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SEMPRA ENERGY | | | | | | | | | | | | | | | | | |
Table F (Unaudited) | | | | | | | | | | | | | | | | | |
STATEMENTS OF OPERATIONS DATA BY SEGMENT | | | | | | | | | | | | | | | | | |
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Three months ended June 30, 2020 | | | | | | | | | | | | | | | | | |
(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 | | $ | 1,235 | | | $ | 1,010 | | | $ | — | | | $ | 275 | | | $ | — | | | $ | 69 | | | $ | (63) | | | | $ | 2,526 | |
Cost of sales and other expenses | | (690) | | | (611) | | | 1 | | | (111) | | | — | | | (74) | | | 24 | | | | (1,461) | |
Depreciation and amortization | | (197) | | | (162) | | | — | | | (47) | | | — | | | (3) | | | (3) | | | | (412) | |
Other income (expense), net | | 18 | | | (2) | | | — | | | 36 | | | — | | | — | | | 10 | | | | 62 | |
Income (loss) before interest and tax(1) | | 366 | | | 235 | | | 1 | | | 153 | | | — | | | (8) | | | (32) | | | | 715 | |
Net interest (expense) income | | (103) | | | (39) | | | — | | | (17) | | | — | | | 3 | | | (96) | | | | (252) | |
Income tax (expense) benefit | | (70) | | | (49) | | | — | | | (54) | | | — | | | (18) | | | 23 | | | | (168) | |
Equity earnings, net | | — | | | — | | | 143 | | | 6 | | | — | | | 84 | | | — | | | | 233 | |
(Earnings) losses attributable to noncontrolling interests | | — | | | — | | | — | | | (27) | | | — | | | — | | | 1 | | | | (26) | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (37) | | | | (38) | |
Earnings (losses) from continuing operations | | $ | 193 | | | $ | 146 | | | $ | 144 | | | $ | 61 | | | $ | — | | | $ | 61 | | | $ | (141) | | | | 464 | |
Earnings from discontinued operations(2) | | | | | | | | | | | | | | | | | 1,775 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 2,239 | |
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Three months ended June 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 | | $ | 1,094 | | | $ | 806 | | | $ | — | | | $ | 318 | | | $ | 3 | | | $ | 86 | | | $ | (77) | | | | $ | 2,230 | |
Cost of sales and other expenses | | (642) | | | (599) | | | — | | | (130) | | | (9) | | | (88) | | | 56 | | | | (1,412) | |
Depreciation and amortization | | (189) | | | (148) | | | — | | | (46) | | | — | | | (3) | | | (3) | | | | (389) | |
Gain on sale of assets | | — | | | — | | | — | | | — | | | 61 | | | — | | | 5 | | | | 66 | |
Other income (expense), net | | 19 | | | 1 | | | — | | | 17 | | | — | | | — | | | (9) | | | | 28 | |
Income (loss) before interest and tax(1) | | 282 | | | 60 | | | — | | | 159 | | | 55 | | | (5) | | | (28) | | | | 523 | |
Net interest (expense) income | | (101) | | | (33) | | | — | | | (10) | | | 1 | | | 13 | | | (107) | | | | (237) | |
Income tax (expense) benefit | | (35) | | | 4 | | | — | | | (44) | | | (14) | | | (2) | | | 44 | | | | (47) | |
Equity earnings (losses), net | | — | | | — | | | 113 | | | 4 | | | 2 | | | — | | | (1) | | | | 118 | |
(Earnings) losses attributable to noncontrolling interests | | (3) | | | — | | | — | | | (36) | | | 2 | | | — | | | — | | | | (37) | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (35) | | | | (36) | |
Earnings (losses) from continuing operations | | $ | 143 | | | $ | 30 | | | $ | 113 | | | $ | 73 | | | $ | 46 | | | $ | 6 | | | $ | (127) | | | | 284 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 70 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 354 | |
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(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 $1,754 million gain on the sale of our South American businesses in the second quarter of 2020.
