Investor Presentaiton slide image

Investor Presentaiton

Non-GAAP Reconciliation Energy Transfer LP Reconciliation of Non-GAAP Measures * 2020 2021 Full Year Full Year Q1 Q2 2022 Q3 2023 Q4 Full Year Q1 Net income Interest expense, net $ 140 $ 2,327 6,687 2,267 $ 1,487 $ 559 1,622 578 $ 1,322 $ 577 1,437 592 $ 5,868 $ 2,306 1,447 619 Impairment losses and other 2,880 21 300 86 386 1 Income tax expense (benefit) from continuing operations 237 184 (9) 86 82 45 204 71 Depreciation, depletion and amortization 3,678 3,817 1,028 1,046 1,030 1,060 4,164 1,059 Non-cash compensation expense 121 111 36 25 27 27 115 37 (Gains) losses on interest rate derivatives 203 (61) (114) (129) (60) 10 (293) 20 Unrealized (gains) losses on commodity risk management activities 71 (162) 45 (99) (76) 88 (42) 130 Losses on extinguishments of debt 75 38 - Inventory valuation adjustments (Sunoco LP) 82 (190) (120) (1) 40 76 (5) (29) Impairment of investment in unconsolidated affiliates 129 Equity in (earnings) losses of unconsolidated affiliates (119) (246) (56) (62) (68) (71) (257) (88) Adjusted EBITDA related to unconsolidated affiliates 628 523 125 137 147 156 565 161 Other, net (including amounts related to discontinued operations in 2018) 79 57 59 25 (19) 17 82 5 Adjusted EBITDA (consolidated) 10,531 13,046 3,340 3,228 3.088 3,437 13,093 3,433 Adjusted EBITDA related to unconsolidated affiliates (628) (523) (125) (137) (147) (156) (565) (161) Distributable Cash Flow from unconsolidated affiliates 452 346 86 82 102 89 359 118 Interest expense, net Preferred unitholders' distributions Current income tax (expense) benefit Transaction-related income taxes Maintenance capital expenditures (2,327) (2,267) (559) (578) (577) (592) (2,306) (619) (378) (418) (118) (117) (118) (118) (471) (120) (27) (44) 41 (11) (31) (17) (18) (18) (42) (42) (520) (581) (118) (162) (247) (294) (821) (162) Other, net 74 68 5 7 5 3 20 5 Distributable Cash Flow (consolidated) 7,177 9,627 2,510 2,312 2,075 2,352 9,249 2,476 Distributable Cash Flow attributable to Sunoco LP (100%) (516) (542) (142) (159) (195) (152) (648) (160) Distributions from Sunoco LP 165 165 41 42 41 42 166 43 Distributable Cash Flow attributable to USAC (100%) (221) (209) (50) (56) (55) (60) (221) (63) Distributions from USAC 97 97 24 24 25 24 97 24 Distributable Cash Flow attributable to noncontrolling interests in other non-wholly-owned subsidiaries Distributable Cash Flow attributable to the partners of Energy Transfer (1,015) 5,687 (1,113) 8,025 (317) (294) (315) (314) 2,066 1,869 1,576 1,892 (1,240) 7,403 (314) 2,006 Transaction-related adjustments 55 194 Distributable Cash Flow attributable to the partners of Energy Transfer, as adjusted $ 5,742 $ 8,219 $ 12 2,078 9 5 18 44 2 $ 1,878 $ 1,581 $ 1,910 $ 7,447 $ 2,008 See definitions of non-GAAP measures on next slide ENERGY TRANSFER 32 32
View entire presentation