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SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Commodities

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 804

 

$ 1,030

 

$ 293

 

$ 88

 

$ 157

 

$ -

 

$ (27)

 

 

$ 2,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(525)

 

(832)

 

(217)

 

(59)

 

(110)

 

(8)

 

4

 

 

(1,747)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

(6)

 

11

 

(2)

 

-

 

-

 

11

 

1

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(98)

 

(79)

 

(18)

 

(12)

 

(13)

 

-

 

(4)

 

 

(224)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(10)

 

11

 

-

 

(24)

 

(3)

 

 

(26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

28

 

4

 

(1)

 

2

 

1

 

1

 

23

 

 

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

203

 

134

 

45

 

30

 

35

 

(20)

 

(6)

 

 

421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(38)

 

(16)

 

3

 

(8)

 

(11)

 

(4)

 

(39)

 

 

(113)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(42)

 

(44)

 

(5)

 

10

 

(6)

 

17

 

53

 

 

(17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

7

 

-

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(18)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 105

 

$ 74

 

$ 43

 

$ 39

 

$ 18

 

$ (7)

 

$ 8

 

 

$ 280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Commodities

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 780

 

$ 1,079

 

$ 337

 

$ 137

 

$ 153

 

$ -

 

$ (30)

 

 

$ 2,456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(560)

 

(887)

 

(250)

 

(94)

 

(77)

 

(7)

 

(13)

 

 

(1,888)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

(1)

 

(1)

 

(1)

 

(1)

 

(1)

 

-

 

1

 

 

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(90)

 

(73)

 

(15)

 

(13)

 

(12)

 

-

 

(4)

 

 

(207)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

-

 

11

 

-

 

79

 

(2)

 

 

88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

19

 

3

 

2

 

2

 

1

 

(1)

 

26

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

148

 

121

 

73

 

42

 

64

 

71

 

(22)

 

 

497

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(30)

 

(17)

 

1

 

(7)

 

(12)

 

-

 

(43)

 

 

(108)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(36)

 

(29)

 

(29)

 

(6)

 

(17)

 

(2)

 

24

 

 

(95)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

9

 

-

 

-

 

-

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(15)

 

-

 

-

 

(1)

 

-

 

-

 

1

 

 

(15)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 67

 

$ 75

 

$ 45

 

$ 37

 

$ 35

 

$ 69

 

$ (40)

 

 

$ 288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 











SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Commodities

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 3,049

 

$ 3,822

 

$ 1,172

 

$ 350

 

$ 711

 

$ -

 

$ (101)

 

 

$ 9,003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,993)

 

(3,007)

 

(866)

 

(246)

 

(519)

 

(23)

 

45

 

 

(6,609)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

(18)

 

10

 

(145)

 

(1)

 

(4)

 

(9)

 

(2)

 

 

(169)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(381)

 

(309)

 

(65)

 

(44)

 

(51)

 

-

 

(17)

 

 

(867)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(12)

 

43

 

-

 

(314)

 

(9)

 

 

(292)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

10

 

12

 

9

 

55

 

3

 

1

 

50

 

 

140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

667

 

528

 

93

 

157

 

140

 

(345)

 

(34)

 

 

1,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(141)

 

(66)

 

3

 

(21)

 

(47)

 

(1)

 

(157)

 

 

(430)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(173)

 

(176)

 

7

 

(26)

 

(25)

 

191

 

100

 

 

(102)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

49

 

-

 

-

 

-

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

16

 

-

 

-

 

-

 

-

 

-

 

-

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 369

 

$ 286

 

$ 103

 

$ 159

 

$ 68

 

$ (155)

 

$ (91)

 

 

$ 739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Commodities

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 2,916

 

$ 3,355

 

$ 1,179

 

$ 465

 

$ 278

 

$ -

 

$ (87)

 

 

$ 8,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(2,003)

 

(2,583)

 

(844)

 

(470)

(3)

(218)

 

(13)

 

(22)

 

 

(6,153)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

5

 

(3)

 

(1)

 

(3)

 

(2)

 

-

 

-

 

 

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(329)

 

(293)

 

(58)

 

(45)

 

(35)

 

-

 

(15)

 

 

(775)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(2)

 

50

 

-

 

463

 

(12)

 

 

499

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

64

 

7

 

3

 

2

 

2

 

(2)

 

73

 

 

149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

653

 

483

 

277

 

(1)

 

25

 

448

 

(63)

 

 

1,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(108)

 

(66)

 

-

 

(17)

 

(24)

 

(7)

 

(134)

 

 

(356)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(177)

 

(144)

 

(108)

 

20

 

15

 

(103)

 

75

 

 

(422)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

68

 

-

 

-

 

-

 

 

68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(24)

 

-

 

-

 

31

 

-

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 344

 

$ 273

 

$ 169

 

$ 101

 

$ 16

 

$ 338

 

$ (122)

 

 

$ 1,119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Includes $132 million write-off of long-lived assets.