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 December 31, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        802

 

 $          992

 

 $             14

 

 $          358

 

 $         119

 

 $            30

 

 $            (22)

 

 

 $ 2,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (590)

 

            (829)

 

              (18)

 

           (278)

 

            (99)

 

             (55)

 

                 (7)

 

 

  (1,876)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (75)

 

             (71)

 

                  -

 

             (14)

 

            (10)

 

              (7)

 

                 (2)

 

 

    (179)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

              241

 

              (2)

 

              13

 

                 -

 

                 (3)

 

 

      249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              7

 

                1

 

                  -

 

              (2)

 

                -

 

              (2)

 

               (81)

 

 

      (77)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          144

 

              93

 

              237

 

              62

 

              23

 

             (34)

 

             (115)

 

 

      410

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

           (23)

 

             (16)

 

               (4)

 

                 -

 

             (4)

 

              (2)

 

               (33)

 

 

      (82)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (40)

 

             (23)

 

              (69)

 

              (2)

 

             (3)

 

               23

 

                 99

 

 

      (15)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

               6

 

                 -

 

                   -

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         81

 

 $            54

 

 $           164

 

 $            60

 

 $           22

 

 $          (13)

 

 $            (49)

 

 

 $    319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        768

 

 $       1,114

 

 $           773

 

 $          412

 

 $           72

 

 $          (11)

 

 $            (18)

 

 

 $ 3,110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (590)

 

            (936)

 

            (469)

 

           (327)

 

            (70)

 

             (14)

 

               (33)

 

 

  (2,439)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (76)

 

             (71)

 

               (7)

 

             (15)

 

             (2)

 

                 -

 

                 (1)

 

 

    (172)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

                3

 

               1

 

                 -

 

                 (2)

 

 

          2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              1

 

                1

 

                  -

 

                 -

 

               1

 

                 -

 

                 15

 

 

        18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          103

 

             108

 

              297

 

              73

 

               2

 

             (25)

 

               (39)

 

 

      519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (22)

 

             (12)

 

              (15)

 

                2

 

             (1)

 

                 -

 

               (13)

 

 

      (61)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (34)

 

             (38)

 

              (96)

 

             (35)

 

                -

 

                6

 

                 14

 

 

    (183)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

              13

 

                 -

 

                   -

 

 

        13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                 -

 

               -

 

                 -

 

                   1

 

 

          1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         47

 

 $            58

 

 $           186

 

 $            40

 

 $           14

 

 $          (19)

 

 $            (37)

 

 

 $    289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" 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.






SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     3,251

 

 $       4,768

 

 $           500

 

 $      1,784

 

 $         457

 

 $          74

 

 $           (76)

 

 

 $10,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (2,386)

 

         (4,054)

 

           (428)

 

       (1,409)

 

         (413)

 

         (130)

 

              (25)

 

 

  (8,845)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (298)

 

            (280)

 

               (6)

 

           (56)

 

           (20)

 

           (15)

 

              (12)

 

 

    (687)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on Sale of Assets

 

              3

 

                 -

 

             110

 

               2

 

                -

 

                -

 

                (1)

 

 

      114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             383

 

               8

 

             43

 

                -

 

              (14)

 

 

      420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            25

 

                2

 

                  -

 

             (1)

 

               2

 

             11

 

              (93)

 

 

      (54)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          595

 

             436

 

             559

 

           328

 

             69

 

           (60)

 

            (221)

 

 

    1,706

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (95)

 

             (52)

 

             (16)

 

             (6)

 

                -

 

             (7)

 

              (42)

 

 

    (218)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (161)

 

            (140)

 

           (201)

 

         (100)

 

           (23)

 

             21

 

              166

 

 

    (438)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                 3

 

                -

 

             60

 

                -

 

                   -

 

 

        63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        339

 

 $          244

 

 $           345

 

 $         222

 

 $         106

 

 $        (46)

 

 $           (97)

 

 

 $ 1,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     2,852

 

 $       4,282

 

 $        2,674

 

 $      1,476

 

 $         314

 

 $        (22)

 

 $          (138)

 

 

 $11,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (2,053)

 

         (3,566)

 

         (1,906)

 

       (1,169)

 

         (297)

 

           (44)

 

              (44)

 

 

  (9,079)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (301)

 

            (281)

 

             (26)

 

           (56)

 

           (11)

 

                -

 

              (11)

 

 

    (686)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains on Sale of Assets

 

              2

 

                2

 

                  -

 

                -

 

                -

 

                -

 

                  2

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

               9

 

             (4)

 

                -

 

              (14)

 

 

        (9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            11

 

               (3)

 

                  -

 

                -

 

               3

 

                -

 

                79

 

 

        90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          511

 

             434

 

             742

 

           260

 

               5

 

           (66)

 

            (126)

 

 

    1,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (93)

 

             (44)

 

             (31)

 

             13

 

             (2)

 

             (2)

 

              (51)

 

 

    (210)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (135)

 

            (160)

 

           (252)

 

         (111)

 

               2

 

             22

 

              110

 

 

    (524)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

               40

 

                -

 

             59

 

                -

 

                   -

 

 

        99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                -

 

              (26)

 

 

      (26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        283

 

 $          230

 

 $           499

 

 $         162

 

 $          64

 

 $        (46)

 

 $           (93)

 

 

 $ 1,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" 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.