Investor Presentaiton
FY23 NEE reconciliation to GAAP
Gas
Utility
Gas
Marketing
Midstream
Other
Total
Per diluted
common share²
(Millions, except per share amounts)
Twelve months ended September 30, 2023
Net Income (Loss) [GAAP]
$
200.5
$
39.1
$
12.0 $
(34.1) $
217.5
$
3.85
Adjustments, pre-tax:
Fair value and timing adjustments
(0.0)
11.4
11.4
0.21
Acquisition activities
2.5
2.5
0.05
1
Income tax effect of adjustments
(2.9)
(0.4)
(3.3)
(0.06)
Net Economic Earnings (Loss) [Non-GAAP]
$
200.5 $
47.6
$
14.1 $
(34.1) $
228.1 $
4.05
Twelve months ended September 30, 2022
Net Income (Loss) [GAAP]
$
198.6
$
35.6
11.1 $
(24.5) $
220.8
$
3.95
Adjustments, pre-tax:
Fair value and timing adjustments
Income tax effect of adjustments¹
4.1
(11.4)
2.8
(11.4)
(0.22)
6.9
0.13
Net Economic Earnings (Loss) [Non-GAAP]
$
202.7
$
27.0
$
11.1
$
(24.5) $
216.3
$
3.86
¹Income taxes are calculated by applying federal, state, and local income tax rates applicable to ordinary income to the amounts of the pre-tax reconciling items and then
adding any estimated effects of enacted state or local income tax laws for periods before the related effective date and, in the case of fiscal 2022, includes the $4.1M Spire
Missouri regulatory adjustment.
2Net economic earnings per share is calculated by replacing consolidated net income with consolidated net economic earnings in the GAAP diluted EPS calculation.
23 Spire | Investor presentation
December 2023View entire presentation