7
September 2014
Oil & Gas Services
3x LTM EBITDA
$12,246.0
$6,414.0
$4,685.7
$3,133.8
$721.2
Plus Cash
4,557.0
9,425.0
3,376.0
2,494.3
874.9
Less LT Debt
1,163.0
571.0
1,525.0
980.8
453.4
Estimated Liquidity
$8,852.0
-$2,440.0
$2,834.7
$1,620.2
$299.8
Estimated Liquidity Calculations
($ millions)
Source: Capital IQ as of 1/10/14
Oil & Gas Logistics
3x LTM EBITDA
$33,051.0
$35,891.7
$19,284.0
$4,562.6
$794.9
Plus Cash
57,691.0
14,007.0
7,816.0
11,545.4
1,068.7
Less LT Debt
3,237.0
3,411.0
2,360.0
1,910.1
264.3
Estimated Liquidity
-$21,403.0
$25,295.7
$13,828.0
-$5,072.6
-$9.5
Inbound Oil & Gas Buyers
3x LTM EBITDA
$185,298.0
$160,068.3
$166,881.7
$97,314.0
$145,524.0
Plus Cash
21,765.0
89,733.2
49,892.2
52,906.0
44,122.0
Less LT Debt
6,083.0
8,526.5
19,080.8
27,506.0
15,419.0
Estimated Liquidity
$169,616.0
$78,861.6
$136,070.3
$71,914.0
$116,821.0
