Exhibit 99.2
SEMPRA ENERGY |
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Table F (Unaudited) |
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Income Statement Data by Business Unit |
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Three Months Ended September 30, 2008 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Commodities |
| Generation |
| Pipelines & Storage |
| LNG |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 949 |
| $ 1,077 |
| $ 13 |
| $ 498 |
| $ 127 |
| $ 49 |
| $ (21) |
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| $ 2,692 |
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Cost of Sales and Other Expenses |
| (689) |
| (879) |
| (15) |
| (349) |
| (112) |
| (31) |
| (11) |
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| (2,086) |
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Depreciation & Amortization |
| (68) |
| (67) |
| - |
| (14) |
| (5) |
| (6) |
| (2) |
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| (162) |
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Equity Earnings (Losses) Recorded Before Income Tax |
| - |
| - |
| (4) |
| 8 |
| 10 |
| - |
| (4) |
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| 10 |
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Other Income (Expense), Net |
| 10 |
| (1) |
| - |
| (1) |
| (1) |
| (2) |
| (18) |
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| (13) |
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Income (Loss) Before Interest & Tax(1) |
| 202 |
| 130 |
| (6) |
| 142 |
| 19 |
| 10 |
| (56) |
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| 441 |
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Net Interest (Expense) Income(2) |
| (25) |
| (12) |
| (3) |
| (2) |
| 2 |
| (3) |
| (14) |
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| (57) |
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Income Tax (Expense) Benefit |
| (54) |
| (41) |
| 1 |
| (46) |
| (5) |
| (3) |
| 54 |
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| (94) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| - |
| 18 |
| - |
| - |
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| 18 |
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Net Income (Loss) |
| $ 123 |
| $ 77 |
| $ (8) |
| $ 94 |
| $ 34 |
| $ 4 |
| $ (16) |
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| $ 308 |
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Three Months Ended September 30, 2007 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Commodities |
| Generation |
| Pipelines & Storage |
| LNG |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 716 |
| $ 819 |
| $ 679 |
| $ 390 |
| $ 81 |
| $ - |
| $ (22) |
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| $ 2,663 |
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Cost of Sales and Other Expenses |
| (474) |
| (631) |
| (506) |
| (294) |
| (77) |
| (9) |
| 1 |
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| (1,990) |
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Depreciation & Amortization |
| (75) |
| (71) |
| (6) |
| (16) |
| (3) |
| - |
| (3) |
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| (174) |
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Equity Earnings (Losses) Recorded Before Income Tax |
| - |
| - |
| - |
| 7 |
| (2) |
| - |
| (4) |
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| 1 |
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Other Income (Expense), Net |
| 8 |
| - |
| - |
| 1 |
| 1 |
| - |
| (6) |
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| 4 |
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Income (Loss) Before Interest & Tax(1) |
| 175 |
| 117 |
| 167 |
| 88 |
| - |
| (9) |
| (34) |
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| 504 |
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Net Interest (Expense) Income(2) |
| (24) |
| (10) |
| (14) |
| 2 |
| (1) |
| (1) |
| (10) |
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| (58) |
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Income Tax (Expense) Benefit |
| (28) |
| (44) |
| (66) |
| (32) |
| (1) |
| 6 |
| 30 |
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| (135) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| - |
| 19 |
| - |
| - |
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| 19 |
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Discontinued Operations |
| - |
| - |
| - |
| - |
| - |
| - |
| (25) |
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| (25) |
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Net Income (Loss) |
| $ 123 |
| $ 63 |
| $ 87 |
| $ 58 |
| $ 17 |
| $ (4) |
| $ (39) |
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| $ 305 |
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(1) Management believes "Income (Loss) before Interest & Taxes" is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, neither of which is directly relevant to the efficiency of those operations. | |||||||||||||||||
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(2)Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries. |
SEMPRA ENERGY |
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Table F (Unaudited) |
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Income Statement Data by Business Unit |
