XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Utilities $ 2,370 $ 2,332 $ 4,855 $ 4,666
Energy-related businesses 308 319 618 635
Total revenues 2,678 2,651 5,473 5,301
Utilities [Abstract]        
Cost of natural gas (395) (365) (1,015) (921)
Cost of electric fuel and purchased power (571) (477) (1,081) (924)
Energy-related businesses [Abstract]        
Cost of natural gas, electric fuel and purchased power (126) (94) (264) (205)
Other cost of sales (42) (49) (80) (97)
Operation and maintenance (729) (740) (1,405) (1,464)
Depreciation and amortization (288) (247) (574) (542)
Plant closure adjustment (loss) 0 (200) 13 (200)
Franchise fees and other taxes (92) (81) (197) (187)
Gain on sale of equity interest and assets 2 0 29 74
Equity (losses) earnings before income tax        
Equity (losses) earnings, other 23 8 40 18
Other income (expense), net 49 26 89 63
Interest income 5 4 9 10
Interest expense (138) (138) (274) (276)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 376 298 763 650
Income tax (expense) benefit (93) (32) (220) (210)
Equity earnings, net of income tax 9 1 15 5
Net income 292 267 558 445
Losses (earnings) attributable to noncontrolling interests (22) (21) (41) (19)
Preferred dividends of subsidiaries (1) (1) (1) (3)
Earnings 269 245 516 423
Basic earnings per common share:        
Basic earnings per common share $ 1.10 $ 1.00 $ 2.10 $ 1.74
Basic earnings per common share, weighted-average number of shares outstanding (thousands) 245,688 243,603 245,484 243,449
Diluted earnings per common share:        
Diluted earnings per common share $ 1.08 $ 0.98 $ 2.07 $ 1.70
Diluted earnings per common share, weighted-average number of shares outstanding (thousands) 250,061 248,515 249,816 248,279
Dividends declared per share of common stock $ 0.66 $ 0.63 $ 1.32 $ 1.26
San Diego Gas and Electric Company and Subsidiary [Member]
       
Utility operating revenues        
Electric 948 943 1,759 1,715
Natural gas 115 121 291 288
Total utility operating revenues 1,063 1,064 2,050 2,003
Utility operating expenses        
Utility cost of natural gas 51 45 126 121
Utility cost of electric fuel and purchased power 329 252 595 461
Utility operation and maintenance 256 289 508 586
Utility depreciation and amortization 131 107 261 241
Utility franchise fees and other taxes 54 46 110 101
Utility plant closure (adjustment) loss 0 200 (13) 200
Total utility operating expenses 821 939 1,587 1,710
Utility operating income 242 125 463 293
Equity (losses) earnings before income tax        
Other income (expense), net 7 9 20 20
Interest income 0 0 0 1
Interest expense (51) (49) (101) (97)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 198 85 382 217
Income tax (expense) benefit (69) (12) (152) (63)
Net income 129 73 230 154
Losses (earnings) attributable to noncontrolling interests (6) (7) (8) 4
Earnings 123 66 222 158
Preferred dividend requirements 0 (1) 0 (2)
Earnings attributable to common shares 123 65 222 156
Southern California Gas Company [Member]
       
Utility operating revenues        
Total utility operating revenues 917 904 2,002 1,887
Utility operating expenses        
Utility cost of natural gas 321 303 829 757
Utility operation and maintenance 337 316 642 622
Utility depreciation and amortization 107 80 212 180
Utility franchise fees and other taxes 30 26 68 66
Total utility operating expenses 795 725 1,751 1,625
Utility operating income 122 179 251 262
Equity (losses) earnings before income tax        
Other income (expense), net 3 3 7 7
Interest expense (16) (18) (33) (35)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 109 164 225 234
Income tax (expense) benefit (28) (45) (66) (69)
Net income 81 119 159 165
Earnings 81 119 159 165
Preferred dividend requirements (1) (1) (1) (1)
Earnings attributable to common shares $ 80 $ 118 $ 158 $ 164