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SEMPRA ENERGY | | | | | | | | | | | | | | | | | |
Table F (Unaudited) | | | | | | | | | | | | | | | | | |
STATEMENTS OF OPERATIONS DATA BY SEGMENT | | | | | | | | | | | | | | | | | |
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Three months ended September 30, 2019 | | | | | | | | | | | | | | | | | |
(Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra LNG | | Consolidating Adjustments, Parent & Other | | | Total |
| | | | | | | | | | | | | | | | | |
Revenues | | $ | 1,427 | | | $ | 975 | | | $ | — | | | $ | 357 | | | $ | — | | | $ | 100 | | | $ | (101) | | | | $ | 2,758 | |
Cost of sales and other expenses | | (802) | | | (571) | | | — | | | (174) | | | — | | | (120) | | | 69 | | | | (1,598) | |
Depreciation and amortization | | (196) | | | (154) | | | — | | | (46) | | | — | | | (2) | | | (4) | | | | (402) | |
Impairment losses | | (6) | | | (37) | | | — | | | — | | | — | | | — | | | — | | | | (43) | |
Loss on sale of assets | | — | | | — | | | — | | | — | | | — | | | — | | | (3) | | | | (3) | |
Other income (expense), net | | 19 | | | 1 | | | — | | | (30) | | | — | | | — | | | 3 | | | | (7) | |
Income (loss) before interest and tax(1) | | 442 | | | 214 | | | — | | | 107 | | | — | | | (22) | | | (36) | | | | 705 | |
Net interest (expense) income | | (105) | | | (36) | | | — | | | (10) | | | — | | | 4 | | | (110) | | | | (257) | |
Income tax (expense) benefit | | (71) | | | (35) | | | — | | | — | | | — | | | 2 | | | 43 | | | | (61) | |
Equity earnings, net | | — | | | — | | | 212 | | | 37 | | | — | | | 17 | | | — | | | | 266 | |
(Earnings) losses attributable to noncontrolling interests | | (3) | | | — | | | — | | | (50) | | | — | | | 1 | | | — | | | | (52) | |
Preferred dividends | | — | | | — | | | — | | | — | | | — | | | — | | | (36) | | | | (36) | |
Earnings (losses) from continuing operations | | $ | 263 | | | $ | 143 | | | $ | 212 | | | $ | 84 | | | $ | — | | | $ | 2 | | | $ | (139) | | | | 565 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 248 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 813 | |
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Three months ended September 30, 2018(2) | | | | | | | | | | | | | | | | | |
(Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra LNG | | Consolidating Adjustments, Parent & Other | | | Total |
| | | | | | | | | | | | | | | | | |
Revenues | | $ | 1,299 | | | $ | 802 | | | $ | — | | | $ | 410 | | | $ | 38 | | | $ | 147 | | | $ | (131) | | | | $ | 2,565 | |
Cost of sales and other expenses | | (825) | | | (656) | | | — | | | (201) | | | (24) | | | (131) | | | 94 | | | | (1,743) | |
Depreciation and amortization | | (174) | | | (141) | | | — | | | (45) | | | — | | | (2) | | | (4) | | | | (366) | |
Impairment losses | | — | | | — | | | — | | | (4) | | | — | | | — | | | — | | | | (4) | |
Other income, net | | 24 | | | 3 | | | — | | | 66 | | | — | | | — | | | 3 | | | | 96 | |
Income (loss) before interest and tax(1) | | 324 | | | 8 | | | — | | | 226 | | | 14 | | | 14 | | | (38) | | | | 548 | |
Net interest (expense) income | | (55) | | | (29) | | | — | | | (13) | | | (3) | | | 7 | | | (110) | | | | (203) | |
Income tax (expense) benefit | | (53) | | | 7 | | | — | | | (126) | | | 2 | | | (6) | | | 37 | | | | (139) | |
Equity earnings (losses), net | | — | | | — | | | 154 | | | (28) | | | 12 | | | — | | | (64) | | | | 74 | |
(Earnings) losses attributable to noncontrolling interests | | (11) | | | — | | | — | | | (15) | | | 9 | | | 1 | | | — | | | | (16) | |
Preferred dividends | | — | | | — | | | — | | | — | | | — | | | — | | | (36) | | | | (36) | |
Earnings (losses) from continuing operations | | $ | 205 | | | $ | (14) | | | $ | 154 | | | $ | 44 | | | $ | 34 | | | $ | 16 | | | $ | (211) | | | | 228 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 46 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 274 | |
(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) Amounts have been retrospectively adjusted for discontinued operations.
