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         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South
American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating
Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        1,063

 

$       917

 

$            390

 

$           186

 

$              9

 

$         236

 

$               (123)

 

 

$     2,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(690)

 

(688)

 

(310)

 

(134)

 

(11)

 

(225)

 

103

 

 

(1,955)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(131)

 

(107)

 

(13)

 

(15)

 

(2)

 

(16)

 

(4)

 

 

(288)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of asset

 

-

 

-

 

2

 

-

 

-

 

-

 

-

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

9

 

14

 

-

 

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

7

 

3

 

4

 

12

 

1

 

-

 

22

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

249

 

125

 

73

 

49

 

6

 

9

 

(2)

 

 

509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense(2)

 

(51)

 

(17)

 

(6)

 

(3)

 

(1)

 

(1)

 

(55)

 

 

(134)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(69)

 

(28)

 

(18)

 

(12)

 

13

 

(3)

 

24

 

 

(93)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

-

 

-

 

-

 

9

 

-

 

-

 

-

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(6)

 

-

 

(7)

 

(9)

 

-

 

(1)

 

1

 

 

(22)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          123

 

$         80

 

$              42

 

$            34

 

$            18

 

$             4

 

$                 (32)

 

 

$        269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South
American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating
Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        1,064

 

$       904

 

$            371

 

$           163

 

$            30

 

$         218

 

$                 (99)

 

 

$     2,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(632)

 

(645)

 

(290)

 

(112)

 

(14)

 

(192)

 

79

 

 

(1,806)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(107)

 

(80)

 

(15)

 

(15)

 

(7)

 

(20)

 

(3)

 

 

(247)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure loss

 

(200)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(200)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, before income tax

 

-

 

-

 

-

 

-

 

(3)

 

11

 

-

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

9

 

3

 

-

 

(5)

 

5

 

2

 

12

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

134

 

182

 

66

 

31

 

11

 

19

 

(11)

 

 

432

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense(2)

 

(50)

 

(19)

 

(2)

 

(3)

 

(5)

 

(3)

 

(53)

 

 

(135)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(12)

 

(45)

 

(17)

 

(2)

 

9

 

(6)

 

41

 

 

(32)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(7)

 

8

 

-

 

-

 

-

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(7)

 

-

 

(6)

 

(8)

 

-

 

(1)

 

1

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$            65

 

$       118

 

$              34

 

$            26

 

$            15

 

$             9

 

$                 (22)

 

 

$        245

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Management believes Income (Loss) Before Interest and 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South
American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating
Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$       2,050

 

$    2,002

 

$            768

 

$           387

 

$            15

 

$         496

 

$               (245)

 

 

$     5,473

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(1,339)

 

(1,539)

 

(611)

 

(269)

 

(23)

 

(468)

 

207

 

 

(4,042)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(261)

 

(212)

 

(27)

 

(31)

 

(3)

 

(33)

 

(7)

 

 

(574)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

13

(1)

-

 

-

 

-

 

-

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of equity interest and asset

 

-

 

-

 

2

 

-

 

27

 

-

 

-

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

11

 

29

 

-

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

20

 

7

 

5

 

22

 

1

 

1

 

33

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

483

 

258

 

137

 

109

 

28

 

25

 

(12)

 

 

1,028

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(101)

 

(34)

 

(11)

 

(7)

 

(1)

 

(2)

 

(110)

 

 

(266)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(152)

 

(66)

 

(33)

 

(24)

 

19

 

(9)

 

45

 

 

(220)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(2)

 

17

 

-

 

-

 

-

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(8)

 

-

 

(14)

 

(19)

 

-

 

(1)

 

1

 

 

(41)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          222

 

$       158

 

$              77

 

$            76

 

$            46

 

$          13

 

$                 (76)

 

 

$        516

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South
American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating
Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$       2,003

 

$    1,887

 

$            755

 

$           331

 

$            51

 

$         471

 

$               (197)

 

 

$     5,301

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(1,269)

 

(1,445)

 

(591)

 

(225)

 

(27)

 

(412)

 

171

 

 

(3,798)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(241)

 

(180)

 

(30)

 

(31)

 

(15)

 

(40)

 

(5)

 

 

(542)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure loss

 

(200)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(200)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of asset

 

-

 

-

 

-

 

-

 

-

 

74

 

-

 

 

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, before income tax

 

-

 

-

 

-

 

-

 

(2)

 

20

 

-

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

20

 

7

 

3

 

4

 

5

 

4

 

20

 

 

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

313

 

269

 

137

 

79

 

12

 

117

 

(11)

 

 

916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(98)

 

(36)

 

(4)

 

(4)

 

(10)

 

(15)

 

(102)

 

 

(269)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(63)

 

(69)

 

(34)

 

(28)

 

17

 

(39)

 

6

 

 

(210)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(14)

 

19

 

-

 

-

 

-

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (earnings) attributable to noncontrolling interests

 

4

 

-

 

(14)

 

(9)

 

-

 

(1)

 

1

 

 

(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          156

 

$       164

 

$              71

 

$            57

 

$            19

 

$          62

 

$               (106)

 

 

$        423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

After taxes, including a $17 million charge to reduce certain tax regulatory assets attributed to SONGS, the adjustment to loss from plant closure is a $9 million charge to earnings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)

Management believes Income (Loss) Before Interest and 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.