EX-99.(D) 12 efhcorp-2012930xexhibit99d.htm ADJUSTED EBITDA RECONCILIATION ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC EFHCorp-2012.9.30-Exhibit 99(d)


Exhibit 99(d)

Energy Future Intermediate Holding Company LLC Consolidated
Adjusted EBITDA Reconciliation
(millions of dollars)

 
Nine Months Ended
September 30, 2012
 
Nine Months Ended
September 30, 2011
 
Twelve Months Ended
September 30, 2012
 
Twelve Months Ended
September 30, 2011
Net income
$
308

 
$
367

 
$
358

 
$
438

Income tax expense
35

 
72

 
36

 
89

Interest expense and related charges
368

 
259

 
457

 
341

EBITDA
$
711

 
$
698

 
$
851

 
$
868

Oncor Holdings distributions
100

 
64

 
152

 
91

Interest income
(462
)
 
(463
)
 
(551
)
 
(596
)
Equity in earnings of unconsolidated subsidiary (net of tax)
(249
)
 
(235
)
 
(300
)
 
(272
)
Adjusted EBITDA per Incurrence Covenant
$
100

 
$
64

 
$
152

 
$
91

Add Oncor Adjusted EBITDA (reduced by Oncor Holdings distributions)
1,254

 
1,206

 
1,571

 
1,508

Adjusted EBITDA per Restricted Payments Covenant
$
1,354

 
$
1,270

 
$
1,723

 
$
1,599