Investor Presentaiton slide image

Investor Presentaiton

Reconciliation of Adjusted Funds from Operations to Cash Flow from Operations for FY2022 Adjusted funds from operations is cash flows from operating activities, plus components of working capital, cash paid for interest (net of amounts capitalized), capitalized interest, the incremental change in SAVEGREEN loans, grants, rebates, and related investments, and operating lease expense Adjusted debt is total long term and short-term debt, net of cash and cash equivalents, excluding solar asset financing obligations but including solar contractually committed payments for sale lease backs, debt issuance costs, and other Fitch credit metric adjustments Adjusted Funds from Operations, FY2022 (Millions) Adjusted Debt, FY2022 (Millions) Cash Flow from Operations $323.5 Long-Term Debt (including current maturities) $2,560.4 Add back Short-Term Debt $424.0 Components of working capital $77.7 Exclude Cash on Hand ($1.1) Cash paid for interest (net of amounts capitalized) $84.4 CEV Sale-Leaseback Debt ($130.6) Include Capitalized Interest $6.1 SAVEGREEN loans, grants, rebates and related investments CEV Sale lease-back Contractual Commitments $111.6 $53.1 Debt Issuance Costs $13.3 Operating cash flows from operating leases $7.4 Operating Lease Debt estimate (8x lease expense) $77.6 Adjusted FFO (Non-GAAP) $552.2 Adjusted Debt (Non-GAAP) $3,055.2 N New Jersey Resources 28
View entire presentation