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Consolidating Financial Information | 12 Months Ended
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Sep. 30, 2016 | Sep. 30, 2015
Consolidating Financial Information [Abstract] |  |
Consolidating Financial Information | HRG Group, Inc. - Condensed Consolidating Balance Sheets Information
September 30, 2016 |  | Consumer Products |  | Insurance |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries and affiliates |  | $ | — |  |  | $ | 3.4 |  |  | $ | 2,405.3 |  |  | $ | — |  |  | $ | (2,408.7 | ) |  | $ | — |
Affiliated loans and receivables |  | — |  |  | 20.3 |  |  | 0.2 |  |  | — |  |  | (20.5 | ) |  | — |
Cash and cash equivalents |  | 275.3 |  |  | 32.1 |  |  | 189.9 |  |  | — |  |  | — |  |  | 497.3 |
Funds withheld receivables |  | — |  |  | 1,725.0 |  |  | — |  |  | — |  |  | (74.6 | ) |  | 1,650.4 |
Receivables, net |  | 538.2 |  |  | 17.4 |  |  | 0.7 |  |  | — |  |  | — |  |  | 556.3 |
Inventories, net |  | 740.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 740.6 |
Deferred tax assets |  | 18.3 |  |  | 8.6 |  |  | — |  |  | — |  |  | 15.7 |  |  | 42.6 |
Property, plant and equipment, net |  | 542.1 |  |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | 543.4 |
Goodwill |  | 2,478.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,478.4 |
Intangibles, net |  | 2,372.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,372.5 |
Other assets |  | 103.7 |  |  | 18.1 |  |  | 34.6 |  |  | — |  |  | 16.2 |  |  | 172.6 |
Assets of business held for sale |  | — |  |  | — |  |  | — |  |  | 26,738.7 |  |  | — |  |  | 26,738.7 |
Total assets |  | $ | 7,069.1 |  |  | $ | 1,824.9 |  |  | $ | 2,632.0 |  |  | $ | 26,738.7 |  |  | $ | (2,471.9 | ) |  | $ | 35,792.8 |
Liabilities and Equity: |  |  |  |  |  |  |  |  |  |  |  |
Insurance reserves |  | $ | — |  |  | $ | 1,685.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 65.4 |  |  | $ | 1,751.3 |
Debt |  | 3,620.2 |  |  | — |  |  | 1,747.7 |  |  | — |  |  | 63.0 |  |  | 5,430.9 |
Accounts payable and other current liabilities |  | 931.6 |  |  | 6.1 |  |  | 51.6 |  |  | — |  |  | 0.5 |  |  | 989.8 |
Employee benefit obligations |  | 120.2 |  |  | — |  |  | 5.2 |  |  | — |  |  | — |  |  | 125.4 |
Deferred tax liabilities |  | 532.7 |  |  | — |  |  | 13.3 |  |  | — |  |  | — |  |  | 546.0 |
Other liabilities |  | 20.4 |  |  | 3.5 |  |  | 8.3 |  |  | — |  |  | (0.2 | ) |  | 32.0 |
Affiliated debt and payables |  | — |  |  | 0.2 |  |  | 171.2 |  |  | — |  |  | (171.4 | ) |  | — |
Liabilities of business held for sale |  | — |  |  | — |  |  | — |  |  | 25,100.2 |  |  | — |  |  | 25,100.2 |
Total liabilities |  | 5,225.1 |  |  | 1,695.7 |  |  | 1,997.3 |  |  | 25,100.2 |  |  | (42.7 | ) |  | 33,975.6 |
Total shareholders’ equity |  | 1,040.4 |  |  | 129.2 |  |  | 638.1 |  |  | 1,259.6 |  |  | (2,429.2 | ) |  | 638.1 |
Noncontrolling interests |  | 803.6 |  |  | — |  |  | (3.4 | ) |  | 378.9 |  |  | — |  |  | 1,179.1 |
Total shareholders’ equity |  | 1,844.0 |  |  | 129.2 |  |  | 634.7 |  |  | 1,638.5 |  |  | (2,429.2 | ) |  | 1,817.2 |
Total liabilities and equity |  | $ | 7,069.1 |  |  | $ | 1,824.9 |  |  | $ | 2,632.0 |  |  | $ | 26,738.7 |  |  | $ | (2,471.9 | ) |  | $ | 35,792.8 |
