EX-99 3 exhibit992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



 

         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $          992

 

 $       617

 

 $            385

 

 $           147

 

 $              6

 

 $           90

 

 $                 (81)

 

 

 $     2,156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

            (664)

 

         (516)

 

              (306)

 

              (86)

 

              (13)

 

           (336)

 

                     66

 

 

       (1,855)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

            (158)

 

         (112)

 

                (14)

 

              (15)

 

               (2)

 

             (12)

 

                     (1)

 

 

         (314)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

                 -

 

              -

 

                   -

 

                  -

 

               11

 

                3

 

                       -

 

 

            14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

               13

 

             6

 

                  5

 

              (15)

 

                1

 

                1

 

                     12

 

 

            23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

             183

 

            (5)

 

                 70

 

               31

 

                3

 

           (254)

 

                     (4)

 

 

            24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest (expense) income (2)

 

              (48)

 

           (25)

 

                 (6)

 

                (3)

 

                 -

 

                7

 

                    (62)

 

 

         (137)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

              (48)

 

            29

 

                (15)

 

               12

 

                9

 

              99

 

                     20

 

 

          106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

                 -

 

              -

 

                   -

 

               33

 

                 -

 

                -

 

                       -

 

 

            33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (earnings) attributable to noncontrolling interests

 

               13

 

              -

 

                 (6)

 

              (16)

 

                 -

 

               (1)

 

                       -

 

 

           (10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

 $          100

 

 $          (1)

 

 $              43

 

 $            57

 

 $            12

 

 $        (149)

 

 $                 (46)

 

 

 $         16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $          972

 

 $       780

 

 $            389

 

 $           152

 

 $            10

 

 $         155

 

 $                 (91)

 

 

 $     2,367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

            (596)

 

         (573)

 

              (311)

 

              (90)

 

              (12)

 

           (156)

 

                     77

 

 

       (1,661)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

            (149)

 

         (113)

 

                (12)

 

              (17)

 

               (1)

 

             (12)

 

                     (3)

 

 

         (307)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of assets

 

                 -

 

              -

 

                  1

 

                  -

 

                 -

 

              61

 

                       -

 

 

            62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

                 -

 

              -

 

                   -

 

                  -

 

               10

 

              17

 

                       -

 

 

            27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

                 9

 

             9

 

                  6

 

                 6

 

                1

 

                -

 

                      6

 

 

            37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

             236

 

          103

 

                 73

 

               51

 

                8

 

              65

 

                    (11)

 

 

          525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest (expense) income (2)

 

              (52)

 

           (17)

 

                 (3)

 

                (4)

 

                 -

 

                2

 

                    (56)

 

 

         (130)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

              (54)

 

           (16)

 

                (18)

 

                (5)

 

               11

 

             (27)

 

                     11

 

 

           (98)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

                 -

 

              -

 

                   -

 

               22

 

                 -

 

                -

 

                       -

 

 

            22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

                (4)

 

              -

 

                 (7)

 

              (14)

 

                 -

 

                -

 

                      1

 

 

           (24)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

 $          126

 

 $         70

 

 $              45

 

 $            50

 

 $            19

 

 $           40

 

 $                 (55)

 

 

 $        295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 interest income, interest expense and preferred dividends of subsidiary.

 

 

 








 

         SEMPRA ENERGY

 

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $       1,983

 

 $    1,650

 

 $            785

 

 $           285

 

 $            13

 

 $         220

 

 $               (158)

 

 

 $     4,778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

         (1,260)

 

      (1,133)

 

              (635)

 

            (168)

 

              (26)

 

          (490)

 

                   128

 

 

       (3,584)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

            (317)

 

         (234)

 

                (27)

 

              (32)

 

                (3)

 

            (25)

 

                     (4)

 

 

         (642)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings (losses), before income tax

 

                 -

 

              -

 

                   -

 

                  -

 

               18

 

            (26)

 

                       -

 

 

             (8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

               27

 

            16

 

                  7

 

                (4)

 

                 1

 

               1

 

                     24

 

 

            72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

             433

 

          299

 

               130

 

               81

 

                 3

 

          (320)

 

                    (10)

 

 

          616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest (expense) income (2)

 

              (96)

 

           (47)

 

                (10)

 

                (5)

 

                 1

 

             11

 

                  (128)

 

 

         (274)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

            (120)

 

           (58)

 

                (29)

 

              (29)

 

               21

 

           124

 

                     55

 

 

           (36)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, net of income tax

 

                 -

 

              -

 

                  2

 

               48

 

                 -

 

                -

 

                       -

 

 

            50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (earnings) attributable to noncontrolling interests

 

               12

 

              -

 

                (12)

 

              (21)

 

                 -

 

                -

 

                       -

 

 

           (21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

 $          229

 

 $       194

 

 $              81

 

 $            74

 

 $            25

 

 $        (185)

 

 $                 (83)

 

 

 $        335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American
Utilities

 

Sempra
Mexico

 

Sempra Renewables

 

Sempra
Natural Gas

 

Consolidating Adjustments,
Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $       1,938

 

 $    1,828

 

 $            778

 

 $           315

 

 $            18

 

 $         352

 

 $               (180)

 

 

 $     5,049

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales and other expenses

 

         (1,156)

 

      (1,188)

 

              (625)

 

            (192)

 

              (23)

 

          (352)

 

                   150

 

 

       (3,386)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

            (294)

 

         (226)

 

                (25)

 

              (34)

 

                (3)

 

            (24)

 

                     (4)

 

 

         (610)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plant closure adjustment

 

               21

 

              -

 

                   -

 

                  -

 

                 -

 

                -

 

                       -

 

 

            21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of assets

 

                 -

 

              -

 

                  1

 

                  -

 

                 -

 

             61

 

                       -

 

 

            62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings, before income tax

 

                 -

 

              -

 

                   -

 

                  -

 

               12

 

             34

 

                       -

 

 

            46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

               18

 

            17

 

                  9

 

               15

 

                 1

 

                -

 

                     16

 

 

            76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before interest and tax (1)

 

             527

 

          431

 

               138

 

             104

 

                 5

 

             71

 

                    (18)

 

 

        1,258

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense (2)

 

            (104)

 

           (36)

 

                 (4)

 

                (7)

 

                (1)

 

                -

 

                  (105)

 

 

         (257)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

            (142)

 

         (111)

 

                (34)

 

              (13)

 

               28

 

            (29)

 

                     40

 

 

         (261)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (losses) earnings, net of income tax

 

                 -

 

              -

 

                 (1)

 

               38

 

                 -

 

                -

 

                       -

 

 

            37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) losses attributable to noncontrolling interests

 

               (8)

 

              -

 

                (13)

 

              (25)

 

                 -

 

                -

 

                      1

 

 

           (45)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses)

 

 $          273

 

 $       284

 

 $              86

 

 $            97

 

 $            32

 

 $          42

 

 $                 (82)

 

 

 $        732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 interest income, interest expense and preferred dividends of subsidiary.