Energy Infrastructure & Transition Overview
GAAP Reconciliations
$ in millions
2020
Certain
KINDER MORGAN
Items in
Segment
Adjusted
Adjusted
EBDA
Segment Segment
Reconciliation of Adjusted Segment EBDA
(GAAP)
EBDA
EBDA
Natural Gas Pipelines
$3,483
$983
$4,466
Fair value amortization
Products Pipelines
977
50
1,027
Certain Items
Legal, environmental and taxes other than income tax reserves
Terminals
CO2
1,045
(55)
990
Change in fair value of derivative contracts (a)
(292)
944
652
Loss on divestitures and impairments, net (b)
Total
$5,213
$1,922
$7,135
Reconciliation of Net Debt
Outstanding long-term debt
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
2020
$ 30,838
2,558
(170)
(1,184)
$ 32,042
$ 6,962
4.6X
Loss on impairment of goodwill(c)
Restricted stock accelerated vesting and severance
COVID-19 costs
Income tax Certain Items
Other
Total Certain Items
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.
2020
$ (21)
26
(5)
327
1,600
52
15
(107)
5
$ 1,892
36View entire presentation