Energizing the Future
Adjusted EBITDA¹ reconciliation to GAAP
(Millions)
Net Income [GAAP]
Add back:
Missouri regulatory adjustment
Interest charges
Income tax expense
Depreciation and amortization
Adjusted EBITDA [non-GAAP]
Nine months ended June 30,
2022
2021
$
227.9
$
281.6
(9.0)
85.4
78.4
57.0
68.6
176.2
155.4
$
546.5
$
575.0
Long-term capitalization
(Millions)
Capitalization
Equity²
Preferred
June 30, 2022
Debt³
$ 2,618.9 $ 242.0 $ 3,207.9
Total
$ 6,068.8
Current portion of long-term debt
Long-term capitalization
$ 2,618.9 $ 242.0
31.2
$ 3,239.1
31.2
$ 6,100.0
% of long-term capitalization
42.9%
4.0%
53.1%
100.0%
¹Adjusted EBITDA is earnings before provision for ISRS rulings, 2021 Missouri regulatory adjustment, interest, income tax, and depreciation and amortization.
2Includes temporary equity of $15.0M and excludes Preferred Stock as of June 30, 2021 and $175M of remarketable senior notes.
Includes $175M of remarketable senior notes.
35 Spire | Investor presentation - August 2022View entire presentation