Investor Presentaiton
Non-GAAP Financial Measures
Berkshire Hathaway Energy
($ in millions)
FFO
Net cash flows from operating activities
LTM
9/30/2021
$ 8,688
(281)
$ 6,224
973
2020
2019
$ 6,206
+/- changes in other operating assets and liabilities
FFO
490
$ 8,407
$ 7,197
$ 6,696
Plus: Acquisition financing interest (1)
Less: GT&S FFO
9
(321)
Less: Cove Point Minority Distributions
Adjusted FFO
(353)
$ 8,054
$ 6,885
$ 6,696
Adjusted Interest
Interest expense
$ 2,124
Less: Interest expense on subordinated debt
(5)
Less: Acquisition financing interest(1)
$ 2,021
(5)
(9)
$ 1,912
(5)
Less: GT&S interest
(16)
Adjusted Interest
FFO Interest Coverage
Adjusted Debt
Debt (2)
$ 2,119
4.8x
$ 1,991
$ 1,907
4.5x
4.5x
$ 51,966
Less: Acquisition financing debt (1)
Less: GT&S debt
Adjusted Debt
$ 52,052
(1,200)
(4,918)
$ 51,966
15.5%
$ 45,934
15.0%
$ 42,467
$ 42,467
15.8%
FFO to Adjusted Debt
Capitalization
Berkshire Hathaway Energy common shareholders' equity
Berkshire Hathaway Energy preferred shareholders' equity
Debt (2)
$ 43,392
2,300
51,966
$ 39,260
3,750
52,052
$ 32,449
Subordinated debt
Noncontrolling interests
Capitalization
100
3,924
100
3,967
42,467
100
129
$101,682
$ 99,129
$ 75,145
Debt to Total Capitalization
51%
53%
57%
(1) BHE issued $2.0 billion of Senior notes in October 2020, of which $1.2 billion of the proceeds were used to repay debt at EEGH. Acquisition financing interest is calculated based on
the weighted average coupon of the debt issued by BHE
(2) Debt includes short-term debt, Berkshire Hathaway Energy senior debt, and subsidiary debt (including current maturities)
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