Adjusted Earnings and Adjusted EPS Presentation
2022 and 2017 Adjusted Earnings and Adjusted
EPS (Unaudited)
(Dollars in millions, except EPS; shares in thousands)
Income tax
Non-
Pretax
amount
(benefit)
expense¹
controlling
interests
Year ended December 31, 2022
Income tax
Earnings
Pretax
amount
expense
(benefit)1
Non-
controlling
interests
Earnings
Year ended December 31, 2017
Sempra GAAP Earnings
Excluded items:
Impact associated with Aliso Canyon litigation and regulatory matters
Impact from foreign currency and inflation on our monetary positions in
Mexico and associated undesignated derivatives
Net unrealized losses (gains) on commodity derivatives
$
2,094
$
256
$
259 $
(60) $
199
$
$
49
169
(54)
164
669
(138)
(176)
355
(30)
(7)
380
84
(29)
w
3
29
25
(4)
Net unrealized gains on a contingent interest rate swap related to the
proposed PA LNG Phase 1 project
(33)
6
10
(17)
Deferred income tax expense associated with the change in our indefinite
reinvestment assertion related to the sale of NCI to ADIA
Write-off of wildfire regulatory asset
Aliso Canyon litigation reserves
Impairment of TdM assets held for sale
Deferred income tax benefit associated with TdM
Recoveries related to 2016 permanent release of pipeline capacity
Impact from TCJA
| | | | │││
120
120
351
(143)
I
I I
1
20
71
(24)
(8)
(47)
19
23 1
208
20
47
(5)
(28)
870
Sempra Adjusted Earnings
$
2.915
870
$
1,389
Diluted EPS:
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted EPS
ᏌᏊ Ꭿ
$
632,757
3.31
$
4.61
SA A
$
504,601
0.51
$
2.75
1.
Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. Income taxes on the impairment of TdM were calculated based on the
applicable statutory rate, including translation from historic to current exchange rates.
SEMPRA | 31View entire presentation