September 30, 2015 |  | Consumer Products |  | Insurance |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries and affiliates |  | $ | — |  |  | $ | 10.6 |  |  | $ | 2,152.9 |  |  | $ | — |  |  | $ | (2,163.5 | ) |  | $ | — |
Affiliated loans and receivables |  | — |  |  | 31.1 |  |  | 1.2 |  |  | — |  |  | (32.3 | ) |  | — |
Cash and cash equivalents |  | 247.9 |  |  | 18.0 |  |  | 395.3 |  |  | — |  |  | — |  |  | 661.2 |
Funds withheld receivables |  | — |  |  | 1,743.8 |  |  | — |  |  | — |  |  | (33.7 | ) |  | 1,710.1 |
Receivables, net |  | 586.6 |  |  | 25.6 |  |  | 1.5 |  |  | — |  |  | 0.2 |  |  | 613.9 |
Inventories, net |  | 780.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 780.8 |
Deferred tax assets |  | 9.3 |  |  | 23.6 |  |  | 9.6 |  |  | — |  |  | 14.2 |  |  | 56.7 |
Property, plant and equipment, net |  | 507.1 |  |  | — |  |  | 2.4 |  |  | — |  |  | — |  |  | 509.5 |
Goodwill |  | 2,476.7 |  |  | — |  |  | 10.7 |  |  | — |  |  | — |  |  | 2,487.4 |
Intangibles, net |  | 2,480.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,480.3 |
Other assets |  | 105.1 |  |  | 31.1 |  |  | 260.3 |  |  | — |  |  | 15.5 |  |  | 412.0 |
Assets of business held for sale |  | — |  |  | — |  |  | — |  |  | 24,976.5 |  |  | — |  |  | 24,976.5 |
Assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | 343.1 |  |  | — |  |  | 343.1 |
Total assets |  | $ | 7,193.8 |  |  | $ | 1,883.8 |  |  | $ | 2,833.9 |  |  | $ | 25,319.6 |  |  | $ | (2,199.6 | ) |  | $ | 35,031.5 |
Liabilities and Equity: |  |  |  |  |  |  |  |  |  |  |  |
Insurance reserves |  | $ | — |  |  | $ | 1,731.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 124.1 |  |  | $ | 1,856.0 |
Debt |  | 3,905.9 |  |  | — |  |  | 1,748.0 |  |  | — |  |  | 330.7 |  |  | 5,984.6 |
Accounts payable and other current liabilities |  | 993.0 |  |  | 5.4 |  |  | 61.4 |  |  | — |  |  | 2.2 |  |  | 1,062.0 |
Employee benefit obligations |  | 88.1 |  |  | — |  |  | 4.8 |  |  | — |  |  | — |  |  | 92.9 |
Deferred tax liabilities |  | 572.6 |  |  | — |  |  | 1.9 |  |  | — |  |  | — |  |  | 574.5 |
Other liabilities |  | 27.3 |  |  | 7.1 |  |  | 13.5 |  |  | — |  |  | 8.4 |  |  | 56.3 |
Affiliated debt and payables |  | — |  |  | — |  |  | 415.3 |  |  | — |  |  | (415.3 | ) |  | — |
Liabilities of business held for sale |  | — |  |  | — |  |  | — |  |  | 23,418.5 |  |  | — |  |  | 23,418.5 |
Liabilities of discontinued operations |  | — |  |  | — |  |  | — |  |  | 398.6 |  |  | — |  |  | 398.6 |
Total liabilities |  | 5,586.9 |  |  | 1,744.4 |  |  | 2,244.9 |  |  | 23,817.1 |  |  | 50.1 |  |  | 33,443.4 |
Total shareholders’ equity |  | 900.4 |  |  | 139.4 |  |  | 586.7 |  |  | 1,209.9 |  |  | (2,249.7 | ) |  | 586.7 |
Noncontrolling interests |  | 706.5 |  |  | — |  |  | 2.3 |  |  | 292.6 |  |  | — |  |  | 1,001.4 |
Total shareholders’ equity |  | 1,606.9 |  |  | 139.4 |  |  | 589.0 |  |  | 1,502.5 |  |  | (2,249.7 | ) |  | 1,588.1 |
Total liabilities and equity |  | $ | 7,193.8 |  |  | $ | 1,883.8 |  |  | $ | 2,833.9 |  |  | $ | 25,319.6 |  |  | $ | (2,199.6 | ) |  | $ | 35,031.5 |
HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
Fiscal 2016 |  | Consumer Products |  | Insurance |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Net consumer and other product sales |  | $ | 5,039.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,039.7 |
Net investment income |  | — |  |  | 2.4 |  |  | 8.0 |  |  | — |  |  | 56.6 |  |  | 67.0 |
