| SEMPRA ENERGY | |||
| Table A | |||
| CONSOLIDATED INCOME STATEMENT (Unaudited) | |||
| Three Months Ended | |||
| March 31 | |||
| In Millions of Dollars, Except Per Share Amounts | 2002 | 2001 | |
| Operating Revenues | |||
| California utility revenues | |||
| Natural gas | $ 868 | $ 1,881 | |
| Electric | 278 | 791 | |
| Other operating revenues | 379 | 570 | |
| Total | 1,525 | 3,242 | |
| Operating Expenses | |||
| Cost of natural gas distributed | 424 | 1,391 | |
| Electric fuel and net purchased power | 61 | 572 | |
| Other operating expenses | 597 | 707 | |
| Depreciation and amortization | 148 | 142 | |
| Franchise payments and other taxes | 44 | 58 | |
| Total | 1,274 | 2,870 | |
| Operating Income | 251 | 372 | |
| Other income | 35 | 35 | |
| Preferred dividends / distributions by subsidiaries | (7) | (7) | |
| Earnings before Interest and Taxes (EBIT) | 279 | 400 | |
| Interest expense | 74 | 90 | |
| Earnings before Income Taxes | 205 | 310 | |
| Income taxes | 59 | 132 | |
| Net Income | $ 146 | $ 178 | |
| Weighted Average Shares Outstanding (Basic)* | 204,853 | 202,285 | |
| Weighted Average Shares Outstanding (Diluted)* | 206,416 | 203,033 | |
| Net Income Per Share of Common Stock (Basic) | $ 0.71 | $ 0.88 | |
| Net Income Per Share of Common Stock (Diluted) | $ 0.71 | $ 0.88 | |
| Dividends Declared Per Common Share | $ 0.25 | $ 0.25 | |
| *In thousands of shares | |||
