EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2

SEMPRA ENERGY
                                 
Table F (Unaudited)
                                 
                                     
Statement of Operations Data by Segment
                             
                                     
Three Months Ended December 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
 
 $     1,051
 
 $       1,041
(1)
 $           393
 
 $          161
 
 $             6
 
 $          141
 
 $             (92)
   
 $  2,701
                                     
Cost of sales and other expenses
 
         (649)
 
            (715)
 
             (309)
 
            (101)
 
             (15)
 
            (153)
 
                 61
   
    (1,881)
                                     
Depreciation and amortization
 
         (158)
 
            (119)
 
               (13)
 
             (18)
 
               (1)
 
             (13)
 
                  (3)
   
       (325)
                                     
Plant closure adjustment
 
              5
 
                 -
 
                  -
 
                 -
 
                 -
 
                 -
 
                    -
   
           5
                                     
Gain on sale of asset
 
               -
 
                 -
 
                  -
 
                 -
 
                8
 
                 -
 
                    -
   
           8
                                     
Equity earnings (losses), before income tax
 
               -
 
                 -
 
                  -
 
                 -
 
                4
 
              25
 
                  (4)
   
          25
                                     
Other income, net
 
            10
 
                5
 
                  4
 
                9
 
                1
 
                 -
 
                   9
   
          38
                                     
Income (loss) before interest and tax (2)
 
          259
 
             212
 
                75
 
              51
 
                3
 
                 -
 
                (29)
   
        571
                                     
Net interest (expense) income (3)
 
           (49)
 
             (22)
 
                 (5)
 
               (3)
 
                1
 
                 -
 
                (61)
   
       (139)
                                     
Income tax (expense) benefit
 
           (67)
 
             (47)
(1)
               (17)
 
               (4)
 
              12
 
                1
 
                 57
   
         (65)
                                     
Equity  earnings, net of income tax
 
               -
 
                 -
 
                  -
 
              21
 
                 -
 
                 -
 
                    -
   
          21
                                     
Losses (earnings) attributable to noncontrolling interests
              1
 
                 -
 
                 (7)
 
             (12)
 
                 -
 
                 -
 
                  (1)
   
         (19)
                                     
Earnings (losses)
 
 $        144
 
 $          143
(1)
 $             46
 
 $            53
 
 $            16
 
 $             1
 
 $             (34)
   
 $     369
                                     
                                     
Three Months Ended December 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
 
 $     1,046
 
 $          998
 
 $           387
 
 $          197
 
 $            10
 
 $          231
 
 $            (122)
   
 $  2,747
                                     
Cost of sales and other expenses
 
         (672)
 
            (771)
 
             (309)
 
            (137)
 
             (15)
 
            (232)
 
                 89
   
    (2,047)
                                     
Depreciation and amortization
 
         (135)
 
            (110)
 
               (14)
 
             (17)
 
               (1)
 
             (11)
 
                  (2)
   
       (290)
                                     
Plant closure loss
 
           (19)
 
                 -
 
                  -
 
                 -
 
                 -
 
                 -
 
                    -
   
         (19)
                                     
Gain on sale of equity interest
 
               -
 
                 -
 
                  -
 
                 -
 
              14
 
                 -
 
                    -
   
          14
                                     
Equity earnings (losses), before income tax
 
               -
 
                 -
 
                  -
 
                 -
 
                2
 
              18
 
                  (1)
   
          19
                                     
Other income (expense), net
 
            11
 
                7
 
                15
 
             (23)
 
                 -
 
                 -
 
                   9
   
          19
                                     
Income (loss) before interest and tax (2)
 
          231
 
             124
 
                79
 
              20
 
              10
 
                6
 
                (27)
   
        443
                                     
Net interest (expense) income (3)
 
           (50)
 
             (19)
 
                 (5)
 
               (2)
 
               (1)
 
                7
 
                (59)
   
       (129)
                                     
Income tax (expense) benefit
 
           (53)
 
             (29)
 
                  1
 
              32
 
                9
 
               (2)
 
                 33
   
          (9)
                                     
Equity earnings, net of income tax
 
               -
 
                 -
 
                  -
 
              16
 
                 -
 
                 -
 
                    -
   
          16
                                     
(Earnings) losses attributable to noncontrolling interests
               -
 
                 -
 
               (12)
 
             (13)
 
                 -
 
                 -
 
                   1
   
         (24)
                                     
Earnings (losses)
 
 $        128
 
 $            76
 
 $             63
 
 $            53
 
 $            18
 
 $            11
 
 $             (52)
   
