0 |  |  | 15.2 |  |  | 0.1 |
Loss before income taxes |  | (406.8 | ) |  | (558.3 | ) |  | (9.4 | )
Income tax (benefit) expense (b) |  | (208.0 | ) |  | (1.5 | ) |  | 0.9 |
Net (loss) |  | (198.8 | ) |  | (556.8 | ) |  | (10.3 | )
Less: Preferred stock dividends and accretion and loss on conversion |  | — |  |  | — |  |  | 73.6 |
Net loss attributable to common and participating preferred stockholders |  | $ | (198.8 | ) |  | $ | (556.8 | ) |  | $ | (83.9 | )
(a) Includes $(243.4), $(243.5), and $74.4 for Fiscal 2016, 2015 and 2014, respectively, related to the Company’s investments in FGL and Compass, which were classified as discontinued operations. (b) Includes income tax benefit of $(206.2) for Fiscal 2016 related to classifying the Company’s ownership interest in FGL as held for sale See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HRG GROUP, INC. (Registrant Only) STATEMENTS OF CASH FLOWS (In millions)
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |  |
Net loss |  | $ | (198.8 | ) |  | $ | (556.8 | ) |  | $ | (10.3 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |
Equity in net income of subsidiaries |  | 214.8 |  |  | 357.2 |  |  | (207.7 | )
Dividends from subsidiaries |  | 63.5 |  |  | 65.7 |  |  | 118.0 |
Depreciation of properties |  | 0.3 |  |  | 0.5 |  |  | 0.2 |
Stock-based compensation |  | 13.7 |  |  | 25.0 |  |  | 27.0 |
Amortization of debt issuance costs |  | 2.7 |  |  | 4.4 |  |  | 3.5 |
Amortization of debt discount |  | 3.3 |  |  | 1.8 |  |  | 1.5 |
Deferred income taxes |  | (205.8 | ) |  | — |  |  | — |
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | — |  |  | — |  |  | 12.7 |
Gain on contingent purchase price reduction |  | — |  |  | (8.5 | ) |  | (0.5 | )
Changes in operating assets and liabilities: |  |  |  |  |  |
Accounts payable and accrued and other current liabilities |  | (5.4 | ) |  | (35.4 | ) |  | 43.5 |
Other operating activities |  | 1.8 |  |  | 64.4 |  |  | (0.7 | )
Net change in cash due to operating activities |  | (109.9 | ) |  | (81.7 | ) |  | (12.8 | )
Cash flows from investing activities: |  |  |  |  |  |
Capital contributions to consolidated subsidiaries |  | (2.9 | ) |  | (406.4 | ) |  | (115.5 | )
Capital expenditures |  | (0.1 | ) |  | (1.2 | ) |  | (0.3 | )
Net change in cash due to investing activities |  | (3.0 | ) |  | (407.6 | ) |  | (115.8 | )
Cash flows from financing activities: |  |  |  |  |  |
Dividends paid on preferred stock |  | — |  |  | — |  |  | (28.6 | )
Proceeds from senior secured notes |  | — |  |  | 409.6 |  |  | 400.0 |
Debt issuance costs |  | — |  |  | (6.8 | ) |  | (10.4 | )
Common stock repurchased |  | — |  |  | (22.1 | ) |  | (65.6 | )
Share based award tax withholding payments |  | (17.8 | ) |  | (18.3 | ) |  | (6.5 | )
Other financing activities |  | 4.4 |  |  | 4.1 |  |  | 2.8 |
Net change in cash due to financing activities |  | (13.4 | ) |  | 366.5 |  |  | 291.7 |
Net increase in cash and cash equivalents |  | (126.3 | ) |  | (122.8 | ) |  | 163.1 |
Cash and cash equivalents at beginning of period |  | 297.2 |  |  | 420.0 |  |  | 256.9 |
Cash and cash equivalents at end of period |  | $ | 170.9 |  |  | $ | 297.2 |  |  | $ | 420.0 |
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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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