8
September 2014
Estimated Liquidity Calculations
(continued)
International Energy Firms
3x LTM EBITDA
$89,979.0
$541.7
$87,820.5
Plus Cash
34,589.0
559.3
55,452.3
Less LT Debt
8,803.0
435.8
3,086.4
Estimated Liquidity
$64,193.0
$418.3
$35,454.6
Source: Capital IQ as of 8/20/14
International Energy Firms
3x LTM EBITDA
$10,612.2
$18,239.4
$4,741.9
Plus Cash
15,685.4
22,909.4
8,942.7
Less LT Debt
611.6
0.0
2,298.1
Estimated Liquidity
-$4,461.6
-$4,670.0
-$1,902.7
($ millions)
