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SEMPRA ENERGY

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$     1,000

 

$       1,042

 

$           376

 

$          156

 

$             6

 

$          225

 

$           (100)

 

 

$  2,705

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(647)

 

(817)

 

(292)

 

(110)

 

(15)

 

(195)

 

74

 

 

(2,002)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(127)

 

(103)

 

(15)

 

(16)

 

(1)

 

(21)

 

(2)

 

 

(285)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

-

 

14

 

(4)

 

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

10

 

2

 

3

 

19

 

-

 

(4)

 

31

 

 

61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

236

 

124

 

72

 

49

 

(10)

 

19

 

(1)

 

 

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(50)

 

(17)

 

(4)

 

(11)

 

5

 

(5)

 

(59)

 

 

(141)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(44)

 

(9)

 

(17)

 

(16)

 

11

 

(5)

 

41

 

 

(39)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Net of Income Tax

 

-

 

-

 

(1)

 

12

 

-

 

-

 

-

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(23)

 

-

 

(7)

 

(8)

 

-

 

-

 

-

 

 

(38)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$       119

 

$           98

 

$             43

 

$           26

 

$             6

 

$             9

 

$             (19)

 

 

$     282

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(665)

 

(773)

 

(291)

 

(112)

 

(9)

 

(160)

 

(22)

 

 

(2,032)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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) Income 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, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$     4,066

 

$       3,736

 

$        1,495

 

$          675

 

$            82

 

$          908

 

$           (405)

 

 

$    10,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(2,590)

 

(2,814)

 

(1,169)

 

(452)

 

(52)

 

(818)

 

335

 

 

(7,560)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(494)

 

(383)

 

(59)

 

(63)

 

(21)

 

(81)

 

(12)

 

 

(1,113)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss From Plant Closure

 

(200)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(200)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on Sale of Assets

 

-

 

-

 

-

 

-

 

40

 

74

 

-

 

 

114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(12)

 

47

 

(4)

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

40

 

11

 

9

 

24

 

9

 

3

 

44

 

 

140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

822

 

550

 

276

 

184

 

46

 

133

 

(42)

 

 

1,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(203)

 

(70)

 

(13)

 

(15)

 

(3)

 

(28)

 

(215)

 

 

(547)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(191)

 

(116)

 

(67)

 

(60)

 

19

 

(40)

 

89

 

 

(366)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Net of Income Tax

 

-

 

-

 

(15)

 

39

 

-

 

-

 

-

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(24)

 

-

 

(28)

 

(26)

 

-

 

(1)

 

-

 

 

(79)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$       404

 

$          364

 

$           153

 

$          122

 

$            62

 

$           64

 

$           (168)

 

 

$     1,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(2,395)

 

(2,500)

 

(1,111)

 

(359)

 

(37)

 

(889)

 

286

 

 

(7,005)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(490)

 

(362)

 

(56)

 

(62)

 

(16)

 

(93)

 

(11)

 

 

(1,090)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on Sale of Assets

 

-

 

-

 

-

 

-

 

7

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

(312)

 (3)

(1)

 

 

(319)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

69

 

17

 

13

 

16

 

(2)

 

9

 

50

 

 

172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

878

 

437

 

287

 

200

 

14

 

(354)

 

(50)

 

 

1,412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, Preferred Dividends of Subsidiaries and Call Premium on Preferred Stock.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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