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REVENUES
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
We discuss revenue recognition for revenues from contracts with customers and from sources other than contracts with customers in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report.
The following table disaggregates our revenues from contracts with customers by major service line and market and provides a reconciliation to total revenues by segment. The majority of our revenue is recognized over time.
DISAGGREGATED REVENUES
(Dollars in millions)
SDG&ESoCalGasSempra InfrastructureConsolidating adjustments and Parent
and other
Sempra
Three months ended June 30, 2023
By major service line:
Utilities$1,400 $1,291 $19 $(34)$2,676 
Energy-related businesses— — 235 (19)216 
Revenues from contracts with customers$1,400 $1,291 $254 $(53)$2,892 
By market:
Gas$252 $1,291 $167 $(30)$1,680 
Electric1,148 — 87 (23)1,212 
Revenues from contracts with customers$1,400 $1,291 $254 $(53)$2,892 
Revenues from contracts with customers$1,400 $1,291 $254 $(53)$2,892 
Utilities regulatory revenues(138)176 — — 38 
Other revenues— — 406 (1)405 
Total revenues$1,262 $1,467 $660 $(54)$3,335 
 Six months ended June 30, 2023
By major service line:
Utilities$3,165 $5,132 $49 $(72)$8,274 
Energy-related businesses— — 547 (40)507 
Revenues from contracts with customers$3,165 $5,132 $596 $(112)$8,781 
By market:
Gas$806 $5,132 $371 $(65)$6,244 
Electric2,359 — 225 (47)2,537 
Revenues from contracts with customers$3,165 $5,132 $596 $(112)$8,781 
Revenues from contracts with customers$3,165 $5,132 $596 $(112)$8,781 
Utilities regulatory revenues(250)129 — — (121)
Other revenues— — 1,260 (25)1,235 
Total revenues$2,915 $5,261 $1,856 $(137)$9,895 
DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
SDG&ESoCalGasSempra InfrastructureConsolidating adjustments and Parent
and other
Sempra
Three months ended June 30, 2022
By major service line:
Utilities$1,250 $1,347 $20 $(27)$2,590 
Energy-related businesses— — 457 (14)443 
Revenues from contracts with customers$1,250 $1,347 $477 $(41)$3,033 
By market:
Gas$159 $1,347 $340 $(19)$1,827 
Electric1,091 — 137 (22)1,206 
Revenues from contracts with customers$1,250 $1,347 $477 $(41)$3,033 
Revenues from contracts with customers$1,250 $1,347 $477 $(41)$3,033 
Utilities regulatory revenues149 154 — — 303 
Other revenues— — 212 (1)211 
Total revenues$1,399 $1,501 $689 $(42)$3,547 
 Six months ended June 30, 2022
By major service line:
Utilities$2,751 $3,259 $48 $(56)$6,002 
Energy-related businesses— — 749 (29)720 
Revenues from contracts with customers$2,751 $3,259 $797 $(85)$6,722 
By market:
Gas$489 $3,259 $569 $(45)$4,272 
Electric2,262 — 228 (40)2,450 
Revenues from contracts with customers$2,751 $3,259 $797 $(85)$6,722 
Revenues from contracts with customers$2,751 $3,259 $797 $(85)$6,722 
Utilities regulatory revenues93 235 — — 328 
Other revenues— — 316 317 
Total revenues$2,844 $3,494 $1,113 $(84)$7,367 
REVENUES FROM CONTRACTS WITH CUSTOMERS
Remaining Performance Obligations
For contracts greater than one year, at June 30, 2023, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. Sempra’s remaining performance obligations primarily relate to capacity agreements for natural gas storage and transportation at Sempra Infrastructure and transmission line projects at SDG&E. SoCalGas did not have any remaining performance obligations at June 30, 2023.
REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
Sempra SDG&E
2023 (excluding first six months of 2023)
$175 $
2024300 
2025338 
2026365 
2027365 
Thereafter4,077 59 
Total revenues to be recognized
$5,620 $77 
(1)    Excludes intercompany transactions.
Contract Liabilities from Revenues from Contracts with Customers
Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the six months ended June 30, 2023 or 2022. As we discuss in Note 16 of the Notes to Consolidated Financial Statements in the Annual Report, Sempra Infrastructure drew against and fully exhausted SEFE’s letters of credit in April 2022 due to SEFE’s non-renewal of such letters of credit as required under its LNG storage and regasification agreement. Sempra Infrastructure recorded a contract liability for the funds drawn from the letters of credit as payments received in advance.
CONTRACT LIABILITIES
(Dollars in millions)
20232022
Sempra:
Contract liabilities at January 1$(252)$(278)
Revenue from performance obligations satisfied during reporting period86 
Payments received in advance(2)(105)
Contract liabilities at June 30(1)
$(249)$(297)
SDG&E:
Contract liabilities at January 1$(79)$(83)
Revenue from performance obligations satisfied during reporting period
Contract liabilities at June 30(2)
$(77)$(81)
(1)     Balances at June 30, 2023 include $6 in Other Current Liabilities and $243 in Deferred Credits and Other.
(2)     Balances at June 30, 2023 include $4 in Other Current Liabilities and $73 in Deferred Credits and Other.
Receivables from Revenues from Contracts with Customers
The table below shows receivable balances associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets.
RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS
(Dollars in millions)
June 30, 2023December 31, 2022
Sempra:
Accounts receivable – trade, net(1)
$1,828 $2,291 
Accounts receivable – other, net14 25 
Due from unconsolidated affiliates – current(2)
Other long-term assets(3)
Total$1,852 $2,334 
SDG&E:
Accounts receivable – trade, net(1)
$813 $799 
Accounts receivable – other, net10 12 
Due from unconsolidated affiliates – current(2)
Other long-term assets(3)
Total$831 $819 
SoCalGas:
Accounts receivable – trade, net$856 $1,295 
Accounts receivable – other, net13 
Other long-term assets(3)
Total$861 $1,311 
(1)     At June 30, 2023 and December 31, 2022, includes $123 and $72, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues.
(2)     Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.
(3)     In connection with the COVID-19 pandemic and at the direction of the CPUC, SDG&E and SoCalGas enrolled residential and small business customers with past-due balances in long-term repayment plans.