Kinder Morgan Market Opportunity and Financial Overview
GAAP Reconciliations
$ in millions
Reconciliation of DD&A and amortization of excess cost of equity investments for DCF
Depreciation, depletion and amortization (GAAP)
Amortization of excess cost of equity investments (GAAP)
DD&A and amortization of excess cost of equity investments
JV DD&A
DD&A and amortization of excess cost of equity investments for DCF
Reconciliation of general and administrative and corporate charges
General and administrative (GAAP)
Corporate benefit
Certain Items
General and administrative and corporate charges (a)
Reconciliation of interest, net
Interest, net (GAAP)
Certain Items
Interest, net (a)
a) Amounts are adjusted for Certain items.
b) Amounts are associated with our Citrus, NGPL and Products (SE) Pipeline equity investments.
KINDER MORGAN
2022
Reconciliation of income tax expense for DCF
2022
$
(2,186)
Income tax expense (GAAP)
$
(710)
(75)
Certain Items
(37)
(2,261)
Income tax expense (a)
(747)
(273)
Unconsolidated JV income tax expense (a,b)
(75)
(2,534)
Income tax expense for DCF (a)
(822)
(637)
44
Reconciliation of additional JV information
Unconsolidated JV DD&A
Less: Consolidated JV partners' DD&A
6
JV DD&A
$
(587)
Unconsolidated JV income tax expense (a,b)
SA
(323)
(50)
(273)
(75)
JV DD&A and income tax expense (a
Unconsolidated JV cash taxes
(b)
$
(1,513)
Unconsolidated JV sustaining capital expenditures
SSS
$
(348)
(70)
$
(148)
(11)
$
(1,524)
Less: Consolidated JV partners' sustaining capital expenditures
JV sustaining capital expenditures
(8)
$
(140)
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