Net investment gains (losses) |  | — |  |  | 148.0 |  |  | — |  |  | — |  |  | (46.9 | ) |  | 101.1 |
Insurance and investment product fees and other |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 6.7 |  |  | 7.6 |
Total revenues |  | 5,039.7 |  |  | 150.4 |  |  | 8.9 |  |  | — |  |  | 16.4 |  |  | 5,215.4 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of consumer products and other goods sold |  | 3,119.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,119.8 |
Benefits and other changes in policy reserves |  | — |  |  | 153.2 |  |  | — |  |  | — |  |  | (50.2 | ) |  | 103.0 |
Selling, acquisition, operating and general expenses |  | 1,165.0 |  |  | 9.6 |  |  | 69.4 |  |  | — |  |  | (0.4 | ) |  | 1,243.6 |
Impairments and bad debt expense |  | 4.7 |  |  | — |  |  | 23.5 |  |  | — |  |  | (1.1 | ) |  | 27.1 |
Amortization of intangibles |  | 93.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 93.9 |
Total operating costs and expenses |  | 4,383.4 |  |  | 162.8 |  |  | 92.9 |  |  | — |  |  | (51.7 | ) |  | 4,587.4 |
Operating income |  | 656.3 |  |  | (12.4 | ) |  | (84.0 | ) |  | — |  |  | 68.1 |  |  | 628.0 |
Equity in net income of subsidiaries |  | — |  |  | — |  |  | 43.0 |  |  | — |  |  | (43.0 | ) |  | — |
Interest expense |  | (250.0 | ) |  | — |  |  | (143.1 | ) |  | — |  |  | (4.0 | ) |  | (397.1 | )
Affiliated interest expense |  | — |  |  | — |  |  | (12.2 | ) |  | — |  |  | 12.2 |  |  | — |
Other income (expense), net |  | (8.6 | ) |  | — |  |  | 11.1 |  |  | — |  |  | (1.5 | ) |  | 1.0 |
Income (loss) from continuing operations before income taxes |  | 397.7 |  |  | (12.4 | ) |  | (185.2 | ) |  | — |  |  | 31.8 |  |  | 231.9 |
Income tax expense (benefit) |  | 40.0 |  |  | (2.4 | ) |  | 18.9 |  |  | — |  |  | (15.0 | ) |  | 41.5 |
Net income (loss) from continuing operations |  | 357.7 |  |  | (10.0 | ) |  | (204.1 | ) |  | — |  |  | 46.8 |  |  | 190.4 |
(Loss) income from discontinued operations, net of tax |  | — |  |  | — |  |  | — |  |  | (224.3 | ) |  | — |  |  | (224.3 | )
Net (loss) income |  | 357.7 |  |  | (10.0 | ) |  | (204.1 | ) |  | (224.3 | ) |  | 46.8 |  |  | (33.9 | )
Less: Net income attributable to noncontrolling interest |  | 151.1 |  |  | — |  |  | (5.3 | ) |  | 19.1 |  |  | — |  |  | 164.9 |
Net loss attributable to controlling interest |  | $ | 206.6 |  |  | $ | (10.0 | ) |  | $ | (198.8 | ) |  | $ | (243.4 | ) |  | $ | 46.8 |  |  | $ | (198.8 | )
Fiscal 2015 |  | Consumer Products |  | Insurance |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Net consumer and other product sales |  | $ | 4,690.4 |  |  | $ | — |  |  | $ | 42.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,733.1 |
Net investment income |  | — |  |  | 8.9 |  |  | 20.6 |  |  | — |  |  | 54.8 |  |  | 84.3 |
Net investment gains (losses) |  | — |  |  | (107.7 | ) |  | — |  |  | — |  |  | (6.3 | ) |  | (114.0 | )
Insurance and investment product fees and other |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 6.2 |  |  | 6.3 |
Total revenues |  | 4,690.4 |  |  | (98.8 | ) |  | 63.4 |  |  | — |  |  | 54.7 |  |  | 4,709.7 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of consumer products and other goods sold |  | 3,020.0 |  |  | — |  |  | 30.9 |  |  | — |  |  | — |  |  | 3,050.9 |
