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8-K - FORM 8-K - SAN DIEGO GAS & ELECTRIC COsdge8k11062012.htm
EX-99 - EX 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 September 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

 

$     1,092

 

$          728

 

$           356

 

$          181

 

$            27

 

$          294

 

$            (171)

 

 

$  2,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(694)

 

(518)

 

(269)

 

(107)

 

(11)

 

(288)

 

160

 

 

(1,727)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(128)

 

(91)

 

(15)

 

(15)

 

(4)

 

(24)

 

(3)

 

 

(280)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

(87)

(1)

(1)

 

 

(94)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

5

 

6

 

5

 

6

 

(1)

 

3

 

20

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

275

 

125

 

77

 

65

 

5

 

(102)

 

5

 

 

450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(51)

 

(17)

 

(3)

 

-

 

(4)

 

(11)

 

(37)

 

 

(123)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(38)

 

(37)

 

(27)

 

(21)

 

12

 

45

 

17

 

 

(49)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

10

 

-

 

-

 

-

 

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(12)

 

-

 

(7)

 

-

 

-

 

-

 

(1)

 

 

(20)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        174

 

$            71

 

$             40

 

$            54

 

$            13

 

$           (68)

 

$             (16)

 

 

$     268

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 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

 

$        868

 

$          844

 

$           345

 

$          183

 

$             7

 

$          455

 

$            (126)

 

 

$  2,576

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(550)

 

(626)

 

(276)

 

(125)

 

(4)

 

(359)

 

115

 

 

(1,825)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(108)

 

(83)

 

(14)

 

(15)

 

(1)

 

(26)

 

(4)

 

 

(251)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

10

 

(16)

 

 

(12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

26

 

3

 

24

 

(8)

 

-

 

2

 

(35)

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

236

 

138

 

79

 

35

 

(4)

 

82

 

(66)

 

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(39)

 

(16)

 

(3)

 

(1)

 

(4)

 

(14)

 

(36)

 

 

(113)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(63)

 

(41)

 

(18)

 

7

 

9

 

(27)

 

58

 

 

(75)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

6

 

-

 

-

 

-

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(21)

 

-

 

(8)

 

-

 

-

 

-

 

-

 

 

(29)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        113

 

$            81

 

$             50

 

$            47

 

$             1

 

$            41

 

$             (44)

 

 

$     289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes impairment charge of $100 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.






 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 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

 

$       2,706

 

$    2,328

 

$         1,061

 

$           434

 

$            49

 

$         761

 

$               (360)

 

 

$     6,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,730)

 

(1,727)

 

(820)

 

(247)

 

(21)

 

(729)

 

308

 

 

(4,966)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(359)

 

(268)

 

(42)

 

(46)

 

(10)

 

(69)

 

(9)

 

 

(803)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(7)

 

(366)

(1)

(2)

 

 

(375)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

59

 

14

 

7

 

8

 

(1)

 

3

 

47

 

 

137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

676

 

347

 

206

 

149

 

10

 

(400)

 

(16)

 

 

972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(128)

 

(52)

 

(11)

 

-

 

(10)

 

(31)

 

(111)

 

 

(343)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(151)

 

(105)

 

(57)

 

(44)

 

47

 

171

 

91

 

 

(48)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

29

 

-

 

-

 

-

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(23)

 

-

 

(20)

 

-

 

-

 

-

 

(1)

 

 

(44)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$          374

 

$       190

 

$           118

 

$           134

 

$            47

 

$        (260)

 

$                 (37)

 

 

$        566

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 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

 

$       2,405

 

$    2,776

 

$           706

 

$           561

 

$            17

 

$      1,340

 

$               (373)

 

 

$     7,432

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(1,603)

 

(2,173)

 

(565)

 

(382)

 

(11)

 

(1,007)

 

319

 

 

(5,422)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(316)

 

(246)

 

(27)

 

(46)

 

(4)

 

(79)

 

(11)

 

 

(729)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

(6)

 

29

 

(27)

 

 

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

55

 

9

 

300

(4)

(2)

 

-

 

2

 

(1)

 

 

363

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

541

 

366

 

414

 

131

 

(4)

 

285

 

(93)

 

 

1,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

(108)

 

(52)

 

(5)

 

(8)

 

(9)

 

(37)

 

(110)

 

 

(329)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(154)

 

(106)

 

(30)

 

(24)

 

22

 

(97)

 

100

 

 

(289)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

23

 

22

 

-

 

-

 

-

 

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

(6)

 

-

 

(16)

 

-

 

-

 

-

 

1

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$          273

 

$       208

 

$           386

 

$           121

 

$              9

 

$         151

 

$               (102)

 

 

$     1,046

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes impairment charge of $400 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

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