Kinder Morgan Financial Measures and CO2 Segment Analysis
GAAP Reconciliations
$ in millions
2020
Certain
Items in
KINDER MORGAN
Segment
Adjusted
Adjusted
EBDA
Segment Segment
Reconciliation of Adjusted Segment EBDA
(GAAP)
EBDA
EBDA
Certain Item s
2020
Natural Gas Pipelines
$3,483
$983
$4,466
Fair value amortization
$ (21)
Products Pipelines
Terminals
977
50
1,027
1,045
(55)
990
Change in fair value of derivative contracts
Legal, environmental and taxes other than income tax reserves
(a)
26
(5)
CO2
(292)
944
652
Loss on divestitures and impairments, net (b)
327
Total
Reconciliation of Net Debt
Outstanding long-term debt
$5,213
$1,922
$7,135
Loss on impairment of goodwill (c)
1,600
Restricted stock accelerated vesting and severance
52
2020
COVID-19 costs
15
$ 30,838
Income tax Certain Items
(107)
Current portion of debt
Foreign exchange impact on hedges for Euro Debt outstanding
Less: cash & cash equivalents
Net Debt
Adjusted EBITDA
Net Debt to Adjusted EBITDA
2,558
(170)
(1,184)
Other
Total Certain Items
5
$
1,892
$ 32,042
$ 6,962
4.6X
a) Gains or losses reflected in Certain Items are unrealized. Gains or losses are reflected in our DCF when realized.
b) Includes a pre-tax non-cash impairment loss of $350 million related to oil and gas producing assets in our CO2 business segment driven by low oil prices and $55 million gain on an asset sale in our Terminals business segment.
c) Includes non-cash impairments of goodwill of $1,000 million and $600 million associated with our Natural Gas Pipelines Non-regulated and CO2 reporting units, respectively.
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