EX-99 3 ex99_2.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$          966

 

$    1,048

 (1)

$            389

 

$           163

 

$              8

 

$         197

 

$                 (89)

 

 

$     2,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(560)

 

(615)

 

(314)

 

(102)

 

(11)

 

(196)

 

73

 

 

(1,725)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(145)

 

(113)

 

(13)

 

(17)

 

(2)

 

(12)

 

(1)

 

 

(303)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

21

 

-

 

-

 

-

 

-

 

-

 

-

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

2

 

17

 

-

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

9

 

8

 

3

 

9

 

-

 

-

 

10

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

291

 

328

 

65

 

53

 

(3)

 

6

 

(7)

 

 

733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(52)

 

(19)

 

(1)

 

(3)

 

(1)

 

(2)

 

(49)

 

 

(127)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(88)

 

(95)

 (1)

(16)

 

(8)

 

17

 

(2)

 

29

 

 

(163)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(1)

 

16

 

-

 

-

 

-

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(4)

 

-

 

(6)

 

(11)

 

-

 

-

 

-

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          147

 

$       214

 (1)

$              41

 

$            47

 

$            13

 

$            2

 

$                 (27)

 

 

$        437

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$          987

 

$    1,085

 

$            378

 

$           201

 

$              6

 

$         260

 

$               (122)

 

 

$     2,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(649)

 

(851)

 

(301)

 

(135)

 

(12)

 

(243)

 

104

 

 

(2,087)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(130)

 

(105)

 

(14)

 

(16)

 

(1)

 

(17)

 

(3)

 

 

(286)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

13

(4)

-

 

-

 

-

 

-

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of equity interest

 

-

 

-

 

-

 

-

 

27

 

-

 

-

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

2

 

15

 

-

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

13

 

4

 

1

 

10

 

-

 

1

 

11

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

234

 

133

 

64

 

60

 

22

 

16

 

(10)

 

 

519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(50)

 

(17)

 

(5)

 

(4)

 

-

 

(1)

 

(55)

 

 

(132)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(83)

 

(38)

 

(15)

 

(12)

 

6

 

(6)

 

21

 

 

(127)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(2)

 

8

 

-

 

-

 

-

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to noncontrolling interests

 

(2)

 

-

 

(7)

 

(10)

 

-

 

-

 

-

 

 

(19)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$            99

 

$         78

 

$              35

 

$            42

 

$            28

 

$            9

 

$                 (44)

 

 

$        247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Reflects the impact of seasonalization at Southern California Gas Co. as discussed on Table D.

(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 subsidiary.

(4)

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.