Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Sep. 30, 2014

Consolidating Financial Information [Abstract]

Harbinger Group Inc. - Condensed Consolidating Balance Sheet Information



September 30, 2014	Consumer Products		Insurance		Energy		Asset Management		Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	18,820.7	$	—	$	584.6	$	93.7	$	(246.5	)	$	19,252.5
Investments in subsidiaries and affiliates	—		68.2		—		—		2,237.9		(2,306.1		)	—
Affiliated loans and receivables	—		157.2		—		28.5		—		(185.7		)	—
Cash and cash equivalents	194.6		633.8		14.2		53.5		423.1		—			1,319.2
Receivables, net	515.3		2.1		23.7		0.9		43.1		—			585.1
Inventories, net	624.5		—		—		—		10.7		—			635.2
Accrued investment income	—		181.8		—		3.7		—		(0.6		)	184.9
Reinsurance recoverable	—		2,397.6		—		—		—		—			2,397.6
Deferred tax assets	46.7		139.0		—		—		1.1		(0.1		)	186.7
Properties, including oil and natural gas properties, net	428.9		11.4		464.4		1.4		2.5		—			908.6
Goodwill	1,469.6		—		—		10.7		44.5		—			1,524.8
Intangibles, including DAC and VOBA, net	2,091.5		550.4		—		—		41.8		—			2,683.7
Other assets	141.9		233.6		2.5		9.2		34.7		—			421.9
Total assets	$	5,513.0	$	23,195.8	$	504.8	$	692.5	$	2,933.1	$	(2,739.0	)	$	30,100.2

Liabilities and Equity:
Insurance reserves	$	—	$	20,215.1	$	—	$	—	$	—	$	—		$	20,215.1
Debt	2,990.9		300.0		243.2		298.7		1,325.0		—			5,157.8
Accounts payable and other current liabilities	816.2		71.9		31.3		8.5		104.6		0.5			1,033.0
Employee benefit obligations	81.9		—		—		—		4.3		—			86.2
Deferred tax liabilities	516.0		—		—		—		17.2		0.1			533.3
Other liabilities	21.2		748.9		27.3		19.3		1.1		—			817.8
Affiliated debt and payables	—		7.8		102.3		286.5		34.8		(431.4		)	—
Total liabilities	4,426.2		21,343.7		404.1		613.0		1,487.0		(430.8		)	27,843.2
Temporary equity	—		—		—		—		—		—			—
Total stockholders’ equity	612.4		1,526.9		100.7		68.2		1,441.6		(2,308.2		)	1,441.6
Noncontrolling interests	474.4		325.2		—		11.3		4.5		—			815.4
Total permanent equity	1,086.8		1,852.1		100.7		79.5		1,446.1		(2,308.2		)	2,257.0
Total liabilities and equity	$	5,513.0	$	23,195.8	$	504.8	$	692.5	$	2,933.1	$	(2,739.0	)	$	30,100.2



September 30, 2013	Consumer Products		Insurance		Energy		Asset Management			Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	16,282.3	$	—	$	389.3		$	42.3	$	(248.0	)	$	16,465.9
Investment in subsidiaries and affiliates	—		62.0		—		—			2,012.9		(2,074.9		)	—
Affiliated loans and receivables	—		150.1		—		0.9			—		(151.0		)	—
Cash and cash equivalents	207.3		1,248.3		18.7		166.5			258.9		—			1,899.7
Receivables, net	546.9		—		22.2		1.2			41.0		—			611.3
Inventories, net	632.9		—		—		—			—		—			632.9
Accrued investment income	—		159.3		—		2.3			—		(0.4		)	161.2
Reinsurance recoverable	—		2,363.7		—		—			—		—			2,363.7
Deferred tax assets	33.0		260.4		—		—			—		—			293.4
Properties, including oil and natural gas properties, net	412.5		7.0		572.6		0.7			0.5		—			993.3
Goodwill	1,476.7		—		—		—			—		—			1,476.7
Intangibles, including DAC and VOBA, net	2,163.2		565.9		—		—			—		—			2,729.1
Other assets	154.2		84.1		4.1		11.3			27.9		—			281.6
Total assets	$	5,626.7	$	21,183.1	$	617.6	$	572.2		$	2,383.5	$	(2,474.3	)	$	27,908.8

