SEMPRA ENERGY - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - February 28, 2017

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Exhibit 99.2
 
         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENT OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,061

 
$
1,135

 
$
386

 
$
244

 
$
9

 
$
124

 
$
(89
)
 
 
$
2,870

Cost of sales and other expenses
(632
)
 
(779
)
 
(318
)
 
(124
)
 
(16
)
 
(127
)
 
58

 
 
(1,938
)
Depreciation and amortization
(168
)
 
(121
)
 
(8
)
 
(30
)
 
(2
)
 
(10
)
 
(3
)
 
 
(342
)
Adjustment to impairment losses
—

 
1

 
—

 
—

 
—

 
—

 
—

 
 
1

(Loss) gain on sale of assets
—

 
—

 
(1
)
 
—

 
4

 
—

 
—

 
 
3

Equity earnings (losses), before income tax
—

 
—

 
—

 
—

 
4

 
(2
)
 
—

 
 
2

Other income (expense), net
12

 
8

 
11

 
6

 
1

 
1

 
(5
)
 
 
34

Income (loss) before interest and tax (1)
273

 
244

 
70

 
96

 
—

 
(14
)
 
(39
)
 
 
630

Net interest (expense) income (2)
(50
)
 
(25
)
 
(3
)
 
1

 
(1
)
 
9

 
(56
)
 
 
(125
)
Income tax (expense) benefit
(76
)
 
(68
)
 
(34
)
 
(18
)
 
9

 
3

 
79

 
 
(105
)
Equity earnings, net of income tax
—

 
—

 
—

 
9

 
—

 
—

 
—

 
 
9

Losses (earnings) attributable to noncontrolling interests
4

 
—

 
(4
)
 
(32
)
 
4

 
(1
)
 
(1
)
 
 
(30
)
Earnings (losses)
$
151

 
$
151

 
$
29

 
$
56

 
$
12

 
$
(3
)
 
$
(17
)
 

$
379

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,051

 
$
1,041

 
$
393

 
$
161

 
$
6

 
$
141

 
$
(92
)
 
 
$
2,701

Cost of sales and other expenses
(649
)
 
(706
)
 
(309
)
 
(101
)
 
(15
)
 
(153
)
 
61

 
 
(1,872
)
Depreciation and amortization
(158
)
 
(119
)
 
(13
)
 
(18
)
 
(1
)
 
(13
)
 
(3
)
 
 
(325
)
Impairment losses
—

 
(9
)
 
—

 
—

 
—

 
—

 
—

 
 
(9
)
Plant closure adjustment
5

 
—

 
—

 
—

 
—

 
—

 
—

 
 
5

Gain on sale of asset
—

 
—

 
—

 
—

 
8

 
—

 
—

 
 
8

Equity earnings (losses), before income tax
—

 
—

 
—

 
—

 
4

 
25

 
(4
)
 
 
25

Other income, net
10

 
5

 
4

 
9

 
1

 
—

 
9

 
 
38

Income (loss) before interest and tax (1)
259

 
212

 
75

 
51

 
3

 
—

 
(29
)
 
 
571

Net interest (expense) income (2)
(49
)
 
(22
)
 
(5
)
 
(3
)
 
1

 
—

 
(61
)
 
 
(139
)
Income tax (expense) benefit
(67
)
 
(47
)
 
(17
)
 
(4
)
 
12

 
1

 
57

 
 
(65
)
Equity earnings, net of income tax
—

 
—

 
—

 
21

 
—

 
—

 
—

 
 
21

Losses (earnings) attributable to noncontrolling interests
1

 
—

 
(7
)
 
(12
)
 
—

 
—

 
(1
)
 
 
(19
)
Earnings (losses)
$
144

 
$
143

 
$
46

 
$
53

 
$
16

 
$
1

 
$
(34
)
 
 
$
369

 
 
(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, interest expense and preferred dividends of subsidiary.
 
