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Adjusted EBITDA and DCF Reconciliation 28 Source: 1Q 2015 Earnings Release. Three Months Ended December 31, 2015 2014 2014 Net loss to Adjusted EBITDA Net loss, as reported (58,719) $ (18,563) $ (344,591) $ Depreciation, depletion and amortization 14,645 20,406 22,615 Impairment 68,344 - 378,587 (Gain) loss from risk management activities, net (19,534) 10,323 (93,786) Total commodity derivative settlements 13,430 (4,846) 8,856 Non-cash mark-to-market of Upstream product imbalances 126 (6) 2 Restricted units non-cash amortization expense 1,856 2,583 1,208 Income tax benefit (826) (865) (2,767) Interest - net including realized risk management instruments and other expense 3,257 6,461 2,006 Discontinued operations 966 10,603 348 Loss on short-term investments 2,004 - 62,028 Adjusted EBITDA 25,549 $ 26,096 $ 34,506 $ Net loss to Distributable Cash Flow Net loss, as reported (58,719) $ (18,563) $ (344,591) $ Depreciation, depletion and amortization expense 14,645 20,406 22,615 Impairment 68,344 - 378,587 (Gain) loss from risk management activities, net (19,534) 10,323 (93,786) Total derivative settlements 13,430 (4,846) 8,856 Capital expenditures-maintenance related (10,326) (15,009) (14,584) Non-cash mark-to-market of Upstream product imbalances 126 (6) 2 Restricted units non-cash amortization expense 1,856 2,583 1,208 Income tax benefit (826) (865) (2,767) Cash income taxes (98) - - Discontinued operations 966 10,603 348 Loss on short-term investments 2,004 - 62,028 Distributable Cash Flow 11,868 $ 4,626 $ 17,916 $ Three Months Ended March 31, |