SEMPRA ENERGY | ||||||||||||||||||
Table F (Unaudited) | ||||||||||||||||||
Statement of Operations Data by Segment | ||||||||||||||||||
Three Months Ended December 31, 2015 | ||||||||||||||||||
(Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra Natural Gas | Consolidating Adjustments, Parent & Other | Total | ||||||||||
Revenues | $ 1,051 | $ 1,041 | (1) | $ 393 | $ 161 | $ 6 | $ 141 | $ (92) | $ 2,701 | |||||||||
Cost of sales and other expenses | (649) | (715) | (309) | (101) | (15) | (153) | 61 | (1,881) | ||||||||||
Depreciation and amortization | (158) | (119) | (13) | (18) | (1) | (13) | (3) | (325) | ||||||||||
Plant closure adjustment | 5 | - | - | - | - | - | - | 5 | ||||||||||
Gain on sale of asset | - | - | - | - | 8 | - | - | 8 | ||||||||||
Equity earnings (losses), before income tax | - | - | - | - | 4 | 25 | (4) | 25 | ||||||||||
Other income, net | 10 | 5 | 4 | 9 | 1 | - | 9 | 38 | ||||||||||
Income (loss) before interest and tax (2) | 259 | 212 | 75 | 51 | 3 | - | (29) | 571 | ||||||||||
Net interest (expense) income (3) | (49) | (22) | (5) | (3) | 1 | - | (61) | (139) | ||||||||||
Income tax (expense) benefit | (67) | (47) | (1) | (17) | (4) | 12 | 1 | 57 | (65) | |||||||||
Equity earnings, net of income tax | - | - | - | 21 | - | - | - | 21 | ||||||||||
Losses (earnings) attributable to noncontrolling interests | 1 | - | (7) | (12) | - | - | (1) | (19) | ||||||||||
Earnings (losses) | $ 144 | $ 143 | (1) | $ 46 | $ 53 | $ 16 | $ 1 | $ (34) | $ 369 | |||||||||
Three Months Ended December 31, 2014 | ||||||||||||||||||
(Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra Natural Gas | Consolidating Adjustments, Parent & Other | Total | ||||||||||
Revenues | $ 1,046 | $ 998 | $ 387 | $ 197 | $ 10 | $ 231 | $ (122) | $ 2,747 | ||||||||||
Cost of sales and other expenses | (672) | (771) | (309) | (137) | (15) | (232) | 89 | (2,047) | ||||||||||
Depreciation and amortization | (135) | (110) | (14) | (17) | (1) | (11) | (2) | (290) | ||||||||||
Plant closure loss | (19) | - | - | - | - | - | - | (19) | ||||||||||
Gain on sale of equity interest | - | - | - | - | 14 | - | - | 14 | ||||||||||
Equity earnings (losses), before income tax | - | - | - | - | 2 | 18 | (1) | 19 | ||||||||||
Other income (expense), net | 11 | 7 | 15 | (23) | - | - | 9 | 19 | ||||||||||
Income (loss) before interest and tax (2) | 231 | 124 | 79 | 20 | 10 | 6 | (27) | 443 | ||||||||||
Net interest (expense) income (3) | (50) | (19) | (5) | (2) | (1) | 7 | (59) | (129) | ||||||||||
Income tax (expense) benefit | (53) | (29) | 1 | 32 | 9 | (2) | 33 | (9) | ||||||||||
Equity earnings, net of income tax | - | - | - | 16 | - | - | - | 16 | ||||||||||
(Earnings) losses attributable to noncontrolling interests | - | - | (12) | (13) | - | - | 1 | (24) | ||||||||||
Earnings (losses) | $ 128 | $ 76 | $ 63 | $ 53 | $ 18 | $ 11 | $ (52) | $ 297 | ||||||||||
(1) | Reflects the impact of seasonalization at Southern California Gas as discussed on Table D. | |||||||||||||||||
(2) | 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. | ||||||||||||||||||
(3) | Includes interest income, interest expense and preferred dividends of subsidiary. | |||||||||||||||||
SEMPRA ENERGY | ||||||||||||||||||
Table F (Unaudited) | ||||||||||||||||||