Liabilities and Equity:
Insurance reserves	$	—	$	18,895.9	$	—	$	—		$	—	$	—		$	18,895.9
Debt	3,218.9		300.0		271.2		181.8			924.2		—			4,896.1
Accounts payable and other current liabilities	849.4		52.9		32.8		6.3			71.3		—			1,012.7
Equity conversion feature of preferred stock	—		—		—		—			330.8		—			330.8
Employee benefit obligations	96.6		—		—		—			3.0		—			99.6
Deferred tax liabilities	492.8		—		—		—			—		—			492.8
Other liabilities	28.9		640.2		25.4		23.3			0.2		—			718.0
Affiliated debt and payables	—		0.8		102.2		293.3			—		(396.3		)	—
Total liabilities	4,686.6		19,889.8		431.6		504.7			1,329.5		(396.3		)	26,445.9
Temporary equity	—		—		0.1		—			329.3		—			329.4
Total stockholders’ equity	531.0		1,293.3		185.9		67.8			724.7		(2,078.0		)	724.7
Noncontrolling interests	409.1		—		—		(0.3		)	—		—			408.8
Total permanent equity	940.1		1,293.3		185.9		67.5			724.7		(2,078.0		)	1,133.5
Total liabilities and equity	$	5,626.7	$	21,183.1	$	617.6	$	572.2		$	2,383.5	$	(2,474.3	)	$	27,908.8

Schedule of Income Statement Information

Harbinger Group Inc. - Condensed Consolidating Statements of Operations Information



Year ended September 30, 2014	Consumer Products			Insurance			Energy			Asset Management			Corporate and Other			Eliminations			Total
Revenues:
Net consumer and other product sales	$	4,429.1		$	—		$	—		$	—		$	20.1		$	—		$	4,449.2
Oil and natural gas	—			—			147.0			—			—			—			147.0
Insurance premiums	—			56.6			—			—			—			—			56.6
Net investment income	—			824.5			—			34.2			—			(16.5		)	842.2
Net investment gains	—			395.9			—			—			—			(0.6		)	395.3
Insurance and investment product fees and other	—			72.7			—			—			—			—			72.7
Total revenues	4,429.1			1,349.7			147.0			34.2			20.1			(17.1		)	5,963.0
Operating costs and expenses:
Cost of consumer products and other goods sold	2,860.3			—			—			—			15.3			—			2,875.6
Oil and natural gas direct operating costs	—			—			69.6			—			—			—			69.6
Benefits and other changes in policy reserves	—			852.7			—			—			—			—			852.7
Selling, acquisition, operating and general expenses	1,005.2			114.7			50.1			33.5			131.3			0.6			1,335.4
Impairment of oil and gas properties	—			—			81.0			—			—			—			81.0
Amortization of intangibles	81.7			97.5			—			—			—			—			179.2
Total operating costs and expenses	3,947.2			1,064.9			200.7			33.5			146.6			0.6			5,393.5
Operating income (loss)	481.9			284.8			(53.7		)	0.7			(126.5		)	(17.7		)	569.5
Equity in net income (losses) of subsidiaries	—			(6.0		)	—			—			221.4			(215.4		)	—
Interest expense	(202.1		)	(22.5		)	(7.7		)	—			(89.6		)	—			(321.9		)
Affiliated interest expense	—			—			(9.0		)	(6.0		)	(1.5		)	16.5			—
Loss from the change in the fair value of the equity conversion feature of preferred stock	—			—			—			—			(12.7		)	—			(12.7		)
Gain on contingent purchase price reduction	—			—			—			—			0.5			—			0.5
Other expense, net	(6.3		)	—			(6.5		)	(1.2		)	(4.7		)	(3.5		)	(22.2		)
Income (loss) from continuing operations before income taxes	273.5			256.3			(76.9		)	(6.5		)	(13.1		)	(220.1		)	213.2
Income tax expense (benefit)	59.0			54.0			—			(0.1		)	0.9			(2.3		)	111.5
Net income (loss)	214.5			202.3			(76.9		)	(6.4		)	(14.0		)	(217.8		)	101.7
Less: Net income (loss) attributable to noncontrolling interest	88.9			27.2			—			(0.4		)	(3.7		)	—			112.0
Net (loss) income attributable to controlling interest	125.6			175.1			(76.9		)	(6.0		)	(10.3		)	(217.8		)	(10.3		)
Less: Preferred stock dividends, accretion and loss on conversion	—			—			—			—			73.6			—			73.6
Net (loss) income attributable to common and participating preferred stockholders	$	125.6		$	175.1		$	(76.9	)	$	(6.0	)	$	(83.9	)	$	(217.8	)	$	(83.9	)



