| | | | | | | | | | | | | | | | | |
SEMPRA ENERGY |
Table F (Unaudited) |
| | | | | | | | | | | | | | | | | |
Statement of Operations Data by Segment |
| | | | | | | | | | | | | | | | | |
Three Months Ended September 30, 2013 |
| | | | | | | | | | | | | | | | | |
(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 | | $ 807 | | $ 364 | | $ 188 | | $ 25 | | $ 212 | | $ (108) | | | $ 2,551 |
| | | | | | | | | | | | | | | | | |
Cost of Sales and Other Expenses | | (674) | | (552) | | (286) | | (117) | | (10) | | (211) | | 91 | | | (1,759) |
| | | | | | | | | | | | | | | | | |
Gain (Loss) on Sale of Assets | | - | | - | | - | | - | | 40 | | - | | (1) | | | 39 |
| | | | | | | | | | | | | | | | | |
Depreciation & Amortization | | (126) | | (100) | | (14) | | (16) | | (5) | | (20) | | (5) | | | (286) |
| | | | | | | | | | | | | | | | | |
Equity (Losses) Earnings Recorded Before Income Tax | | - | | - | | - | | - | | (10) | | 13 | | - | | | 3 |
| | | | | | | | | | | | | | | | | |
Other Income (Expense), Net | | 10 | | 2 | | 3 | | 1 | | 4 | | 3 | | (7) | | | 16 |
| | | | | | | | | | | | | | | | | |
Income (Loss) Before Interest & Tax(1) | | 273 | | 157 | | 67 | | 56 | | 44 | | (3) | | (30) | | | 564 |
| | | | | | | | | | | | | | | | | |
Net Interest (Expense) Income(2) | | (55) | | (17) | | (5) | | - | | 2 | | (8) | | (54) | | | (137) |
| | | | | | | | | | | | | | | | | |
Income Tax (Expense) Benefit | | (84) | | (38) | | (16) | | (16) | | (9) | | 4 | | 42 | | | (117) |
| | | | | | | | | | | | | | | | | |
Equity Earnings Recorded Net of Income Tax | | - | | - | | - | | 8 | | - | | - | | - | | | 8 |
| | | | | | | | | | | | | | | | | |
Earnings Attributable to Noncontrolling Interests | | (5) | | - | | (7) | | (9) | | - | | - | | (1) | | | (22) |
| | | | | | | | | | | | | | | | | |
Earnings (Losses) | | $ 129 | | $ 102 | | $ 39 | | $ 39 | | $ 37 | | $ (7) | | $ (43) | | | $ 296 |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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) | | (106) | | (11) | | (288) | | 159 | | | (1,727) |
| | | | | | | | | | | | | | | | | |
Depreciation & Amortization | | (128) | | (91) | | (15) | | (15) | | (4) | | (24) | | (3) | | | (280) |
| | | | | | | | | | | | | | | | | |
Equity Losses Recorded Before Income Tax | | - | | - | | - | | - | | (6) | | (87) | (3) | (1) | | | (94) |
| | | | | | | | | | | | | | | | | |
Other Income (Expense), Net | | 5 | | 6 | | 5 | | 6 | | (1) | | 3 | | 20 | | | 44 |
| | | | | | | | | | | | | | | | | |
Income (Loss) Before Interest & Tax(1) | | 275 | | 125 | | 77 | | 66 | | 5 | | (102) | | 4 | | | 450 |
| | | | | | | | | | | | | | | | | |
Net Interest Expense(2) | | (51) | | (17) | | (3) | | (3) | | (4) | | (11) | | (34) | | | (123) |
| | | | | | | | | | | | | | | | | |
Income Tax (Expense) Benefit | | (38) | | (37) | | (27) | | (31) | | 12 | | 45 | | 27 | | | (49) |
| | | | | | | | | | | | | | | | | |
Equity Earnings Recorded Net of Income Tax | | - | | - | | - | | 10 | | - | | - | | - | | | 10 |
| | | | | | | | | | | | | | | | | |
Earnings Attributable to Noncontrolling Interests | | (12) | | - | | (7) | | - | | - | | - | | (1) | | | (20) |
| | | | | | | | | | | | | | | | | |
Earnings (Losses) | | $ 174 | | $ 71 | | $ 40 | | $ 42 | | $ 13 | | $ (68) | | $ (4) | | | $ 268 |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
(1) 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. |
| | | | | | | | | | | | | | | | | |
(2)Net Interest Expense includes Interest Income, Interest Expense, Preferred Dividends of Subsidiaries and Call Premium on Preferred Stock. |
| | | | | | | | | | | | | | | | | |
(3) Includes impairment loss of $100 million related to our investment in Rockies Express Pipeline LLC. |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
SEMPRA ENERGY |
