Consolidating Financial Information Consolidating Financial Information (Tables)

3 Months Ended

Dec. 31, 2017

Consolidating Financial Information [Abstract]

HRG Group, Inc. - Consolidating Balance Sheets Information



December 31, 2017	Consumer Products		Corporate and Other and Eliminations			Total
Assets:
Current assets:
Cash and cash equivalents	$	137.9	$	1,509.7		$	1,647.6
Trade receivables, net	278.4		—			278.4
Other receivables, net	18.8		64.2			83.0
Inventories, net	580.7		—			580.7
Prepaid expenses and other current assets	56.2		0.4			56.6
Current assets of businesses held for sale	1,990.6		—			1,990.6
Total current assets	3,062.6		1,574.3			4,636.9
Property, plant and equipment, net	506.0		0.7			506.7
Goodwill	2,276.4		—			2,276.4
Intangibles, net	1,598.6		—			1,598.6
Deferred charges and other assets	61.2		0.2			61.4
Total assets	$	7,504.8	$	1,575.2		$	9,080.0

Liabilities and Equity:
Current liabilities:
Current portion of long-term debt	$	20.1	$	914.4		$	934.5
Accounts payable	320.7		0.6			321.3
Accrued wages and salaries	27.9		3.6			31.5
Accrued interest	40.7		63.8			104.5
Other current liabilities	118.1		2.5			120.6
Current liabilities of businesses held for sale	608.2		—			608.2
Total current liabilities	1,135.7		984.9			2,120.6
Long-term debt, net of current portion	3,959.2		929.2			4,888.4
Employee benefit obligations	34.4		5.6			40.0
Deferred tax liabilities	298.2		—			298.2
Other long-term liabilities	102.8		2.4			105.2
Total liabilities	5,530.3		1,922.1			7,452.4
Total shareholders’ equity	1,165.6		(345.2		)	820.4
Noncontrolling interests	808.9		(1.7		)	807.2
Total shareholders’ equity	1,974.5		(346.9		)	1,627.6
Total liabilities and equity	$	7,504.8	$	1,575.2		$	9,080.0



September 30, 2017	Consumer Products		Corporate and Other and Eliminations			Insurance Segment Discontinued Operations		Total
Assets:
Current assets:
Cash and cash equivalents	$	168.2	$	101.9		$	—	$	270.1
Trade receivables, net	266.0		—			—		266.0
Other receivables, net	19.4		0.3			—		19.7
Inventories, net	496.3		—			—		496.3
Prepaid expenses and other current assets	54.2		0.6			—		54.8
Current assets of businesses held for sale	603.0		—			28,326.2		28,929.2
Total current assets	1,607.1		102.8			28,326.2		30,036.1
Property, plant and equipment, net	503.6		0.8			—		504.4
Goodwill	2,277.1		—			—		2,277.1
Intangibles, net	1,612.0		—			—		1,612.0
Deferred charges and other assets	43.5		0.2			—		43.7
Noncurrent assets of businesses held for sale	1,376.4		—			—		1,376.4
Total assets	$	7,419.7	$	103.8		$	28,326.2	$	35,849.7

Liabilities and Equity:
Current liabilities:
Current portion of long-term debt	$	19.4	$	142.0		$	—	$	161.4
Accounts payable	371.6		1.5			—		373.1
Accrued wages and salaries	50.6		5.5			—		56.1
Accrued interest	48.5		29.5			—		78.0
Other current liabilities	123.4		2.4			—		125.8
Current liabilities of businesses held for sale	499.9		—			26,350.7		26,850.6
Total current liabilities	1,113.4		180.9			26,350.7		27,645.0
Long-term debt, net of current portion	3,752.6		1,791.4			—		5,544.0
Employee benefit obligations	34.4		4.2			—		38.6
Deferred tax liabilities	493.2		—			—		493.2
Other long-term liabilities	23.6		2.6			—		26.2
Noncurrent liabilities of businesses held for sale	155.8		—			—		155.8
Total liabilities	5,573.0		1,979.1			26,350.7		33,902.8
Total shareholders’ equity	1,095.4		(1,873.7		)	1,536.3		758.0
Noncontrolling interests	751.3		(1.6		)	439.2		1,188.9
Total shareholders’ equity	1,846.7		(1,875.3		)	1,975.5		1,946.9
Total liabilities and equity	$	7,419.7	$	103.8		$	28,326.2	$	35,849.7

Schedule of Income Statement Information

HRG Group, Inc. - Consolidating Statements of Operations Information



Three months ended December 31, 2017	Consumer Products			Corporate and Other and eliminations			Insurance Segment Discontinued Operations		Total
Revenues:
Net sales	$	646.5		$	—		$	—	$	646.5
Operating costs and expenses:
Cost of goods sold	403.8			—			—		403.8
Selling, acquisition, operating and general expenses	208.7			7.4			—		216.1
Total operating costs and expenses	612.5			7.4			—		619.9
Operating income	34.0			(7.4		)	—		26.6
Interest expense	(38.6		)	(36.9		)	—		(75.5		)
Other income, net	(1.3		)	2.3			—		1.0
Loss from continuing operations before income taxes	(5.9		)	(42.0		)	—		(47.9		)
Income tax (benefit) expense	(126.0		)	—			—		(126.0		)
Net income (loss) from continuing operations	120.1			(42.0		)	—		78.1
Income from discontinued operations, net of tax	40.9			—			459.9		500.8
Net income	161.0			(42.0		)	459.9		578.9
Less: Net income attributable to noncontrolling interest	66.1			—			5.4		71.5
Net income attributable to controlling interest	$	94.9		$	(42.0	)	$	454.5	$	507.4



Three months ended December 31, 2016	Consumer Products			Corporate and Other and eliminations			Insurance Segment Discontinued Operations		Total
Revenues:
Net sales	$	602.3		$	—		$	—	$	602.3
Operating costs and expenses:
Cost of goods sold	362.1			—			—		362.1
Selling, acquisition, operating and general expenses	178.7			20.2			—		198.9
Total operating costs and expenses	540.8			20.2			—		561.0
Operating income	61.5			(20.2		)	—		41.3
Interest expense	(43.0		)	(35.7		)	—		(78.7		)
Other income, net	1.0			—			—		1.0
Loss from continuing operations before income taxes	19.5			(55.9		)	—		(36.4		)
Income tax (benefit) expense	6.7			(1.1		)	—		5.6
Net income (loss) from continuing operations	12.8			(54.8		)	—		(42.0		)
Income from discontinued operations, net of tax	52.4			—			250.4		302.8
Net income	65.2			(54.8		)	250.4		260.8
Less: Net income attributable to noncontrolling interest	27.5			—			21.1		48.6
Net income attributable to controlling interest	$	37.7		$	(54.8	)	$	229.3	$	212.2