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About This Report
Regulation G Compliance

This report includes the non-GAAP financial measure of adjusted earnings and adjusted earnings per share. The reconciliation of these measures to the most directly comparable GAAP measures is below.

GAAP to Non-GAAP Reconciliation — Adjusted Earnings and Earnings Per Share

 
2019
2018
($ in millions, except diluted average common shares outstanding)
Net income attributable to ETR Corp
1,241
849
Less adjustments:
Utility
Customer sharing associated with internal restructuring
(40)
Income tax effect on Utility adjustments above
10
Income tax benefit from 2012  /  2013 IRS settlement
43
Income tax benefit from internal restructuring
170
Tax reform
38
Reversal of income tax valuation allowance
41
Total Utility
41
222
Parent & Other
Income tax item related to a valuation allowance for interest deductibility
(11)
Total Parent & other
(11)
EWC
147
(343)
Total adjustments
177
(121)
ETR Adjusted Earnings
1,064
970
Diluted average common shares outstanding (in millions)
197
183
(After-tax, $ per share)(a)
Net income attributable to ETR Corp
6.30
4.63
Less adjustments:
Utility
Customer sharing associated with internal restructuring
(0.16)
Income tax benefit from 2012  /  2013 IRS settlement
0.23
Income tax benefit from internal restructuring
0.93
Tax reform
0.21
Reversal of income tax valuation allowance
0.21
Total Utility
0.21
1.21
Parent & Other
Income tax item related to a valuation allowance for interest deductibility
(0.05)
Total Parent & other
(0.05)
EWC
0.74
(1.87)
Total adjustments
0.90
(0.66)
ETR Adjusted Earnings
5.40
5.29

Calculations may differ due to rounding.

(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.