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SEMPRA ENERGY | | | | | | | | | | | | | | | | | |
Table F (Unaudited) | | | | | | | | | | | | | | | | | |
STATEMENTS OF OPERATIONS DATA BY SEGMENT | | | | | | | | | | | | | | | | | |
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Nine months ended September 30, 2019 | | | | | | | | | | | | | | | | | |
(Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra LNG | | Consolidating Adjustments, Parent & Other | | | Total |
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Revenues | | $ | 3,666 | | | $ | 3,142 | | | $ | — | | | $ | 1,058 | | | $ | 10 | | | $ | 327 | | | $ | (317) | | | | $ | 7,886 | |
Cost of sales and other expenses | | (2,141) | | | (2,083) | | | — | | | (496) | | | (20) | | | (350) | | | 223 | | | | (4,867) | |
Depreciation and amortization | | (571) | | | (449) | | | — | | | (136) | | | — | | | (7) | | | (11) | | | | (1,174) | |
Impairment losses | | (6) | | | (37) | | | — | | | — | | | — | | | — | | | — | | | | (43) | |
Gain on sale of assets | | — | | | — | | | — | | | — | | | 61 | | | — | | | 2 | | | | 63 | |
Other income, net | | 60 | | | 18 | | | — | | | 6 | | | — | | | — | | | 19 | | | | 103 | |
Income (loss) before interest and tax(1) | | 1,008 | | | 591 | | | — | | | 432 | | | 51 | | | (30) | | | (84) | | | | 1,968 | |
Net interest (expense) income | | (308) | | | (103) | | | — | | | (31) | | | 8 | | | 27 | | | (326) | | | | (733) | |
Income tax (expense) benefit | | (111) | | | (50) | | | — | | | (116) | | | (4) | | | (4) | | | 135 | | | | (150) | |
Equity earnings (losses), net | | — | | | — | | | 419 | | | 43 | | | 5 | | | 19 | | | (1) | | | | 485 | |
(Earnings) losses attributable to noncontrolling interests | | (7) | | | — | | | — | | | (114) | | | (1) | | | 1 | | | — | | | | (121) | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (107) | | | | (108) | |
Earnings (losses) from continuing operations | | $ | 582 | | | $ | 437 | | | $ | 419 | | | $ | 214 | | | $ | 59 | | | $ | 13 | | | $ | (383) | | | | 1,341 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 267 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 1,608 | |
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Nine months ended September 30, 2018(2) | | | | | | | | | | | | | | | | | |
(Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra LNG | | Consolidating Adjustments, Parent & Other | | | Total |
| | | | | | | | | | | | | | | | | |
Revenues | | $ | 3,405 | | | $ | 2,700 | | | $ | — | | | $ | 1,028 | | | $ | 103 | | | $ | 330 | | | $ | (290) | | | | $ | 7,276 | |
Cost of sales and other expenses | | (2,133) | | | (1,934) | | | — | | | (453) | | | (68) | | | (324) | | | 208 | | | | (4,704) | |
Depreciation and amortization | | (509) | | | (414) | | | — | | | (131) | | | (27) | | | (24) | | | (10) | | | | (1,115) | |
Impairment losses | | — | | | — | | | — | | | (4) | | | — | | | (1,300) | | | — | | | | (1,304) | |
Other income, net | | 77 | | | 49 | | | — | | | 64 | | | — | | | — | | | 2 | | | | 192 | |
Income (loss) before interest and tax(1) | | 840 | | | 401 | | | — | | | 504 | | | 8 | | | (1,318) | | | (90) | | | | 345 | |
Net interest (expense) income | | (158) | | | (81) | | | — | | | (42) | | | (9) | | | 18 | | | (318) | | | | (590) | |
Income tax (expense) benefit | | (151) | | | (75) | | | — | | | (226) | | | 67 | | | 488 | | | 118 | | | | 221 | |
Equity earnings (losses), net | | — | | | — | | | 283 | | | 2 | | | (170) | | | 1 | | | (67) | | | | 49 | |
(Earnings) losses attributable to noncontrolling interests | | (10) | | | — | | | — | | | (77) | | | 50 | | | 47 | | | — | | | | 10 | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (89) | | | | (90) | |
Earnings (losses) from continuing operations | | $ | 521 | | | $ | 244 | | | $ | 283 | | | $ | 161 | | | $ | (54) | | | $ | (764) | | | $ | (446) | | | | (55) | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 115 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 60 | |
(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) Amounts have been retrospectively adjusted for discontinued operations.