EOG Resources (EOG) 8-K Results of Operations and Financial Condition

EXHIBIT 99.1

Table of Contents
Third Quarter 2022
Supplemental Financial and Operating Data	Page
Income Statements	13
Wellhead Volumes and Prices	14
Balance Sheets	15
Cash Flows Statements	16
Non-GAAP Financial Measures	17
Adjusted Net Income (Loss)	18
Adjusted Net Income Per Share	20
Cash Flow from Operations and Free Cash Flow	22
Net Debt-to-Total Capitalization Ratio	23

12

Income Statements
In millions of USD, except share data (in millions) and per share data (Unaudited)
	3Q 2022	2Q 2022	3Q 2021	YTD 2022	YTD 2021
Operating Revenues and Other
Crude Oil and Condensate	4,109	4,699	2,929	12,697	7,879
Natural Gas Liquids	693	777	548	2,151	1,229
Natural Gas	1,235	1,000	568	2,951	1,597
Losses on Mark-to-Market Financial Commodity Derivative Contracts	(18)	(1,377)	(494)	(4,215)	(1,288)
Gathering, Processing and Marketing	1,561	2,169	1,186	5,199	3,056
Gains (Losses) on Asset Dispositions, Net	(21)	97	1	101	46
Other, Net	34	42	27	99	79
Total	7,593	7,407	4,765	18,983	12,598
Operating Expenses
Lease and Well	335	324	270	977	810
Transportation Costs	257	244	219	729	635
Gathering and Processing Costs	167	152	145	463	412
Exploration Costs	35	35	44	115	112
Dry Hole Costs	18	20	4	41	28
Impairments	94	91	82	240	170
Marketing Costs	1,621	2,127	1,184	5,031	3,013
Depreciation, Depletion and Amortization	906	911	927	2,664	2,741
General and Administrative	162	128	142	414	372
Taxes Other Than Income	334	472	277	1,196	731
Total	3,929	4,504	3,294	11,870	9,024
Operating Income	3,664	2,903	1,471	7,113	3,574
Other Income, Net	40	27	6	66	—
Income Before Interest Expense and Income Taxes	3,704	2,930	1,477	7,179	3,574
Interest Expense, Net	41	48	48	137	140
Income Before Income Taxes	3,663	2,882	1,429	7,042	3,434
Income Tax Provision	809	644	334	1,560	755
Net Income	2,854	2,238	1,095	5,482	2,679
Dividends Declared per Common Share	2.2500	2.5500	0.4125	6.5500	2.2375
Net Income Per Share
Basic	4.90	3.84	1.88	9.40	4.62
Diluted	4.86	3.81	1.88	9.34	4.59
Average Number of Common Shares
Basic	583	583	581	583	580
Diluted	587	588	584	587	584

13

Wellhead Volumes and Prices
(Unaudited)
	3Q 2022			3Q 2021		% Change		2Q 2022		YTD 2022			YTD 2021		% Change
Crude Oil and Condensate Volumes (MBbld) (A)
United States	464.6			448.3		4	%	463.5		459.2			441.3		4	%
Trinidad	0.5			1.2		-58	%	0.6		0.7			1.7		-59	%
Other International (B)	—			—				—		—			0.1		-100	%
Total	465.1			449.5		3	%	464.1		459.9			443.1		4	%
Average Crude Oil and Condensate Prices ($/Bbl) (C)
United States	$	96.05		$	70.88	36	%	$	111.26	$	101.16		$	65.18	55	%
Trinidad	84.98			60.19		41	%	98.29		88.84			54.33		64	%
Other International (B)	—			—				—		—			42.36		-100	%
Composite	96.04			70.85		36	%	111.25		101.14			65.14		55	%
Natural Gas Liquids Volumes (MBbld) (A)
United States	209.3			157.9		33	%	201.9		200.6			140.4		43	%
Total	209.3			157.9		33	%	201.9		200.6			140.4		43	%
Average Natural Gas Liquids Prices ($/Bbl) (C)
United States	$	36.02		$	37.72	-4	%	$	42.28	$	39.29		$	32.07	23	%
Composite	36.02			37.72		-4	%	42.28		39.29			32.07		23	%
Natural Gas Volumes (MMcfd) (A)
United States	1,306			1,210		8	%	1,324		1,293			1,170		11	%
Trinidad	163			212		-23	%	204		192			221		-13	%
Other International (B)	—			—				—		—			12		-100	%
Total	1,469			1,422		3	%	1,528		1,485			1,403		6	%
Average Natural Gas Prices ($/Mcf) (C)
United States	$	9.35		$	4.50	108	%	$	7.77	$	7.68		$	4.30	79	%
Trinidad	7.45		(E)	3.39		120	%	3.42		4.55		(E)	3.38		35	%
Other International (B)	—			—				—		—			5.67		-100	%
Composite	9.14			4.34		111	%	7.19		7.28			4.17		75	%
Crude Oil Equivalent Volumes (MBoed) (D)
United States	891.6			807.9		10	%	886.1		875.3			776.8		13	%
Trinidad	27.6			36.5		-24	%	34.6		32.6			38.5		-15	%
Other International (B)	—			—				—		—			2.0		-100	%
Total	919.2			844.4		9	%	920.7		907.9			817.3		11	%
Total MMBoe (D)	84.6			77.7		9	%	83.8		247.8			223.1		11	%

