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SEC Filing Details

8-K
NRG ENERGY, INC. filed this Form 8-K on 11/08/2018
Entire Document
 

Appendix Table A-1: Third Quarter 2018 Adjusted EBITDA Reconciliation by Operating Segment
The following table summarizes the calculation of Adj. EBITDA and provides a reconciliation to income/(loss) from continuing operations:
    
($ in millions)
Gulf Coast
East/West1
Generation
Retail
Corp/Elim
Total
Income/(Loss) from Continuing Operations
417

178

595

(127
)
(162
)
306

Plus:
 


 
 
 


Interest expense, net

10

10

1

105

116

Income tax




7

7

Loss on debt extinguishment




19

19

Depreciation and amortization
43

30

73

30

9

112

ARO Expense
9

4

13



13

Contract amortization
2


2



2

Lease amortization

(2
)
(2
)


(2
)
EBITDA
471

220

691

(96
)
(22
)
573

Adjustment to reflect NRG share of adjusted EBITDA in unconsolidated affiliates
2

25

27



27

Reorganization costs
1

2

3

6

18

27

Deactivation costs




3

3

Gain on sale of business

1

1


(14
)
(13
)
Other non recurring charges
1

(12
)
(11
)

2

(9
)
Mark to market (MtM) (gains)/losses on economic hedges
(268
)
(22
)
(290
)
359


69

Adjusted EBITDA
207

214

421

269

(13
)
677

1 Includes International, remaining renewables and Generation eliminations


Third Quarter 2018 condensed financial information by Operating Segment:
    
($ in millions)
Gulf Coast
East/West1
Generation
Retail
Corp/Elim
Total
Operating revenues
782

497

1,279

2,202

(480
)
3,001

Cost of sales
413

192

605

1,702

(477
)
1,830

Economic gross margin2
369

305

674

500

(3
)
1,171

Operations & maintenance and other cost of operations 3
146

111

257

89

(3
)
343

Selling, marketing, general and administrative
29

25

54

144

14

212

Other expense/(income) 4
(13
)
(45
)
(58
)
(2
)
(1
)
(61
)
Adjusted EBITDA
207

214

421

269

(13
)
677

1 Includes International, remaining renewables and Generation eliminations
2 Excludes MtM loss of $69 million and contract amortization of $2 million
3 Excludes deactivation costs of $3 million
4 Excludes gain on sale of business of $13 million, reorganization costs of $27 million and loss on debt extinguishment of $19 million

12