 $     297
                                     
(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
                             
                                     
Year Ended December 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
 
 $     4,219
 
 $       3,489
 
 $         1,544
 
 $          669
 
 $            36
 
 $          653
 
 $            (379)
   
 $    10,231
                                     
Cost of sales and other expenses
 
       (2,583)
 
         (2,420)
 
          (1,232)
 
            (415)
 
             (51)
 
            (681)
 
               311
   
       (7,071)
                                     
Depreciation and amortization
 
         (604)
 
            (461)
 
               (50)
 
             (70)
 
               (6)
 
             (49)
 
                (10)
   
       (1,250)
                                     
Plant closure adjustment
 
            26
 
                 -
 
                  -
 
                 -
 
                 -
 
                 -
 
                    -
   
             26
                                     
Gain on sale of assets
 
               -
 
                 -
 
                  1
 
                 -
 
                8
 
              61
 
                    -
   
             70
                                     
Equity earnings (losses), before income tax
 
               -
 
                 -
 
                  -
 
                 -
 
              24
 
              84
 
                  (4)
   
           104
                                     
Other income, net
 
            36
 
              30
 
                22
 
              20
 
                2
 
                 -
 
                 16
   
           126
                                     
Income (loss) before interest and tax (1)
 
        1,094
 
             638
 
              285
 
             204
 
              13
 
              68
 
                (66)
   
        2,236
                                     
Net interest (expense) income (2)
 
         (204)
 
             (81)
 
               (13)
 
             (16)
 
                1
 
                3
 
              (223)
   
          (533)
                                     
Income tax (expense) benefit
 
         (284)
 
            (138)
 
               (67)
 
             (11)
 
              49
 
             (28)
 
               138
   
          (341)
                                     
Equity (losses) earnings, net of income tax
 
               -
 
                 -
 
                 (4)
 
              89
 
                 -
 
                 -
 
                    -
   
             85
                                     
(Earnings) losses attributable to noncontrolling interests
           (19)
 
                 -
 
               (26)
 
             (53)
 
                 -
 
                1
 
                  (1)
   
            (98)
                                     
Earnings (losses)
 
 $        587
 
 $          419
 
 $           175
 
 $          213
 
 $            63
 
 $            44
 
 $            (152)
   
 $      1,349
                                     
                                     
Year Ended December 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
 
 $     4,329
 
 $       3,855
 
 $         1,534
 
 $          818
 
 $            35
 
 $          979
 
 $            (515)
   
 $    11,035
                                     
Cost of sales and other expenses
 
       (2,834)
 
         (2,903)
 
          (1,225)
 
            (562)
 
             (51)
 
            (955)
 
               433
   
       (8,097)
                                     
Depreciation and amortization
 
         (530)
 
            (431)
 
               (55)
 
             (64)
 
               (5)
 
             (61)
 
                (10)
   
       (1,156)
                                     
Plant closure loss
 
             (6)
(3)
                 -
 
                  -
 
                 -
 
                 -
 
                 -
 
                    -
   
              (6)
                                     
Gain on sale of equity interests and assets
 
               -
 
                 -
 
                  2
 
              19
 
              41
 
                 -
 
                    -
   
             62
                                     
Equity earnings (losses), before income tax
 
               -
 
                 -
 
                  -
 
                 -
 
              20
 
              62
 
                  (1)
   
             81
                                     
Other income, net
 
            40
 
              20
 
                30
 
                4
 
                1
 
                2
 
                 40
   
           137
                                     
Income (loss) before interest and tax (1)
 
          999
 
             541
 
              286
 
             215
 
              41
 
              27
 
                (53)
   
        2,056
                                     
Net interest (expense) income(2)
 
         (202)
 
             (70)
 
               (19)
 
             (13)
 
               (4)
 
                4
 
              (229)
   
          (533)
                                     
Income tax (expense) benefit
 
         (270)
 
            (139)
 
               (58)
 
               (5)
 
              44
 
              20
 
               108
   
          (300)
                                     
Equity (losses) earnings, net of income tax
 
               -
 
                 -
 
                 (4)
 
              42
 
                 -
 
                 -
 
                    -
   
             38
                                     
(Earnings) losses attributable to noncontrolling interests
           (20)
 
                 -
 
               (33)
 
             (47)
 
                 -
 
               (1)
 
                   1
   
          (100)
                                     
Earnings (losses)
 
 $        507
 
 $          332
 
 $           172
 
 $          192
 
 $            81
 
 $            50
 
 $            (173)
   
 $      1,161
                                     
(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)
Includes interest income, interest expense, and preferred dividends of subsidiary.
                 
                                     
(3)
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 $21 million charge to earnings.