| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
1,662,700 | 1,774,100 | 1,482,500 | 1,415,700 | - | - | - | - | - | - |
Revenue | |||||||||
- | - | - | - | 1,117,941 | - | - | - | - | - |
Services revenue | |||||||||
- | - | - | - | - | 197,280 | 230,686 | 302,959 | - | - |
Sales revenue | |||||||||
- | - | - | - | - | 350,158 | 0 | 0 | - | - |
Life, accident and health earned premiums, net | |||||||||
116,900 | 94,400 | 80,500 | 79,400 | 1,578 | 0 | - | - | - | - |
Net investment income | |||||||||
203,800 | 116,600 | 66,100 | 58,000 | 1,031 | 0 | - | - | - | - |
Net realized and unrealized gains (losses) on investments | |||||||||
700 | -8,400 | 5,000 | 5,000 | 256 | 0 | - | - | - | - |
Net revenue | |||||||||
1,984,100 | 1,976,700 | 1,634,100 | 1,558,100 | 1,120,806 | 547,438 | 230,686 | 302,959 | 411,983 | 282,017 |
Operating expenses | |||||||||
Cost of revenue | |||||||||
1,424,900 | 1,585,200 | 1,313,100 | 1,254,000 | 982,623 | - | - | - | 389,412 | 134,892 |
Cost of revenue - services | |||||||||
- | - | - | - | - | 177,812 | 220,315 | 285,631 | - | - |
Cost of revenue - sales | |||||||||
- | - | - | - | - | 296,530 | 0 | 0 | - | - |
Policy benefits, changes in reserves, and commissions | |||||||||
234,400 | 197,300 | 108,700 | 123,200 | 2,245 | 0 | - | - | - | - |
Selling, general and administrative | |||||||||
214,300 | 218,400 | 182,800 | 152,900 | 108,527 | 80,239 | 34,692 | 45,202 | 42,299 | 113,008 |
Depreciation and amortization | |||||||||
32,000 | 31,700 | 31,300 | 24,500 | 24,796 | 6,719 | 12,032 | 3,204 | 6,636 | 40,177 |
(Gain) loss on sale or disposal of assets | |||||||||
- | - | - | - | - | 162 | 8 | -520 | -124 | 196 |
Lease termination costs | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Asset impairment expense | |||||||||
- | - | - | - | - | 291 | - | - | - | - |
Asset impairment expense | |||||||||
55,000 | 1,000 | - | - | - | - | 2,791 | 20,298 | 14,679 | 0 |
Other operating income | |||||||||
5,600 | 1,100 | 700 | -5,000 | -1,902 | - | - | - | - | - |
Total operating expenses | |||||||||
1,955,000 | 2,032,500 | - | - | - | - | - | - | - | - |
Total operating expenses | |||||||||
- | - | 1,635,200 | 1,559,600 | 1,120,093 | 561,429 | 269,822 | 354,855 | 453,150 | 287,881 |
Income (loss) from operations | |||||||||
29,100 | -55,800 | -1,100 | -1,500 | 713 | -13,991 | -39,136 | -51,896 | -41,167 | -5,864 |
Interest expense | |||||||||
95,100 | 75,700 | 55,100 | 43,400 | 39,017 | 12,347 | 8 | 27 | 94 | 35,331 |
ACCRETION ON DEBT DISCOUNT | |||||||||
- | - | - | - | - | - | 0 | 0 | - | 183 |
Loss on early extinguishment or restructuring of debt | |||||||||
- | - | - | - | - | - | 0 | 0 | - | 164 |
Gain on bargain purchase | |||||||||
1,100 | 115,400 | 0 | 0 | - | - | - | - | - | - |
Other income, net | |||||||||
6,000 | 77,900 | -12,800 | -2,800 | -6,820 | 702 | - | - | - | - |
Gain on sale and deconsolidation of subsidiary | |||||||||
0 | 105,100 | 0 | 0 | - | - | - | - | - | - |
Loss on early extinguishment or restructuring of debt | |||||||||
- | - | - | - | - | -11,969 | - | - | - | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||
- | - | -11,400 | 8,900 | 0 | 0 | - | - | - | - |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE REORGANIZATION ITEMS AND INCOME TAXES | |||||||||
- | - | - | - | - | - | - | - | - | -48,548 |
REORGANIZATION ITEMS, net | |||||||||
- | - | - | - | - | - | - | - | - | 1 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME (LOSS) FROM EQUITY INVESTEES | |||||||||
- | - | - | - | - | - | -25,054 | -48,003 | - | -48,547 |
Loss from equity investees | |||||||||
2,200 | 15,400 | 17,800 | 10,800 | -1,499 | 3,050 | 0 | 0 | - | - |
GAIN FROM CONTINGENT VALUE RIGHTS VALUATION | |||||||||
- | - | - | - | - | - | 14,904 | 1,292 | 2,902 | - |
INTEREST INCOME AND OTHER EXPENSE, net | |||||||||
- | - | - | - | - | - | -226 | 90 | - | - |
GAIN (LOSS) FROM CONTINGENT VALUE RIGHTS VALUATION | |||||||||
- | - | - | - | - | - | - | - | - | -13,737 |
INTEREST INCOME AND OTHER INCOME (EXPENSE), net | |||||||||
- | - | - | - | - | - | - | - | 169 | -167 |
FOREIGN CURRENCY TRANSACTION GAIN (LOSS) | |||||||||
- | - | - | - | - | - | -588 | 2,538 | -4,301 | 6,570 |
(Loss) income from continuing operations before income taxes | |||||||||
