SAN DIEGO GAS & ELECTRIC CO - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - November 7, 2018

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Exhibit 99.2
 
         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,299

 
$
802

 
$
—

 
$
375

 
$
410

 
$
38

 
$
147

 
$
(131
)
 
 
$
2,940

Cost of sales and other expenses
(825
)
 
(656
)
 
—

 
(277
)
 
(201
)
 
(24
)
 
(131
)
 
98

 
 
(2,016
)
Depreciation and amortization
(174
)
 
(141
)
 
—

 
(14
)
 
(45
)
 
—

 
(2
)
 
(4
)
 
 
(380
)
Impairment losses
—

 
—

 
—

 
—

 
(4
)
 
—

 
—

 
—

 
 
(4
)
Other income, net
24

 
3

 
—

 
1

 
66

 
—

 
—

 
3

 
 
97

Income (loss) before interest and tax(1)
324

 
8

 
—

 
85

 
226

 
14

 
14

 
(34
)
 
 
637

Net interest (expense) income
(55
)
 
(29
)
 
—

 
(4
)
 
(13
)
 
(3
)
 
7

 
(113
)
 
 
(210
)
Income tax (expense) benefit
(53
)
 
7

 
—

 
(23
)
 
(126
)
 
2

 
(6
)
 
32

 
 
(167
)
Equity earnings (losses), net
—

 
—

 
154

 
—

 
(28
)
 
12

 
—

 
(64
)
 
 
74

(Earnings) losses attributable to noncontrolling interests
(11
)
 
—

 
—

 
(8
)
 
(15
)
 
9

 
1

 
—

 
 
(24
)
Preferred dividends
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(36
)
 
 
(36
)
Earnings (losses)
$
205

 
$
(14
)
 
$
154

 
$
50

 
$
44

 
$
34

 
$
16

 
$
(215
)
 
 
$
274

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,236

 
$
684

 
$
—

 
$
376

 
$
336

 
$
26

 
$
152

 
$
(131
)
 
 
$
2,679

Cost of sales and other expenses(2)
(773
)
 
(547
)
 
—

 
(295
)
 
(152
)
 
(22
)
 
(154
)
 
112

 
 
(1,831
)
Depreciation and amortization
(170
)
 
(132
)
 
—

 
(14
)
 
(41
)
 
(9
)
 
(10
)
 
(2
)
 
 
(378
)
Impairment losses
(351
)
 
—

 
—

 
—

 
(1
)
 
—

 
—

 
—

 
 
(352
)
Other income, net(2)
20

 
13

 
—

 
2

 
3

 
—

 
1

 
1

 
 
40

(Loss) income before interest and tax(1)(3)
(38
)
 
18

 
—

 
69

 
145

 
(5
)
 
(11
)
 
(20
)
 
 
158

Net interest (expense) income
(53
)
 
(25
)
 
—

 
(4
)
 
(14
)
 
(2
)
 
5

 
(60
)
 
 
(153
)
Income tax benefit (expense)
72

 
14

 
—

 
(18
)
 
(34
)
 
9

 
2

 
39

 
 
84

Equity earnings, net(3)
—

 
—

 
—

 
1

 
2

 
7

 
3

 
—

 
 
13

(Earnings) losses attributable to noncontrolling interests
(9
)
 
—

 
—

 
(6
)
 
(33
)
 
6

 
(3
)
 
—

 
 
(45
)
(Losses) earnings
$
(28
)
 
$
7

 
$
—

 
$
42

 
$
66

 
$
15

 
$
(4
)
 
$
(41
)
 
 
$
57

 
 
(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)
As adjusted for the retrospective adoption of ASU 2017-07.
(3)
As adjusted for a reclassification to conform to current year presentation.




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
3,405

 
$
2,700

 
$
—

 
$
1,190

 
$
1,028

 
$
103

 
$
330

 
$
(290
)
 
 
$
8,466

Cost of sales and other expenses
(2,133
)
 
(1,934
)
 
—

 
(915
)
 
(453
)
 
(68
)
 
(324
)
 
221

 
 
(5,606
)
Depreciation and amortization
(509
)
 
(414
)
 
—

 
(43
)
 
(131
)
 
(27
)
 
(24
)
 
(10
)
 
 
(1,158
)
Impairment losses
—

 
—

 
—

 
—

 
(4
)
 
—

 
(1,300
)
 
—

 
 
(1,304
)
Other income, net
77

 
49

 
—

 
4

 
64

 
—

 
—

 
2

 
 
196

Income (loss) before interest and tax(1)
840

 
401

 
—

 
236

 
504

 
8

 
(1,318
)
 
(77
)
 
 
594

Net interest (expense) income
(158
)
 
(81
)
 
—

 
(11
)
 
(42
)
 
(9
)
 
18

 
(326
)
 
 
(609
)
Income tax (expense) benefit
(151
)
 
(75
)
 
—

 
(64
)
 
(226
)
 
67

 
488

 
88

 
 
127

Equity earnings (losses), net
—

 
—

 
283

 
1

 
2

 
(170
)
 
1

 
(67
)
 
 
50

(Earnings) losses attributable to noncontrolling interests
(10
)
 
—

 
—

 
(22
)
 
(77
)
 
50

 
47

 
—

 
 
(12
)
Preferred dividends
—

 
(1
)
 
—

 
—

 
—

 
—

 
—

 
(89
)
 
 
(90
)
Earnings (losses)
$
521

 
$
244

 
$
283

 
$
140

 
$
161

 
$
(54
)
 
$
(764
)
 
$
(471
)
 

$
60

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
3,351

 
$
2,695

 
$
—

 
$
1,169

 
$
873

 
$
74

 
$
406

 
$
(325
)
 
 
$
8,243

Cost of sales and other expenses(2)
(2,048
)
 
(1,914
)
 
—

 
(915
)
 
(403
)
 
(57
)
 
(353
)
 
275

 
 
(5,415
)
Depreciation and amortization
(499
)
 
(384
)
 
—

 
(40
)
 
(114
)
 
(28
)
 
(31
)
 
(10
)
 
 
(1,106
)
Impairment losses
(351
)
 
—

 
—

 
—

 
(72
)
 
—

 
—

 
—

 
 
(423
)
Other income, net(2)
61

 
51

 
—

 
7

 
190

 
1

 
2

 
10

 
 
322

Income (loss) before interest and tax(1)(3)
514

 
448

 
—

 
221

 
474

 
(10
)
 
24

 
(50
)
 
 
1,621

Net interest (expense) income
(151
)
 
(76
)
 
—

 
(13
)
 
(61
)
 
(7
)
 
14

 
(173
)
 
 
(467
)
Income tax (expense) benefit
(72
)
 
(103
)
 
—

 
(57
)
 
(278
)
 
25

 
(17
)
 
124

 
 
(378
)
Equity earnings (losses), net(3)
—

 
—

 
—

 
2

 
(7
)
 
25

 
6

 
—

 
 
26

(Earnings) losses attributable to noncontrolling interests
(15
)
 
—

 
—

 
(19
)
 
(23
)
 
16

 
(3
)
 
—

 
 
(44
)
Preferred dividends
—

 
(1
)
 
—

 
—

 
—

 
—

 
—

 
—

 
 
(1
)
Earnings (losses)
$
276

 
$
268

 
$
—

 
$
134

 
$
105

 
$
49

 
$
24

 
$
(99
)
 
 
$
757

 
 
(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)
As adjusted for the retrospective adoption of ASU 2017-07.
(3)
As adjusted for a reclassification to conform to current year presentation.