Energy Transfer Corporate Presentation
Non-GAAP Reconciliation
Energy Transfer LP
Reconciliation of Non-GAAP Measures*
2018
2019
2020
2021
2022
Full Year
Full Year
Full Year
Full Year
Full Year
Q1
2023
Q2
روس
ENERGY
TRANSFER
Q3
Year To Date
Net income
Loss from discontinued operations
Interest expense, net
Impairment losses and other
Income tax expense from continuing operations
Depreciation, depletion and amortization
$
3,365
265
$
4,899
$
140
$
6,687
$
5,868
$
1,447
$
1,233 $
1,047
3,727
2,055
2,331
2,327
2,267
2,306
431
74
2,880
21
386
619
1
641
632
1,892
10
1
12
4
195
237
184
204
71
108
77
256
2,859
3,147
3,678
3,817
4,164
1,059
1,061
1,107
3,227
Non-cash compensation expense
105
113
121
111
115
37
27
35
99
(Gains) losses on interest rate derivatives
(47)
241
203
(61)
(293)
20
(35)
(32)
(47)
Unrealized (gains) losses on commodity risk management activities
11
5
71
(162)
(42)
130
(55)
107
182
Losses on extinguishments of debt
112
18
75
38
-
Inventory valuation adjustments (Sunoco LP)
85
(79)
82
(190)
(5)
(29)
57
(141)
(113)
Impairment of investment in unconsolidated affiliates
129
-
Equity in earnings of unconsolidated affiliates
(344)
(302)
(119)
(246)
(257)
(88)
(95)
(103)
(286)
Adjusted EBITDA related to unconsolidated affiliates
655
626
628
523
565
161
171
182
514
Adjusted EBITDA from discontinued operations
(25)
Non-operating litigation-related costs
-
625
625
Other, net (including amounts related to discontinued operations in 2018)
(21)
(54)
79
57
82
5
(1)
4
8
Adjusted EBITDA (consolidated)
9,510
11,214
10,531
13,046
13,093
3,433
3,122
3,541
10,096
Adjusted EBITDA related to unconsolidated affiliates.
Distributable Cash Flow from unconsolidated affiliates
Interest expense, net
Preferred unitholders' distributions
Current income tax (expense) benefit
Transaction-related income taxes
Maintenance capital expenditures
Other, net
Distributable Cash Flow (consolidated)
(655)
(626)
(628)
(523)
(565)
(161)
(171)
(182)
(514)
407
415
452
346
359
118
115
131
364
(2,057)
(2,331)
(2,327)
(2,267)
(2,306)
(619)
(641)
(632)
(1,892)
(170)
(253)
(378)
(418)
(471)
(120)
(127)
(129)
(376)
(472)
22
(27)
(44)
(18)
(18)
(26)
(25)
(69)
470
(31)
(42)
(510)
(655)
(520)
(581)
(821)
(162)
(237)
(202)
(601)
49
85
74
68
20
5
5
11
21
6,572
7,840
7,177
9,627
9,249
2,476
2,040
2,513
7,029
Distributions from Sunoco LP
Distributable Cash Flow attributable to Sunoco LP (100%)
Distributable Cash Flow attributable to USAC (100%)
Distributions from USAC
Distributable Cash Flow attributable to noncontrolling interests in other non-wholly-owned subsidiaries
Distributable Cash Flow attributable to the partners of Energy Transfer (a)
Transaction-related adjustments
Distributable Cash Flow attributable to the partners of Energy Transfer, as adjusted (a)
(446)
(450)
(516)
(542)
(648)
(160)
(173)
(181)
(514)
166
165
165
165
166
43
44
43
130
(148)
(222)
(221)
(209)
(221)
(63)
(67)
(71)
(201)
73
90
97
97
97
24
24
25
73
(874)
(1,113)
(1,015)
5,343
6,310
5,687
(1,113)
8,025
(1,240)
(314)
(324)
(345)
(983)
7,403
2,006
1,544
1,984
5,534
52
14
55
$
5,395
$
6,324
$
5,742
$
194
8,219
44
2
10
2
14
$
7,447
$
2,008
$
1,554
$
1,986
$
5,548
See definitions of non-GAAP measures on next slide
29
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