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EX-99 - EXHIBIT 99.1 - SEMPRA ENERGYexhibit991.htm





SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 811

 

$ 776

 

$ 24

 

$ 269

 

$ 77

 

$ 183

 

$ (24)

 

 

$ 2,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(505)

 

(564)

 

(28)

 

(180)

 

(55)

 

(150)

 

13

 

 

(1,469)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(12)

 

-

 

-

 

(2)

 

-

 

(2)

 

(1)

 

 

(17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(96)

 

(78)

 

-

 

(16)

 

(11)

 

(13)

 

(4)

 

 

(218)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(281)

 

(1)

 

10

 

-

 

(1)

 

 

(273)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

(2)

 

2

 

-

 

2

 

55

 

2

 

7

 

 

66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

196

 

136

 

(285)

 

72

 

76

 

20

 

(10)

 

 

205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(39)

 

(16)

 

4

 

2

 

(6)

 

(12)

 

(41)

 

 

(108)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(56)

 

(42)

 

147

 

(18)

 

(23)

 

(3)

 

27

 

 

32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

(4)

 

-

 

-

 

 

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

5

 

-

 

-

 

-

 

-

 

-

 

1

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 106

 

$ 78

 

$ (134)

 

$ 56

 

$ 43

 

$ 5

 

$ (23)

 

 

$ 131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 773

 

$ 662

 

$ 24

 

$ 250

 

$ 98

 

$ 68

 

$ (22)

 

 

$ 1,853

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(518)

 

(457)

 

(23)

 

(167)

 

(73)

 

(60)

 

(2)

 

 

(1,300)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(2)

 

-

 

-

 

-

 

(1)

 

-

 

-

 

 

(3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(81)

 

(73)

 

-

 

(14)

 

(13)

 

(10)

 

(5)

 

 

(196)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

105

 

4

 

18

 

-

 

(4)

 

 

123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

1

 

(1)

 

-

 

(1)

 

-

 

-

 

25

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

173

 

131

 

106

 

72

 

29

 

(2)

 

(8)

 

 

501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(30)

 

(15)

 

(1)

 

1

 

(4)

 

(8)

 

(36)

 

 

(93)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(53)

 

(42)

 

(30)

 

(30)

 

9

 

10

 

8

 

 

(128)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

20

 

-

 

-

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

18

 

-

 

-

 

-

 

-

 

-

 

(1)

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 108

 

$ 74

 

$ 75

 

$ 43

 

$ 54

 

$ -

 

$ (37)

 

 

$ 317

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our business units' 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) Net Interest Expense includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 














SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 2,245

 

$ 2,792

 

$ 73

 

$ 806

 

$ 262

 

$ 554

 

$ (74)

 

 

$ 6,658

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,468)

 

(2,175)

 

(73)

 

(591)

 

(187)

 

(409)

 

41

 

 

(4,862)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Expense

 

(12)

 

(1)

 

(20)

 

(143)

 

(1)

 

(4)

 

(3)

 

 

(184)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(283)

 

(230)

 

-

 

(47)

 

(32)

 

(38)

 

(13)

 

 

(643)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

(290)

 

(2)

 

32

 

-

 

(6)

 

 

(266)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

(18)

 

8

 

1

 

9

 

53

 

2

 

27

 

 

82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

464

 

394

 

(309)

 

32

 

127

 

105

 

(28)

 

 

785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

(103)

 

(50)

 

3

 

-

 

(13)

 

(36)

 

(118)

 

 

(317)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(131)

 

(132)

 

167

 

19

 

(36)

 

(19)

 

47

 

 

(85)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

42

 

-

 

-

 

 

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

34

 

-

 

-

 

-

 

-

 

-

 

-

 

 

34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 264

 

$ 212

 

$ (139)

 

$ 51

 

$ 120

 

$ 50

 

$ (99)

 

 

$ 459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ 2,136

 

$ 2,276

 

$ 50

 

$ 792

 

$ 328

 

$ 125

 

$ (57)

 

 

$ 5,650

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,443)

 

(1,696)

 

(49)

 

(551)

 

(376)

(3)

(141)

 

(9)

 

 

(4,265)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Litigation Adjustment (Expense)

 

6

 

(2)

 

-

 

-

 

(2)

 

(1)

 

(1)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(239)

 

(220)

 

-

 

(43)

 

(32)

 

(23)

 

(11)

 

 

(568)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

-

 

-

 

384

 

(2)

 

39

 

-

 

(10)

 

 

411

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

45

 

4

 

-

 

-

 

-

 

1

 

47

 

 

97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

505

 

362

 

385

 

196

 

(43)

 

(39)

 

(41)

 

 

1,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(78)

 

(49)

 

(7)

 

(1)

 

(10)

 

(12)

 

(91)

 

 

(248)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(141)

 

(115)

 

(104)

 

(76)

 

26

 

32

 

51

 

 

(327)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

-

 

59

 

-

 

-

 

 

59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(9)

 

-

 

-

 

-

 

32

 

-

 

(1)

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$ 277

 

$ 198

 

$ 274

 

$ 119

 

$ 64

 

$ (19)

 

$ (82)

 

 

$ 831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" is a useful measurement of our business units' 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) Net Interest Expense includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Includes $132 million write-off of long-lived assets.