SPOTLIGHT | PORT ARTHUR LNG PHASE 1
PARENT & OTHER
Three months ended
September 30,
Nine months ended
(Unaudited, dollars in millions)
2022
2021
2022
September 30,
2021
Parent & Other GAAP Losses
$
(74) $ (97)
$ (360)
$ (226)
Impact from Foreign Currency and Inflation on our Monetary Positions in Mexico and
Associated Undesignated Derivatives
1
2
1
Deferred Income Tax Expense Associated with the Change in our Indefinite
Reinvestment Assertion Related to the Sale of NCI to ADIA
Earnings from Investment in RBS Sempra Commodities LLP
Parent & Other Adjusted Losses¹
Q3-2022 losses are lower than Q3-2021 adjusted losses primarily due to:
•
120
(50)
$
(74) $ (96)
$
(238)
$
(275)
$12M income tax expense in 2021 from changes to valuation allowance against certain tax credit carryforwards,
$9M higher income tax benefit from interim period application of annual forecasted consolidated ETR, and
$2M income tax benefit in 2022 compared to $2M income tax expense in 2021 for repatriation of foreign
earnings, partially offset by
$11M net investment losses in 2022 on dedicated assets in support of employee nonqualified benefit plan +
deferred compensation obligations
1.
See Appendix for information regarding non-GAAP financial measures and descriptions of adjustments.
SEMPRA
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