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Exhibit 99.2


SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        988

 

$          954

 

$           380

 

$          170

 

$            19

 

$          170

 

$             (13)

 

 

$  2,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(660)

 

(772)

 

(291)

 

(112)

 

(9)

 

(160)

 

(20)

 

 

(2,024)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(5)

 

(1)

 

-

 

-

 

-

 

-

 

(2)

 

 

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(131)

 

(94)

 

(14)

 

(16)

 

(6)

 

(24)

 

(2)

 

 

(287)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

1

 

54

 

1

 

 

56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

10

 

3

 

6

 

(1)

 

(1)

 

6

 

12

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

202

 

90

 

81

 

41

 

4

 

46

 

(24)

 

 

440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(50)

 

(17)

 

(6)

 

(1)

 

(6)

 

(12)

 

(40)

 

 

(132)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(39)

 

26

 

(21)

 

(12)

 

16

 

(14)

 

33

 

 

(11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

7

 

-

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(3)

 

-

 

(8)

 

-

 

-

 

(1)

 

1

 

 

(11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        110

 

$            99

 

$             46

 

$            35

 

$            14

 

$            19

 

$             (30)

 

 

$     293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        968

 

$       1,040

 

$           374

 

$          173

 

$             5

 

$          292

 

$            (248)

 

 

$  2,604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(589)

 

(824)

 

(294)

 

(57)

 

(7)

 

(334)

 

220

 

 

(1,885)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(4)

 

(2)

 

(1)

 

(3)

 

-

 

-

 

3

 

 

(7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(106)

 

(85)

 

(13)

 

(16)

 

(2)

 

(24)

 

(1)

 

 

(247)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

-

 

14

 

(1)

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

24

 

4

 

(1)

 

5

 

-

 

(1)

 

13

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

293

 

133

 

65

 

102

 

(4)

 

(53)

 

(14)

 

 

522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(39)

 

(17)

 

(7)

 

(4)

 

(4)

 

(9)

 

(38)

 

 

(118)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(83)

 

(37)

 

(12)

 

(25)

 

6

 

25

 

21

 

 

(105)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

7

 

-

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(13)

 

-

 

(7)

 

-

 

-

 

1

 

(2)

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        158

 

$            79

 

$             39

 

$            80

 

$            (2)

 

$           (36)

 

$             (33)

 

 

$     285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our segments' 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 









SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$     3,694

 

$       3,282

 

$         1,441

 

$          605

 

$            68

 

$          931

 

$            (374)

 

 

$      9,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(2,380)

 

(2,494)

 

(1,111)

 

(355)

 

(30)

 

(889)

 

287

 

 

(6,972)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(15)

 

(6)

 

-

 

(4)

 

-

 

-

 

(1)

 

 

(26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(490)

 

(362)

 

(56)

 

(62)

 

(16)

 

(93)

 

(11)

 

 

(1,090)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

(312)

(1)

(1)

 

 

(319)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

69

 

17

 

13

 

16

 

(2)

 

9

 

50

 

 

172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$           -

Income (Loss) Before Interest & Tax (2)

 

878

 

437

 

287

 

200

 

14

 

(354)

 

(50)

 

 

1,412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(178)

 

(69)

 

(17)

 

(6)

 

(16)

 

(43)

 

(146)

 

 

(475)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(190)

 

(79)

 

(78)

 

(73)

 

63

 

157

 

141

 

 

(59)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

36

 

-

 

-

 

-

 

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(26)

 

-

 

(28)

 

-

 

-

 

(1)

 

-

 

 

(55)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        484

 

$          289

 

$           164

 

$          157

 

$            61

 

$         (241)

 

$             (55)

 

 

$        859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$     3,373

 

$       3,816

 

$         1,080

 

$          736

 

$            22

 

$       1,632

 

$            (623)

 

 

$    10,036

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(2,177)

 

(2,994)

 

(859)

 

(433)

 

(18)

 

(1,336)

 

540

 

 

(7,277)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation (Expense) Adjustment

 

(19)

 

(5)

 

(1)

 

(9)

 

-

 

(5)

 

2

 

 

(37)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(422)

 

(331)

 

(40)

 

(63)

 

(6)

 

(103)

 

(11)

 

 

(976)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

43

 

(28)

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

79

 

13

 

299

 (4)

(13)

 

-

 

1

 

28

 

 

407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

834

 

499

 

479

 

218

 

(8)

 

232

 

(92)

 

 

2,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(147)

 

(69)

 

(12)

 

(18)

 

(13)

 

(46)

 

(142)

 

 

(447)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(237)

 

(143)

 

(42)

 

(37)

 

28

 

(72)

 

109

 

 

(394)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

23

 

29

 

-

 

-

 

-

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(19)

 

-

 

(23)

 

-

 

-

 

1

 

(1)

 

 

(42)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        431

 

$          287

 

$           425

 

$          192

 

$             7

 

$          115

 

$            (126)

 

 

$     1,331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes Rockies Express Pipeline LLC impairment charge of $400 million, partially offset by a $41 million Kinder Morgan receipt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our segments' 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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