(A)Thousand barrels per day or million cubic feet per day, as applicable.

(B)Other International includes EOG's China and Canada operations. The China operations were sold in the second quarter of 2021.

(C)Dollars per barrel or per thousand cubic feet, as applicable. Excludes the impact of financial commodity derivative instruments (see Note 12 to the Condensed Consolidated Financial Statements in EOG's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022).

(D)Thousand barrels of oil equivalent per day or million barrels of oil equivalent, as applicable; includes crude oil and condensate, NGLs and natural gas. Crude oil equivalent volumes are determined using a ratio of 1.0 barrel of crude oil and condensate or NGLs to 6.0 thousand cubic feet of natural gas. MMBoe is calculated by multiplying the MBoed amount by the number of days in the period and then dividing that amount by one thousand.

(E)Includes revenue adjustment of $3.37 per Mcf and $0.96 per Mcf ($0.37 per Mcf and $0.12 per Mcf of EOG's composite wellhead natural gas price) for the quarter and year-to-date, respectively, related to a price adjustment per a provision of the natural gas sales contract with NGC amended in July 2022 for natural gas sales during the period from September 2020 through June 2022.

14

Balance Sheets
In millions of USD, except share data (Unaudited)
	September 30,	December 31,
	2022	2021
Current Assets
Cash and Cash Equivalents	5,272	5,209
Accounts Receivable, Net	3,343	2,335
Inventories	872	584
Income Taxes Receivable	93	—
Other	621	456
Total	10,201	8,584
Property, Plant and Equipment
Oil and Gas Properties (Successful Efforts Method)	67,065	67,644
Other Property, Plant and Equipment	4,659	4,753
Total Property, Plant and Equipment	71,724	72,397
Less: Accumulated Depreciation, Depletion and Amortization	(42,623)	(43,971)
Total Property, Plant and Equipment, Net	29,101	28,426
Deferred Income Taxes	18	11
Other Assets	1,167	1,215
Total Assets	40,487	38,236
Current Liabilities
Accounts Payable	2,718	2,242
Accrued Taxes Payable	542	518
Dividends Payable	437	436
Liabilities from Price Risk Management Activities	243	269
Current Portion of Long-Term Debt	1,282	37
Current Portion of Operating Lease Liabilities	235	240
Other	289	300
Total	5,746	4,042
Long-Term Debt	3,802	5,072
Other Liabilities	2,573	2,193
Deferred Income Taxes	4,517	4,749
Commitments and Contingencies
Stockholders' Equity
Common Stock, $0.01 Par, 1,280,000,000 Shares Authorized and 587,891,710 Shares Issued at September 30, 2022 and 585,521,512 Shares Issued at December 31, 2021	206	206
Additional Paid in Capital	6,155	6,087
Accumulated Other Comprehensive Loss	(6)	(12)
Retained Earnings	17,563	15,919
Common Stock Held in Treasury, 646,861 Shares at September 30, 2022 and 257,268 Shares at December 31, 2021	(69)	(20)
Total Stockholders' Equity	23,849	22,180
Total Liabilities and Stockholders' Equity	40,487	38,236

