XML 56 R32.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have four separately managed reportable segments, as follows:
SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.
SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California.
Sempra Texas Utilities holds our investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electricity transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas; and our indirect, 50% interest in Sharyland Holdings L.P., which owns Sharyland Utilities, L.L.C., a regulated electric transmission utility serving customers near the Texas-Mexico border.
Sempra Infrastructure includes the operating companies of our subsidiary, SI Partners, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure to help enable the energy transition in North American markets and globally.
We evaluate each segment’s performance based on its contribution to Sempra’s reported earnings and cash flows. SDG&E and SoCalGas operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC and, in the case of SDG&E, the FERC.
The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation.
The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations.
SEGMENT INFORMATION   
(Dollars in millions)   
 Three months ended June 30,Six months ended June 30,
 2023202220232022
REVENUES    
SDG&E$1,262 $1,399 $2,915 $2,844 
SoCalGas1,467 1,501 5,261 3,494 
Sempra Infrastructure660 689 1,856 1,113 
Adjustments and eliminations(2)(2)(1)— 
Intersegment revenues(1)
(52)(40)(136)(84)
Total$3,335 $3,547 $9,895 $7,367 
DEPRECIATION AND AMORTIZATION  
SDG&E$268 $244 $530 $483 
SoCalGas208 188 414 375 
Sempra Infrastructure70 67 139 132 
All other
Total$549 $501 $1,088 $994 
INTEREST INCOME    
SDG&E$$$$
SoCalGas
Sempra Infrastructure21 30 
All other10 
Total$17 $15 $41 $40 
INTEREST EXPENSE    
SDG&E$123 $114 $241 $220 
SoCalGas71 45 140 85 
Sempra Infrastructure25 32 120 59 
All other99 81 183 151 
Intercompany eliminations(1)(1)(1)(1)
Total$317 $271 $683 $514 
INCOME TAX EXPENSE (BENEFIT)  
SDG&E$$42 $11 $106 
SoCalGas(21)19 73 103 
Sempra Infrastructure201 70 531 161 
All other(9)(51)(64)44 
Total$175 $80 $551 $414 
EQUITY EARNINGS    
Equity earnings, before income tax:    
Sempra Texas Utilities$$$$
Sempra Infrastructure 151 156 282 297 
153 159 285 302 
Equity earnings, net of income tax:   
Sempra Texas Utilities160 184 243 346 
Sempra Infrastructure75 32 79 53 
235 216 322 399 
Total$388 $375 $607 $701 
(1)    Revenues for reportable segments include intersegment revenues of $5, $28, and $19 for the three months ended June 30, 2023 and $9, $62, and $65 for the six months ended June 30, 2023; $3, $23, and $14 for the three months ended June 30, 2022 and $7, $49, and $28 for the six months ended June 30, 2022 for SDG&E, SoCalGas, and Sempra Infrastructure, respectively.
SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
Three months ended June 30,Six months ended June 30,
2023202220232022
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES 
SDG&E$184 $176 $442 $410 
SoCalGas155 87 515 421 
Sempra Texas Utilities160 186 243 348 
Sempra Infrastructure
208 183 523 278 
All other(104)(73)(151)(286)
Total$603 $559 $1,572 $1,171 
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT
SDG&E$1,239 $1,090 
SoCalGas961 931 
Sempra Infrastructure2,078 336 
All other
Total$4,282 $2,361 
June 30,
2023
December 31,
2022
ASSETS
SDG&E$27,786 $26,422 
SoCalGas22,591 22,346 
Sempra Texas Utilities13,988 13,781 
Sempra Infrastructure17,610 15,760 
All other1,773 1,376 
Intersegment receivables(1,021)(1,111)
Total$82,727 $78,574 
EQUITY METHOD INVESTMENTS
Sempra Texas Utilities$13,979 $13,772 
Sempra Infrastructure2,036 1,905 
Total$16,015 $15,677