Consolidating Financial Information (Tables)

9 Months Ended

Jun. 30, 2017

HRG Group, Inc. - Condensed Consolidating Balance Sheets Information



June 30, 2017	Consumer Products		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investments in subsidiaries and affiliates	$	—	$	2,605.2		$	—	$	(2,605.2	)	$	—
Affiliated loans and receivables	—		0.2			—		(0.2		)	—
Cash and cash equivalents	109.9		156.3			—		—			266.2
Receivables, net	658.3		2.7			—		—			661.0
Inventories, net	843.7		—			—		—			843.7
Deferred tax assets	18.3		—			—		—			18.3
Property, plant and equipment, net	675.1		0.8			—		—			675.9
Goodwill	2,621.3		—			—		—			2,621.3
Intangibles, net	2,453.4		—			—		—			2,453.4
Other assets	141.1		2.9			—		—			144.0
Assets of business held for sale	—		—			27,811.7		—			27,811.7
Total assets	$	7,521.1	$	2,768.1		$	27,811.7	$	(2,605.4	)	$	35,495.5

Liabilities and Equity
Debt	$	4,100.6	$	1,791.8		$	—	$	140.1		$	6,032.5
Accounts payable and other current liabilities	871.2		70.6			—		—			941.8
Employee benefit obligations	112.6		4.5			—		—			117.1
Deferred tax liabilities	583.9		12.1			—		—			596.0
Other liabilities	37.6		2.9			—		—			40.5
Affiliated debt and payables	—		158.5			—		(158.5		)	—
Liabilities of business held for sale	—		—			25,870.9		—			25,870.9
Total liabilities	5,705.9		2,040.4			25,870.9		(18.4		)	33,598.8
Total stockholders’ equity	1,060.3		729.3			1,526.7		(2,587.0		)	729.3
Noncontrolling interests	754.9		(1.6		)	414.1		—			1,167.4
Total permanent equity	1,815.2		727.7			1,940.8		(2,587.0		)	1,896.7
Total liabilities and equity	$	7,521.1	$	2,768.1		$	27,811.7	$	(2,605.4	)	$	35,495.5



September 30, 2016	Consumer Products		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investment in subsidiaries and affiliates	$	—	$	2,405.3		$	—	$	(2,405.3	)	$	—
Cash and cash equivalents	275.3		189.9			—		—			465.2
Receivables, net	538.2		0.9			—		—			539.1
Inventories, net	740.6		—			—		—			740.6
Deferred tax assets	18.3		—			—		—			18.3
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		34.6			—		—			138.3
Assets of business held for sale	—		—			26,284.3		—			26,284.3
Total assets	$	7,069.1	$	2,632.0		$	26,284.3	$	(2,405.3	)	$	33,580.1

Liabilities and Equity:
Debt	$	3,620.2	$	1,747.7		$	—	$	157.9		$	5,525.8
Accounts payable and other current liabilities	931.6		51.6			—		—			983.2
Employee benefit obligations	120.2		5.2			—		—			125.4
Deferred tax liabilities	532.7		13.3			—		—			546.0
Other liabilities	20.4		8.3			—		—			28.7
Affiliated debt and payables	—		171.2			—		(171.2		)	—
Liabilities of business held for sale	—		—			24,553.8		—			24,553.8
Total liabilities	5,225.1		1,997.3			24,553.8		(13.3		)	31,762.9
Total stockholders’ equity	1,040.4		638.1			1,351.6		(2,392.0		)	638.1
Noncontrolling interests	803.6		(3.4		)	378.9		—			1,179.1
Total permanent equity	1,844.0		634.7			1,730.5		(2,392.0		)	1,817.2
Total liabilities and equity	$	7,069.1	$	2,632.0		$	26,284.3	$	(2,405.3	)	$	33,580.1

HRG Group, Inc. - Condensed Consolidating Statements of Operations Information



Nine months ended June 30, 2017	Consumer Products			Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Revenues:
Net sales	$	3,685.6		$	—		$	—	$	—		$	3,685.6
Net investment income	—			1.1			—		—			1.1
Total revenues	3,685.6			1.1			—		—			3,686.7
Operating costs and expenses:
Cost of goods sold	2,307.1			—			—		—			2,307.1
Selling, acquisition, operating and general expenses	925.5			41.0			—		—			966.5
Total operating costs and expenses	3,232.6			41.0			—		—			3,273.6
Operating income	453.0			(39.9		)	—		—			413.1
Equity in net income of subsidiaries	—			281.7			—		(281.7		)	—
Interest expense	(158.8		)	(110.3		)	—		(0.5		)	(269.6		)
Affiliated interest expense	—			(5.6		)	—		5.6			—
Other (expense) income, net	(2.9		)	0.6			—		—			(2.3		)
Income from continuing operations before income taxes	291.3			126.5			—		(276.6		)	141.2
Income tax expense (benefit)	88.8			(5.6		)	—		4.2			87.4
Net income from continuing operations	202.5			132.1			—		(280.8		)	53.8
Income (loss) from discontinued operations, net of tax	—			—			195.4		—			195.4
Net income (loss)	202.5			132.1			195.4		(280.8		)	249.2
Less: Net income attributable to noncontrolling interest	85.5			(0.1		)	31.6		—			117.0
Net income (loss) attributable to controlling interest	$	117.0		$	132.2		$	163.8	$	(280.8	)	$	132.2



Nine months ended June 30, 2016	Consumer Products			Corporate and Other			Discontinued Operations			Eliminations and adjustments			Total
Revenues:
Net sales	$	3,790.0		$	—		$	—		$	—		$	3,790.0
Net investment income	—			7.9			—			—			7.9
Other	—			0.9			—			—			0.9
Total revenues	3,790.0			8.8			—			—			3,798.8
Operating costs and expenses:
Cost of goods sold	2,355.8			—			—			—			2,355.8
Selling, acquisition, operating and general expenses	936.4			68.6			—			—			1,005.0
Total operating costs and expenses	3,292.2			68.6			—			—			3,360.8
Operating income	497.8			(59.8		)	—			—			438.0
Equity in net income of subsidiaries	—			(27.2		)	—			27.2			—
Interest expense	(175.8		)	(107.2		)	—			(6.8		)	(289.8		)
Affiliated interest expense	—			(9.4		)	—			9.4			—
Other (expense) income, net	(6.5		)	4.4			—			1.9			(0.2		)
Income from continuing operations before income taxes	315.5			(199.2		)	—			31.7			148.0
Income tax expense (benefit)	46.9			(2.5		)	—			(48.9		)	(4.5		)
Net income from continuing operations	268.6			(196.7		)	—			80.6			152.5
Income (loss) from discontinued operations, net of tax	—			—			(222.6		)	—			(222.6		)
Net income (loss)	268.6			(196.7		)	(222.6		)	80.6			(70.1		)
Less: Net income attributable to noncontrolling interest	113.5			(5.2		)	13.1			—			121.4
Net income (loss) attributable to controlling interest	$	155.1		$	(191.5	)	$	(235.7	)	$	80.6		$	(191.5	)