Investor Presentation December 2021
Adjusted EBITDA¹ reconciliation to GAAP
Twelve months ended September 30,
(Millions)
Net Income [GAAP]
Add back:
Impairments
Interest charges
2021
2020
$
271.7
$
88.6
148.6
Missouri regulatory adjustment
(9.0)
-
106.6
105.5
Income tax expense
68.5
12.4
Depreciation and amortization
213.1
197.3
Adjusted EBITDA [non-GAAP]
$
650.9 $
552.4
Long-term capitalization
(Millions)
Equity²
Preferred
September 30, 2021
Debt
Capitalization
$ 2,426.0
$ 242.0
$ 2,939.1
Total
$5,607.1
Current portion of long-term debt
55.8
55.8
Long-term capitalization
$ 2,426.0
$ 242.0
$ 2,994.9
$ 5,662.9
% of long-term capitalization
42.8%
4.3%
52.9%
100.0%
¹Adjusted EBITDA is earnings before impairments, Missouri regulatory adjustment, interest, income taxes, depreciation and amortization.
2Includes temporary equity of $9.8M.
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Spire | Investor presentation December 2021View entire presentation