15

Cash Flows Statements
In millions of USD (Unaudited)
	3Q 2022	2Q 2022	3Q 2021	YTD 2022	YTD 2021
Cash Flows from Operating Activities
Reconciliation of Net Income to Net Cash Provided by Operating Activities:
Net Income	2,854	2,238	1,095	5,482	2,679
Items Not Requiring (Providing) Cash
Depreciation, Depletion and Amortization	906	911	927	2,664	2,741
Impairments	94	91	82	240	170
Stock-Based Compensation Expenses	34	30	51	99	117
Deferred Income Taxes	327	(102)	(111)	(240)	(244)
(Gains) Losses on Asset Dispositions, Net	21	(97)	(1)	(101)	(46)
Other, Net	(5)	(16)	2	(15)	15
Dry Hole Costs	18	20	4	41	28
Mark-to-Market Financial Commodity Derivative Contracts Total Losses	18	1,377	494	4,215	1,288
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts	(847)	(2,114)	(293)	(3,257)	(516)
Other, Net	12	19	7	33	8
Changes in Components of Working Capital and Other Assets and Liabilities
Accounts Receivable	392	(522)	(145)	(1,008)	(639)
Inventories	(140)	(157)	(6)	(311)	95
Accounts Payable	(88)	259	(68)	301	115
Accrued Taxes Payable	(53)	(536)	206	24	286
Other Assets	(129)	71	167	(271)	(55)
Other Liabilities	1,269	433	(260)	(548)	(317)
Changes in Components of Working Capital Associated with Investing Activities	90	143	45	301	(100)
Net Cash Provided by Operating Activities	4,773	2,048	2,196	7,649	5,625
Investing Cash Flows
Additions to Oil and Gas Properties	(1,102)	(1,349)	(846)	(3,390)	(2,689)
Additions to Other Property, Plant and Equipment	(103)	(75)	(50)	(248)	(147)
Proceeds from Sales of Assets	79	110	8	310	154
Other Investing Activities	—	(30)	—	(30)	—
Changes in Components of Working Capital Associated with Investing Activities	(90)	(143)	(45)	(301)	100
Net Cash Used in Investing Activities	(1,216)	(1,487)	(933)	(3,659)	(2,582)
Financing Cash Flows
Long-Term Debt Repayments	—	—	—	—	(750)
Dividends Paid	(1,312)	(1,486)	(820)	(3,821)	(1,278)
Treasury Stock Purchased	(37)	(15)	(21)	(95)	(33)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan	—	13	—	17	9
Repayment of Finance Lease Liabilities	(8)	(9)	(9)	(27)	(27)
Net Cash Used in Financing Activities	(1,357)	(1,497)	(850)	(3,926)	(2,079)
Effect of Exchange Rate Changes on Cash	(1)	—	—	(1)	—
Increase (Decrease) in Cash and Cash Equivalents	2,199	(936)	413	63	964
Cash and Cash Equivalents at Beginning of Period	3,073	4,009	3,880	5,209	3,329
Cash and Cash Equivalents at End of Period	5,272	3,073	4,293	5,272	4,293

16

Non-GAAP Financial Measures

To supplement the presentation of its financial results prepared in accordance with generally accepted accounting principles in the United States of America (GAAP), EOG’s quarterly earnings releases and related conference calls, accompanying investor presentation slides and presentation slides for investor conferences contain certain financial measures that are not prepared or presented in accordance with GAAP. These non-GAAP financial measures may include, but are not limited to, Adjusted Net Income (Loss), Cash Flow from Operations Before Working Capital, Free Cash Flow, Net Debt and related statistics.

A reconciliation of each of these measures to their most directly comparable GAAP financial measure and related discussion is included in the tables on the following pages and can also be found in the “Reconciliations & Guidance” section of the “Investors” page of the EOG website at www.eogresources.com.

As further discussed in the tables on the following pages, EOG believes these measures may be useful to investors who follow the practice of some industry analysts who make certain adjustments to GAAP measures (for example, to exclude non-recurring items) to facilitate comparisons to others in EOG’s industry, and who utilize non-GAAP measures in their calculations of certain statistics (for example, return on capital employed and return on equity) used to evaluate EOG’s performance.

EOG believes that the non-GAAP measures presented, when viewed in combination with its financial and operating results prepared in accordance with GAAP, provide a more complete understanding of the factors and trends affecting the company’s performance. As is discussed in the tables on the following pages, EOG uses these non-GAAP measures for purposes of (i) comparing EOG’s financial and operating performance with the financial and operating performance of other companies in the industry and (ii) analyzing EOG’s financial and operating performance across periods.

