Investor Presentation December 2021
Q4 FY21 NEE reconciliation to GAAP
(Millions, except per share amounts)
Three months ended September 30, 2021
Net (Loss) Income [GAAP]
Adjustments, pre-tax:
Gas
Utility
Gas
Marketing
Per diluted
Other
Total
common share²
$
(17.8) $
11.3
(3.4) $
(9.9) $
(0.26)
Fair value and timing adjustments
(2.9)
(2.9)
(0.06)
Acquisition, divestiture and restructuring activities
(1.3)
(1.3)
(0.02)
Income tax effect of adjustments¹
0.7
0.3
1.0
0.02
Net Economic (Loss) Earnings [Non-GAAP]
$
(17.8) $
9.1
$
(4.4) $
(13.1)
$
(0.32)
Three months ended September 30, 2020
Net Loss [GAAP]
Adjustments, pre-tax:
Fair value and timing adjustments
Income tax effect of adjustments¹
Net Economic Loss [Non-GAAP]
$
(8.4) $
(6.6)
$
(4.7)
$
(19.7) $
(0.45)
(0.1)
5.8
5.7
0.11
0.1
(1.4)
(1.3)
(0.03)
$
(8.4)
$
(2.2)
$
(4.7) $
(15.3)
$
(0.37)
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 2021
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