Exhibit 99.2
Table F (Unaudited) | |||||||||||||||||
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Statement of Operations Data by Segment | |||||||||||||||||
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Three Months Ended September 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 |
| $ 1,063 |
| $ 807 |
| $ 364 |
| $ 188 |
| $ 25 |
| $ 212 |
| $ (108) |
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| $ 2,551 |
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Cost of Sales and Other Expenses |
| (674) |
| (552) |
| (286) |
| (117) |
| (10) |
| (211) |
| 91 |
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| (1,759) |
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Gain (Loss) on Sale of Assets |
| - |
| - |
| - |
| - |
| 40 |
| - |
| (1) |
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| 39 |
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Depreciation & Amortization |
| (126) |
| (100) |
| (14) |
| (16) |
| (5) |
| (20) |
| (5) |
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| (286) |
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Equity (Losses) Earnings Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (10) |
| 13 |
| - |
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| 3 |
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Other Income (Expense), Net |
| 10 |
| 2 |
| 3 |
| 1 |
| 4 |
| 3 |
| (7) |
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| 16 |
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Income (Loss) Before Interest & Tax(1) |
| 273 |
| 157 |
| 67 |
| 56 |
| 44 |
| (3) |
| (30) |
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| 564 |
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Net Interest (Expense) Income(2) |
| (55) |
| (17) |
| (5) |
| - |
| 2 |
| (8) |
| (54) |
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| (137) |
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Income Tax (Expense) Benefit |
| (84) |
| (38) |
| (16) |
| (16) |
| (9) |
| 4 |
| 42 |
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| (117) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 8 |
| - |
| - |
| - |
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| 8 |
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Earnings Attributable to Noncontrolling Interests |
| (5) |
| - |
| (7) |
| (9) |
| - |
| - |
| (1) |
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| (22) |
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Earnings (Losses) |
| $ 129 |
| $ 102 |
| $ 39 |
| $ 39 |
| $ 37 |
| $ (7) |
| $ (43) |
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| $ 296 |
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Three Months Ended September 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 |
| $ 1,092 |
| $ 728 |
| $ 356 |
| $ 181 |
| $ 27 |
| $ 294 |
| $ (171) |
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| $ 2,507 |
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Cost of Sales and Other Expenses |
| (694) |
| (518) |
| (269) |
| (106) |
| (11) |
| (288) |
| 159 |
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| (1,727) |
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Depreciation & Amortization |
| (128) |
| (91) |
| (15) |
| (15) |
| (4) |
| (24) |
| (3) |
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| (280) |
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Equity Losses Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (6) |
| (87) | (3) | (1) |
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| (94) |
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Other Income (Expense), Net |
| 5 |
| 6 |
| 5 |
| 6 |
| (1) |
| 3 |
| 20 |
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| 44 |
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Income (Loss) Before Interest & Tax(1) |
| 275 |
| 125 |
| 77 |
| 66 |
| 5 |
| (102) |
| 4 |
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| 450 |
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Net Interest Expense(2) |
| (51) |
| (17) |
| (3) |
| (3) |
| (4) |
| (11) |
| (34) |
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| (123) |
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Income Tax (Expense) Benefit |
| (38) |
| (37) |
| (27) |
| (31) |
| 12 |
| 45 |
| 27 |
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| (49) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 10 |
| - |
| - |
| - |
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| 10 |
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Earnings Attributable to Noncontrolling Interests |
| (12) |
| - |
| (7) |
| - |
| - |
| - |
| (1) |
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| (20) |
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Earnings (Losses) |
| $ 174 |
| $ 71 |
| $ 40 |
| $ 42 |
| $ 13 |
| $ (68) |
| $ (4) |
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| $ 268 |
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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, Preferred Dividends of Subsidiaries and Call Premium on Preferred Stock. | |||||||||||||||||
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(3) Includes impairment loss of $100 million related to our investment in Rockies Express Pipeline LLC. | |||||||||||||||||
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SEMPRA ENERGY | |||||||||||||||||
Table F (Unaudited) | |||||||||||||||||
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Statement of Operations Data by Segment |