The non-GAAP measures presented should not be considered in isolation, and should not be considered as a substitute for, or as an alternative to, EOG’s reported Net Income (Loss), Long-Term Debt (including Current Portion of Long-Term Debt), Net Cash Provided by Operating Activities and other financial results calculated in accordance with GAAP. The non-GAAP measures presented should be read in conjunction with EOG's consolidated financial statements prepared in accordance with GAAP.

In addition, because not all companies use identical calculations, EOG’s presentation of non-GAAP measures may not be comparable to, and may be calculated differently from, similarly titled measures disclosed by other companies, including its peer companies. EOG may also change the calculation of one or more of its non-GAAP measures from time to time – for example, to account for changes in its business and operations or to more closely conform to peer company or industry analysts’ practices.

17

Adjusted Net Income (Loss)
In millions of USD, except share data (in millions) and per share data (Unaudited)
The following tables adjust the reported Net Income (Loss) (GAAP) to reflect actual net cash received from (payments for) settlements of financial commodity derivative contracts by eliminating the unrealized mark-to-market (gains) losses from these transactions, to eliminate the net (gains) losses on asset dispositions, to add back impairment charges related to certain of EOG's assets (which are generally (i) attributable to declines in commodity prices, (ii) related to sales of certain oil and gas properties or (iii) the result of certain other events or decisions (e.g., a periodic review of EOG's oil and gas properties or other assets) - see "Revenues, Costs and Margins Per Barrel of Oil Equivalent" below for additional related discussion) and to make certain other adjustments to exclude non-recurring and certain other items as further described below. EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who adjust reported company earnings to match hedge realizations to production settlement months and make certain other adjustments to exclude non-recurring and certain other items. EOG management uses this information for purposes of comparing its financial performance with the financial performance of other companies in the industry.
	3Q 2022
	Before Tax	Income Tax Impact	After Tax		Diluted Earnings per Share
Reported Net Income (GAAP)	3,663	(809)	2,854		4.86
Adjustments:
Losses on Mark-to-Market Financial Commodity Derivative Contracts	18	(4)	14		0.03
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (1)	(847)	184	(663)		(1.13)
Add: Losses on Asset Dispositions, Net	21	(3)	18		0.03
Add: Certain Impairments	46	(8)	38		0.06
Less: Severance Tax Refund	(115)	25	(90)		(0.15)
Add: Severance Tax Consulting Fees	16	(3)	13		0.02
Less: Interest on Severance Tax Refund	(7)	2	(5)		(0.01)
Adjustments to Net Income	(868)	193	(675)		(1.15)
Adjusted Net Income (Non-GAAP)	2,795	(616)	2,179		3.71
Average Number of Common Shares (Non-GAAP)
Basic					583
Diluted					587

(1) Consistent with its customary practice, in calculating Adjusted Net Income (Loss) (non-GAAP), EOG subtracts from reported Net Income (Loss) (GAAP) the total net cash paid for settlements of financial commodity derivative contracts during such period. For the third quarter of 2022, such amount was $847 million, of which $63 million was related to the early termination of certain contracts.

18

Adjusted Net Income (Loss) (Continued)
In millions of USD, except share data (in millions) and per share data (Unaudited)
	2Q 2022
	Before Tax	Income Tax Impact	After Tax		Diluted Earnings per Share
Reported Net Income (GAAP)	2,882	(644)	2,238		3.81
Adjustments:
Losses on Mark-to-Market Financial Commodity Derivative Contracts	1,377	(299)	1,078		1.82
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts	(2,114)	459	(1,655)		(2.81)
Less: Gains on Asset Dispositions, Net	(97)	21	(76)		(0.13)
Add: Certain Impairments	36	(7)	29		0.05
Adjustments to Net Income	(798)	174	(624)		(1.07)
Adjusted Net Income (Non-GAAP)	2,084	(470)	1,614		2.74
Average Number of Common Shares (Non-GAAP)
Basic					583
Diluted					588

