XML 59 R34.htm IDEA: XBRL DOCUMENT v3.22.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have four separately managed reportable segments, as follows:
SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.
SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California.
Sempra Texas Utilities holds our investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas; and our indirect, 50% interest in Sharyland Holdings L.P., which owns Sharyland Utilities, L.L.C., a regulated electric transmission utility serving customers near the Texas-Mexico border.
Sempra Infrastructure includes the operating companies of our subsidiary, SI Partners, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure to help enable the energy transition in North American markets and globally. Sempra Infrastructure owns a 70% interest in SI Partners, which held a 100% ownership interest in Sempra LNG Holding, LP and a 99.9% ownership interest in IEnova at June 30, 2022.
We evaluate each segment’s performance based on its contribution to Sempra’s reported earnings and cash flows. SDG&E and SoCalGas operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC and, in the case of SDG&E, the FERC.
The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation.
The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations.
SEGMENT INFORMATION   
(Dollars in millions)   
 Three months ended June 30,Six months ended June 30,
 2022202120222021
REVENUES    
SDG&E$1,399 $1,318 $2,844 $2,655 
SoCalGas1,501 1,124 3,494 2,632 
Sempra Infrastructure689 341 1,113 790 
All other— — 
Adjustments and eliminations(2)(1)— (1)
Intersegment revenues(1)
(40)(42)(84)(78)
Total$3,547 $2,741 $7,367 $6,000 
DEPRECIATION AND AMORTIZATION  
SDG&E$244 $220 $483 $433 
SoCalGas188 180 375 353 
Sempra Infrastructure67 59 132 113 
All other
Total$501 $463 $994 $905 
INTEREST INCOME    
SDG&E$$— $$
SoCalGas— — 
Sempra Infrastructure20 30 41 
All other
Intercompany eliminations— (6)— (9)
Total$15 $15 $40 $34 
INTEREST EXPENSE    
SDG&E$114 $101 $220 $203 
SoCalGas45 40 85 79 
Sempra Infrastructure32 45 59 86 
All other81 79 151 162 
Intercompany eliminations(1)(7)(1)(13)
Total$271 $258 $514 $517 
INCOME TAX EXPENSE (BENEFIT)   
SDG&E$42 $33 $106 $78 
SoCalGas19 103 102 
Sempra Infrastructure70 94 161 151 
All other(51)44 (34)
Total$80 $139 $414 $297 
EQUITY EARNINGS (LOSSES)    
Equity earnings, before income tax:    
Sempra Texas Utilities$$$$
Sempra Infrastructure 156 133 297 267 
All other— 50 — 50 
159 185 302 320 
Equity earnings (losses), net of income tax:   
Sempra Texas Utilities184 137 346 273 
Sempra Infrastructure32 (9)53 38 
216 128 399 311 
Total$375 $313 $701 $631 
(1)    Revenues for reportable segments include intersegment revenues of $3, $23, and $14 for the three months ended June 30, 2022; $7, $49, and $28 for the six months ended June 30, 2022; $2, $23, and $17 for the three months ended June 30, 2021 and $4, $48, and $26 for the six months ended June 30, 2021 for SDG&E, SoCalGas, and Sempra Infrastructure, respectively.
SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
Three months ended June 30,Six months ended June 30,
2022202120222021
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES 
SDG&E$176 $186 $410 $398 
SoCalGas87 94 421 501 
Sempra Texas Utilities186 138 348 273 
Sempra Infrastructure
183 53 278 255 
All other(73)(47)(286)(129)
Total$559 $424 $1,171 $1,298 
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT
SDG&E$1,090 $1,072 
SoCalGas931 936 
Sempra Infrastructure336 415 
All other
Total$2,361 $2,424 
June 30,
2022
December 31,
2021
ASSETS
SDG&E$25,075 $24,058 
SoCalGas21,354 20,324 
Sempra Texas Utilities13,406 13,047 
Sempra Infrastructure14,958 14,408 
All other1,984 1,399 
Intersegment receivables(1,195)(1,191)
Total$75,582 $72,045 
EQUITY METHOD AND OTHER INVESTMENTS
Sempra Texas Utilities$13,406 $13,047 
Sempra Infrastructure1,687 1,425 
Total$15,093 $14,472