XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Utilities $ 2,170 $ 2,065 [1] $ 6,099 $ 5,933 [1]
Energy-related businesses 337 511 [1] 880 1,499 [1]
Total revenues 2,507 2,576 [1] 6,979 7,432 [1]
Utilities [Abstract]        
Cost of natural gas (212) (322) [1] (864) (1,367) [1]
Cost of electric fuel and purchased power (515) (408) [1] (1,252) (976) [1]
Energy-related businesses [Abstract]        
Cost of natural gas, electric fuel and purchased power (136) (252) [1] (346) (694) [1]
Other cost of sales (43) (68) [1] (117) (123) [1]
Operation and maintenance (732) (691) [1] (2,123) (2,003) [1]
Depreciation and amortization (280) (251) [1] (803) (729) [1]
Franchise fees and other taxes (89) (84) [1] (264) (259) [1]
Equity (losses) earnings before income tax        
Equity (losses) earnings before income tax, Rockies Express (87) 10 [1] (366) 29 [1]
Equity (losses) earnings before income tax, other (7) (22) [1] (9) (33) [1]
Remeasurement of equity method investments       277 [1]
Other income (expense), net 44 12 [1] 137 86 [1]
Interest income 5 6 [1] 14 21 [1]
Interest expense (126) (118) [1] (352) (344) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 329 388 [1] 634 1,317 [1]
Income tax (expense) benefit (49) (75) [1] (48) (289) [1]
Equity earnings, net of income tax 10 6 [1] 29 45 [1]
Net income 290 319 [1] 615 1,073 [1]
Losses (earnings) attributable to noncontrolling interests (20) (29) [1] (44) (21) [1]
Preferred dividends of subsidiaries (2) (1) [1] (5) (6) [1]
Earnings 268 289 [1] 566 1,046 [1]
Basic earnings per common share:        
Basic earnings per common share $ 1.11 $ 1.21 [1] $ 2.35 $ 4.36 [1]
Basic earnings per common share, weighted-average number of shares outstanding (thousands) 241,689 239,545 [1] 241,133 239,693 [1]
Diluted earnings per common share:        
Diluted earnings per common share $ 1.09 $ 1.20 [1] $ 2.31 $ 4.32 [1]
Diluted earnings per common share, weighted-average number of shares outstanding (thousands) 245,802 241,880 [1] 245,013 241,955 [1]
Dividends declared per share of common stock $ 0.60 $ 0.48 [1] $ 1.80 $ 1.44 [1]
San Diego Gas and Electric Company and Subsidiary [Member]
       
Utility operating revenues        
Electric 998 763 2,349 2,011
Natural gas 94 105 357 394
Total utility operating revenues 1,092 868 2,706 2,405
Utility operating expenses        
Utility cost of natural gas 29 40 130 175
Utility cost of electric fuel and purchased power 301 207 604 534
Utility operation and maintenance 309 255 852 756
Utility depreciation and amortization 128 108 359 316
Utility franchise fees and other taxes 55 48 144 138
Total utility operating expenses 822 658 2,089 1,919
Utility operating income 270 210 617 486
Equity (losses) earnings before income tax        
Other income (expense), net 5 26 59 55
Interest expense (49) (37) (124) (104)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 226 199 552 437
Income tax (expense) benefit (38) (63) (151) (154)
Net income 188 136 401 283
Losses (earnings) attributable to noncontrolling interests (12) (21) (23) (6)
Earnings 176 115 378 277
Preferred dividend requirements (2) (2) (4) (4)
Earnings attributable to common shares 174 113 374 273
Southern California Gas Company [Member]
       
Utility operating revenues        
Total utility operating revenues 728 844 2,328 2,776
Utility operating expenses        
Utility cost of natural gas 175 267 703 1,133
Utility operation and maintenance 316 331 933 946
Utility depreciation and amortization 91 83 268 246
Utility franchise fees and other taxes 27 28 91 94
Total utility operating expenses 609 709 1,995 2,419
Utility operating income 119 135 333 357
Equity (losses) earnings before income tax        
Other income (expense), net 6 3 14 9
Interest income   1   1
Interest expense (17) (17) (51) (52)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 108 122 296 315
Income tax (expense) benefit (37) (41) (105) (106)
Net income 71 81 191 209
Earnings 71 81 191 209
Preferred dividend requirements 0 0 (1) (1)
Earnings attributable to common shares $ 71 $ 81 $ 190 $ 208
[1] As adjusted for the retrospective effect of a change in accounting principle as we discuss in Note 1.