Statement of Operations Data by Segment | ||||||||||||||||||
Year Ended December 31, 2015 | ||||||||||||||||||
(Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra Natural Gas | Consolidating Adjustments, Parent & Other | Total | ||||||||||
Revenues | $ 4,219 | $ 3,489 | $ 1,544 | $ 669 | $ 36 | $ 653 | $ (379) | $ 10,231 | ||||||||||
Cost of sales and other expenses | (2,583) | (2,420) | (1,232) | (415) | (51) | (681) | 311 | (7,071) | ||||||||||
Depreciation and amortization | (604) | (461) | (50) | (70) | (6) | (49) | (10) | (1,250) | ||||||||||
Plant closure adjustment | 26 | - | - | - | - | - | - | 26 | ||||||||||
Gain on sale of assets | - | - | 1 | - | 8 | 61 | - | 70 | ||||||||||
Equity earnings (losses), before income tax | - | - | - | - | 24 | 84 | (4) | 104 | ||||||||||
Other income, net | 36 | 30 | 22 | 20 | 2 | - | 16 | 126 | ||||||||||
Income (loss) before interest and tax (1) | 1,094 | 638 | 285 | 204 | 13 | 68 | (66) | 2,236 | ||||||||||
Net interest (expense) income (2) | (204) | (81) | (13) | (16) | 1 | 3 | (223) | (533) | ||||||||||
Income tax (expense) benefit | (284) | (138) | (67) | (11) | 49 | (28) | 138 | (341) | ||||||||||
Equity (losses) earnings, net of income tax | - | - | (4) | 89 | - | - | - | 85 | ||||||||||
(Earnings) losses attributable to noncontrolling interests | (19) | - | (26) | (53) | - | 1 | (1) | (98) | ||||||||||
Earnings (losses) | $ 587 | $ 419 | $ 175 | $ 213 | $ 63 | $ 44 | $ (152) | $ 1,349 | ||||||||||
Year Ended December 31, 2014 | ||||||||||||||||||
(Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra Natural Gas | Consolidating Adjustments, Parent & Other | Total | ||||||||||
Revenues | $ 4,329 | $ 3,855 | $ 1,534 | $ 818 | $ 35 | $ 979 | $ (515) | $ 11,035 | ||||||||||
Cost of sales and other expenses | (2,834) | (2,903) | (1,225) | (562) | (51) | (955) | 433 | (8,097) | ||||||||||
Depreciation and amortization | (530) | (431) | (55) | (64) | (5) | (61) | (10) | (1,156) | ||||||||||
Plant closure loss | (6) | (3) | - | - | - | - | - | - | (6) | |||||||||
Gain on sale of equity interests and assets | - | - | 2 | 19 | 41 | - | - | 62 | ||||||||||
Equity earnings (losses), before income tax | - | - | - | - | 20 | 62 | (1) | 81 | ||||||||||
Other income, net | 40 | 20 | 30 | 4 | 1 | 2 | 40 | 137 | ||||||||||
Income (loss) before interest and tax (1) | 999 | 541 | 286 | 215 | 41 | 27 | (53) | 2,056 | ||||||||||
Net interest (expense) income(2) | (202) | (70) | (19) | (13) | (4) | 4 | (229) | (533) | ||||||||||
Income tax (expense) benefit | (270) | (139) | (58) | (5) | 44 | 20 | 108 | (300) | ||||||||||
Equity (losses) earnings, net of income tax | - | - | (4) | 42 | - | - | - | 38 | ||||||||||
(Earnings) losses attributable to noncontrolling interests | (20) | - | (33) | (47) | - | (1) | 1 | (100) | ||||||||||
Earnings (losses) | $ 507 | $ 332 | $ 172 | $ 192 | $ 81 | $ 50 | $ (173) | $ 1,161 | ||||||||||
(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. | ||||||||||||||||||
(2) | Includes interest income, interest expense, and preferred dividends of subsidiary. | |||||||||||||||||
(3) | After taxes, including a $17 million charge to reduce certain tax regulatory assets attributed to SONGS, the adjustment to loss from plant closure is a $21 million charge to earnings. | |||||||||||||||||