Investor Presentation December 2021
40
FY21 NEE reconciliation to GAAP
(Millions, except per share amounts)
Twelve months ended September 30, 2021
Net Income (Loss) [GAAP]
Adjustments, pre-tax:
Gas
Utility
Gas
Marketing
Per diluted
Other
Total
common share²
$
237.2
$
44.8 $
(10.3) $
271.7
$
4.96
Missouri regulatory adjustments
(9.0)
-
(9.0)
(0.17)
Fair value and timing adjustments
0.3
3.0
3.3
0.06
Acquisition, divestiture and restructuring activities
(1.3)
(1.3)
(0.02)
Income tax effect of adjustments¹
2.1
(0.8)
0.3
1.6
0.03
Net Economic Earnings (Loss) [Non-GAAP]
$
230.6 $
47.0
$
(11.3) $
266.3
$
4.86
Twelve months ended September 30, 2020
Net Income (Loss) [GAAP]
Adjustments, pre-tax:
Impairments
$
213.6
$
7.0
$
(132.0) $
88.6
$
1.44
-
148.6
148.6
2.89
Fair value and timing adjustments
Income tax effect of adjustments¹
(0.3)
0.1
2.8
2.5
0.05
(0.7)
(31.3)
(31.9)
(0.62)
Net Economic Earnings (Loss) [Non-GAAP]
$
213.4
$
9.1
$
(14.7)
$
207.8
$
3.76
Income 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.
2Net economic earnings per share is calculated by replacing consolidated net income with consolidated net economic earnings in the GAAP diluted EPS calculation.
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Spire | Investor presentation – December 2021View entire presentation