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SEMPRA ENERGY |
Table F |
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STATEMENT OF OPERATIONS DATA BY SEGMENT |
(Dollars in millions) |
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Year ended December 31, 2020 | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra LNG | | Sempra Renewables | | Consolidating Adjustments, Parent & Other | | | Total |
Revenues | $ | 5,313 | | | $ | 4,748 | | | $ | — | | | $ | 1,256 | | | $ | 374 | | | $ | — | | | $ | (321) | | | | $ | 11,370 | |
Cost of sales and other expenses | (3,139) | | | (3,309) | | | — | | | (581) | | | (384) | | | — | | | 234 | | | | (7,179) | |
Depreciation and amortization | (801) | | | (654) | | | — | | | (189) | | | (9) | | | — | | | (13) | | | | (1,666) | |
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Loss on sale of assets | — | | | — | | | — | | | — | | | — | | | — | | | (3) | | | | (3) | |
Other income (expense), net | 52 | | | (28) | | | — | | | (77) | | | — | | | — | | | 5 | | | | (48) | |
Income (loss) before interest and tax(1) | 1,425 | | | 757 | | | — | | | 409 | | | (19) | | | — | | | (98) | | | | 2,474 | |
Net interest (expense) income | (411) | | | (156) | | | — | | | (72) | | | 38 | | | — | | | (384) | | | | (985) | |
Income tax (expense) benefit | (190) | | | (96) | | | (1) | | | (57) | | | (92) | | | — | | | 187 | | | | (249) | |
Equity earnings (losses), net | — | | | — | | | 580 | | | 144 | | | 391 | | | — | | | (100) | | | | 1,015 | |
(Earnings) losses attributable to noncontrolling interests | — | | | — | | | — | | | (165) | | | 2 | | | — | | | 1 | | | | (162) | |
Preferred dividends | — | | | (1) | | | — | | | — | | | — | | | — | | | (168) | | | | (169) | |
Earnings (losses) from continuing operations | $ | 824 | | | $ | 504 | | | $ | 579 | | | $ | 259 | | | $ | 320 | | | $ | — | | | $ | (562) | | | | 1,924 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | 1,840 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | $ | 3,764 | |
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Year ended December 31, 2019 | SDG&E | | SoCalGas | | Sempra Texas Utilities | | Sempra Mexico | | Sempra LNG | | Sempra Renewables | | Consolidating Adjustments, Parent & Other | | | Total |
Revenues | $ | 4,925 | | | $ | 4,525 | | | $ | — | | | $ | 1,375 | | | $ | 410 | | | $ | 10 | | | $ | (416) | | | | $ | 10,829 | |
Cost of sales and other expenses | (2,846) | | | (2,930) | | | — | | | (649) | | | (462) | | | (20) | | | 274 | | | | (6,633) | |
Depreciation and amortization | (760) | | | (602) | | | — | | | (183) | | | (10) | | | — | | | (14) | | | | (1,569) | |
Impairment losses | (6) | | | (37) | | | — | | | — | | | — | | | — | | | — | | | | (43) | |
Gain on sale of assets | — | | | — | | | — | | | — | | | — | | | 61 | | | 2 | | | | 63 | |
Other income (expense), net | 39 | | | (55) | | | — | | | 76 | | | — | | | — | | | 17 | | | | 77 | |
Income (loss) before interest and tax(1) | 1,352 | | | 901 | | | — | | | 619 | | | (62) | | | 51 | | | (137) | | | | 2,724 | |
Net interest (expense) income | (407) | | | (139) | | | — | | | (41) | | | 26 | | | 8 | | | (437) | | | | (990) | |
Income tax (expense) benefit | (171) | | | (120) | | | — | | | (227) | | | 5 | | | (4) | | | 202 | | | | (315) | |
Equity earnings (losses), net | — | | | — | | | 528 | | | 24 | | | 24 | | | 5 | | | (1) | | | | 580 | |
(Earnings) losses attributable to noncontrolling interests | (7) | | | — | | | — | | | (122) | | | 1 | | | (1) | | | — | | | | (129) | |
Preferred dividends | — | | | (1) | | | — | | | — | | | — | | | — | | | (142) | | | | (143) | |
Earnings (losses) from continuing operations | $ | 767 | | | $ | 641 | | | $ | 528 | | | $ | 253 | | | $ | (6) | | | $ | 59 | | | $ | (515) | | | | 1,727 | |
Earnings from discontinued operations | | | | | | | | | | | | | | | | 328 | |
Earnings attributable to common shares | | | | | | | | | | | | | | | | $ | 2,055 | |
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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. |