	3Q 2021
	Before Tax	Income Tax Impact	After Tax	Diluted Earnings per Share
Reported Net Income (GAAP)	1,429	(334)	1,095	1.88
Adjustments:
Losses on Mark-to-Market Financial Commodity Derivative Contracts	494	(108)	386	0.65
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts	(293)	64	(229)	(0.39)
Less: Gains on Asset Dispositions, Net	(1)	—	(1)	—
Add: Certain Impairments	13	—	13	0.02
Adjustments to Net Income	213	(44)	169	0.28
Adjusted Net Income (Non-GAAP)	1,642	(378)	1,264	2.16
Average Number of Common Shares (Non-GAAP)
Basic				581
Diluted				584

19

Adjusted Net Income Per Share
In millions of USD, except share data (in millions), per share data, production volume data and per Boe data (Unaudited)
2Q 2022 Adjusted Net Income per Share (Non-GAAP)		2.74
Realized Price
3Q 2022 Composite Average Wellhead Revenue per Boe	71.40
Less: 2Q 2022 Composite Average Wellhead Revenue per Boe	(77.29)
Subtotal	(5.89)
Multiplied by: 3Q 2022 Crude Oil Equivalent Volumes (MMBoe)	84.6
Total Change in Revenue	(498)
Less: Income Tax Benefit (Provision) Imputed (based on 23%)	115
Change in Net Income	(383)
Change in Diluted Earnings per Share		(0.65)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts
3Q 2022 Net Cash Received from (Payments for) Settlement of Financial Commodity Derivative Contracts	(847)
Less: Income Tax Benefit (Provision)	184
After Tax - (a)	(663)
2Q 2022 Net Cash Received from (Payments for) Settlement of Financial Commodity Derivative Contracts	(2,114)
Less: Income Tax Benefit (Provision)	459
After Tax - (b)	(1,655)
Change in Net Income - (a) - (b)	992
Change in Diluted Earnings per Share		1.69
Wellhead Volumes
3Q 2022 Crude Oil Equivalent Volumes (MMBoe)	84.6
Less: 2Q 2022 Crude Oil Equivalent Volumes (MMBoe)	(83.8)
Subtotal	0.8
Multiplied by: 3Q 2022 Composite Average Margin per Boe (Non-GAAP) (Including Total Exploration Costs) (refer to "Revenues, Costs and Margins Per Barrel of Oil Equivalent" schedule)	43.00
Change in Revenue	34
Less: Income Tax Benefit (Provision) Imputed (based on 23%)	(8)
Change in Net Income	26
Change in Diluted Earnings per Share		0.04

20

Adjusted Net Income Per Share (Continued)
In millions of USD, except share data (in millions), per share data, production volume data and per Boe data (Unaudited)

Operating Cost per Boe
2Q 2022 Total Operating Cost per Boe (Non-GAAP) (including Total Exploration Costs) (refer to "Revenues, Costs and Margins Per Barrel of Oil Equivalent" schedule)	28.50
Less: 2Q 2022 Taxes Other Than Income	(5.63)
Less: 3Q 2022 Total Operating Cost per Boe (Non-GAAP) (including Total Exploration Costs) (refer to "Revenues, Costs and Margins Per Barrel of Oil Equivalent" schedule)	(28.40)
Add: 3Q 2022 Taxes Other Than Income (Non-GAAP)	5.31
Subtotal	(0.22)
Multiplied by: 3Q 2022 Crude Oil Equivalent Volumes (MMBoe)	84.6
Change in Before-Tax Net Income	(19)
Less: Income Tax Benefit (Provision) Imputed (based on 23%)	4
Change in Net Income	(15)
Change in Diluted Earnings per Share		(0.03)
Other (1)		(0.08)
3Q 2022 Adjusted Net Income per Share (Non-GAAP)		3.71
3Q 2022 Average Number of Common Shares (Non-GAAP) - Diluted	587

(1)Includes gathering, processing and marketing revenue, other revenue, marketing costs, taxes other than income, other income (expense), interest expense and the effect of changes in the effective income tax rate.

