| SEMPRA ENERGY | |||||||||||||||||||||||||||||||||||||
| Table F (Unaudited) | |||||||||||||||||||||||||||||||||||||
| STATEMENTS OF OPERATIONS DATA BY SEGMENT | |||||||||||||||||||||||||||||||||||||
| Three months ended June 30, 2018 | |||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra Texas Utility | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | ||||||||||||||||||||||||||||
| Revenues | $ | 1,051 | $ | 772 | $ | — | $ | 389 | $ | 310 | $ | 40 | $ | 79 | $ | (77 | ) | $ | 2,564 | ||||||||||||||||||
| Cost of sales and other expenses | (667 | ) | (565 | ) | — | (301 | ) | (123 | ) | (23 | ) | (91 | ) | 59 | (1,711 | ) | |||||||||||||||||||||
| Depreciation and amortization | (169 | ) | (138 | ) | — | (15 | ) | (43 | ) | (14 | ) | (11 | ) | (2 | ) | (392 | ) | ||||||||||||||||||||
| Impairment losses | — | — | — | — | — | — | (1,300 | ) | — | (1,300 | ) | ||||||||||||||||||||||||||
| Other income (expense), net | 25 | 13 | — | 2 | (95 | ) | — | — | 1 | (54 | ) | ||||||||||||||||||||||||||
Income (loss) before interest and tax(1) | 240 | 82 | — | 75 | 49 | 3 | (1,323 | ) | (19 | ) | (893 | ) | |||||||||||||||||||||||||
Net interest (expense) income(2) | (52 | ) | (26 | ) | — | (3 | ) | (14 | ) | (3 | ) | 6 | (150 | ) | (242 | ) | |||||||||||||||||||||
| Income tax (expense) benefit | (42 | ) | (23 | ) | — | (21 | ) | 55 | 58 | 506 | 50 | 583 | |||||||||||||||||||||||||
| Equity earnings (losses), net | — | — | 114 | — | 71 | (187 | ) | 1 | (3 | ) | (4 | ) | |||||||||||||||||||||||||
| (Earnings) losses attributable to noncontrolling interests | — | — | — | (7 | ) | (64 | ) | 20 | 46 | — | (5 | ) | |||||||||||||||||||||||||
| Earnings (losses) | $ | 146 | $ | 33 | $ | 114 | $ | 44 | $ | 97 | $ | (109 | ) | $ | (764 | ) | $ | (122 | ) | $ | (561 | ) | |||||||||||||||
| Three months ended June 30, 2017 | |||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra Texas Utility | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | ||||||||||||||||||||||||||||
| Revenues | $ | 1,058 | $ | 770 | $ | — | $ | 381 | $ | 273 | $ | 26 | $ | 122 | $ | (97 | ) | $ | 2,533 | ||||||||||||||||||
Cost of sales and other expenses(3) | (655 | ) | (564 | ) | — | (294 | ) | (130 | ) | (20 | ) | (71 | ) | 80 | (1,654 | ) | |||||||||||||||||||||
| Depreciation and amortization | (166 | ) | (126 | ) | — | (13 | ) | (37 | ) | (10 | ) | (11 | ) | (5 | ) | (368 | ) | ||||||||||||||||||||
| Impairment losses | — | — | — | — | (71 | ) | — | — | — | (71 | ) | ||||||||||||||||||||||||||
Other income, net(3) | 19 | 24 | — | 2 | 60 | 1 | — | 2 | 108 | ||||||||||||||||||||||||||||
Income (loss) before interest and tax(1)(4) | 256 | 104 | — | 76 | 95 | (3 | ) | 40 | (20 | ) | 548 | ||||||||||||||||||||||||||
Net interest (expense) income(2) | (49 | ) | (27 | ) | — | (5 | ) | (17 | ) | (2 | ) | 3 | (55 | ) | (152 | ) | |||||||||||||||||||||
| Income tax (expense) benefit | (54 | ) | (19 | ) | — | (20 | ) | (102 | ) | 5 | (18 | ) | 41 | (167 | ) | ||||||||||||||||||||||
Equity earnings, net(4) | — | — | — | — | — | 16 | 2 | — | 18 | ||||||||||||||||||||||||||||
| (Earnings) losses attributable to noncontrolling interests | (4 | ) | — | — | (6 | ) | 15 | 7 | — | — | 12 | ||||||||||||||||||||||||||
| Earnings (losses) | $ | 149 | $ | 58 | $ | — | $ | 45 | $ | (9 | ) | $ | 23 | $ | 27 | $ | (34 | ) | $ | 259 | |||||||||||||||||
(1) | 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. |
(2) | Includes interest income, interest expense and preferred dividends. |
(3) | As adjusted for the retrospective adoption of ASU 2017-07. |
(4) | As adjusted for a reclassification to conform to current year presentation. |
| SEMPRA ENERGY | |||||||||||||||||||||||||||||||||||||
