EX-99.2 3 ex99_2x20211231x10-k.htm EX-99.2 Document
Exhibit 99.2

         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended December 31, 2021SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,385 $1,777 $— $728 $(46)$3,844 
Cost of sales and other expenses(804)(1,299)(2)(346)(2,447)
Aliso Canyon litigation and regulatory matters— (22)— — — (22)
Depreciation and amortization(230)(183)— (63)(3)(479)
Gain on sale of asset— — — — 36 36 
Other income (expense), net(12)— (8)23 
Income (loss) before interest and tax(1)
354 261 (2)311 14 938 
Net interest expense(105)(38)— (58)(202)(403)
Income tax expense(33)(25)— (74)(12)(144)
Equity earnings, net— — 139 182 — 321 
(Earnings) losses attributable to noncontrolling interests— — — (98)(97)
Preferred dividends— — — — (11)(11)
Earnings (losses) attributable to common shares$216 $198 $137 $263 $(210)$604 
Three months ended December 31, 2020SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,337 $1,501 $— $362 $(29)$3,171 
Cost of sales and other expenses(813)(985)— (206)(4)(2,008)
Aliso Canyon litigation and regulatory matters— (180)— — — (180)
Depreciation and amortization(203)(168)— (50)(3)(424)
Loss on sale of assets— — — — (3)(3)
Other income (expense), net(49)— 127 32 115 
Income (loss) before interest and tax(1)
326 119 — 233 (7)671 
Net interest expense (106)(39)— (11)(87)(243)
Income tax (expense) benefit(29)(1)(1)(251)93 (189)
Equity earnings, net— — 122 71 — 193 
Losses attributable to noncontrolling interests— — — 29 — 29 
Preferred dividends— — — — (47)(47)
Earnings (losses) attributable to common shares$191 $79 $121 $71 $(48)$414 
(1)
Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments’ 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.





         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Year ended December 31, 2021SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,504 $5,515 $— $1,997 $(159)$12,857 
Cost of sales and other expenses(3,248)(3,772)(6)(1,196)67 (8,155)
Aliso Canyon litigation and regulatory matters— (1,593)— — — (1,593)
Depreciation and amortization(889)(716)— (239)(11)(1,855)
Gain on sale of asset— — — — 36 36 
Other income (expense), net64 (14)— (36)44 58 
Income (loss) before interest and tax(1)
1,431 (580)(6)526 (23)1,348 
Net interest expense(411)(156)— (130)(432)(1,129)
Income tax (expense) benefit(201)310 — (238)30 (99)
Equity earnings, net— — 622 671 50 1,343 
(Earnings) losses attributable to noncontrolling interests— — — (147)(145)
Preferred dividends— (1)— — (63)(64)
Earnings (losses) attributable to common shares$819 $(427)$616 $682 $(436)1,254 
Year ended December 31, 2020SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,313 $4,748 $— $1,400 $(91)$11,370 
Cost of sales and other expenses
(3,139)(3,002)— (728)(3)(6,872)
Aliso Canyon litigation and regulatory matters— (307)— — — (307)
Depreciation and amortization(801)(654)— (198)(13)(1,666)
Loss on sale of assets— — — — (3)(3)
Other income (expense), net
52 (28)— (84)12 (48)
Income (loss) before interest and tax(1)
1,425 757 — 390 (98)2,474 
Net interest expense(411)(156)— (33)(385)(985)
Income tax (expense) benefit(190)(96)(1)(149)187 (249)
Equity earnings (losses), net
— — 580 535 (100)1,015 
(Earnings) losses attributable to noncontrolling interests— — — (163)(162)
Preferred dividends— (1)— — (168)(169)
Earnings (losses) from continuing operations$824 $504 $579 $580 $(563)1,924 
Earnings from discontinued operations(2)
1,840 
Earnings attributable to common shares$3,764 
(1)
Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments’ 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)Includes $1,747 million gain on the sale of our South American businesses in the second quarter of 2020.