EX-99 3 exhibit992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



 

         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$          972

 

$       780

(1)

$            389

 

$           152

 

$            10

 

$         155

 

$                 (91)

 

 

$     2,367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(596)

 

(573)

 

(311)

 

(90)

 

(12)

 

(156)

 

77

 

 

(1,661)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(149)

 

(113)

 

(12)

 

(17)

 

(1)

 

(12)

 

(3)

 

 

(307)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of assets

 

-

 

-

 

1

 

-

 

-

 

61

 

-

 

 

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

10

 

17

 

-

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

9

 

9

 

6

 

6

 

1

 

-

 

6

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

236

 

103

 

73

 

51

 

8

 

65

 

(11)

 

 

525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest (expense) income (3)

 

(52)

 

(17)

 

(3)

 

(4)

 

-

 

2

 

(56)

 

 

(130)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(54)

 

(16)

(1)

(18)

 

(5)

 

11

 

(27)

 

11

 

 

(98)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

-

 

-

 

-

 

22

 

-

 

-

 

-

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(4)

 

-

 

(7)

 

(14)

 

-

 

-

 

1

 

 

(24)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          126

 

$         70

(1)

$              45

 

$            50

 

$            19

 

$           40

 

$                 (55)

 

 

$        295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        1,063

 

$       917

 

$            390

 

$           186

 

$              9

 

$         236

 

$               (123)

 

 

$     2,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(690)

 

(688)

 

(310)

 

(134)

 

(11)

 

(225)

 

103

 

 

(1,955)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(131)

 

(107)

 

(13)

 

(15)

 

(2)

 

(16)

 

(4)

 

 

(288)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of asset

 

-

 

-

 

2

 

-

 

-

 

-

 

-

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

9

 

14

 

-

 

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

7

 

3

 

4

 

12

 

1

 

-

 

22

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

249

 

125

 

73

 

49

 

6

 

9

 

(2)

 

 

509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(51)

 

(17)

 

(6)

 

(3)

 

(1)

 

(1)

 

(55)

 

 

(134)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(69)

 

(28)

 

(18)

 

(12)

 

13

 

(3)

 

24

 

 

(93)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

-

 

-

 

-

 

9

 

-

 

-

 

-

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(6)

 

-

 

(7)

 

(9)

 

-

 

(1)

 

1

 

 

(22)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          123

 

$         80

 

$              42

 

$            34

 

$            18

 

$             4

 

$                 (32)

 

 

$        269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Reflects the impact of seasonalization at Southern California Gas 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.

 

 

 








 

         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$       1,938

 

$    1,828

(1)

$            778

 

$           315

 

$            18

 

$         352

 

$               (180)

 

 

$     5,049

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(1,156)

 

(1,188)

 

(625)

 

(192)

 

(23)

 

(352)

 

150

 

 

(3,386)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(294)

 

(226)

 

(25)

 

(34)

 

(3)

 

(24)

 

(4)

 

 

(610)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

21

 

-

 

-

 

-

 

-

 

-

 

-

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of assets

 

-

 

-

 

1

 

-

 

-

 

61

 

-

 

 

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

12

 

34

 

-

 

 

46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

18

 

17

 

9

 

15

 

1

 

-

 

16

 

 

76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

527

 

431

 

138

 

104

 

5

 

71

 

(18)

 

 

1,258

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(104)

 

(36)

 

(4)

 

(7)

 

(1)

 

-

 

(105)

 

 

(257)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(142)

 

(111)

(1)

(34)

 

(13)

 

28

 

(29)

 

40

 

 

(261)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(1)

 

38

 

-

 

-

 

-

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(8)

 

-

 

(13)

 

(25)

 

-

 

-

 

1

 

 

(45)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          273

 

$       284

(1)

$              86

 

$            97

 

$            32

 

$          42

 

$                 (82)

 

 

$        732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$       2,050

 

$    2,002

 

$            768

 

$           387

 

$            15

 

$         496

 

$               (245)

 

 

$     5,473

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

(1,339)

 

(1,539)

 

(611)

 

(269)

 

(23)

 

(468)

 

207

 

 

(4,042)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

(261)

 

(212)

 

(27)

 

(31)

 

(3)

 

(33)

 

(7)

 

 

(574)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

13

(4)

-

 

-

 

-

 

-

 

-

 

-

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of equity interest and asset

 

-

 

-

 

2

 

-

 

27

 

-

 

-

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

-

 

-

 

-

 

-

 

11

 

29

 

-

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

20

 

7

 

5

 

22

 

1

 

1

 

33

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (2)

 

483

 

258

 

137

 

109

 

28

 

25

 

(12)

 

 

1,028

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (3)

 

(101)

 

(34)

 

(11)

 

(7)

 

(1)

 

(2)

 

(110)

 

 

(266)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

(152)

 

(66)

 

(33)

 

(24)

 

19

 

(9)

 

45

 

 

(220)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

-

 

-

 

(2)

 

17

 

-

 

-

 

-

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

(8)

 

-

 

(14)

 

(19)

 

-

 

(1)

 

1

 

 

(41)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

$          222

 

$       158

 

$              77

 

$            76

 

$            46

 

$          13

 

$                 (76)

 

 

$        516

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Reflects the impact of seasonalization at Southern California Gas 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.