Exhibit 99.2
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SEMPRA ENERGY | |||||||||||||||||
Table F (Unaudited) | |||||||||||||||||
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Statement of Operations Data by Segment |
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Three Months Ended March 31, 2012 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Sempra South American Utilities |
| Sempra Mexico |
| Sempra Renewables |
| Sempra Natural Gas |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 834 |
| $ 880 |
| $ 357 |
| $ 135 |
| $ 8 |
| $ 269 |
| $ (100) |
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| $ 2,383 |
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Cost of Sales and Other Expenses |
| (544) |
| (674) |
| (281) |
| (77) |
| (9) |
| (245) |
| 82 |
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| (1,748) |
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Depreciation & Amortization |
| (112) |
| (87) |
| (13) |
| (15) |
| (3) |
| (23) |
| (4) |
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| (257) |
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Equity Earnings Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| 1 |
| 11 |
| - |
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| 12 |
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Other Income, Net |
| 30 |
| 4 |
| 2 |
| 4 |
| - |
| - |
| 35 |
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| 75 |
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Income (Loss) Before Interest & Tax(1) |
| 208 |
| 123 |
| 65 |
| 47 |
| (3) |
| 12 |
| 13 |
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| 465 |
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Net Interest Expense(2) |
| (37) |
| (17) |
| (6) |
| (1) |
| (4) |
| (9) |
| (36) |
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| (110) |
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Income Tax (Expense) Benefit |
| (60) |
| (40) |
| (13) |
| (20) |
| 17 |
| (2) |
| 1 |
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| (117) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 11 |
| - |
| - |
| - |
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| 11 |
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Earnings Attributable to Noncontrolling Interests |
| (6) |
| - |
| (6) |
| - |
| - |
| - |
| (1) |
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| (13) |
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Earnings (Losses) |
| $ 105 |
| $ 66 |
| $ 40 |
| $ 37 |
| $ 10 |
| $ 1 |
| $ (23) |
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| $ 236 |
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Three Months Ended March 31, 2011 |
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(Dollars in millions) |
| SDG&E |
| SoCalGas |
| Sempra South American Utilities |
| Sempra Mexico |
| Sempra Renewables |
| Sempra Natural Gas |
| Consolidating Adjustments, Parent & Other |
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| Total |
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Revenues |
| $ 840 |
| $ 1,056 |
| $ - |
| $ 207 |
| $ 4 |
| $ 449 |
| $ (122) |
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| $ 2,434 |
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Cost of Sales and Other Expenses |
| (574) |
| (856) |
| (2) |
| (143) |
| (4) |
| (328) |
| 107 |
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| (1,800) |
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Depreciation & Amortization |
| (103) |
| (81) |
| - |
| (15) |
| (1) |
| (26) |
| (4) |
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| (230) |
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Equity Earnings (Losses) Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| 1 |
| 9 |
| (9) |
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| 1 |
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Other Income, Net |
| 16 |
| 3 |
| - |
| 4 |
| - |
| - |
| 20 |
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| 43 |
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Income (Loss) Before Interest & Tax(1) |
| 179 |
| 122 |
| (2) |
| 53 |
| - |
| 104 |
| (8) |
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| 448 |
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Net Interest Expense(2) |
| (37) |
| (17) |
| - |
| (3) |
| (3) |
| (9) |
| (38) |
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| (107) |
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Income Tax Expense |
| (49) |
| (37) |
| - |
| (18) |
| 7 |
| (32) |
| 15 |
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| (114) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| 24 |
| 7 |
| - |
| - |
| - |
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| 31 |
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Earnings Attributable to Noncontrolling Interests |
| (4) |
| - |
| - |
| - |
| - |
| - |
| - |
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| (4) |
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Earnings (Losses) |
| $ 89 |
| $ 68 |
| $ 22 |
| $ 39 |
| $ 4 |
| $ 63 |
| $ (31) |
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| $ 254 |
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(1) Management believes "Income (Loss) before Interest & Tax" 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 tax, neither of which is directly relevant to the efficiency of those operations. | |||||||||||||||||
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(2)Net Interest Expense includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries. |
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