| Table F (Unaudited) | |||||||||||||||||||||||||||||||||||||
| STATEMENTS OF OPERATIONS DATA BY SEGMENT | |||||||||||||||||||||||||||||||||||||
| Six months ended June 30, 2018 | |||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra Texas Utility | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | ||||||||||||||||||||||||||||
| Revenues | $ | 2,106 | $ | 1,898 | $ | — | $ | 815 | $ | 618 | $ | 65 | $ | 183 | $ | (159 | ) | $ | 5,526 | ||||||||||||||||||
| Cost of sales and other expenses | (1,308 | ) | (1,278 | ) | — | (638 | ) | (252 | ) | (44 | ) | (193 | ) | 123 | (3,590 | ) | |||||||||||||||||||||
| Depreciation and amortization | (335 | ) | (273 | ) | — | (29 | ) | (86 | ) | (27 | ) | (22 | ) | (6 | ) | (778 | ) | ||||||||||||||||||||
| Impairment losses | — | — | — | — | — | — | (1,300 | ) | — | (1,300 | ) | ||||||||||||||||||||||||||
| Other income (expense), net | 53 | 46 | — | 3 | (2 | ) | — | — | (1 | ) | 99 | ||||||||||||||||||||||||||
Income (loss) before interest and tax(1) | 516 | 393 | — | 151 | 278 | (6 | ) | (1,332 | ) | (43 | ) | (43 | ) | ||||||||||||||||||||||||
Net interest (expense) income(2) | (103 | ) | (53 | ) | — | (7 | ) | (29 | ) | (6 | ) | 11 | (266 | ) | (453 | ) | |||||||||||||||||||||
| Income tax (expense) benefit | (98 | ) | (82 | ) | — | (41 | ) | (100 | ) | 65 | 494 | 56 | 294 | ||||||||||||||||||||||||
| Equity earnings (losses), net | — | — | 129 | 1 | 30 | (182 | ) | 1 | (3 | ) | (24 | ) | |||||||||||||||||||||||||
| Losses (earnings) attributable to noncontrolling interests | 1 | — | — | (14 | ) | (62 | ) | 41 | 46 | — | 12 | ||||||||||||||||||||||||||
| Earnings (losses) | $ | 316 | $ | 258 | $ | 129 | $ | 90 | $ | 117 | $ | (88 | ) | $ | (780 | ) | $ | (256 | ) | $ | (214 | ) | |||||||||||||||
| Six months ended June 30, 2017 | |||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra Texas Utility | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | ||||||||||||||||||||||||||||
| Revenues | $ | 2,115 | $ | 2,011 | $ | — | $ | 793 | $ | 537 | $ | 48 | $ | 254 | $ | (194 | ) | $ | 5,564 | ||||||||||||||||||
Cost of sales and other expenses(3) | (1,275 | ) | (1,367 | ) | — | (620 | ) | (251 | ) | (35 | ) | (199 | ) | 163 | (3,584 | ) | |||||||||||||||||||||
| Depreciation and amortization | (329 | ) | (252 | ) | — | (26 | ) | (73 | ) | (19 | ) | (21 | ) | (8 | ) | (728 | ) | ||||||||||||||||||||
| Impairment losses | — | — | — | — | (71 | ) | — | — | — | (71 | ) | ||||||||||||||||||||||||||
Other income (expense), net(3) | 41 | 38 | — | 5 | 187 | 1 | 1 | 9 | 282 | ||||||||||||||||||||||||||||
Income (loss) before interest and tax(1)(4) | 552 | 430 | — | 152 | 329 | (5 | ) | 35 | (30 | ) | 1,463 | ||||||||||||||||||||||||||
Net interest (expense) income(2) | (98 | ) | (52 | ) | — | (9 | ) | (47 | ) | (5 | ) | 9 | (113 | ) | (315 | ) | |||||||||||||||||||||
| Income tax (expense) benefit | (144 | ) | (117 | ) | — | (39 | ) | (244 | ) | 16 | (19 | ) | 85 | (462 | ) | ||||||||||||||||||||||
Equity earnings (losses), net(4) | — | — | — | 1 | (9 | ) | 18 | 3 | — | 13 | |||||||||||||||||||||||||||
| (Earnings) losses attributable to noncontrolling interests | (6 | ) | — | — | (13 | ) | 10 | 10 | — | — | 1 | ||||||||||||||||||||||||||
| Earnings (losses) | $ | 304 | $ | 261 | $ | — | $ | 92 | $ | 39 | $ | 34 | $ | 28 | $ | (58 | ) | $ | 700 | ||||||||||||||||||
(1) | 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. |
(2) | Includes interest income, interest expense and preferred dividends. |
(3) | As adjusted for the retrospective adoption of ASU 2017-07. |
(4) | As adjusted for a reclassification to conform to current year presentation. |
