EX-99 3 exhibit992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



SEMPRA ENERGY

 

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        768

 

 $       1,114

 

 $           773

 

 $         412

 

 $            72

 

 $          (11)

 

 $            (18)

 

 

 $ 3,110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          588

 

             937

 

              465

 

            328

 

              70

 

              13

 

                 34

 

 

    2,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense (Adjustment)

 

              2

 

               (1)

 

                 4

 

             (1)

 

                 -

 

                1

 

                (1)

 

 

          4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            76

 

              71

 

                 7

 

             15

 

                2

 

                 -

 

                  1

 

 

      172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          102

 

             107

 

              297

 

             70

 

                 -

 

            (25)

 

               (52)

 

 

      499

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

              1

 

                1

 

                  -

 

               3

 

                2

 

                 -

 

                 13

 

 

        20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          103

 

             108

 

              297

 

             73

 

                2

 

            (25)

 

               (39)

 

 

      519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            22

 

              12

 

                15

 

             (2)

 

                1

 

                 -

 

                 13

 

 

        61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            34

 

              38

 

                96

 

             35

 

                 -

 

              (6)

 

               (14)

 

 

      183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                  -

 

                -

 

              13

 

                 -

 

                   -

 

 

        13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                 -

 

                 -

 

                  1

 

 

          1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         47

 

 $            58

 

 $           186

 

 $           40

 

 $            14

 

 $          (19)

 

 $            (37)

 

 

 $    289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        696

 

 $       1,036

 

 $        1,078

 

 $         422

 

 $            68

 

 $           (1)

 

 $            (54)

 

 

 $ 3,245

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          519

 

             868

 

              701

 

            334

 

              62

 

                8

 

                  4

 

 

    2,496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

               -

 

                1

 

                 2

 

               8

 

                1

 

                1

 

                   -

 

 

        13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            72

 

              67

 

                 6

 

             12

 

                3

 

                 -

 

                  6

 

 

      166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          105

 

             100

 

              369

 

             68

 

                2

 

            (10)

 

               (64)

 

 

      570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

             (7)

 

                 -

 

                  -

 

               1

 

              (1)

 

                 -

 

                 13

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

            98

 

             100

 

              369

 

             69

 

                1

 

            (10)

 

               (51)

 

 

      576

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            17

 

              11

 

                14

 

           (11)

 

              (2)

 

              (3)

 

                 19

 

 

        45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            26

 

              34

 

              125

 

             27

 

              20

 

                 -

 

               (52)

 

 

      180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Losses of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

              (16)

 

                -

 

           (206)

 

                 -

 

                   -

 

 

    (222)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                 -

 

                 -

 

                (4)

 

 

        (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         55

 

 $            55

 

 $           214

 

 $           53

 

 $        (223)

 

 $           (7)

 

 $            (22)

 

 

 $    125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) 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 taxes, 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.

 

 

 

 



SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $     2,852

 

 $       4,282

 

 $        2,674

 

 $      1,476

 

 $         314

 

 $        (22)

 

 $          (138)

 

 

$11,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

        2,041

 

          3,563

 

           1,848

 

        1,168

 

           297

 

             42

 

                41

 

 

    9,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

            10

 

                1

 

                58

 

               1

 

                -

 

               2

 

                  1

 

 

        73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

          301

 

             281

 

                26

 

             56

 

             11

 

                -

 

                11

 

 

      686

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          500

 

             437

 

              742

 

           251

 

               6

 

           (66)

 

             (191)

 

 

    1,679

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            11

 

               (3)

 

                  -

 

               9

 

             (1)

 

                -

 

                65

 

 

        81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          511

 

             434

 

              742

 

           260

 

               5

 

           (66)

 

             (126)

 

 

    1,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            93

 

              44

 

                31

 

           (13)

 

               2

 

               2

 

                51

 

 

      210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

          135

 

             160

 

              252

 

           111

 

             (2)

 

           (22)

 

             (110)

 

 

      524

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                40

 

               -

 

             59

 

                -

 

                   -

 

 

        99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

               -

 

                -

 

                -

 

              (26)

 

 

      (26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        283

 

 $          230

 

 $           499

 

 $        162

 

 $          64

 

 $        (46)

 

 $            (93)

 

 

 $ 1,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $     2,785

 

 $       4,181

 

 $        3,256

 

 $      1,454

 

 $         295

 

 $        (22)

 

 $          (188)

 

 

$11,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

        2,014

 

          3,477

 

           2,345

 

        1,120

 

           272

 

             37

 

                (2)

 

 

    9,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense (Adjustment)

 

              3

 

               (2)

 

                10

 

             38

 

               4

 

               1

 

                  2

 

 

        56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

          291

 

             267

 

                25

 

             46

 

             12

 

                -

 

                16

 

 

      657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          477

 

             439

 

              876

 

           250

 

               7

 

           (60)

 

             (204)

 

 

    1,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              8

 

               (1)

 

                  -

 

           355

 

               2

 

                -

 

                17

 

 

      381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          485

 

             438

 

              876

 

           605

 

               9

 

           (60)

 

             (187)

 

 

    2,166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            96

 

              42

 

                62

 

           (13)

 

             (4)

 

                -

 

                69

 

 

      252

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

          152

 

             173

 

              294

 

           243

 

             12

 

           (18)

 

             (215)

 

 

      641

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Losses of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

              (16)

 

               -

 

         (166)

 

                -

 

                   -

 

 

    (182)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

               -

 

                -

 

                -

 

               315

 

 

      315

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        237

 

 $          223

 

 $           504

 

 $        375

 

 $      (165)

 

 $        (42)

 

 $            274

 

 

 $ 1,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) 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 taxes, 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.