Year ended September 30, 2013	Consumer Products			Insurance			Energy			Asset Management			Corporate and Other			Eliminations			Total
Revenues:
Net consumer and other product sales	$	4,085.6		$	—		$	—		$	—		$	—		$	—		$	4,085.6
Oil and natural gas	—			—			90.2			—			—			—			90.2
Insurance premiums	—			58.8			—			—			—			—			58.8
Net investment income	—			715.5			—			28.9			—			(9.7		)	734.7
Net investment gains	—			511.6			—			—			—			—			511.6
Insurance and investment product fees and other	—			62.5			—			—			—			—			62.5
Total revenues	4,085.6			1,348.4			90.2			28.9			—			(9.7		)	5,543.4
Operating costs and expenses:
Cost of consumer products and other goods sold	2,695.3			—			—			—			—			—			2,695.3
Oil and natural gas direct operating costs	—			—			44.0			—			—			—			44.0
Benefits and other changes in policy reserves	—			531.8			—			—			—			—			531.8
Selling, acquisition, operating and general expenses	961.3			111.4			37.1			18.5			91.0			1.2			1,220.5
Impairment of oil and natural gas properties	—			—			54.3			—			—			—			54.3
Amortization of intangibles	77.8			182.3			—			—			—			—			260.1
Total operating costs and expenses	3,734.4			825.5			135.4			18.5			91.0			1.2			4,806.0
Operating income (loss)	351.2			522.9			(45.2		)	10.4			(91.0		)	(10.9		)	737.4
Equity in net income of subsidiaries	—			—			—			—			266.3			(266.3		)	—
Interest expense	(375.6		)	(11.5		)	(4.7		)	—			(120.1		)	—			(511.9		)
Affiliated interest expense	—			—			(5.6		)	(4.1		)	—			9.7			—
Loss from the change in the fair value of the equity conversion feature of preferred stock	—			—			—			—			(101.6		)	—			(101.6		)
Other expense net	(3.5		)	(0.2		)	(1.3		)	—			(0.6		)	—			(5.6		)
Income (loss) from continuing operations before income taxes	(27.9		)	511.2			(56.8		)	6.3			(47.0		)	(267.5		)	118.3
Income tax expense (benefit)	27.4			161.0			—			0.1			(1.2		)	—			187.3
Net (loss) income	(55.3		)	350.2			(56.8		)	6.2			(45.8		)	(267.5		)	(69.0		)
Less: Net (loss) income attributable to noncontrolling interest	(23.6		)	—			—			0.4			—			—			(23.2		)
Net (loss) income attributable to controlling interest	(31.7		)	350.2			(56.8		)	5.8			(45.8		)	(267.5		)	(45.8		)
Less: Preferred stock dividends, accretion and loss on conversion	—			—			—			—			48.4			—			48.4
Net (loss) income attributable to common and participating preferred stockholders	$	(31.7	)	$	350.2		$	(56.8	)	$	5.8		$	(94.2	)	$	(267.5	)	$	(94.2	)



Year ended September 30, 2012	Consumer Products			Insurance			Energy		Asset Management			Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	3,252.4		$	—		$	—	$	—		$	—		$	—		$	3,252.4
Insurance premiums	—			55.3			—		—			—			—			55.3
Net investment income	—			716.2			—		8.6			—			(2.1		)	722.7
Net investment gains (losses)	—			410.0			—		—			—			—			410.0
Insurance and investment product fees and other	—			40.3			—		—			—			—			40.3
Total revenues	3,252.4			1,221.8			—		8.6			—			(2.1		)	4,480.7
Operating costs and expenses:
Consumer products cost of goods sold	2,136.8			—			—		—			—			—			2,136.8
Benefits and other changes in policy reserves	—			777.4			—		—			—			—			777.4
Selling, acquisition, operating and general expenses	750.1			123.9			—		6.1			52.6			—			932.7
Amortization of intangibles	63.7			160.6			—		—			—			—			224.3
Total operating costs and expenses	2,950.6			1,061.9			—		6.1			52.6			—			4,071.2
Operating income (loss)	301.8			159.9			—		2.5			(52.6		)	(2.1		)	409.5
Equity in net income (losses) of subsidiaries	—			—			—		—			372.0			(372.0		)	—
Interest expense	(191.9		)	(2.5		)	—		—			(56.6		)	—			(251.0		)
Affiliated interest income	—			—			—		(2.1		)	—			2.1			—
Gain from the change in the fair value of the equity conversion feature of preferred stock	—			—			—		—			(156.6		)	—			(156.6		)
Gain on contingent purchase price reduction	—			41.0			—		—			—			—			41.0
Other expense, net	(0.9		)	0.1			—		—			(16.7		)	—			(17.5		)
Income from continuing operations before income taxes	109.0			198.5			—		0.4			89.5			(372.0		)	25.4
Income tax expense (benefit)	60.4			(145.7		)	—		—			—			—			(85.3		)
Net income	48.6			344.2			—		0.4			89.5			(372.0		)	110.7
Less: Net income attributable to noncontrolling interest	21.2			—			—		—			—			—			21.2
Net income attributable to controlling interest	27.4			344.2			—		0.4			89.5			(372.0		)	89.5
Less: Preferred stock dividends and accretion and loss on conversion	—			—			—		—			59.6			—			59.6
Net income attributable to common and participating preferred stockholders	$	27.4		$	344.2		$	—	$	0.4		$	29.9		$	(372.0	)	$	29.9