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8-K - FORM 8-K - SAN DIEGO GAS & ELECTRIC COsdge8k08022012.htm
EX-99 - EXHIBIT 99.1 - SAN DIEGO GAS & ELECTRIC COex991.htm



Exhibit 99.2


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$      780

 

$         720

 

$          348

 

$         118

 

$           14

 

$         198

 

$            (89)

 

 

$ 2,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(492)

 

(535)

 

(270)

 

(63)

 

(1)

 

(196)

 

66

 

 

(1,491)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(119)

 

(90)

 

(14)

 

(16)

 

(3)

 

(22)

 

(2)

 

 

(266)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(2)

 

(290)

(1)

(1)

 

 

(293)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

24

 

4

 

-

 

(2)

 

-

 

-

 

(8)

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

193

 

99

 

64

 

37

 

8

 

(310)

 

(34)

 

 

57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (3)

 

(40)

 

(18)

 

(2)

 

1

 

(2)

 

(11)

 

(38)

 

 

(110)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(53)

 

(28)

 

(17)

 

(3)

 

18

 

128

 

73

 

 

118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

8

 

-

 

-

 

-

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(5)

 

-

 

(7)

 

-

 

-

 

-

 

1

 

 

(11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        95

 

$          53

 

$            38

 

$          43

 

$           24

 

$       (193)

 

$                2

 

 

$     62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$      697

 

$         876

 

$          361

 

$         171

 

$             6

 

$         436

 

$          (125)

 

 

$ 2,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(479)

 

(691)

 

(287)

 

(114)

 

(3)

 

(320)

 

97

 

 

(1,797)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(105)

 

(82)

 

(13)

 

(16)

 

(2)

 

(27)

 

(3)

 

 

(248)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(1)

 

10

 

(2)

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

13

 

3

 

276

(4)

2

 

-

 

-

 

14

 

 

308

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

126

 

106

 

337

 

43

 

-

 

99

 

(19)

 

 

692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(32)

 

(19)

 

(2)

 

(4)

 

(2)

 

(14)

 

(36)

 

 

(109)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(42)

 

(28)

 

(12)

 

(13)

 

6

 

(38)

 

27

 

 

(100)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Net of Income Tax

 

-

 

-

 

(1)

 

9

 

-

 

-

 

-

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (Earnings) Attributable to Noncontrolling Interests

 

19

 

-

 

(8)

 

-

 

-

 

-

 

1

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        71

 

$          59

 

$          314

 

$          35

 

$             4

 

$          47

 

$            (27)

 

 

$    503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes impairment loss of $300 million related to our investment in Rockies Express Pipeline LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Management believes "Income (Loss) before Interest & 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4) Includes gain of $277 million related to remeasurement of equity method investments.







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$      1,614

 

$    1,600

 

$         705

 

$         253

 

$           22

 

$       467

 

$             (189)

 

 

$    4,472

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,036)

 

(1,209)

 

(551)

 

(140)

 

(10)

 

(441)

 

148

 

 

(3,239)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(231)

 

(177)

 

(27)

 

(31)

 

(6)

 

(45)

 

(6)

 

 

(523)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(1)

 

(279)

(1)

(1)

 

 

(281)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

54

 

8

 

2

 

2

 

-

 

-

 

27

 

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

401

 

222

 

129

 

84

 

5

 

(298)

 

(21)

 

 

522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(77)

 

(35)

 

(8)

 

-

 

(6)

 

(20)

 

(74)

 

 

(220)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(113)

 

(68)

 

(30)

 

(23)

 

35

 

126

 

74

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

19

 

-

 

-

 

-

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(11)

 

-

 

(13)

 

-

 

-

 

-

 

-

 

 

(24)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$         200

 

$       119

 

$           78

 

$           80

 

$           34

 

$     (192)

 

$              (21)

 

 

$      298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$      1,537

 

$    1,932

 

$         361

 

$         378

 

$           10

 

$       885

 

$             (247)

 

 

$    4,856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,053)

 

(1,547)

 

(289)

 

(257)

 

(7)

 

(648)

 

204

 

 

(3,597)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(208)

 

(163)

 

(13)

 

(31)

 

(3)

 

(53)

 

(7)

 

 

(478)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

-

 

19

 

(11)

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

29

 

6

 

276

(4)

6

 

-

 

-

 

34

 

 

351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

305

 

228

 

335

 

96

 

-

 

203

 

(27)

 

 

1,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(69)

 

(36)

 

(2)

 

(7)

 

(5)

 

(23)

 

(74)

 

 

(216)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(91)

 

(65)

 

(12)

 

(31)

 

13

 

(70)

 

42

 

 

(214)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

23

 

16

 

-

 

-

 

-

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (Earnings) Attributable to Noncontrolling Interests

 

15

 

-

 

(8)

 

-

 

-

 

-

 

1

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$         160

 

$       127

 

$         336

 

$           74

 

$             8

 

$       110

 

$              (58)

 

 

$      757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes impairment loss of $300 million related to our investment in Rockies Express Pipeline LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Management believes "Income (Loss) before Interest & 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4) Includes gain of $277 million related to remeasurement of equity method investments.