SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Statements of Operations



SEMPRA ENERGY
CONDENSED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts; shares in thousands)
	Years ended December 31,
	2019			2018			2017
Interest income	$	3		$	14		$	—
Interest expense	(521		)	(495		)	(293		)
Operating expenses	(124		)	(82		)	(80		)
Other income (expense), net	59			(16		)	100
Income tax benefit	163			154			33
Loss before equity in earnings of subsidiaries	(420		)	(425		)	(240		)
Equity in earnings of subsidiaries, net of income taxes	2,617			1,474			496
Net income	2,197			1,049			256
Mandatory convertible preferred stock dividends	(142		)	(125		)	—
Earnings	$	2,055		$	924		$	256

Basic EPS:
Earnings	$	7.40		$	3.45		$	1.02
Weighted-average common shares outstanding	277,904			268,072			251,545

Diluted EPS:
Earnings	$	7.29		$	3.42		$	1.01
Weighted-average common shares outstanding	282,033			269,852			252,300

See Notes to Condensed Financial Information of Parent.

Schedule Of Condensed Statements Of Comprehensive Income



SEMPRA ENERGY
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
	Years ended December 31, 2019, 2018 and 2017
	Pretax amount			Income tax benefit (expense)			Net-of-tax amount
2019:
Net income	$	2,034		$	163		$	2,197
Other comprehensive income (loss):
Foreign currency translation adjustments	(43		)	—			(43		)
Financial instruments	(161		)	53			(108		)
Pension and other postretirement benefits	25			(7		)	18
Total other comprehensive loss	(179		)	46			(133		)
Comprehensive income	$	1,855		$	209		$	2,064
2018:
Net income	$	895		$	154		$	1,049
Other comprehensive income (loss):
Foreign currency translation adjustments	(144		)	—			(144		)
Financial instruments	64			(21		)	43
Pension and other postretirement benefits	(38		)	4			(34		)
Total other comprehensive loss	(118		)	(17		)	(135		)
Comprehensive income	$	777		$	137		$	914
2017:
Net income	$	223		$	33		$	256
Other comprehensive income (loss):
Foreign currency translation adjustments	107			—			107
Financial instruments	2			1			3
Pension and other postretirement benefits	20			(8		)	12
Total other comprehensive income	129			(7		)	122
Comprehensive income	$	352		$	26		$	378

See Notes to Condensed Financial Information of Parent.

Schedule Of Condensed Balance Sheets



SEMPRA ENERGY
CONDENSED BALANCE SHEETS
(Dollars in millions)
	December 31, 2019		December 31, 2018
Assets:
Cash and cash equivalents	$	6	$	14
Due from affiliates	98		93
Income taxes receivable, net	—		397
Other current assets	34		9
Total current assets	138		513

Investments in subsidiaries	32,604		28,778
Due from affiliates	3		3
Deferred income taxes	1,766		1,554
Other long-term assets	682		572
Total assets	$	35,193	$	31,420

Liabilities and shareholders’ equity:
Current portion of long-term debt	$	1,399	$	1,498
Due to affiliates	369		287
Income taxes payable, net	274		—
Other current liabilities	561		527
Total current liabilities	2,603		2,312

Long-term debt	8,856		9,647
Due to affiliates	3,138		1,812
Other long-term liabilities	667		511

Commitments and contingencies (Note 4)

Shareholders’ equity	19,929		17,138
Total liabilities and shareholders’ equity	$	35,193	$	31,420

See Notes to Condensed Financial Information of Parent.

Schedule of Condensed Statements of Cash Flows



SEMPRA ENERGY
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in millions)
	Years ended December 31,
	2019			2018			2017
Net cash provided by operating activities	$	294		$	213		$	89

Expenditures for property, plant and equipment	(8		)	(11		)	(11		)
Expenditures for acquisition	—			(329		)	—
Capital contributions to investees	(1,528		)	(9,457		)	—
Increase in loans to affiliates, net	—			(1		)	—
Expenditures for Merger-related costs	—			—			(12		)
Other	4			—			—
Net cash used in investing activities	(1,532		)	(9,798		)	(23		)

Common stock dividends paid	(993		)	(877		)	(755		)
Preferred dividends paid	(142		)	(89		)	—
Issuances of mandatory convertible preferred stock, net	—			2,258			—
Issuances of common stock, net	1,830			2,272			47
Repurchases of common stock	(26		)	(21		)	(15		)
Issuances of long-term debt	758			4,969			1,595
Payments on long-term debt	(1,500		)	(500		)	(600		)
Increase (decrease) in loans from affiliates, net	1,328			1,520			(239		)
Debt issuance costs	(25		)	(37		)	(7		)
Net cash provided by financing activities	1,230			9,495			26

