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EX-99 - EXHIBIT 99.1 - SEMPRA ENERGYex991.htm



Exhibit 99.2




 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$       968

 

$       1,040

 

$             90

 

$          463

 

$          162

 

$           (119)

 

 

$  2,604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(589)

 

(824)

 

(108)

 

(348)

 

(108)

 

92

 

 

(1,885)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(4)

 

(2)

 

-

 

(1)

 

(2)

 

2

 

 

(7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(106)

 

(85)

 

(15)

 

(26)

 

(13)

 

(3)

 

 

(248)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

13

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

24

 

4

 

(1)

 

1

 

4

 

12

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

293

 

133

 

(34)

 

102

 

43

 

(16)

 

 

521

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(39)

 

(17)

 

(1)

 

(14)

 

(9)

 

(38)

 

 

(118)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(83)

 

(37)

 

29

 

(18)

 

(10)

 

22

 

 

(97)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

7

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(13)

 

-

 

-

 

(7)

 

-

 

(1)

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$       158

 

$           79

 

$             (6)

 

$           70

 

$           24

 

$             (33)

 

 

$     292

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

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)

 

(4)

 

 

(1,747)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(6)

 

11

 

(2)

 

-

 

-

 

12

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(98)

 

(79)

 

(18)

 

(12)

 

(13)

 

(4)

 

 

(224)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

(10)

 

11

 

-

 

(27)

 

 

(26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

28

 

4

 

(1)

 

2

 

1

 

24

 

 

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

203

 

134

 

45

 

30

 

35

 

(26)

 

 

421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(38)

 

(16)

 

3

 

(8)

 

(11)

 

(43)

 

 

(113)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(42)

 

(44)

 

(5)

 

10

 

(6)

 

70

 

 

(17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

7

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(18)

 

-

 

-

 

-

 

-

 

-

 

 

(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

$       105

 

$           74

 

$             43

 

$           39

 

$           18

 

$                1

 

 

$     280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$     3,373

 

$       3,816

 

$           886

 

$       1,443

 

$          714

 

$           (196)

 

 

$    10,036

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(2,177)

 

(2,994)

 

(667)

 

(1,076)

 

(479)

 

116

 

 

(7,277)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(19)

 

(5)

 

(4)

 

(2)

 

(8)

 

1

 

 

(37)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(422)

 

(331)

 

(70)

 

(92)

 

(51)

 

(12)

 

 

(978)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

(6)

 

43

 

-

 

(28)

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

79

 

13

 

-

 

297

  (1)

3

 

15

 

 

407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

834

 

499

 

139

 

613

 

179

 

(104)

 

 

2,160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(147)

 

(69)

 

(5)

 

(46)

 

(38)

 

(142)

 

 

(447)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(237)

 

(143)

 

3

 

(70)

 

(42)

 

123

 

 

(366)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

52

 

-

 

-

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(19)

 

-

 

-

 

(22)

 

-

 

(1)

 

 

(42)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$       431

 

$          287

 

$           137

 

$          527

 

$           99

 

$           (124)

 

 

$     1,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Generation

 

Pipelines & Storage

 

LNG

 

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)

 

22

 

 

(6,609)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(18)

 

10

 

(145)

 

(1)

 

(4)

 

(11)

 

 

(169)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(381)

 

(309)

 

(65)

 

(44)

 

(51)

 

(17)

 

 

(867)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

(12)

 

43

 

-

 

(323)

 (4)

 

(292)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

10

 

12

 

9

 

55

 

3

 

51

 

 

140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

667

 

528

 

93

 

157

 

140

 

(379)

 

 

1,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (3)

 

(141)

 

(66)

 

3

 

(21)

 

(47)

 

(158)

 

 

(430)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(173)

 

(176)

 

7

 

(26)

 

(25)

 

291

 

 

(102)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

49

 

-

 

-

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

16

 

-

 

-

 

-

 

-

 

-

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$       369

 

$          286

 

$           103

 

$          159

 

$           68

 

$           (246)

 

 

$        739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes gain of $277 million related to remeasurement of equity method investments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4) Includes $305 million write-down of our investment in RBS Sempra Commodities.