Exhibit 99.2
Table F (Unaudited) | |||||||||||||||||
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Statement of Operations Data by Segment | |||||||||||||||||
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Three Months Ended June 30, 2013 | |||||||||||||||||
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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 |
| $ 1,064 |
| $ 904 |
| $ 371 |
| $ 163 |
| $ 30 |
| $ 218 |
| $ (99) |
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| $ 2,651 |
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Cost of Sales and Other Expenses |
| (632) |
| (645) |
| (290) |
| (112) |
| (14) |
| (192) |
| 79 |
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| (1,806) |
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Loss From Plant Closure |
| (200) |
| - |
| - |
| - |
| - |
| - |
| - |
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| (200) |
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Depreciation & Amortization |
| (107) |
| (80) |
| (15) |
| (15) |
| (7) |
| (20) |
| (3) |
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| (247) |
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Equity (Losses) Earnings Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (3) |
| 11 |
| - |
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| 8 |
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Other Income (Expense), Net |
| 9 |
| 3 |
| - |
| (5) |
| 5 |
| 2 |
| 12 |
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| 26 |
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Income (Loss) Before Interest & Tax(1) |
| 134 |
| 182 |
| 66 |
| 31 |
| 11 |
| 19 |
| (11) |
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| 432 |
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Net Interest Expense(2) |
| (50) |
| (19) |
| (2) |
| (3) |
| (5) |
| (3) |
| (53) |
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| (135) |
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Income Tax (Expense) Benefit |
| (12) |
| (45) |
| (17) |
| (2) |
| 9 |
| (6) |
| 41 |
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| (32) |
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Equity (Losses) Earnings Recorded Net of Income Tax |
| - |
| - |
| (7) |
| 8 |
| - |
| - |
| - |
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| 1 |
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(Earnings) Losses Attributable to Noncontrolling Interests |
| (7) |
| - |
| (6) |
| (8) |
| - |
| (1) |
| 1 |
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| (21) |
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Earnings (Losses) |
| $ 65 |
| $ 118 |
| $ 34 |
| $ 26 |
| $ 15 |
| $ 9 |
| $ (22) |
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| $ 245 |
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Three Months Ended June 30, 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 |
| $ 780 |
| $ 720 |
| $ 348 |
| $ 118 |
| $ 14 |
| $ 198 |
| $ (89) |
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| $ 2,089 |
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Cost of Sales and Other Expenses |
| (492) |
| (535) |
| (270) |
| (66) |
| (1) |
| (196) |
| 69 |
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| (1,491) |
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Depreciation & Amortization |
| (119) |
| (90) |
| (14) |
| (15) |
| (3) |
| (22) |
| (3) |
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| (266) |
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Equity Losses Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (2) |
| (290) | (3) | (1) |
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| (293) |
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Other Income (Expense), Net |
| 24 |
| 4 |
| - |
| (4) |
| - |
| - |
| (6) |
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| 18 |
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Income (Loss) Before Interest & Tax(1) |
| 193 |
| 99 |
| 64 |
| 33 |
| 8 |
| (310) |
| (30) |
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| 57 |
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Net Interest (Expense) Income(2) |
| (40) |
| (18) |
| (2) |
| 1 |
| (2) |
| (11) |
| (38) |
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| (110) |
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Income Tax (Expense) Benefit |
| (53) |
| (28) |
| (17) |
| 5 |
| 18 |
| 128 |
| 65 |
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| 118 |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 8 |
| - |
| - |
| - |
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| 8 |
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(Earnings) Losses Attributable to Noncontrolling Interests |
| (5) |
| - |
| (7) |
| - |
| - |
| - |
| 1 |
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| (11) |
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Earnings (Losses) |
| $ 95 |
| $ 53 |
| $ 38 |
| $ 47 |
| $ 24 |
| $ (193) |
| $ (2) |
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| $ 62 |
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(1) Management believes "Income (Loss) Before Interest & 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. | |||||||||||||||||
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(2)Net Interest (Expense) Income includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries. | |||||||||||||||||
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(3) Includes impairment loss of $300 million related to our investment in Rockies Express Pipeline LLC. | |||||||||||||||||
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Table F (Unaudited) | |||||||||||||||||