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SEMPRA ENERGY | | | | | | | | | | | | | | | | | |
Table F (Unaudited) | | | | | | | | | | | | | | | | | |
STATEMENTS OF OPERATIONS DATA BY SEGMENT | | | | | | | | | | | | | | | | | |
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Six months ended June 30, 2020 | | | | | | | | | | | | | | | | | |
(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 | | $ | 2,504 | | | $ | 2,405 | | | $ | — | | | $ | 584 | | | $ | — | | | $ | 192 | | | $ | (130) | | | | $ | 5,555 | |
Cost of sales and other expenses | | (1,369) | | | (1,483) | | | — | | | (248) | | | — | | | (161) | | | 87 | | | | (3,174) | |
Depreciation and amortization | | (398) | | | (321) | | | — | | | (94) | | | — | | | (5) | | | (6) | | | | (824) | |
Other income (expense), net | | 49 | | | 28 | | | — | | | (247) | | | — | | | — | | | (22) | | | | (192) | |
Income (loss) before interest and tax(1) | | 786 | | | 629 | | | — | | | (5) | | | — | | | 26 | | | (71) | | | | 1,365 | |
Net interest (expense) income | | (203) | | | (78) | | | — | | | (31) | | | — | | | 9 | | | (202) | | | | (505) | |
Income tax (expense) benefit | | (128) | | | (101) | | | — | | | 253 | | | — | | | (41) | | | 56 | | | | 39 | |
Equity earnings (losses), net | | — | | | — | | | 249 | | | 206 | | | — | | | 141 | | | (100) | | | | 496 | |
(Earnings) losses attributable to noncontrolling interests | | — | | | — | | | — | | | (171) | | | — | | | 1 | | | 1 | | | | (169) | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (73) | | | | (74) | |
Earnings (losses) from continuing operations | | $ | 455 | | | $ | 449 | | | $ | 249 | | | $ | 252 | | | $ | — | | | $ | 136 | | | $ | (389) | | | | 1,152 | |
Earnings from discontinued operations(2) | | | | | | | | | | | | | | | | | 1,847 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 2,999 | |
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Six months ended June 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 | | $ | 2,239 | | | $ | 2,167 | | | $ | — | | | $ | 701 | | | $ | 10 | | | $ | 227 | | | $ | (216) | | | | $ | 5,128 | |
Cost of sales and other expenses | | (1,339) | | | (1,512) | | | — | | | (322) | | | (20) | | | (230) | | | 154 | | | | (3,269) | |
Depreciation and amortization | | (375) | | | (295) | | | — | | | (90) | | | — | | | (5) | | | (7) | | | | (772) | |
Gain on sale of assets | | — | | | — | | | — | | | — | | | 61 | | | — | | | 5 | | | | 66 | |
Other income, net | | 41 | | | 17 | | | — | | | 36 | | | — | | | — | | | 16 | | | | 110 | |
Income (loss) before interest and tax(1) | | 566 | | | 377 | | | — | | | 325 | | | 51 | | | (8) | | | (48) | | | | 1,263 | |
Net interest (expense) income | | (203) | | | (67) | | | — | | | (21) | | | 8 | | | 23 | | | (216) | | | | (476) | |
Income tax (expense) benefit | | (40) | | | (15) | | | — | | | (116) | | | (4) | | | (6) | | | 92 | | | | (89) | |
Equity earnings (losses), net | | — | | | — | | | 207 | | | 6 | | | 5 | | | 2 | | | (1) | | | | 219 | |
Earnings attributable to noncontrolling interests | | (4) | | | — | | | — | | | (64) | | | (1) | | | — | | | — | | | | (69) | |
Preferred dividends | | — | | | (1) | | | — | | | — | | | — | | | — | | | (71) | | | | (72) | |
Earnings (losses) from continuing operations | | $ | 319 | | | $ | 294 | | | $ | 207 | | | $ | 130 | | | $ | 59 | | | $ | 11 | | | $ | (244) | | | | 776 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | | 19 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | | $ | 795 | |
(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 $1,754 million gain on the sale of our South American businesses in the second quarter of 2020.