EX-99.(D) 16 efh-20121231xexhibit99d.htm ADJUSTED EBITDA RECONCILIATION ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC EFH-2012.12.31-Exhibit 99(d)


Exhibit 99(d)

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

 
Year Ended December 31,
 
2012
 
2011
Net income
$
315

 
$
417

Income tax expense
27

 
73

Interest expense and related charges
526

 
348

EBITDA
$
868

 
$
838

Oncor Holdings distributions of earnings
147

 
116

Interest income
(598
)
 
(552
)
Equity in earnings of unconsolidated subsidiary (net of tax)
(270
)
 
(286
)
Adjusted EBITDA per Incurrence Covenant
$
147

 
$
116

Add Oncor Adjusted EBITDA (reduced by Oncor Holdings distributions)
1,600

 
1,523

Adjusted EBITDA per Restricted Payments Covenant
$
1,747

 
$
1,639