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Nine Months Ended September 30, 2008 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Commodities |
| Generation |
| Pipelines & Storage |
| LNG |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 2,449 |
| $ 3,776 |
| $ 486 |
| $ 1,426 |
| $ 338 |
| $ 44 |
| $ (54) |
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| $ 8,465 |
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Cost of Sales and Other Expenses |
| (1,796) |
| (3,225) |
| (410) |
| (1,131) |
| (314) |
| (75) |
| (18) |
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| (6,969) |
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Depreciation & Amortization |
| (223) |
| (209) |
| (6) |
| (42) |
| (10) |
| (8) |
| (10) |
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| (508) |
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Gains (Losses) on Sale of Assets |
| 3 |
| - |
| 110 |
| 2 |
| - |
| - |
| (1) |
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| 114 |
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Equity Earnings (Losses) Recorded Before Income Tax |
| - |
| - |
| 142 |
| 10 |
| 30 |
| - |
| (11) |
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| 171 |
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Other Income (Expense), Net |
| 18 |
| 1 |
| - |
| 1 |
| 2 |
| 13 |
| (12) |
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| 23 |
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Income (Loss) Before Interest & Tax(1) |
| 451 |
| 343 |
| 322 |
| 266 |
| 46 |
| (26) |
| (106) |
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| 1,296 |
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Net Interest (Expense) Income(2) |
| (72) |
| (36) |
| (12) |
| (6) |
| 4 |
| (5) |
| (9) |
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| (136) |
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Income Tax (Expense) Benefit |
| (121) |
| (117) |
| (132) |
| (98) |
| (20) |
| (2) |
| 67 |
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| (423) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| 3 |
| - |
| 54 |
| - |
| - |
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| 57 |
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Net Income (Loss) |
| $ 258 |
| $ 190 |
| $ 181 |
| $ 162 |
| $ 84 |
| $ (33) |
| $ (48) |
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| $ 794 |
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Nine Months Ended September 30, 2007 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Commodities |
| Generation |
| Pipelines & Storage |
| LNG |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 2,084 |
| $ 3,168 |
| $ 1,901 |
| $ 1,064 |
| $ 242 |
| $ (11) |
| $ (120) |
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| $ 8,328 |
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Cost of Sales and Other Expenses |
| (1,463) |
| (2,630) |
| (1,437) |
| (842) |
| (227) |
| (30) |
| (11) |
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| (6,640) |
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Depreciation & Amortization |
| (225) |
| (210) |
| (19) |
| (41) |
| (9) |
| - |
| (10) |
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| (514) |
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Gains on Sale of Assets |
| 2 |
| 2 |
| - |
| - |
| - |
| - |
| 2 |
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| 6 |
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Equity Earnings (Losses) Recorded Before Income Tax |
| - |
| - |
| - |
| 6 |
| (5) |
| - |
| (12) |
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| (11) |
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Other Income (Expense), Net |
| 10 |
| (4) |
| - |
| - |
| 2 |
| - |
| 64 |
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| 72 |
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Income (Loss) Before Interest & Tax(1) |
| 408 |
| 326 |
| 445 |
| 187 |
| 3 |
| (41) |
| (87) |
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| 1,241 |
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Net Interest (Expense) Income(2) |
| (71) |
| (32) |
| (16) |
| 11 |
| (1) |
| (2) |
| (38) |
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| (149) |
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Income Tax (Expense) Benefit |
| (101) |
| (122) |
| (156) |
| (76) |
| 2 |
| 16 |
| 96 |
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| (341) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| 40 |
| - |
| 46 |
| - |
| - |
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| 86 |
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Discontinued Operations |
| - |
| - |
| - |
| - |
| - |
| - |
| (27) |
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| (27) |
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Net Income (Loss) |
| $ 236 |
| $ 172 |
| $ 313 |
| $ 122 |
| $ 50 |
| $ (27) |
| $ (56) |
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| $ 810 |
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(1) Management believes "Income (Loss) before Interest & Taxes" is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, neither of which is directly relevant to the efficiency of those operations. | |||||||||||||||||
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(2)Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries. |