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         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 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

 

$        1,233

 

$       855

 

$            379

 

$           234

 

$            10

 

$         252

 

$               (148)

 

 

$     2,815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(823)

 

(593)

 

(305)

 

(156)

 

(13)

 

(255)

 

137

 

 

(2,008)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(134)

 

(109)

 

(14)

 

(16)

 

(1)

 

(17)

 

(1)

 

 

(292)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of equity interest

 

-

 

-

 

-

 

19

 

-

 

-

 

-

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

7

 

15

 

-

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

9

 

6

 

10

 

5

 

-

 

1

 

(2)

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

285

 

159

 

70

 

86

 

3

 

(4)

 

(14)

 

 

585

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (2)

 

(51)

 

(17)

 

(3)

 

(4)

 

(2)

 

(1)

 

(60)

 

 

(138)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(65)

 

(44)

 

(26)

 

(13)

 

16

 

31

 

30

 

 

(71)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(2)

 

9

 

-

 

-

 

-

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(12)

 

-

 

(7)

 

(15)

 

-

 

-

 

(1)

 

 

(35)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          157

 

$         98

 

$              32

 

$            63

 

$            17

 

$           26

 

$                 (45)

 

 

$        348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 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

 

$        1,063

 

$       807

 

$            364

 

$           188

 

$            25

 

$         212

 

$               (108)

 

 

$     2,551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(674)

 

(552)

 

(286)

 

(117)

 

(10)

 

(211)

 

91

 

 

(1,759)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(126)

 

(100)

 

(14)

 

(16)

 

(5)

 

(20)

 

(5)

 

 

(286)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (loss) on sale of equity interests and assets

 

-

 

-

 

-

 

-

 

40

 

-

 

(1)

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, before income tax

 

-

 

-

 

-

 

-

 

(10)

 

13

 

-

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

10

 

2

 

3

 

1

 

4

 

3

 

(7)

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

273

 

157

 

67

 

56

 

44

 

(3)

 

(30)

 

 

564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest (expense) income (2)

 

(55)

 

(17)

 

(5)

 

-

 

2

 

(8)

 

(54)

 

 

(137)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(84)

 

(38)

 

(16)

 

(16)

 

(9)

 

4

 

42

 

 

(117)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

-

 

-

 

-

 

8

 

-

 

-

 

-

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(5)

 

-

 

(7)

 

(9)

 

-

 

-

 

(1)

 

 

(22)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          129

 

$       102

 

$              39

 

$            39

 

$            37

 

$            (7)

 

$                 (43)

 

 

$        296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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)

Includes interest income and interest expense. In 2013, also includes call premium on preferred stock of subsidiary and preferred dividends of subsidiaries.









 

         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 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

 

$       3,283

 

$    2,857

 

$         1,147

 

$           621

 

$            25

 

$         748

 

$               (393)

 

 

$     8,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(2,162)

 

(2,132)

 

(916)

 

(425)

 

(36)

 

(723)

 

344

 

 

(6,050)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(395)

 

(321)

 

(41)

 

(47)

 

(4)

 

(50)

 

(8)

 

 

(866)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

13

(1)

-

 

-

 

-

 

-

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of equity interests and assets

 

-

 

-

 

2

 

19

 

27

 

-

 

-

 

 

48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

18

 

44

 

-

 

 

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

29

 

13

 

15

 

27

 

1

 

2

 

31

 

 

118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

768

 

417

 

207

 

195

 

31

 

21

 

(26)

 

 

1,613

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(152)

 

(51)

 

(14)

 

(11)

 

(3)

 

(3)

 

(170)

 

 

(404)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(217)

 

(110)

 

(59)

 

(37)

 

35

 

22

 

75

 

 

(291)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(4)

 

26

 

-

 

-

 

-

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(20)

 

-

 

(21)

 

(34)

 

-

 

(1)

 

-

 

 

(76)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          379

 

$       256

 

$            109

 

$           139

 

$            63

 

$          39

 

$               (121)

 

 

$        864

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 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

 

$       3,066

 

$    2,694

 

$         1,119

 

$           519

 

$            76

 

$         683

 

$               (305)

 

 

$     7,852

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(1,943)

 

(1,997)

 

(877)

 

(342)

 

(37)

 

(623)

 

262

 

 

(5,557)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(367)

 

(280)

 

(44)

 

(47)

 

(20)

 

(60)

 

(10)

 

 

(828)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure loss

 

(200)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(200)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (loss) on sale of equity interests and assets

 

-

 

-

 

-

 

-

 

40

 

74

 

(1)

 

 

113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, before income tax

 

-

 

-

 

-

 

-

 

(12)

 

33

 

-

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

30

 

9

 

6

 

5

 

9

 

7

 

13

 

 

79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

586

 

426

 

204

 

135

 

56

 

114

 

(41)

 

 

1,480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(153)

 

(53)

 

(9)

 

(4)

 

(8)

 

(23)

 

(156)

 

 

(406)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(147)

 

(107)

 

(50)

 

(44)

 

8

 

(35)

 

48

 

 

(327)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(14)

 

27

 

-

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(1)

 

-

 

(21)

 

(18)

 

-

 

(1)

 

-

 

 

(41)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          285

 

$       266

 

$            110

 

$            96

 

$            56

 

$          55

 

$               (149)

 

 

$        719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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)

Includes interest income, interest expense and preferred dividends of subsidiaries. In 2013, also includes call premium on preferred stock of subsidiary.