REVENUES

9 Months Ended

Sep. 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 September 30, 2021
By major service line:
Utilities	$	1,369	$	966	$	17	$	—	$	(27)	$	2,325
Energy-related businesses	—		—		324		144		(145)		323
Revenues from contracts with customers	$	1,369	$	966	$	341	$	144	$	(172)	$	2,648
By market:
Gas	$	145	$	966	$	231	$	143	$	(165)	$	1,320
Electric	1,224		—		110		1		(7)		1,328
Revenues from contracts with customers	$	1,369	$	966	$	341	$	144	$	(172)	$	2,648
Revenues from contracts with customers	$	1,369	$	966	$	341	$	144	$	(172)	$	2,648
Utilities regulatory revenues	95		140		—		—		—		235
Other revenues	—		—		256		(25)		(101)		130
Total revenues	$	1,464	$	1,106	$	597	$	119	$	(273)	$	3,013
	Nine months ended September 30, 2021
By major service line:
Utilities	$	3,755	$	3,685	$	61	$	—	$	(79)	$	7,422
Energy-related businesses	—		—		859		260		(282)		837
Revenues from contracts with customers	$	3,755	$	3,685	$	920	$	260	$	(361)	$	8,259
By market:
Gas	$	580	$	3,685	$	635	$	257	$	(334)	$	4,823
Electric	3,175		—		285		3		(27)		3,436
Revenues from contracts with customers	$	3,755	$	3,685	$	920	$	260	$	(361)	$	8,259
Revenues from contracts with customers	$	3,755	$	3,685	$	920	$	260	$	(361)	$	8,259
Utilities regulatory revenues	364		53		—		—		—		417
Other revenues	—		—		448		107		(218)		337
Total revenues	$	4,119	$	3,738	$	1,368	$	367	$	(579)	$	9,013

DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
	SDG&E		SoCalGas		Sempra Mexico		Sempra LNG		Consolidating adjustments and Parent and other		Sempra
	Three months ended September 30, 2020
By major service line:
Utilities	$	1,301	$	813	$	12	$	—	$	(25)	$	2,101
Energy-related businesses	—		—		244		35		(32)		247
Revenues from contracts with customers	$	1,301	$	813	$	256	$	35	$	(57)	$	2,348
By market:
Gas	$	126	$	813	$	159	$	33	$	(54)	$	1,077
Electric	1,175		—		97		2		(3)		1,271
Revenues from contracts with customers	$	1,301	$	813	$	256	$	35	$	(57)	$	2,348
Revenues from contracts with customers	$	1,301	$	813	$	256	$	35	$	(57)	$	2,348
Utilities regulatory revenues	171		29		—		—		—		200
Other revenues	—		—		95		28		(27)		96
Total revenues	$	1,472	$	842	$	351	$	63	$	(84)	$	2,644
	Nine months ended September 30, 2020
By major service line:
Utilities	$	3,610	$	3,261	$	42	$	—	$	(66)	$	6,847
Energy-related businesses	—		—		616		56		(40)		632
Revenues from contracts with customers	$	3,610	$	3,261	$	658	$	56	$	(106)	$	7,479
By market:
Gas	$	518	$	3,261	$	439	$	51	$	(98)	$	4,171
Electric	3,092		—		219		5		(8)		3,308
Revenues from contracts with customers	$	3,610	$	3,261	$	658	$	56	$	(106)	$	7,479
Revenues from contracts with customers	$	3,610	$	3,261	$	658	$	56	$	(106)	$	7,479
Utilities regulatory revenues	366		(14)		—		—		—		352
Other revenues	—		—		277		199		(108)		368
Total revenues	$	3,976	$	3,247	$	935	$	255	$	(214)	$	8,199

Remaining Performance Obligations

For contracts greater than one year, at September 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 September 30, 2021.

REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
	Sempra		SDG&E
2021 (excluding first nine months of 2021)	$	88	$	1
2022	368		4
2023	367		4
2024	367		4
2025	364		4
Thereafter	4,129		67
Total revenues to be recognized	$	5,683	$	84

(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 nine months ended September 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	36		3
Payments received in advance	(1)		—
Contract liabilities at September 30(1)	$	(172)	$	(160)
SDG&E:
Contract liabilities at January 1	$	(87)	$	(91)
Revenue from performance obligations satisfied during reporting period	3		3
Contract liabilities at September 30(1)	$	(84)	$	(88)

(1)     At September 30, 2021, includes $8 million and $4 million in Other Current Liabilities and $164 million and $80 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)
	September 30, 2021		December 31, 2020
Sempra:
Accounts receivable – trade, net	$	1,216	$	1,447
Accounts receivable – other, net	17		12
Due from unconsolidated affiliates – current(1)	2		3
Other long-term assets	115		—
Total	$	1,350	$	1,462
SDG&E:
Accounts receivable – trade, net	$	642	$	573
Accounts receivable – other, net	11		8
Due from unconsolidated affiliates – current(1)	3		2
Other long-term assets	47		—
Total	$	703	$	583
SoCalGas:
Accounts receivable – trade, net	$	462	$	786
Accounts receivable – other, net	6		4
Other long-term assets	68		—
Total	$	536	$	790

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