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Nine Months Ended September 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 |
| $ 3,066 |
| $ 2,694 |
| $ 1,119 |
| $ 519 |
| $ 76 |
| $ 683 |
| $ (305) |
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| $ 7,852 |
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Cost of Sales and Other Expenses |
| (1,943) |
| (1,997) |
| (877) |
| (342) |
| (37) |
| (623) |
| 262 |
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| (5,557) |
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Loss From Plant Closure |
| (200) |
| - |
| - |
| - |
| - |
| - |
| - |
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| (200) |
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Gain (Loss) on Sale of Assets |
| - |
| - |
| - |
| - |
| 40 |
| 74 |
| (1) |
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| 113 |
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Depreciation & Amortization |
| (367) |
| (280) |
| (44) |
| (47) |
| (20) |
| (60) |
| (10) |
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| (828) |
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Equity (Losses) Earnings Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (12) |
| 33 |
| - |
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| 21 |
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Other Income, Net |
| 30 |
| 9 |
| 6 |
| 5 |
| 9 |
| 7 |
| 13 |
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| 79 |
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Income (Loss) Before Interest & Tax(1) |
| 586 |
| 426 |
| 204 |
| 135 |
| 56 |
| 114 |
| (41) |
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| 1,480 |
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Net Interest Expense(2) |
| (153) |
| (53) |
| (9) |
| (4) |
| (8) |
| (23) |
| (156) |
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| (406) |
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Income Tax (Expense) Benefit |
| (147) |
| (107) |
| (50) |
| (44) |
| 8 |
| (35) |
| 48 |
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| (327) |
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Equity (Losses) Earnings Recorded Net of Income Tax |
| - |
| - |
| (14) |
| 27 |
| - |
| - |
| - |
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| 13 |
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Earnings Attributable to Noncontrolling Interests |
| (1) |
| - |
| (21) |
| (18) |
| - |
| (1) |
| - |
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| (41) |
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Earnings (Losses) |
| $ 285 |
| $ 266 |
| $ 110 |
| $ 96 |
| $ 56 |
| $ 55 |
| $ (149) |
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| $ 719 |
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Nine Months Ended September 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 |
| $ 2,706 |
| $ 2,328 |
| $ 1,061 |
| $ 435 |
| $ 49 |
| $ 761 |
| $ (361) |
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| $ 6,979 |
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Cost of Sales and Other Expenses |
| (1,730) |
| (1,727) |
| (820) |
| (247) |
| (21) |
| (729) |
| 308 |
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| (4,966) |
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Depreciation & Amortization |
| (359) |
| (268) |
| (42) |
| (46) |
| (10) |
| (69) |
| (9) |
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| (803) |
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Equity Losses Recorded Before Income Tax |
| - |
| - |
| - |
| - |
| (7) |
| (366) | (3) | (2) |
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| (375) |
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Other Income (Expense), Net |
| 59 |
| 14 |
| 7 |
| 17 |
| (1) |
| 3 |
| 38 |
|
| 137 |
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Income (Loss) Before Interest & Tax(1) |
| 676 |
| 347 |
| 206 |
| 159 |
| 10 |
| (400) |
| (26) |
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| 972 |
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Net Interest Expense(2) |
| (128) |
| (52) |
| (11) |
| (5) |
| (10) |
| (31) |
| (106) |
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| (343) |
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Income Tax (Expense) Benefit |
| (151) |
| (105) |
| (57) |
| (61) |
| 47 |
| 171 |
| 108 |
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| (48) |
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Equity Earnings Recorded Net of Income Tax |
| - |
| - |
| - |
| 29 |
| - |
| - |
| - |
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| 29 |
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Earnings Attributable to Noncontrolling Interests |
| (23) |
| - |
| (20) |
| - |
| - |
| - |
| (1) |
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| (44) |
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Earnings (Losses) |
| $ 374 |
| $ 190 |
| $ 118 |
| $ 122 |
| $ 47 |
| $ (260) |
| $ (25) |
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| $ 566 |
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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, Preferred Dividends of Subsidiaries and Call Premium on Preferred Stock. | |||||||||||||||||
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(3)Includes impairment loss of $400 million related to our investment in Rockies Express Pipeline LLC. |