Energy Infrastructure & Transition Overview
GAAP Reconciliations
in millions
2021
2020
Change
Budget
Actual
$
%
Net income attributable to Kinder Morgan, Inc. (GAAP)
$ 2,109
$ 119 $ 1,990
NM
Total Certain Items
(11)
1,892
(1,903)
(101%)
Adjusted Earnings (a)
2,098
2,011 $
87
4%
DD&A and amortization of excess cost of equity investments for DCF (b)
2,557
2,671
(114)
(4%)
Income tax expense for DCF (a,b)
659
670
(11)
(2%)
Cash taxes (c)
(79)
(68)
(11)
(16%)
Sustaining capital expenditures
Other items (e)
(792)
(658)
(134)
(20%)
2
(29)
31
107%
$ 4,445 $ 4,597 $
(152)
(3%)
DCF
Note: See Non-GAAP Financial Measures and Reconciliations.
a) Amounts are adjusted for Certain Items.
b) Includes DD&A or income tax expense, as applicable, from JVs.
c) Includes cash taxes from JVs of $67 million and $62 million in 2021 and 2020, respectively.
d) Includes sustaining capital expenditures from JVs of $119 million and $114 million in 2021 and 2020, respectively.
e) Includes non-cash pension expense and non-cash compensation associated with our restricted stock program.
Net income attributable to Kinder Morgan, Inc. (GAAP)
Total Certain Items
DD&A and amortization of excess cost of equity investments
Income tax expense (a)
JV DD&A and income tax expense (a)(b)
Interest, net (a)
Adjusted EBITDA
Note: See Non-GAAP Financial Measures and Reconciliations.
a) Amounts are adjusted for Certain Items.
b) Represents DD&A and income tax expense from JVs.
2021
Budget
$ 2,109 $
(11)
2020
Actual
Change
$
%
119 $ 1,990
1672%
1,892
(1,903)
(101%)
2,223
2,304
(81)
(4%)
574
588
(14)
(2%)
419
449
(30)
(7%)
1,515
1,610
(95)
(6%)
$
6,829 $ 6,962 $ (133)
(2%)
KINDER MORGAN
35View entire presentation