-56,700 | 182,300 | -39,800 | -45,800 | -46,623 | -34,555 | - | - | -42,491 | - |
Income tax benefit (expense) | |||||||||
-20,600 | 2,400 | 10,700 | 51,600 | -10,882 | -22,869 | -7,442 | -3,132 | 1,066 | -6,515 |
(Loss) income from continuing operations | |||||||||
- | - | - | - | -35,741 | -11,686 | -17,612 | -44,853 | -49,018 | -41,927 |
Less: Loss from discontinued operations, net of tax | |||||||||
- | - | - | - | -21 | -146 | -19,621 | -21,525 | 15,069 | 19,914 |
Gain (loss) from sale of discontinued operations | |||||||||
- | - | - | - | - | - | 148,839 | 94,265 | -4,781 | 2,926 |
Net loss | |||||||||
-36,100 | 179,900 | -50,500 | -97,400 | -35,762 | -11,832 | 111,606 | 27,869 | -33,269 | -19,192 |
Net loss attributable to noncontrolling interest and redeemable noncontrolling interest | |||||||||
-4,600 | 17,900 | -3,600 | -2,900 | -197 | 2,559 | 0 | -18 | 5,461 | -105 |
Net loss attributable to HC2 Holdings, Inc. | |||||||||
-31,500 | 162,000 | -46,900 | -94,500 | -35,565 | -14,391 | 111,606 | 27,887 | -38,730 | -19,087 |
Less: Preferred dividends, deemed dividends and repurchase gains | |||||||||
0 | 6,400 | 2,800 | 10,900 | 4,285 | 2,049 | 0 | 0 | - | - |
Net loss attributable to common stock and participating preferred stockholders | |||||||||
-31,500 | 155,600 | -49,700 | -105,400 | -39,850 | -16,440 | 111,606 | 27,887 | - | - |
NET INCOME (LOSS) ATTRIBUTABLE TO HC2 HOLDINGS, INC. | |||||||||
-31,500 | 162,000 | -46,900 | -94,500 | -35,565 | - | - | - | -38,730 | -19,087 |
(Loss) income per share - continuing operations | |||||||||
Dividends declared per basic weighted average common shares outstanding (in USD per share) | |||||||||
- | - | - | - | - | - | 8.58 | 4.09 | 0.00 | 0.00 |
Basic and diluted (in usd per share) | |||||||||
- | - | - | - | -1.50 | - | - | - | - | - |
Loss from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | 0.00 | - | - | - | - | - |
Basic and diluted loss per share (in dollars per share) | |||||||||
- | - | - | - | -1.50 | - | - | - | - | - |
Net (loss) income attributable to continuing operations - basic (in usd per share) | |||||||||
-0.66 | 3.14 | -1.16 | -2.83 | - | -0.82 | -1.25 | -3.24 | -3.77 | -4.31 |
Net (loss) income attributable to continuing operations - diluted (in usd per share) | |||||||||
-0.66 | 2.90 | -1.16 | -2.83 | - | -0.82 | -1.25 | -3.24 | -3.77 | -4.31 |
Loss per share - Net loss attributable to common stock and participating preferred stockholders | |||||||||
Gain (loss) from discontinued operations (in usd per share) | |||||||||
- | - | - | - | - | -0.01 | -1.40 | -1.55 | 1.16 | 2.05 |
Gain (loss) from sale of discontinued operations (in USD per share) | |||||||||
- | - | - | - | - | - | 10.60 | 6.81 | -0.37 | - |
Gain (loss) from sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 0.30 |
Basic (in usd per share) | |||||||||
- | - | - | - | - | -0.83 | 7.95 | 2.02 | -2.98 | -1.96 |
Gain (loss) from discontinued operations (in usd per share) | |||||||||
- | - | - | - | - | -0.01 | -1.40 | -1.55 | 1.16 | 2.05 |
Gain (loss) from sale of discontinued operations (in USD per share) | |||||||||
- | - | - | - | - | - | 10.60 | 6.81 | -0.37 | - |
Gain (loss) from sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 0.30 |
Diluted (in usd per share) | |||||||||
- | - | - | - | - | -0.83 | 7.95 | 2.02 | -2.98 | -1.96 |
Weighted average common shares outstanding: | |||||||||
Basic (in shares) | |||||||||
44,800 | 44,300 | 42,800 | 37,300 | - | 19,729 | 14,047 | 13,844 | 12,994 | 9,721 |
Diluted (in shares) | |||||||||
44,800 | 46,800 | 42,800 | 37,300 | - | 19,729 | 14,047 | 13,844 | 12,994 | 9,721 |
Basic and diluted (in shares) | |||||||||
- | - | - | - | 26,482 | - | - | - | - | - |
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. | |||||||||
- | - | - | - | - | - | -17,612 | -44,871 | -43,557 | -42,032 |
Income (loss) from discontinued operations | |||||||||
- | - | - | - | -21 | - | -19,621 | -21,525 | 15,069 | 19,914 |
Gain (loss) from sale of discontinued operations | |||||||||
- | - | - | - | - | - | 148,839 | 94,265 | -4,781 | 2,926 |
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK AND PARTICIPATING PREFERRED STOCKHOLDERS | |||||||||
-31,500 | 155,600 | -49,700 | -105,400 | -39,850 | - | 111,606 | 27,887 | - | - |