Benefits and other changes in policy reserves |  | — |  |  | (43.5 | ) |  | — |  |  | — |  |  | 114.1 |  |  | 70.6 |
Selling, acquisition, operating and general expenses |  | 1,108.5 |  |  | 13.4 |  |  | 181.1 |  |  | — |  |  | (1.7 | ) |  | 1,301.3 |
Impairments and bad debt expense |  | — |  |  | — |  |  | 148.1 |  |  | — |  |  | 5.2 |  |  | 153.3 |
Amortization of intangibles |  | 87.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 87.8 |
Total operating costs and expenses |  | 4,216.3 |  |  | (30.1 | ) |  | 360.1 |  |  | — |  |  | 117.6 |  |  | 4,663.9 |
Operating income |  | 474.1 |  |  | (68.7 | ) |  | (296.7 | ) |  | — |  |  | (62.9 | ) |  | 45.8 |
Equity in net loss of subsidiaries |  | — |  |  | — |  |  | (232.4 | ) |  | — |  |  | 232.4 |  |  | — |
Interest expense |  | (271.9 | ) |  | — |  |  | (124.2 | ) |  | — |  |  | (5.5 | ) |  | (401.6 | )
Affiliated interest expense |  | — |  |  | — |  |  | (29.6 | ) |  | — |  |  | 29.6 |  |  | — |
Gain on deconsolidation of subsidiary |  | — |  |  | — |  |  | 38.5 |  |  | — |  |  | — |  |  | 38.5 |
Other income (expense), net |  | (8.9 | ) |  | — |  |  | 29.8 |  |  | — |  |  | (10.7 | ) |  | 10.2 |
Income (loss) from continuing operations before income taxes |  | 193.3 |  |  | (68.7 | ) |  | (614.6 | ) |  | — |  |  | 182.9 |  |  | (307.1 | )
Income tax expense (benefit) |  | 43.9 |  |  | (24.0 | ) |  | (17.5 | ) |  | — |  |  | (18.6 | ) |  | (16.2 | )
Net income (loss) from continuing operations |  | 149.4 |  |  | (44.7 | ) |  | (597.1 | ) |  | — |  |  | 201.5 |  |  | (290.9 | )
(Loss) income from discontinued operations, net of tax |  | — |  |  | — |  |  | — |  |  | (221.5 | ) |  | — |  |  | (221.5 | )
Net (loss) income |  | 149.4 |  |  | (44.7 | ) |  | (597.1 | ) |  | (221.5 | ) |  | 201.5 |  |  | (512.4 | )
Less: Net income attributable to noncontrolling interest |  | 62.7 |  |  | — |  |  | (40.3 | ) |  | 22.0 |  |  | — |  |  | 44.4 |
Net loss attributable to controlling interest |  | $ | 86.7 |  |  | $ | (44.7 | ) |  | $ | (556.8 | ) |  | $ | (243.5 | ) |  | $ | 201.5 |  |  | $ | (556.8 | )
Fiscal 2014 |  | Consumer Products |  | Insurance |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Net consumer and other product sales |  | $ | 4,429.1 |  |  | $ | — |  |  | $ | 20.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,449.2 |
Net investment income |  | — |  |  | 9.3 |  |  | 33.4 |  |  | — |  |  | 47.4 |  |  | 90.1 |
Net investment gains (losses) |  | — |  |  | 135.0 |  |  | — |  |  | — |  |  | (45.7 | ) |  | 89.3 |
Insurance and investment product fees and other |  | — |  |  | — |  |  | — |  |  | — |  |  | 6.1 |  |  | 6.1 |
Total revenues |  | 4,429.1 |  |  | 144.3 |  |  | 53.5 |  |  | — |  |  | 7.8 |  |  | 4,634.7 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of consumer products and other goods sold |  | 2,860.3 |  |  | — |  |  | 15.3 |  |  | — |  |  | — |  |  | 2,875.6 |
Benefits and other changes in policy reserves |  | — |  |  | 92.8 |  |  | — |  |  | — |  |  | (25.9 | ) |  | 66.9 |
Selling, acquisition, operating and general expenses |  | 1,005.2 |  |  | 11.4 |  |  | 163.0 |  |  | — |  |  | 1.4 |  |  | 1,181.0 |
Impairments and bad debt expense |  | — |  |  | — |  |  | 2.3 |  |  | — |  |  | (0.2 | ) |  | 2.1 |
Amortization of intangibles |  | 81.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 81.7 |
