Attached files
Exhibit 99(b)
Energy Future Intermediate Holding Company LLC Consolidated
Adjusted EBITDA Reconciliation
Six Months Ended June 30, 2011 |
Six Months Ended June 30, 2010 |
Twelve Months Ended June 30, 2011 |
Twelve Months Ended June 30, 2010 |
|||||||||||||
(millions of dollars) | ||||||||||||||||
Net income |
$ | 207 | $ | 25 | $ | 395 | $ | 78 | ||||||||
Income tax expense (benefit) |
47 | (49 | ) | 55 | (96 | ) | ||||||||||
Interest expense and related charges |
171 | 150 | 333 | 291 | ||||||||||||
EBITDA |
$ | 425 | $ | 126 | $ | 783 | $ | 273 | ||||||||
Oncor Holdings distributions |
32 | 87 | 114 | 227 | ||||||||||||
Interest income |
(303 | ) | (4 | ) | (507 | ) | (8 | ) | ||||||||
Equity in earnings of unconsolidated subsidiary (net of tax) |
(122 | ) | (122 | ) | (276 | ) | (265 | ) | ||||||||
Adjusted EBITDA per Incurrence Covenant |
$ | 32 | $ | 87 | $ | 114 | $ | 227 | ||||||||
Add Oncor Adjusted EBITDA (reduced by Oncor Holdings distributions) |
723 | 632 | 1,446 | 1,213 | ||||||||||||
Adjusted EBITDA per Restricted Payments Covenant |
$ | 755 | $ | 719 | $ | 1,560 | $ | 1,440 | ||||||||