Investor Presentaiton
Non-GAAP financial measures
Non-GAAP Earnings Reconciliation for the quarter ended March 31, 2022
(Dollars in millions, except EPS)
GAAP as reported for the quarter ended March 31, 2022
Exclusion of released deferrals related to 2020
Tax effect (1)
Non-GAAP as reported for the quarter ended March 31, 2022
Net Income
Diluted EPS
$60
$0.67
17
0.19
(5)
(0.05)
$72
$0.81
Non-GAAP Earnings Reconciliation for the nine months ended September 30, 2022
(Dollars in millions, except EPS)
GAAP as reported for the nine months ended September 30, 2022
Exclusion of released deferrals related to 2020
Tax effect (1)
Non-GAAP as reported for the nine months ended September 30, 2022
Non-GAAP Earnings Guidance Reconciliation for full-year 2022
Net Income
Diluted EPS
$182
$2.04
17
0.19
(5)
(0.05)
$194
$2.18
GAAP full-year 2022 earnings per diluted share guidance
Exclusion of released deferrals related to 2020
Tax effect (1)
Non-GAAP full-year 2022 earnings per diluted share guidance
(1) Tax effects were determined based on the Company's full-year blended federal and state statutory tax rate
(2) 2022 full-year GAAP and non-GAAP guidance presented based on the mid-point of the provided range
Diluted EPS(2)
$2.68
0.19
(0.05)
PGE
$2.82
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