REVENUES

3 Months Ended

Mar. 31, 2022

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 Infrastructure		Consolidating adjustments and Parent and other		Sempra
	Three months ended March 31, 2022
By major service line:
Utilities	$	1,501	$	1,912	$	28	$	(29)	$	3,412
Energy-related businesses	—		—		292		(15)		277
Revenues from contracts with customers	$	1,501	$	1,912	$	320	$	(44)	$	3,689
By market:
Gas	$	330	$	1,912	$	229	$	(26)	$	2,445
Electric	1,171		—		91		(18)		1,244
Revenues from contracts with customers	$	1,501	$	1,912	$	320	$	(44)	$	3,689
Revenues from contracts with customers	$	1,501	$	1,912	$	320	$	(44)	$	3,689
Utilities regulatory revenues	(56)		81		—		—		25
Other revenues	—		—		104		2		106
Total revenues	$	1,445	$	1,993	$	424	$	(42)	$	3,820
	Three months ended March 31, 2021
By major service line:
Utilities	$	1,216	$	1,657	$	27	$	(27)	$	2,873
Energy-related businesses	—		—		269		(1)		268
Revenues from contracts with customers	$	1,216	$	1,657	$	296	$	(28)	$	3,141
By market:
Gas	$	273	$	1,657	$	212	$	(24)	$	2,118
Electric	943		—		84		(4)		1,023
Revenues from contracts with customers	$	1,216	$	1,657	$	296	$	(28)	$	3,141
Revenues from contracts with customers	$	1,216	$	1,657	$	296	$	(28)	$	3,141
Utilities regulatory revenues	121		(149)		—		—		(28)
Other revenues	—		—		153		(7)		146
Total revenues	$	1,337	$	1,508	$	449	$	(35)	$	3,259

REVENUES FROM CONTRACTS WITH CUSTOMERS

Remaining Performance Obligations

For contracts greater than one year, at March 31, 2022, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. Sempra’s remaining performance obligations primarily relate to capacity agreements for natural gas storage and transportation at Sempra Infrastructure and transmission line projects at SDG&E. SoCalGas did not have any remaining performance obligations at March 31, 2022.

REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
	Sempra		SDG&E
2022 (excluding first three months of 2022)	$	277	$	3
2023	367		4
2024	365		4
2025	362		4
2026	361		4
Thereafter	4,289		63
Total revenues to be recognized	$	6,021	$	82

(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 three months ended March 31, 2022 or 2021.

CONTRACT LIABILITIES
(Dollars in millions)
	2022		2021
Sempra:
Contract liabilities at January 1	$	(278)	$	(207)
Revenue from performance obligations satisfied during reporting period	39		25
Contract liabilities at March 31(1)	$	(239)	$	(182)
SDG&E:
Contract liabilities at January 1	$	(83)	$	(87)
Revenue from performance obligations satisfied during reporting period	1		1
Contract liabilities at March 31(1)	$	(82)	$	(86)

(1)     Balances at March 31, 2022, include $78 and $4 in Other Current Liabilities and $161 and $78 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)
	March 31, 2022		December 31, 2021
Sempra:
Accounts receivable – trade, net	$	1,697	$	1,886
Accounts receivable – other, net	12		19
Due from unconsolidated affiliates – current(1)	3		2
Other long-term assets(2)	42		70
Total	$	1,754	$	1,977
SDG&E:
Accounts receivable – trade, net	$	742	$	715
Accounts receivable – other, net	11		9
Due from unconsolidated affiliates – current(1)	3		2
Other long-term assets(2)	22		25
Total	$	778	$	751
SoCalGas:
Accounts receivable – trade, net	$	870	$	1,084
Accounts receivable – other, net	1		10
Other long-term assets(2)	20		45
Total	$	891	$	1,139

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

(2)     In connection with the COVID-19 pandemic and at the direction of the CPUC, SDG&E and SoCalGas enrolled residential and small business customers with past-due balances in long-term repayment plans.