EX-99 3 exhibit992.htm EXHIBIT 99.2 Exhibit 99.2



SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 742

 

$ 1,182

 

$ 23

 

$ 295

 

$ 110

 

$ 205

 

$ (23)

 

 

$ 2,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(505)

 

(973)

 

(23)

 

(233)

 

(78)

 

(136)

 

13

 

 

(1,935)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(7)

 

-

 

(20)

 

(139)

 

-

 

(1)

 

(1)

 

 

(168)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(92)

 

(75)

 

-

 

(15)

 

(11)

 

(12)

 

(5)

 

 

(210)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

7

 

-

 

10

 

-

 

(2)

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

-

 

4

 

1

 

1

 

(1)

 

-

 

3

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

138

 

138

 

(12)

 

(91)

 

30

 

56

 

(15)

 

 

244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(32)

 

(17)

 

(1)

 

(2)

 

(5)

 

(12)

 

(38)

 

 

(107)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(31)

 

(56)

 

8

 

40

 

(6)

 

(12)

 

(1)

 

 

(58)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

19

 

-

 

-

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

8

 

-

 

-

 

-

 

-

 

-

 

-

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 83

 

$ 65

 

$ (5)

 

$ (53)

 

$ 38

 

$ 32

 

$ (54)

 

 

$ 106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 732

 

$ 920

 

$ 13

 

$ 297

 

$ 132

 

$ 32

 

$ (18)

 

 

$ 2,108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(488)

 

(738)

 

(12)

 

(227)

 

(95)

 

(43)

 

2

 

 

(1,601)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

8

 

-

 

-

 

-

 

-

 

-

 

(1)

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(77)

 

(72)

 

-

 

(14)

 

(10)

 

(6)

 

(4)

 

 

(183)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

153

 

-

 

10

 

-

 

(3)

 

 

160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

17

 

1

 

-

 

-

 

(1)

 

-

 

(14)

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

192

 

111

 

154

 

56

 

36

 

(17)

 

(38)

 

 

494

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(26)

 

(16)

 

(3)

 

(1)

 

(3)

 

(2)

 

(27)

 

 

(78)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(60)

 

(36)

 

(37)

 

(12)

 

(12)

 

12

 

36

 

 

(109)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

16

 

-

 

-

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(7)

 

-

 

-

 

-

 

-

 

-

 

-

 

 

(7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 99

 

$ 59

 

$ 114

 

$ 43

 

$ 37

 

$ (7)

 

$ (29)

 

 

$ 316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.