Table F (Unaudited) |
| | | | | | | | | | | | | | | | | |
Statement of Operations Data by Segment | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Nine Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
(Dollars in millions) | | SDG&E | | SoCalGas | | Sempra South American Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra Natural Gas | | Consolidating Adjustments, Parent & Other | | | Total |
| | | | | | | | | | | | | | | | | |
Revenues | | $ 3,066 | | $ 2,694 | | $ 1,119 | | $ 519 | | $ 76 | | $ 683 | | $ (305) | | | $ 7,852 |
| | | | | | | | | | | | | | | | | |
Cost of Sales and Other Expenses | | (1,943) | | (1,997) | | (877) | | (342) | | (37) | | (623) | | 262 | | | (5,557) |
| | | | | | | | | | | | | | | | | |
Loss From Plant Closure | | (200) | | - | | - | | - | | - | | - | | - | | | (200) |
| | | | | | | | | | | | | | | | | |
Gain (Loss) on Sale of Assets | | - | | - | | - | | - | | 40 | | 74 | | (1) | | | 113 |
| | | | | | | | | | | | | | | | | |
Depreciation & Amortization | | (367) | | (280) | | (44) | | (47) | | (20) | | (60) | | (10) | | | (828) |
| | | | | | | | | | | | | | | | | |
Equity (Losses) Earnings Recorded Before Income Tax | | - | | - | | - | | - | | (12) | | 33 | | - | | | 21 |
| | | | | | | | | | | | | | | | | |
Other Income, Net | | 30 | | 9 | | 6 | | 5 | | 9 | | 7 | | 13 | | | 79 |
| | | | | | | | | | | | | | | | | |
Income (Loss) Before Interest & Tax(1) | | 586 | | 426 | | 204 | | 135 | | 56 | | 114 | | (41) | | | 1,480 |
| | | | | | | | | | | | | | | | | |
Net Interest Expense(2) | | (153) | | (53) | | (9) | | (4) | | (8) | | (23) | | (156) | | | (406) |
| | | | | | | | | | | | | | | | | |
Income Tax (Expense) Benefit | | (147) | | (107) | | (50) | | (44) | | 8 | | (35) | | 48 | | | (327) |
| | | | | | | | | | | | | | | | | |
Equity (Losses) Earnings Recorded Net of Income Tax | | - | | - | | (14) | | 27 | | - | | - | | - | | | 13 |
| | | | | | | | | | | | | | | | | |
Earnings Attributable to Noncontrolling Interests | | (1) | | - | | (21) | | (18) | | - | | (1) | | - | | | (41) |
| | | | | | | | | | | | | | | | | |
Earnings (Losses) | | $ 285 | | $ 266 | | $ 110 | | $ 96 | | $ 56 | | $ 55 | | $ (149) | | | $ 719 |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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 | | $ 435 | | $ 49 | | $ 761 | | $ (361) | | | $ 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) | (3) | (2) | | | (375) |
| | | | | | | | | | | | | | | | | |
Other Income (Expense), Net | | 59 | | 14 | | 7 | | 17 | | (1) | | 3 | | 38 | | | 137 |
| | | | | | | | | | | | | | | | | |
Income (Loss) Before Interest & Tax(1) | | 676 | | 347 | | 206 | | 159 | | 10 | | (400) | | (26) | | | 972 |
| | | | | | | | | | | | | | | | | |
Net Interest Expense(2) | | (128) | | (52) | | (11) | | (5) | | (10) | | (31) | | (106) | | | (343) |
| | | | | | | | | | | | | | | | | |
Income Tax (Expense) Benefit | | (151) | | (105) | | (57) | | (61) | | 47 | | 171 | | 108 | | | (48) |
| | | | | | | | | | | | | | | | | |
Equity Earnings Recorded Net of Income Tax | | - | | - | | - | | 29 | | - | | - | | - | | | 29 |
| | | | | | | | | | | | | | | | | |
Earnings Attributable to Noncontrolling Interests | | (23) | | - | | (20) | | - | | - | | - | | (1) | | | (44) |
| | | | | | | | | | | | | | | | | |
Earnings (Losses) | | $ 374 | | $ 190 | | $ 118 | | $ 122 | | $ 47 | | $ (260) | | $ (25) | | | $ 566 |
| | | | | | | | | | | | | | | | | |
(1) 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. |
| | | | | | | | | | | | | | | | | |
(2)Net Interest Expense includes Interest Income, Interest Expense, Preferred Dividends of Subsidiaries and Call Premium on Preferred Stock. |
| | | | | | | | | | | | | | | | | |
(3)Includes impairment loss of $400 million related to our investment in Rockies Express Pipeline LLC. |