(Decrease) increase in cash and cash equivalents	(8		)	(90		)	92
Cash and cash equivalents, January 1	14			104			12
Cash and cash equivalents, December 31	$	6		$	14		$	104

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued Merger-related transaction costs	$	—		$	—		$	31
Preferred dividends declared but not paid	36			36			—
Common dividends issued in stock	55			54			53
Common dividends declared but not paid	283			245			207

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

We expect no impact to SDG&E’s or SoCalGas’ balance sheets from adoption. The following table shows the expected (decreases) increases on Sempra Energy’s balance sheet at January 1, 2020 from adoption of ASU 2016-13.



EXPECTED IMPACT FROM ADOPTION OF ASU 2016-13
(Dollars in millions)
	Sempra Energy Consolidated
Accounts receivable – trade, net	$	(1	)
Due from unconsolidated affiliates – noncurrent	(6		)
Deferred income tax assets	4
Other current liabilities	4
Deferred credits and other	2
Retained earnings	(7		)
Other noncontrolling interests	(2		)

The following table shows the initial increases (decreases) on our balance sheets at January 1, 2019 from adoption of the lease standard.



IMPACT FROM ADOPTION OF THE LEASE STANDARD
(Dollars in millions)
	Sempra Energy Consolidated			SDG&E		SoCalGas
Assets held for sale	$	13		$	—	$	—
Other long-term assets	(71		)	—		—
Property, plant and equipment, net	(147		)	—		—
Right-of-use assets – operating leases	603			130		116
Deferred income tax assets	(3		)	—		—
Other current liabilities	80			20		23
Long-term debt and finance leases	(138		)	—		—
Deferred credits and other	436			110		93
Retained earnings	17			—		—

The following table shows the increases (decreases) on our balance sheet at January 1, 2019 from adoption of the lease standard.



IMPACT FROM ADOPTION OF THE LEASE STANDARD
(Dollars in millions)
Right-of-use assets – operating leases⁽¹⁾	$	191
Deferred income tax assets	(3		)
Property, plant and equipment, net⁽¹⁾	(147		)
Other current liabilities	3
Long-term debt	(138		)
Other long-term liabilities	159
Retained earnings⁽²⁾	17


⁽¹⁾	Included in Other Long-Term Assets.


⁽²⁾	Included in Shareholders’ Equity.

Schedule Of Long-term Debt

Sempra Energy



LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
	December 31,
	2019			2018
Sempra Energy:
Other long-term debt (uncollateralized):
9.8% Notes February 15, 2019	—			500
Notes at variable rates (2.69% at December 31, 2018) July 15, 2019	—			500
1.625% Notes October 7, 2019	—			500
2.4% Notes February 1, 2020	500			500
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
Notes at variable rates (2.50% at December 31, 2019) January 15, 2021⁽¹⁾	700			700
Notes at variable rates (3.069% after floating-to-fixed rate swaps effective 2019) March 15, 2021	850			850
2.875% Notes October 1, 2022	500			500
2.9% Notes February 1, 2023	500			500
4.05% Notes December 1, 2023	500			500
3.55% Notes June 15, 2024	500			500
3.75% Notes November 15, 2025	350			350
3.25% Notes June 15, 2027	750			750
3.4% Notes February 1, 2028	1,000			1,000
3.8% Notes February 1, 2038	1,000			1,000
6% Notes October 15, 2039	750			750
4% Notes February 1, 2048	800			800
5.75% Junior Subordinated Notes July 1, 2079⁽¹⁾	758			—
Build-to-suit arrangement⁽²⁾	—			138
Sempra Mexico
Other long-term debt (uncollateralized unless otherwise noted):
6.3% Notes February 2, 2023 (4.124% after cross-currency swap effective 2013)	207			198
Notes at variable rates (4.88% after floating-to-fixed rate swaps effective 2014), payable 2016 through December 2026, collateralized by plant assets	237			275
3.75% Notes January 14, 2028	300			300
Bank loans including $241 at a weighted-average fixed rate of 6.87%, $147 at variable rates (weighted-average rate of 6.54% after floating-to-fixed rate swaps effective 2014) and $35 at variable rates (5.12% at December 31, 2019), payable 2016 through March 2032, collateralized by plant assets	423			447
4.875% Notes January 14, 2048	540			540
Loan at variable rates (5.75% at December 31, 2019) July 31, 2028⁽¹⁾	11			4
Loan at variable rates (4.0275% after floating-to-fixed rate swap effective 2019) payable 2022 through November 2034⁽¹⁾	200			—
Sempra LNG
Other long-term debt (uncollateralized):
Notes at 2.87% to 3.51% October 1, 2026⁽¹⁾	22			21
	12,298			13,023
Current portion of long-term debt	(1,464		)	(1,560		)
Unamortized discount on long-term debt	(35		)	(38		)
Unamortized debt issuance costs	(108		)	(87		)
Total other Sempra Energy	10,691			11,338
Total Sempra Energy Consolidated	$	20,785		$	20,903


⁽¹⁾	Callable long-term debt not subject to make-whole provisions.

