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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-3: YTD 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
156

146

302

733

(434
)
601

Plus:
 
 
 
 
 


Interest expense, net

46

46

2

301

349

Income tax

1

1


18

19

Loss on debt extinguishment




22

22

Depreciation and amortization
128

131

259

86

25

370

ARO Expense
21

12

33



33

Contract Amortization
7

1

8



8

Lease amortization

(6
)
(6
)


(6
)
EBITDA
312

331

643

821

(68
)
1,396

Adjustment to reflect NRG share of adjusted EBITDA in unconsolidated affiliates
5

47

52


1

53

Acquisition-related transaction & integration costs



2

3

5

Reorganization costs
5

5

10

10

50

70

Deactivation costs

10

10


8

18

Gain on sale of business

2

2


(29
)
(27
)
Other non recurring charges

27

13

40

3

10

53

Impairments

74

74



74

Market to market (MtM) (gains)/losses on economic hedges
14

5

19

(81
)

(62
)
Adjusted EBITDA
363

487

850

755

(25
)
1,580

1 Includes International, remaining renewables and Generation eliminations

YTD Third Quarter 2018 condensed financial information by Operating Segment:
($ in millions)
Gulf Coast
East/West1
Generation
Retail
Corp/Elim
Total
Operating revenues
1,923

1,286

3,209

5,502

(897
)
7,814

Cost of sales
1,028

439

1,467

4,130

(895
)
4,702

Economic gross margin2
895

847

1,742

1,372

(2
)
3,112

Operations & maintenance and other cost of operations3
494

363

857

236

(10
)
1,083

Selling, marketing, general & administrative
83

82

165

385

41

591

Other expense/(income)4
(45
)
(85
)
(130
)
(4
)
(8
)
(142
)
Adjusted EBITDA
363

487

850

755

(25
)
1,580

1 Includes International, remaining renewables and Generation eliminations
2 Excludes MtM gain of $62 million and contract amortization of $8 million
3 Excludes deactivation costs of $18 million
4 Excludes gain on sale of business of $27 million, acquisition-related transaction & integration costs of $5 million, reorganization costs of $70 million and loss on debt extinguishment of $22 million

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