San Diego Gas & Electric 8-K Results of Operations and Financial Condition

SEMPRA ENERGY
Table F (Unaudited)
Statement of Operations Data by Segment
Three Months Ended December 31, 2015
(Dollars in millions)		SDG&E	SoCalGas		Sempra South  American  Utilities	Sempra  Mexico	Sempra  Renewables	Sempra  Natural Gas	Consolidating Adjustments,  Parent & Other	Total
Revenues		$     1,051	$       1,041	(1)	$           393	$          161	$             6	$          141	$             (92)	$  2,701
Cost of sales and other expenses		(649)	(715)		(309)	(101)	(15)	(153)	61	(1,881)
Depreciation and amortization		(158)	(119)		(13)	(18)	(1)	(13)	(3)	(325)
Plant closure adjustment		5	-		-	-	-	-	-	5
Gain on sale of asset		-	-		-	-	8	-	-	8
Equity earnings (losses), before income tax		-	-		-	-	4	25	(4)	25
Other income, net		10	5		4	9	1	-	9	38
Income (loss) before interest and tax (2)		259	212		75	51	3	-	(29)	571
Net interest (expense) income (3)		(49)	(22)		(5)	(3)	1	-	(61)	(139)
Income tax (expense) benefit		(67)	(47)	(1)	(17)	(4)	12	1	57	(65)
Equity  earnings, net of income tax		-	-		-	21	-	-	-	21
Losses (earnings) attributable to noncontrolling interests		1	-		(7)	(12)	-	-	(1)	(19)
Earnings (losses)		$        144	$          143	(1)	$             46	$            53	$            16	$             1	$             (34)	$     369
Three Months Ended December 31, 2014
(Dollars in millions)		SDG&E	SoCalGas		Sempra South  American  Utilities	Sempra  Mexico	Sempra  Renewables	Sempra  Natural Gas	Consolidating Adjustments,  Parent & Other	Total
Revenues		$     1,046	$          998		$           387	$          197	$            10	$          231	$            (122)	$  2,747
Cost of sales and other expenses		(672)	(771)		(309)	(137)	(15)	(232)	89	(2,047)
Depreciation and amortization		(135)	(110)		(14)	(17)	(1)	(11)	(2)	(290)
Plant closure loss		(19)	-		-	-	-	-	-	(19)
Gain on sale of equity interest		-	-		-	-	14	-	-	14
Equity earnings (losses), before income tax		-	-		-	-	2	18	(1)	19
Other income (expense), net		11	7		15	(23)	-	-	9	19
Income (loss) before interest and tax (2)		231	124		79	20	10	6	(27)	443
Net interest (expense) income (3)		(50)	(19)		(5)	(2)	(1)	7	(59)	(129)
Income tax (expense) benefit		(53)	(29)		1	32	9	(2)	33	(9)
Equity earnings, net of income tax		-	-		-	16	-	-	-	16
(Earnings) losses attributable to noncontrolling interests		-	-		(12)	(13)	-	-	1	(24)
Earnings (losses)		$        128	$            76		$             63	$            53	$            18	$            11	$             (52)	$     297
(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
Year Ended December 31, 2015
(Dollars in millions)		SDG&E		SoCalGas	Sempra South  American Utilities	Sempra  Mexico	Sempra  Renewables	Sempra  Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues		$     4,219		$       3,489	$         1,544	$          669	$            36	$          653	$            (379)	$    10,231
Cost of sales and other expenses		(2,583)		(2,420)	(1,232)	(415)	(51)	(681)	311	(7,071)
Depreciation and amortization		(604)		(461)	(50)	(70)	(6)	(49)	(10)	(1,250)
Plant closure adjustment		26		-	-	-	-	-	-	26
Gain on sale of assets		-		-	1	-	8	61	-	70
Equity earnings (losses), before income tax		-		-	-	-	24	84	(4)	104
Other income, net		36		30	22	20	2	-	16	126
Income (loss) before interest and tax (1)		1,094		638	285	204	13	68	(66)	2,236
Net interest (expense) income (2)		(204)		(81)	(13)	(16)	1	3	(223)	(533)
Income tax (expense) benefit		(284)		(138)	(67)	(11)	49	(28)	138	(341)
Equity (losses) earnings, net of income tax		-		-	(4)	89	-	-	-	85
(Earnings) losses attributable to noncontrolling interests		(19)		-	(26)	(53)	-	1	(1)	(98)
Earnings (losses)		$        587		$          419	$           175	$          213	$            63	$            44	$            (152)	$      1,349
Year Ended December 31, 2014
(Dollars in millions)		SDG&E		SoCalGas	Sempra South  American  Utilities	Sempra  Mexico	Sempra  Renewables	Sempra  Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues		$     4,329		$       3,855	$         1,534	$          818	$            35	$          979	$            (515)	$    11,035
Cost of sales and other expenses		(2,834)		(2,903)	(1,225)	(562)	(51)	(955)	433	(8,097)
Depreciation and amortization		(530)		(431)	(55)	(64)	(5)	(61)	(10)	(1,156)
Plant closure loss		(6)	(3)	-	-	-	-	-	-	(6)
Gain on sale of equity interests and assets		-		-	2	19	41	-	-	62
Equity earnings (losses), before income tax		-		-	-	-	20	62	(1)	81
Other income, net		40		20	30	4	1	2	40	137
Income (loss) before interest and tax (1)		999		541	286	215	41	27	(53)	2,056
Net interest (expense) income(2)		(202)		(70)	(19)	(13)	(4)	4	(229)	(533)
Income tax (expense) benefit		(270)		(139)	(58)	(5)	44	20	108	(300)
Equity (losses) earnings, net of income tax		-		-	(4)	42	-	-	-	38
(Earnings) losses attributable to noncontrolling interests		(20)		-	(33)	(47)	-	(1)	1	(100)
Earnings (losses)		$        507		$          332	$           172	$          192	$            81	$            50	$            (173)	$      1,161
(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 of subsidiary.
(3)	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 $21 million charge to earnings.