⁽²⁾

This arrangement is now accounted for as an operating lease liability upon adoption of the lease standard on January 1, 2019. See Note 2.

The following tables show the detail and maturities of long-term debt outstanding:



LONG-TERM DEBT AND FINANCE LEASES
(Dollars in millions)
	December 31,
	2019			2018
SDG&E:
First mortgage bonds (collateralized by plant assets):
3% August 15, 2021	$	350		$	350
1.914% payable 2015 through February 2022	89			125
3.6% September 1, 2023	450			450
2.5% May 15, 2026	500			500
6% June 1, 2026	250			250
5.875% January and February 2034⁽¹⁾	176			176
5.35% May 15, 2035	250			250
6.125% September 15, 2037	250			250
4% May 1, 2039⁽¹⁾	75			75
6% June 1, 2039	300			300
5.35% May 15, 2040	250			250
4.5% August 15, 2040	500			500
3.95% November 15, 2041	250			250
4.3% April 1, 2042	250			250
3.75% June 1, 2047	400			400
4.15% May 15, 2048	400			400
4.1% June 15, 2049	400			—
	5,140			4,776
Other long-term debt:
OMEC LLC variable-rate loan (4.7896% at December 31, 2018 except for $142 at 5.2925% after floating-to-fixed rate swaps through April 1, 2019), payable 2019 through 2024 (collateralized by OMEC plant assets)	—			220
Finance lease obligations:
Purchased-power contracts	1,255			1,270
Other	15			2
	1,270			1,492
	6,410			6,268
Current portion of long-term debt	(56		)	(81		)
Unamortized discount on long-term debt	(12		)	(12		)
Unamortized debt issuance costs	(36		)	(37		)
Total SDG&E	6,306			6,138

SoCalGas:
First mortgage bonds (collateralized by plant assets):
3.15% September 15, 2024	500			500
3.2% June 15, 2025	350			350
2.6% June 15, 2026	500			500
5.75% November 15, 2035	250			250
5.125% November 15, 2040	300			300
3.75% September 15, 2042	350			350
4.45% March 15, 2044	250			250
4.125% June 1, 2048	400			400
4.3% January 15, 2049	550			550
3.95% February 15, 2050	350			—
	3,800			3,450
Other long-term debt (uncollateralized):
1.875% Notes May 14, 2026⁽¹⁾	4			4
5.67% Notes January 18, 2028	5			5
Finance lease obligations	19			3
	28			12
	3,828			3,462
Current portion of long-term debt	(6		)	(3		)
Unamortized discount on long-term debt	(7		)	(6		)
Unamortized debt issuance costs	(27		)	(26		)
Total SoCalGas	3,788			3,427

The following table shows the detail and maturities of long-term debt outstanding:



LONG-TERM DEBT
(Dollars in millions)
	December 31,
	2019			2018
9.8% Notes February 15, 2019	$	—		$	500
Notes at variable rates (2.69% at December 31, 2018) July 15, 2019	—			500
1.625% Notes October 7, 2019	—			500
2.4% Notes February 1, 2020	500			500
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
Notes at variable rates (2.50% at December 31, 2019) January 15, 2021⁽¹⁾	700			700
Notes at variable rates (3.069% after floating-to-fixed rate swaps effective 2019) March 15, 2021	850			850
2.875% Notes October 1, 2022	500			500
2.9% Notes February 1, 2023	500			500
4.05% Notes December 1, 2023	500			500
3.55% Notes June 15, 2024	500			500
3.75% Notes November 15, 2025	350			350
3.25% Notes June 15, 2027	750			750
3.4% Notes February 1, 2028	1,000			1,000
3.8% Notes February 1, 2038	1,000			1,000
6% Notes October 15, 2039	750			750
4% Notes February 1, 2048	800			800
5.75% Junior Subordinated Notes July 1, 2079⁽¹⁾	758			—
Build-to-suit arrangement⁽²⁾	—			138
	10,358			11,238
Current portion of long-term debt	(1,399		)	(1,498		)
Unamortized discount on long-term debt	(35		)	(38		)
Unamortized debt issuance costs	(68		)	(55		)
Total long-term debt	$	8,856		$	9,647