Adjusted Earnings and Adjusted EPS Presentation
Parent & Other
Three months ended
September 30,
Nine months ended
September 30,
(Unaudited, dollars in millions)
2023
2022
2023
2022
Parent & Other GAAP Losses
$
(97) $ (74) $
(248) $ (360)
Impact from foreign currency and inflation on our monetary positions in Mexico
Deferred income tax expense associated with the change in our indefinite
reinvestment assertion related to the sale of NCI to ADIA
(1)
2
120
Parent & Other Adjusted Losses¹
(97) $ (74) $
(249) $
(238)
Q3-2023 losses are higher than Q3-2022 losses primarily due to:
$8 million income tax expense in 2023 compared to $23 million income tax benefit in 2022 from the interim
period application of an annual forecasted consolidated ETR, and
$22 million higher net interest expense, partially offset by
$23 million income tax benefit in 2023 from the remeasurement of certain deferred income taxes, and
$15 million income tax benefit in 2023 from the resolution of prior year income tax items.
SEMPRA 24
1.
See Appendix for information regarding Adjusted Losses, which represents a non-GAAP financial measure.View entire presentation