Diversified Subsidiary Companies Presentation
Adjusted EBITDA Reconciliation by Segment - Year Ended December 31, 2021
($Millions)
Food
(1)
Investment
Energy
Automotive
Packaging
Real
Estate
Home
Fashion
(1)
(1)
Pharma
Metals
Holding
Company
Consolidated
Adjusted EBITDA:
Net (loss) income
($32)
$29
($260)
($2)
($8)
Interest expense, net
109
7
6
($8)
2
($3)
$186
($402)
($500)
1
318
443
Income tax expense (benefit)
(27)
(72)
4
(2)
19
(78)
Depreciation and amortization
343
87
28
9
7
28
14
1
517
EBITDA before non-controlling interests
($32)
$454
($238)
$36
$1
($1)
$25
$201
($64)
$382
Restructuring costs
1
1
(Gain) loss on disposition of assets, net
22
(3)
(163)
(144)
Transformation losses
149
149
Net (gain) loss on extinguishment of debt
8
(3)
5
Other
14
1
1
(14)
2
Adj. EBITDA before non-controlling interests
($32)
$462
($67)
$51
($1)
$0
$11
$38
($67)
$395
Adjusted EBITDA attributable to IEP:
Net (loss) income
($16)
($5)
($260)
($2)
($8)
($8)
($3)
$186
($402)
($518)
Interest expense, net
48
7
5
2
1
318
381
Income tax expense (benefit)
(14)
(72)
3
(2)
19
(66)
Depreciation and amortization
196
87
25
9
7
28
14
1
367
EBITDA attributable to IEP
($16)
$225
($238)
$31
$1
($1)
$25
$201
($64)
$164
Restructuring costs
1
1
(Gain) loss on disposition of assets, net
Transformation losses
Net (gain) loss on extinguishment of debt
Other
22
149
6
(163)
(144)
149
(3)
3
13
1
1
(14)
1
Adjusted EBITDA attributable to IEP
($16)
$231
($67)
$45
($1)
$0
$11
$38
($67)
$174
(1) The presentation of Adjusted EBITDA for "All Other Operating Segments" included in this presentation consists of results from our Food Packaging, Home Fashion, and Pharma segments.
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