REVENUES

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

We discuss revenue recognition for revenues from contracts with customers and from sources other than contracts with customers in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report.

The following table disaggregates our revenues from contracts with customers by major service line and market and provides a reconciliation to total revenues by segment. The majority of our revenue is recognized over time.

DISAGGREGATED REVENUES
(Dollars in millions)
	SDG&E		SoCalGas		Sempra Mexico		Sempra LNG		Consolidating adjustments and Parent and Other		Sempra
	Three months ended June 30, 2021
By major service line:
Utilities	$	1,170	$	1,062	$	17	$	—	$	(25)	$	2,224
Energy-related businesses	—		—		254		48		(56)		246
Revenues from contracts with customers	$	1,170	$	1,062	$	271	$	48	$	(81)	$	2,470
By market:
Gas	$	162	$	1,062	$	180	$	47	$	(66)	$	1,385
Electric	1,008		—		91		1		(15)		1,085
Revenues from contracts with customers	$	1,170	$	1,062	$	271	$	48	$	(81)	$	2,470
Revenues from contracts with customers	$	1,170	$	1,062	$	271	$	48	$	(81)	$	2,470
Utilities regulatory revenues	148		62		—		—		—		210
Other revenues	—		—		133		4		(76)		61
Total revenues	$	1,318	$	1,124	$	404	$	52	$	(157)	$	2,741
	Six months ended June 30, 2021
By major service line:
Utilities	$	2,386	$	2,719	$	44	$	—	$	(52)	$	5,097
Energy-related businesses	—		—		535		116		(137)		514
Revenues from contracts with customers	$	2,386	$	2,719	$	579	$	116	$	(189)	$	5,611
By market:
Gas	$	435	$	2,719	$	404	$	114	$	(169)	$	3,503
Electric	1,951		—		175		2		(20)		2,108
Revenues from contracts with customers	$	2,386	$	2,719	$	579	$	116	$	(189)	$	5,611
Revenues from contracts with customers	$	2,386	$	2,719	$	579	$	116	$	(189)	$	5,611
Utilities regulatory revenues	269		(87)		—		—		—		182
Other revenues	—		—		192		132		(117)		207
Total revenues	$	2,655	$	2,632	$	771	$	248	$	(306)	$	6,000

DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
	SDG&E		SoCalGas		Sempra Mexico		Sempra LNG		Consolidating adjustments and Parent and other		Sempra
	Three months ended June 30, 2020
By major service line:
Utilities	$	1,050	$	904	$	10	$	—	$	(22)	$	1,942
Energy-related businesses	—		—		174		9		(1)		182
Revenues from contracts with customers	$	1,050	$	904	$	184	$	9	$	(23)	$	2,124
By market:
Gas	$	138	$	904	$	133	$	7	$	(21)	$	1,161
Electric	912		—		51		2		(2)		963
Revenues from contracts with customers	$	1,050	$	904	$	184	$	9	$	(23)	$	2,124
Revenues from contracts with customers	$	1,050	$	904	$	184	$	9	$	(23)	$	2,124
Utilities regulatory revenues	185		106		—		—		—		291
Other revenues	—		—		91		60		(40)		111
Total revenues	$	1,235	$	1,010	$	275	$	69	$	(63)	$	2,526
	Six months ended June 30, 2020
By major service line:
Utilities	$	2,309	$	2,448	$	30	$	—	$	(41)	$	4,746
Energy-related businesses	—		—		372		21		(8)		385
Revenues from contracts with customers	$	2,309	$	2,448	$	402	$	21	$	(49)	$	5,131
By market:
Gas	$	392	$	2,448	$	280	$	18	$	(44)	$	3,094
Electric	1,917		—		122		3		(5)		2,037
Revenues from contracts with customers	$	2,309	$	2,448	$	402	$	21	$	(49)	$	5,131
Revenues from contracts with customers	$	2,309	$	2,448	$	402	$	21	$	(49)	$	5,131
Utilities regulatory revenues	195		(43)		—		—		—		152
Other revenues	—		—		182		171		(81)		272
Total revenues	$	2,504	$	2,405	$	584	$	192	$	(130)	$	5,555

Remaining Performance Obligations

For contracts greater than one year, at June 30, 2021, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. SoCalGas did not have any such performance obligations at June 30, 2021.

REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
	Sempra		SDG&E
2021 (excluding first six months of 2021)	$	180	$	2
2022	406		4
2023	407		4
2024	351		4
2025	351		4
Thereafter	4,389		67
Total revenues to be recognized	$	6,084	$	85

(1)    Excludes intercompany transactions.

Contract Liabilities from Revenues from Contracts with Customers

Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the six months ended June 30, 2021 or 2020.

CONTRACT LIABILITIES
(Dollars in millions)
	2021		2020
Sempra:
Contract liabilities at January 1	$	(207)	$	(163)
Revenue from performance obligations satisfied during reporting period	49		2
Payments received in advance	(1)		—
Contract liabilities at June 30(1)	$	(159)	$	(161)
SDG&E:
Contract liabilities at January 1	$	(87)	$	(91)
Revenue from performance obligations satisfied during reporting period	2		2
Contract liabilities at June 30(1)	$	(85)	$	(89)

(1)     At June 30, 2021, includes $6 million and $4 million in Other Current Liabilities and $153 million and $81 million in Deferred Credits and Other on Sempra’s and SDG&E’s Condensed Consolidated Balance Sheets, respectively.

Receivables from Revenues from Contracts with Customers

The table below shows receivable balances associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets.

RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS
(Dollars in millions)
	June 30, 2021		December 31, 2020
Sempra:
Accounts receivable – trade, net	$	1,265	$	1,447
Accounts receivable – other, net	15		12
Due from unconsolidated affiliates – current(1)	2		3
Total	$	1,282	$	1,462
SDG&E:
Accounts receivable – trade, net	$	635	$	573
Accounts receivable – other, net	8		8
Due from unconsolidated affiliates – current(1)	3		2
Total	$	646	$	583
SoCalGas:
Accounts receivable – trade, net	$	541	$	786
Accounts receivable – other, net	7		4
Total	$	548	$	790

(1)     Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.