Investor Presentation - September 2021
Adjusted EBITDA¹ reconciliation to GAAP
Nine months ended June 30,
(Millions)
Net Income [GAAP]
2021
2020
$
281.6
$
108.3
Add back:
Impairments
148.6
Missouri regulatory adjustment
(9.0)
Interest charges
78.4
80.3
Income tax expense
68.6
16.9
Depreciation and amortization
155.4
146.8
Adjusted EBITDA [non-GAAP]
$
575.0
$ 500.9
Long-term capitalization
June 30, 2021
(Millions)
Equity²
Preferred
Debt
Total
Capitalization
$ 2,464.4
$ 242.0
$2,939.0
Current portion of long-term debt
Long-term Capitalization
$ 2,464.4
$ 242.0
110.8
$ 3,049.8
$ 5,645.4
110.8
$ 5,756.2
% of long-term capitalization
42.8%
4.2%
53.0%
100.0%
1Adjusted EBITDA is earnings before impairments, Missouri regulatory adjustment, interest, income taxes, and depreciation and amortization.
2Includes temporary equity of $9.3M and excludes preferred stock.
39 Spire | Investor presentation - September 2021View entire presentation