Sempra (SRE) 8-K Results of Operations and Financial Condition

		SEMPRA ENERGY
		Table F (Unaudited)
Statement of Operations Data by Segment
Three Months Ended June 30, 2015
(Dollars in millions)			SDG&E	SoCalGas		Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$          972	$       780	(1)	$            389	$           152	$            10	$         155	$                 (91)	$     2,367
Cost of sales and other expenses			(596)	(573)		(311)	(90)	(12)	(156)	77	(1,661)
Depreciation and amortization			(149)	(113)		(12)	(17)	(1)	(12)	(3)	(307)
Gain on sale of assets			-	-		1	-	-	61	-	62
Equity earnings, before income tax			-	-		-	-	10	17	-	27
Other income, net			9	9		6	6	1	-	6	37
Income (loss) before interest and tax(2)			236	103		73	51	8	65	(11)	525
Net interest (expense) income(3)			(52)	(17)		(3)	(4)	-	2	(56)	(130)
Income tax (expense) benefit			(54)	(16)	(1)	(18)	(5)	11	(27)	11	(98)
Equity earnings, net of income tax			-	-		-	22	-	-	-	22
(Earnings) losses attributable to noncontrolling interests			(4)	-		(7)	(14)	-	-	1	(24)
Earnings (losses)			$          126	$         70	(1)	$              45	$            50	$            19	$           40	$                 (55)	$        295
Three Months Ended June 30, 2014
(Dollars in millions)			SDG&E	SoCalGas		Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$        1,063	$       917		$            390	$           186	$              9	$         236	$               (123)	$     2,678
Cost of sales and other expenses			(690)	(688)		(310)	(134)	(11)	(225)	103	(1,955)
Depreciation and amortization			(131)	(107)		(13)	(15)	(2)	(16)	(4)	(288)
Gain on sale of asset			-	-		2	-	-	-	-	2
Equity earnings, before income tax			-	-		-	-	9	14	-	23
Other income, net			7	3		4	12	1	-	22	49
Income (loss) before interest and tax(2)			249	125		73	49	6	9	(2)	509
Net interest expense(3)			(51)	(17)		(6)	(3)	(1)	(1)	(55)	(134)
Income tax (expense) benefit			(69)	(28)		(18)	(12)	13	(3)	24	(93)
Equity earnings, net of income tax			-	-		-	9	-	-	-	9
(Earnings) losses attributable to noncontrolling interests			(6)	-		(7)	(9)	-	(1)	1	(22)
Earnings (losses)			$          123	$         80		$              42	$            34	$            18	$             4	$                 (32)	$        269
(1)	Reflects the impact of seasonalization at Southern California Gas as discussed on Table D.
(2)	Management believes Income (Loss) Before Interest and 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)	Includes interest income, interest expense and preferred dividends of subsidiary.

		SEMPRA ENERGY
		Table F (Unaudited)
Statement of Operations Data by Segment
Six Months Ended June 30, 2015
(Dollars in millions)			SDG&E		SoCalGas		Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$       1,938		$    1,828	(1)	$            778	$           315	$            18	$         352	$               (180)	$     5,049
Cost of sales and other expenses			(1,156)		(1,188)		(625)	(192)	(23)	(352)	150	(3,386)
Depreciation and amortization			(294)		(226)		(25)	(34)	(3)	(24)	(4)	(610)
Plant closure adjustment			21		-		-	-	-	-	-	21
Gain on sale of assets			-		-		1	-	-	61	-	62
Equity earnings, before income tax			-		-		-	-	12	34	-	46
Other income, net			18		17		9	15	1	-	16	76
Income (loss) before interest and tax(2)			527		431		138	104	5	71	(18)	1,258
Net interest expense(3)			(104)		(36)		(4)	(7)	(1)	-	(105)	(257)
Income tax (expense) benefit			(142)		(111)	(1)	(34)	(13)	28	(29)	40	(261)
Equity (losses) earnings, net of income tax			-		-		(1)	38	-	-	-	37
(Earnings) losses attributable to noncontrolling interests			(8)		-		(13)	(25)	-	-	1	(45)
Earnings (losses)			$          273		$       284	(1)	$              86	$            97	$            32	$          42	$                 (82)	$        732
Six Months Ended June 30, 2014
(Dollars in millions)			SDG&E		SoCalGas		Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$       2,050		$    2,002		$            768	$           387	$            15	$         496	$               (245)	$     5,473
Cost of sales and other expenses			(1,339)		(1,539)		(611)	(269)	(23)	(468)	207	(4,042)
Depreciation and amortization			(261)		(212)		(27)	(31)	(3)	(33)	(7)	(574)
Plant closure adjustment			13	(4)	-		-	-	-	-	-	13
Gain on sale of equity interest and asset			-		-		2	-	27	-	-	29
Equity earnings, before income tax			-		-		-	-	11	29	-	40
Other income, net			20		7		5	22	1	1	33	89
Income (loss) before interest and tax(2)			483		258		137	109	28	25	(12)	1,028
Net interest expense(3)			(101)		(34)		(11)	(7)	(1)	(2)	(110)	(266)
Income tax (expense) benefit			(152)		(66)		(33)	(24)	19	(9)	45	(220)
Equity (losses) earnings, net of income tax			-		-		(2)	17	-	-	-	15
(Earnings) losses attributable to noncontrolling interests			(8)		-		(14)	(19)	-	(1)	1	(41)
Earnings (losses)			$          222		$       158		$              77	$            76	$            46	$          13	$                 (76)	$        516
(1)	Reflects the impact of seasonalization at Southern California Gas as discussed on Table D.
(2)	Management believes Income (Loss) Before Interest and 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)	Includes interest income, interest expense and preferred dividends of subsidiary.
(4)	After taxes, including a $17 million charge to reduce certain tax regulatory assets attributed to SONGS, the adjustment to loss from plant closure is a $9 million charge to earnings.