Diversified Subsidiary Companies Presentation
Adjusted EBITDA Reconciliation by Segment - Year Ended December 31, 2022
($Millions)
Food
(1)
Investment
Energy
Automotive
Packaging
Real
Estate
Home
Fashion
Holding
(1)
(1)
Pharma
Company Consolidated
Adjusted EBITDA:
Net (loss) income
($223)
$596
($192)
$2
$7
($22)
Interest expense, net
84
2
8
3
($18)
(1)
($175)
($25)
259
355
Income tax expense (benefit)
140
(54)
7
(59)
65
34
Depreciation and amortization
353
80
EBITDA before non-controlling interests
($223)
$1,173
($164)
$44
27
27
13
7
28
1
509
$20
($12)
$9
$26
$873
2
2
Restructuring costs
(Gain) loss on disposition of assets, net
Transformation costs
(3)
53
(3)
53
Net (gain) loss on extinguishment of debt
1
1
Out of period adjustments
51
1
52
Call option lawsuits settlement
79
79
Other
1
32
6
1
40
Adj. EBITDA before non-controlling interests
($223)
$1,253
($31)
$51
$20
($10)
$10
$27
$1,097
Adjusted EBITDA attributable to IEP:
Net (loss) income
Interest expense, net
Income tax expense (benefit)
Depreciation and amortization
($89)
$304
($192)
$2
$7
($22)
($18)
($175)
($183)
44
2
7
3
(1)
259
314
103
(54)
6
(59)
(4)
199
80
24
13
7
28
1
352
($89)
$650
($164)
$39
$20
($12)
$9
$26
$479
2
2
EBITDA attributable to IEP
Restructuring costs
Non-service cost of U.S. based pension
(Gain) loss on disposition of assets, net
Transformation costs
(3)
53
(3)
53
Net (gain) loss on extinguishment of debt
1
1
Out of period adjustments
51
1
52
Call option lawsuits settlement
Other
56
56
1
32
5
1
39
Adjusted EBITDA attributable to IEP
($89)
$707
($31)
$45
$20
($10)
$10
$27
$679
(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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