EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



SEMPRA ENERGY

 

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        709

 

 $       1,368

 

 $           512

 

 $         397

 

 $          77

 

 $          (7)

 

 $           (52)

 

 

 $ 3,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          514

 

          1,191

 

             474

 

           299

 

             70

 

             10

 

                10

 

 

    2,568

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            75

 

              69

 

                 7

 

             12

 

               3

 

                -

 

                  3

 

 

      169

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          120

 

             108

 

               31

 

             86

 

               4

 

           (17)

 

              (65)

 

 

      267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              4

 

               (2)

 

                  -

 

                -

 

                -

 

                -

 

                  9

 

 

        11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          124

 

             106

 

               31

 

             86

 

               4

 

           (17)

 

              (56)

 

 

      278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            24

 

              12

 

                 2

 

             (7)

 

               1

 

               1

 

                13

 

 

        46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            38

 

              39

 

                 4

 

             39

 

             (1)

 

             (8)

 

              (48)

 

 

        63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

               46

 

                -

 

             12

 

                -

 

                  -

 

 

        58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                -

 

                  1

 

 

          1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         62

 

 $            55

 

 $            71

 

 $          54

 

 $          16

 

 $        (10)

 

 $           (20)

 

 

 $    228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        722

 

 $       1,425

 

 $           780

 

 $         396

 

 $          76

 

 $             -

 

 $           (63)

 

 

 $ 3,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          556

 

          1,258

 

             578

 

           314

 

             70

 

             10

 

              (19)

 

 

    2,767

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            67

 

              66

 

                 7

 

             11

 

               3

 

                -

 

                  3

 

 

      157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

            99

 

             101

 

             195

 

             71

 

               3

 

           (10)

 

              (47)

 

 

      412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              2

 

                 -

 

               (1)

 

               1

 

               1

 

             (1)

 

                  2

 

 

          4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          101

 

             101

 

             194

 

             72

 

               4

 

           (11)

 

              (45)

 

 

      416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

            19

 

              15

 

               16

 

               6

 

                -

 

                -

 

                28

 

 

        84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            35

 

              37

 

               62

 

             25

 

               3

 

             (6)

 

              (48)

 

 

      108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                  -

 

                -

 

             10

 

                -

 

                  -

 

 

        10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                -

 

                21

 

 

        21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         47

 

 $            49

 

 $           116

 

 $          41

 

 $          11

 

 $          (5)

 

 $             (4)

 

 

 $    255

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, 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.