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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-2: Third Quarter 2017 Adjusted EBITDA Reconciliation by Operating Segment
The following table summarizes the calculation of Adjusted 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
155

117

272

72

(159
)
185

Plus:
 


 
 
 


Interest expense, net

24

24

1

111

136

Income tax




1

1

Depreciation and amortization
69

59

128

28

7

163

ARO Expense
4

3

7



7

Contract amortization
3

1

4

(1
)

3

Lease amortization

(2
)
(2
)


(2
)
EBITDA
231

202

433

100

(40
)
493

Adjustment to reflect NRG share of adjusted EBITDA in unconsolidated affiliates
(6
)
14

8


(1
)
7

Acquisition-related transaction & integration costs




3

3

Reorganization costs
3


3

5

4

12

Deactivation costs

2

2


3

5

Other non recurring charges

(1
)
(3
)
(4
)
1

7

4

Mark to market (MtM) (gains)/losses on economic hedges
(135
)
(10
)
(145
)
173


28

Adjusted EBITDA
92

205

297

279

(24
)
552

1 Includes International, remaining renewables and Generation eliminations


Third Quarter 2017 condensed financial information by Operating Segment:
    
($ in millions)
Gulf Coast
East/West1
Generation
Retail
Corp/Elim
Total
Operating revenues
655

520

1,175

1,935

(397
)
2,713

Cost of sales
395

204

599

1,460

(394
)
1,665

Economic gross margin2
260

316

576

475

(3
)
1,048

Operations & maintenance and other cost of operations3
143

111

254

87

3

344

Selling, marketing, general & administrative
35

16

51

109

30

190

Other expense/(income)4
(10
)
(16
)
(26
)

(12
)
(38
)
Adjusted EBITDA
92

205

297

279

(24
)
552

1 Includes International, remaining renewables and Generation eliminations
2 Excludes MtM loss of $28 million and contract amortization of $3 million
3 Excludes deactivation costs of $5 million
4 Excludes acquisition-related transaction & integration costs of $3 million and reorganization costs of $12 million

14