Expand Energy Corp., adjusted current assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Current assets	1,997)	2,609)	2,698)	2,103)
Adjustments
Add: Allowance for doubtful accounts	11)	1)	3)	3)
After Adjustment
Adjusted current assets	2,008)	2,610)	2,701)	2,106)

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Expand Energy Corp., adjusted total assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Total assets	27,894)	14,376)	15,468)	11,009)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Add: Allowance for doubtful accounts	11)	1)	3)	3)
Less: Deferred income tax assets²	589)	933)	1,351)	—)
After Adjustment
Adjusted total assets	27,316)	13,444)	14,120)	11,012)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets. See details »

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Expand Energy Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Total liabilities	10,329)	3,647)	6,344)	5,338)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Less: Deferred income tax liabilities²	(10)	—)	—)	—)
After Adjustment
Adjusted total liabilities	10,339)	3,647)	6,344)	5,338)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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Expand Energy Corp., adjusted stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Stockholders’ equity	17,565)	10,729)	9,124)	5,671)
Adjustments
Less: Net deferred tax asset (liability)¹	579)	933)	1,351)	—)
Add: Allowance for doubtful accounts	11)	1)	3)	3)
After Adjustment
Adjusted stockholders’ equity	16,997)	9,797)	7,776)	5,674)

¹ Net deferred tax asset (liability). See details »

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Expand Energy Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Current maturities of long-term debt, net	389)	—)	—)	—)
Long-term debt, net, excluding current maturities	5,291)	2,028)	3,093)	2,278)
Total reported debt	5,680)	2,028)	3,093)	2,278)
Stockholders’ equity	17,565)	10,729)	9,124)	5,671)
Total reported capital	23,245)	12,757)	12,217)	7,949)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Add: Current operating lease liabilities²	71)	84)	86)	29)
Add: Long-term operating lease liabilities³	74)	15)	33)	9)
Adjusted total debt	5,825)	2,127)	3,212)	2,316)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	579)	933)	1,351)	—)
Add: Allowance for doubtful accounts	11)	1)	3)	3)
Adjusted stockholders’ equity	16,997)	9,797)	7,776)	5,674)
After Adjustment
Adjusted total capital	22,822)	11,924)	10,988)	7,990)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax asset (liability). See details »

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Expand Energy Corp., adjusted net income (loss)

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
As Reported
Net income (loss)	(714)	2,419)	4,936)	6,328)
Adjustments
Add: Deferred income tax expense (benefit)¹	(123)	428)	(1,332)	(106)
Add: Increase (decrease) in allowance for doubtful accounts	10)	(2)	—)	(27)
Add: Other comprehensive income, net of income tax	—)	—)	—)	3)
After Adjustment
Adjusted net income (loss)	(827)	2,845)	3,604)	6,198)

¹ Deferred income tax expense (benefit). See details »

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Expand Energy Corp. (NASDAQ:EXE)

Adjustments to Financial Statements