Investor Presentaiton
FY23 contribution margin reconciliation to GAAP
(Millions)
Gas
Gas
Utility
Marketing
Midstream
Other
Eliminations Consolidated
Twelve months ended September 30, 2023
Operating Income (Loss) [GAAP]
$
350.8 $
49.3
24.3
(5.8) $
418.6
Operation and maintenance
461.8
19.4
30.5
21.9
(16.0)
517.6
Depreciation and amortization
244.4
1.5
8.4
0.5
254.8
Taxes, other than income taxes
210.3
1.2
2.9
0.1
214.5
Less: Gross receipts tax expense
(131.5)
(0.3)
(131.8)
Contribution Margin [non-GAAP]
1,135.8
71.1
66.1
16.7
(16.0)
1,273.7
Natural gas costs
1,189.6
107.7
(36.5)
1,260.8
Gross receipts tax expense
131.5
0.3
131.8
Operating Revenues
$
2,456.9
$
179.1
$
66.1
$
16.7
$
(52.5)
$
2,666.3
Twelve months ended September 30, 2022
Operating Income [GAAP]
$
339.9
$
46.9
20.8
0.6
408.2
Operation and maintenance
413.3
14.6
22.2
14.9
(15.4)
449.6
Depreciation and amortization
Taxes, other than income taxes
227.9
1.4
7.5
0.5
237.3
176.2
0.6
2.6
0.1
179.5
Less: Gross receipts tax expense
Contribution Margin [non-GAAP]
Natural gas costs
(109.6)
(0.2)
(109.8)
1,047.7
63.3
53.1
16.1
(15.4)
1,164.8
788.8
171.4
I
(36.3)
923.9
Gross receipts tax expense
Operating Revenues
109.6
0.2
109.8
$ 1,946.1 $
234.9
$
53.1 $
16.1
$
(51.7)
$
2,198.5
24 Spire | Investor presentation December 2023
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