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Statement of Operations Data by Segment | |||||||||||||||||
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Six Months Ended June 30, 2013 | |||||||||||||||||
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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 |
| $ 2,003 |
| $ 1,887 |
| $ 755 |
| $ 331 |
| $ 51 |
| $ 471 |
| $ (197) |
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| $ 5,301 |
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Cost of Sales and Other Expenses |
| (1,269) |
| (1,445) |
| (591) |
| (225) |
| (27) |
| (412) |
| 171 |
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| (3,798) |
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Loss From Plant Closure |
| (200) |
| - |
| - |
| - |
| - |
| - |
| - |
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| (200) |
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Gain on Sale of Asset |
| - |
| - |
| - |
| - |
| - |
| 74 |
| - |
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| 74 |
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Depreciation & Amortization |
| (241) |
| (180) |
| (30) |
| (31) |
| (15) |
| (40) |
| (5) |
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| (542) |
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Equity (Losses) Earnings Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (2) |
| 20 |
| - |
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| 18 |
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Other Income, Net |
| 20 |
| 7 |
| 3 |
| 4 |
| 5 |
| 4 |
| 20 |
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| 63 |
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Income (Loss) Before Interest & Tax(1) |
| 313 |
| 269 |
| 137 |
| 79 |
| 12 |
| 117 |
| (11) |
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| 916 |
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Net Interest Expense(2) |
| (98) |
| (36) |
| (4) |
| (4) |
| (10) |
| (15) |
| (102) |
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| (269) |
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Income Tax (Expense) Benefit |
| (63) |
| (69) |
| (34) |
| (28) |
| 17 |
| (39) |
| 6 |
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| (210) |
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Equity (Losses) Earnings Recorded Net of Income Tax |
| - |
| - |
| (14) |
| 19 |
| - |
| - |
| - |
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| 5 |
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Losses (Earnings) Attributable to Noncontrolling Interests |
| 4 |
| - |
| (14) |
| (9) |
| - |
| (1) |
| 1 |
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| (19) |
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Earnings (Losses) |
| $ 156 |
| $ 164 |
| $ 71 |
| $ 57 |
| $ 19 |
| $ 62 |
| $ (106) |
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| $ 423 |
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Six Months Ended June 30, 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 |
|
| Total |
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Revenues |
| $ 1,614 |
| $ 1,600 |
| $ 705 |
| $ 254 |
| $ 22 |
| $ 467 |
| $ (190) |
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| $ 4,472 |
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Cost of Sales and Other Expenses |
| (1,036) |
| (1,209) |
| (551) |
| (141) |
| (10) |
| (441) |
| 149 |
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| (3,239) |
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Depreciation & Amortization |
| (231) |
| (177) |
| (27) |
| (31) |
| (6) |
| (45) |
| (6) |
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| (523) |
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Equity Losses Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (1) |
| (279) | (3) | (1) |
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| (281) |
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Other Income, Net |
| 54 |
| 8 |
| 2 |
| 11 |
| - |
| - |
| 18 |
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| 93 |
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Income (Loss) Before Interest & Tax(1) |
| 401 |
| 222 |
| 129 |
| 93 |
| 5 |
| (298) |
| (30) |
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| 522 |
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Net Interest Expense(2) |
| (77) |
| (35) |
| (8) |
| (2) |
| (6) |
| (20) |
| (72) |
|
| (220) |
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Income Tax (Expense) Benefit |
| (113) |
| (68) |
| (30) |
| (30) |
| 35 |
| 126 |
| 81 |
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| 1 |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 19 |
| - |
| - |
| - |
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| 19 |
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Earnings Attributable to Noncontrolling Interests |
| (11) |
| - |
| (13) |
| - |
| - |
| - |
| - |
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| (24) |
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Earnings (Losses) |
| $ 200 |
| $ 119 |
| $ 78 |
| $ 80 |
| $ 34 |
| $ (192) |
| $ (21) |
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| $ 298 |
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(1) Management believes "Income (Loss) Before Interest & 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. | |||||||||||||||||
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(2)Net Interest Expense includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries. | |||||||||||||||||
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(3)Includes impairment loss of $300 million related to our investment in Rockies Express Pipeline LLC. |