 
 




         SEMPRA ENERGY
           Table F (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STATEMENT OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
4,253

 
$
3,471

 
$
1,556

 
$
725

 
$
34

 
$
508

 
$
(364
)
 
 
$
10,183

Cost of sales and other expenses
(2,617
)
 
(2,416
)
 
(1,255
)
 
(413
)
 
(56
)
 
(780
)
 
287

 
 
(7,250
)
Depreciation and amortization
(646
)
 
(476
)
 
(49
)
 
(77
)
 
(6
)
 
(47
)
 
(11
)
 
 
(1,312
)
Impairment losses
—

 
(22
)
 
—

 
(131
)
 
—

 
—

 
—

 
 
(153
)
Gain on sale of assets
—

 
—

 
—

 
—

 
4

 
130

 
—

 
 
134

Equity earnings (losses), before income tax
—

 
—

 
—

 
—

 
34

 
(28
)
 
—

 
 
6

Remeasurement of equity method investment
—

 
—

 
—

 
617

 
—

 
—

 
—

 
 
617

Other income (expense), net
50

 
32

 
21

 
(5
)
 
2

 
3

 
29

 
 
132

Income (loss) before interest and tax (1)
1,040

 
589

 
273

 
716

 
12

 
(214
)
 
(59
)
 
 
2,357

Net interest (expense) income (2)
(195
)
 
(97
)
 
(17
)
 
(7
)
 
1

 
28

 
(241
)
 
 
(528
)
Income tax (expense) benefit
(280
)
 
(143
)
 
(80
)
 
(188
)
 
38

 
80

 
184

 
 
(389
)
Equity earnings, net of income tax
—

 
—

 
3

 
75

 
—

 
—

 
—

 
 
78

Losses (earnings) attributable to noncontrolling interests
5

 
—

 
(23
)
 
(133
)
 
4

 
(1
)
 
—

 
 
(148
)
Earnings (losses)
$
570

 
$
349

 
$
156

 
$
463

 
$
55

 
$
(107
)
 
$
(116
)
 
 
$
1,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
4,219

 
$
3,489

 
$
1,544

 
$
669

 
$
36

 
$
653

 
$
(379
)
 
 
$
10,231

Cost of sales and other expenses
(2,583
)
 
(2,411
)
 
(1,232
)
 
(415
)
 
(51
)
 
(681
)
 
311

 
 
(7,062
)
Depreciation and amortization
(604
)
 
(461
)
 
(50
)
 
(70
)
 
(6
)
 
(49
)
 
(10
)
 
 
(1,250
)
Impairment losses
—

 
(9
)
 
—

 
—

 
—

 
—

 
—

 
 
(9
)
Plant closure adjustment
26

 
—

 
—

 
—

 
—

 
—

 
—

 
 
26

Gain on sale of assets
—

 
—

 
1

 
—

 
8

 
61

 
—

 
 
70

Equity earnings (losses), before income tax
—

 
—

 
—

 
—

 
24

 
84

 
(4
)
 
 
104

Other income, net
36

 
30

 
22

 
20

 
2

 
—

 
16

 
 
126

Income (loss) before interest and tax (1)
1,094

 
638

 
285

 
204

 
13

 
68

 
(66
)
 
 
2,236

Net interest (expense) income (2)
(204
)
 
(81
)
 
(13
)
 
(16
)
 
1

 
3

 
(223
)
 
 
(533
)
Income tax (expense) benefit
(284
)
 
(138
)
 
(67
)
 
(11
)
 
49

 
(28
)
 
138

 
 
(341
)
Equity (losses) earnings, net of income tax
—

 
—

 
(4
)
 
89

 
—

 
—

 
—

 
 
85

(Earnings) losses attributable to noncontrolling interests
(19
)
 
—

 
(26
)
 
(53
)
 
—

 
1

 
(1
)
 
 
(98
)
Earnings (losses)
$
587

 
$
419

 
$
175

 
$
213

 
$
63

 
$
44

 
$
(152
)
 
 
$
1,349

 
 
(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, interest expense and preferred dividends of subsidiary.
 
 
 


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