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 June 30, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 692

 

$ 834

 

$ 26

 

$ 242

 

$ 75

 

$ 166

 

$ (27)

 

 

$ 2,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(458)

 

(638)

 

(22)

 

(178)

 

(54)

 

(123)

 

15

 

 

(1,458)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

7

 

(1)

 

-

 

(2)

 

(1)

 

(1)

 

(1)

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(95)

 

(77)

 

-

 

(16)

 

(10)

 

(13)

 

(4)

 

 

(215)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(16)

 

(1)

 

12

 

-

 

(3)

 

 

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

(16)

 

2

 

-

 

6

 

(1)

 

-

 

17

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

130

 

120

 

(12)

 

51

 

21

 

29

 

(3)

 

 

336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(32)

 

(17)

 

-

 

-

 

(2)

 

(12)

 

(39)

 

 

(102)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(44)

 

(34)

 

12

 

(3)

 

(7)

 

(4)

 

21

 

 

(59)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

27

 

-

 

-

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

21

 

-

 

-

 

-

 

-

 

-

 

(1)

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 75

 

$ 69

 

$ -

 

$ 48

 

$ 39

 

$ 13

 

$ (22)

 

 

$ 222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 631

 

$ 694

 

$ 13

 

$ 245

 

$ 98

 

$ 25

 

$ (17)

 

 

$ 1,689

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(437)

 

(501)

 

(14)

 

(157)

 

(208)

(3)

(38)

 

(9)

 

 

(1,364)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

-

 

(2)

 

-

 

-

 

(1)

 

(1)

 

-

 

 

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(81)

 

(75)

 

-

 

(15)

 

(9)

 

(7)

 

(2)

 

 

(189)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

126

 

(6)

 

11

 

-

 

(3)

 

 

128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

27

 

4

 

-

 

1

 

1

 

1

 

36

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

140

 

120

 

125

 

68

 

(108)

 

(20)

 

5

 

 

330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(22)

 

(18)

 

(3)

 

(1)

 

(3)

 

(2)

 

(28)

 

 

(77)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(28)

 

(37)

 

(37)

 

(34)

 

29

 

10

 

7

 

 

(90)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

23

 

-

 

-

 

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(20)

 

-

 

-

 

-

 

32

 

-

 

-

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 70

 

$ 65

 

$ 85

 

$ 33

 

$ (27)

 

$ (12)

 

$ (16)

 

 

$ 198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Includes $132 million write-off of long-lived assets.






SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 1,434

 

$ 2,016

 

$ 49

 

$ 537

 

$ 185

 

$ 371

 

$ (50)

 

 

$ 4,542

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(963)

 

(1,611)

 

(45)

 

(411)

 

(132)

 

(259)

 

28

 

 

(3,393)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

-

 

(1)

 

(20)

 

(141)

 

(1)

 

(2)

 

(2)

 

 

(167)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(187)

 

(152)

 

-

 

(31)

 

(21)

 

(25)

 

(9)

 

 

(425)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(9)

 

(1)

 

22

 

-

 

(5)

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

(16)

 

6

 

1

 

7

 

(2)

 

-

 

20

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

268

 

258

 

(24)

 

(40)

 

51

 

85

 

(18)

 

 

580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(64)

 

(34)

 

(1)

 

(2)

 

(7)

 

(24)

 

(77)

 

 

(209)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(75)

 

(90)

 

20

 

37

 

(13)

 

(16)

 

20

 

 

(117)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

46

 

-

 

-

 

 

46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

29

 

-

 

-

 

-

 

-

 

-

 

(1)

 

 

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 158

 

$ 134

 

$ (5)

 

$ (5)

 

$ 77

 

$ 45

 

$ (76)

 

 

$ 328

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 1,363

 

$ 1,614

 

$ 26

 

$ 542

 

$ 230

 

$ 57

 

$ (35)

 

 

$ 3,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(925)

 

(1,239)

 

(26)

 

(384)

 

(303)

(3)

(81)

 

(7)

 

 

(2,965)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

8

 

(2)

 

-

 

-

 

(1)

 

(1)

 

(1)

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(158)

 

(147)

 

-

 

(29)

 

(19)

 

(13)

 

(6)

 

 

(372)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

279

 

(6)

 

21

 

-

 

(6)

 

 

288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

44

 

5

 

-

 

1

 

-

 

1

 

22

 

 

73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

332

 

231

 

279

 

124

 

(72)

 

(37)

 

(33)

 

 

824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(48)

 

(34)

 

(6)

 

(2)

 

(6)

 

(4)

 

(55)

 

 

(155)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(88)

 

(73)

 

(74)

 

(46)

 

17

 

22

 

43

 

 

(199)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

39

 

-

 

-

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(27)

 

-

 

-

 

-

 

32

 

-

 

-

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 169

 

$ 124

 

$ 199

 

$ 76

 

$ 10

 

$ (19)

 

$ (45)

 

 

$ 514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Includes $132 million write-off of long-lived assets.