XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Segment Data | 3 Months Ended
--- | ---
Dec. 31, 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 months ended December 31, 2015 and 2014.
|  | Three months ended December 31,
|  | 2015 |  | 2014
Revenues: |  |  |  |
Consumer Products |  | $ | 1,218.8 |  |  | $ | 1,067.8 |
Insurance |  | (10.0 | ) |  | 34.5 |
Energy |  | 16.8 |  |  | 34.3 |
Asset Management |  | 6.0 |  |  | 8.0 |
Intersegment elimination |  | (5.4 | ) |  | (23.8 | )
Consolidated segment revenues |  | 1,226.2 |  |  | 1,120.8 |
Corporate and Other |  | — |  |  | 21.0 |
Total revenues |  | $ | 1,226.2 |  |  | $ | 1,141.8 |
Operating income (loss): |  |  |  |
Consumer Products |  | $ | 142.5 |  |  | $ | 115.6 |
Insurance |  | — |  |  | 5.6 |
Energy |  | (64.5 | ) |  | (195.0 | )
Asset Management |  | (9.1 | ) |  | (1.2 | )
Intersegment elimination |  | (19.0 | ) |  | (16.2 | )
Total segment operating income (loss) |  | 49.9 |  |  | (91.2 | )
Corporate and Other and eliminations |  | (14.6 | ) |  | (123.8 | )
Consolidated operating income (loss) |  | 35.3 |  |  | (215.0 | )
Interest expense |  | (97.5 | ) |  | (76.4 | )
Gain on sale of oil and gas properties |  | 105.6 |  |  | — |
Gain upon gaining control of equity method investment |  | — |  |  | 141.2 |
Other income, net |  | 1.1 |  |  | 32.8 |
Income (loss) from continuing operations before income taxes |  | 44.5 |  |  | (117.4 | )
Income tax expense |  | 1.9 |  |  | 6.0 |
Net income (loss) from continuing operations |  | 42.6 |  |  | (123.4 | )
(Loss) income from discontinued operations, net of tax |  | (35.6 | ) |  | 17.0 |
Net income (loss) |  | 7.0 |  |  | (106.4 | )
Less: Net income attributable to noncontrolling interest |  | 40.9 |  |  | 3.4 |
Net loss attributable to controlling interest |  | $ | (33.9 | ) |  | $ | (109.8 | )
| Three months ended December 31,
Net change in cash due to continuing operating activities | 2015 |  | 2014
Consumer Products | $ | (223.2 | ) |  | $ | (146.5 | )
Insurance | (11.8 | ) |  | 1.0 |
Energy | (8.5 | ) |  | 4.4 |
Asset Management | (7.9 | ) |  | (8.1 | )
Intersegment elimination | 46.2 |  |  | (37.1 | )
Net change in cash due to segment operating activities | (205.2 | ) |  | (186.3 | )
Net change in cash due to corporate and other operating activities | (22.3 | ) |  | (77.1 | )
Consolidated change in cash due to continuing operating activities | $ | (227.5 | ) |  | $ | (263.4 | )

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