HomeJanuary 23, 2013
Energy Future Holdings Reports Preliminary Financial Results
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Energy Future Holdings Corp. has filed in an 8-K selected preliminary unaudited financial data for the year ended December 31, 2012.
For EFH Corp., the unaudited financial data shows a net loss of $2.167 billion for 2012, and adjusted EBITDA (per restricted payments covenant) of $5.257 billion.
The net loss reflects $1.5 billion in unrealized net losses resulting from commodity hedging and trading transactions, which are not reflected in adjusted EBITDA.
The preliminary data also does not reflect the results of EFH's evaluation of goodwill and intangible assets which, depending on the outcome of such evaluation, may ultimately result in the recording of a noncash impairment charge as of December 31, 2012.
The company said that EFH Corp.'s available liquidity (excluding Oncor Holdings and its subsidiaries) at December 31, 2012 totaled $2.8 billion as compared to $2.4 billion at December 31, 2011.
The company expects to file its 10-K on or about February 15, 2013.
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