Total operating costs and expenses |  | 3,947.2 |  |  | 104.2 |  |  | 180.6 |  |  | — |  |  | (24.7 | ) |  | 4,207.3 |
Operating income |  | 481.9 |  |  | 40.1 |  |  | (127.1 | ) |  | — |  |  | 32.5 |  |  | 427.4 |
Equity in net income of subsidiaries |  | — |  |  | — |  |  | 251.6 |  |  | — |  |  | (251.6 | ) |  | — |
Interest expense |  | (202.1 | ) |  | — |  |  | (89.7 | ) |  | — |  |  | (7.0 | ) |  | (298.8 | )
Affiliated interest expense |  | — |  |  | — |  |  | (15.6 | ) |  | — |  |  | 15.6 |  |  | — |
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | — |  |  | — |  |  | (12.7 | ) |  | — |  |  | — |  |  | (12.7 | )
Other income (expense), net |  | (6.3 | ) |  | — |  |  | (5.4 | ) |  | — |  |  | (0.2 | ) |  | (11.9 | )
Income (loss) from continuing operations before income taxes |  | 273.5 |  |  | 40.1 |  |  | 1.1 |  |  | — |  |  | (210.7 | ) |  | 104.0 |
Income tax expense (benefit) |  | 59.0 |  |  | 15.7 |  |  | 1.2 |  |  | — |  |  | 13.7 |  |  | 89.6 |
Net income (loss) from continuing operations |  | 214.5 |  |  | 24.4 |  |  | (0.1 | ) |  | — |  |  | (224.4 | ) |  | 14.4 |
(Loss) income from discontinued operations, net of tax |  | — |  |  | — |  |  | — |  |  | 87.3 |  |  | — |  |  | 87.3 |
Net (loss) income |  | 214.5 |  |  | 24.4 |  |  | (0.1 | ) |  | 87.3 |  |  | (224.4 | ) |  | 101.7 |
Less: Net income attributable to noncontrolling interest |  | 88.9 |  |  | — |  |  | 10.2 |  |  | 12.9 |  |  | — |  |  | 112.0 |
Net loss attributable to controlling interest |  | 125.6 |  |  | 24.4 |  |  | (10.3 | ) |  | 74.4 |  |  | (224.4 | ) |  | (10.3 | )
Less: Preferred stock dividends, accretion and loss on conversion |  | — |  |  | — |  |  | 73.6 |  |  | — |  |  | — |  |  | 73.6 |
Net loss attributable to common and participating preferred stockholders |  | $ | 125.6 |  |  | $ | 24.4 |  |  | $ | (83.9 | ) |  | $ | 74.4 |  |  | $ | (224.4 | ) |  | $ | (83.9 | )
| following schedules present the Company’s accompanying Consolidated Balance Sheets information at September 30, 2016 and 2015, and accompanying Consolidated Statements of Operations information for Fiscal 2016, 2015 and 2014. These schedules present the individual segments of the Company and their contribution to the Consolidated Financial Statements. Amounts presented will not necessarily be the same as those in the individual financial statements of the Company’s subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests. In addition, some of the Company’s subsidiaries use a classified balance sheet which also leads to differences in amounts reported for certain line items. The Corporate and Other column primarily reflects the parent company’s investment in its subsidiaries, invested cash portfolio and corporate long term debt, and the results of Salus and HGI Energy, as well as CorAmerica and FOH from their respective acquisition dates through the dates CorAmerica and FOH were deconsolidated. The elimination adjustments are for intercompany assets and liabilities, adjustments to align segment accounting policies with the consolidated basis, interest and dividends, the parent company’s investment in capital stocks of subsidiaries, and various reclasses of debit or credit balances to the amounts in consolidation. Purchase accounting adjustments have been pushed down to the appropriate subsidiary.

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