21

Cash Flow from Operations and Free Cash Flow
In millions of USD (Unaudited)
The following tables reconcile Net Cash Provided by Operating Activities (GAAP) to Cash Flow from Operations Before Working Capital (Non-GAAP). EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who adjust Net Cash Provided by Operating Activities for Changes in Components of Working Capital and Other Assets and Liabilities, Changes in Components of Working Capital Associated with Investing and Financing Activities and certain other adjustments to exclude non-recurring and certain other items as further described below. EOG defines Free Cash Flow (Non-GAAP) for a given period as Cash Flow from Operations Before Working Capital (Non-GAAP) (see below reconciliation) for such period less the total capital expenditures (Non-GAAP) during such period, as is illustrated below. EOG management uses this information for comparative purposes within the industry. To further the comparability of EOG’s financial results with those of EOG’s peer companies and other companies in the industry, EOG now utilizes Cash Flow from Operations Before Working Capital (Non-GAAP), instead of Discretionary Cash Flow (Non-GAAP), in calculating its Free Cash Flow (Non-GAAP). Accordingly, Free Cash Flow (Non-GAAP) for the third quarter 2022, second quarter 2022 and nine-month period ended September 30, 2022 have been calculated on such basis, and the calculations of Free Cash Flow (Non-GAAP) for each of the prior periods shown have been revised and conformed.
	3Q 2022	2Q 2022		3Q 2021	YTD 2022	YTD 2021
Net Cash Provided by Operating Activities (GAAP)	4,773	2,048		2,196	7,649	5,625
Adjustments:
Changes in Components of Working Capital and Other Assets and Liabilities
Accounts Receivable	(392)	522		145	1,008	639
Inventories	140	157		6	311	(95)
Accounts Payable	88	(259)		68	(301)	(115)
Accrued Taxes Payable	53	536		(206)	(24)	(286)
Other Assets	129	(71)		(167)	271	55
Other Liabilities	(1,269)	(433)		260	548	317
Changes in Components of Working Capital Associated with Investing Activities	(90)	(143)		(45)	(301)	100
Cash Flow from Operations Before Working Capital (Non-GAAP)	3,432	2,357		2,257	9,161	6,240
Cash Flow from Operations Before Working Capital (Non-GAAP)	3,432	2,357		2,257	9,161	6,240
Less:
Total Capital Expenditures (Non-GAAP) (a)	(1,166)	(1,071)		(891)	(3,246)	(2,740)
Free Cash Flow (Non-GAAP)	2,266	1,286		1,366	5,915	3,500
(a) See below reconciliation of Total Expenditures (GAAP) to Total Capital Expenditures (Non-GAAP):
	3Q 2022	2Q 2022		3Q 2021	YTD 2022	YTD 2021
Total Expenditures (GAAP)	1,410	1,521		962	4,075	3,118
Less:
Asset Retirement Costs	(139)	(43)		(8)	(209)	(56)
Non-Cash Acquisition Costs of Unproved Properties	(28)	(21)		(15)	(107)	(37)
Non-Cash Finance Leases					—	(74)
Acquisition Costs of Proved Properties	(42)	(351)		(4)	(398)	(99)
Exploration Costs	(35)	(35)		(44)	(115)	(112)
Total Capital Expenditures (Non-GAAP)	1,166	1,071		891	3,246	2,740

22

Net Debt-to-Total Capitalization Ratio
In millions of USD, except ratio data (Unaudited)
The following tables reconcile Current and Long-Term Debt (GAAP) to Net Debt (Non-GAAP) and Total Capitalization (GAAP) to Total Capitalization (Non-GAAP), as used in the Net Debt-to-Total Capitalization ratio calculation. A portion of the cash is associated with international subsidiaries; tax considerations may impact debt paydown. EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who utilize Net Debt and Total Capitalization (Non-GAAP) in their Net Debt-to-Total Capitalization ratio calculation. EOG management uses this information for comparative purposes within the industry.
	September 30, 2022			June 30, 2022		September 30, 2021
Total Stockholders' Equity - (a)	23,849			22,312		21,765
Current and Long-Term Debt (GAAP) - (b)	5,084			5,091		5,117
Less: Cash	(5,272)			(3,073)		(4,293)
Net Debt (Non-GAAP) - (c)	(188)			2,018		824
Total Capitalization (GAAP) - (a) + (b)	28,933			27,403		26,882
Total Capitalization (Non-GAAP) - (a) + (c)	23,661			24,330		22,589
Debt-to-Total Capitalization (GAAP) - (b) / [(a) + (b)]	17.6	%		18.6	%	19.0	%
Net Debt-to-Total Capitalization (Non-GAAP) - (c) / [(a) + (c)]	-0.8	%		8.3	%	3.6	%

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