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SEC Filing Details

8-K
NRG ENERGY, INC. filed this Form 8-K on 11/08/2018
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Appendix Table A-4: YTD 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
50

133

183

380

(447
)
116

Plus:
 
 
 
 
 


Interest expense, net

74

74

3

349

426

Income tax

2

2

(9
)
10

3

Depreciation and amortization
207

178

385

81

24

490

ARO Expense
11

9

20



20

Contract Amortization
10

3

13



13

Lease amortization

(6
)
(6
)


(6
)
EBITDA
278

393

671

455

(64
)
1,062

Adjustment to reflect NRG share of adjusted EBITDA in unconsolidated affiliates
15

43

58


(11
)
47

Acquisition-related transaction & integration costs




3

3

Reorganization costs
3


3

5

10

18

Deactivation costs

3

3


7

10

Other non recurring charges

(25
)

(25
)
1

16

(8
)
Impairments
42

18

60



60

MtM (gains)/losses on economic hedges
(152
)
(11
)
(163
)
154


(9
)
Adjusted EBITDA
161

446

607

615

(39
)
1,183

1 Includes International, remaining renewables and Generation eliminations


YTD Third Quarter 2017 condensed financial information by Operating Segment:
($ in millions)
Gulf Coast
East/West1
Generation
Retail
Corp/Elim
Total
Operating revenues
1,752

1,348

3,100

4,868

(910
)
7,058

Cost of sales
1,049

500

1,549

3,671

(904
)
4,316

Economic gross margin2
703

848

1,551

1,197

(6
)
2,742

Operations & maintenance and other cost of operations3
442

370

812

246

13

1,071

Selling, marketing, general & administrative
97

73

170

334

130

634

Other expense/(income)4
3

(41
)
(38
)
2

(110
)
(146
)
Adjusted EBITDA
161

446

607

615

(39
)
1,183

1 Includes International, remaining renewables and Generation eliminations
2 Excludes MtM gain of $9 million and contract amortization of $13 million
2 Excludes deactivation costs of $10 million
3 Excludes acquisition-related transaction & integration costs of $3 million and reorganization costs of $18 million

18