SEMPRA ENERGY |
Table F (Unaudited) |
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Statement of Operations Data by Segment | | | | | | | | | | | | | | | |
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Three Months Ended March 31, 2016 | | | | | | | | | | | | | | | | |
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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 | | $ 991 | | $ 1,033 | | $ 400 | | $ 138 | | $ 7 | | $ 130 | | $ (77) | | | $ 2,622 |
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Cost of sales and other expenses | | (596) | | (617) | | (329) | | (82) | | (13) | | (154) | | 62 | | | (1,729) |
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Depreciation and amortization | | (159) | | (122) | | (13) | | (17) | | (1) | | (13) | | (3) | | | (328) |
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Equity earnings (losses), before income tax | - | | - | | - | | - | | 7 | | (29) | | - | | | (22) |
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Other income, net | | 14 | | 10 | | 2 | | 11 | | - | | - | | 12 | | | 49 |
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Income (loss) before interest and tax (1) | | 250 | | 304 | | 60 | | 50 | | - | | (66) | | (6) | | | 592 |
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Net interest (expense) income (2) | | (48) | | (22) | | (4) | | (2) | | 1 | | 4 | | (66) | | | (137) |
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Income tax (expense) benefit | | (72) | | (87) | | (14) | | (41) | | 12 | | 25 | | 35 | | | (142) |
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Equity earnings, net of income tax | | - | | - | | 2 | | 15 | | - | | - | | - | | | 17 |
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(Earnings) losses attributable to noncontrolling interests | (1) | | - | | (6) | | (5) | | - | | 1 | | - | | | (11) |
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Earnings (losses) | | $ 129 | | $ 195 | | $ 38 | | $ 17 | | $ 13 | | $ (36) | | $ (37) | | | $ 319 |
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Three Months Ended March 31, 2015 | | | | | | | | | | | | | | | | | |
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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 | | $ 966 | | $ 1,048 | | $ 389 | | $ 163 | | $ 8 | | $ 197 | | $ (89) | | | $ 2,682 |
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Cost of sales and other expenses | | (560) | | (615) | | (314) | | (102) | | (11) | | (196) | | 73 | | | (1,725) |
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Depreciation and amortization | | (145) | | (113) | | (13) | | (17) | | (2) | | (12) | | (1) | | | (303) |
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Plant closure adjustment | | 21 | | - | | - | | - | | - | | - | | - | | | 21 |
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Equity earnings, before income tax | | - | | - | | - | | - | | 2 | | 17 | | - | | | 19 |
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Other income, net | | 9 | | 8 | | 3 | | 9 | | - | | - | | 10 | | | 39 |
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Income (loss) before interest and tax (1) | | 291 | | 328 | | 65 | | 53 | | (3) | | 6 | | (7) | | | 733 |
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Net interest expense (2) | | (52) | | (19) | | (1) | | (3) | | (1) | | (2) | | (49) | | | (127) |
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Income tax (expense) benefit | | (88) | | (95) | | (16) | | (8) | | 17 | | (2) | | 29 | | | (163) |
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Equity (losses) earnings, net of income tax | | - | | - | | (1) | | 16 | | - | | - | | - | | | 15 |
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Earnings attributable to noncontrolling interests | (4) | | - | | (6) | | (11) | | - | | - | | - | | | (21) |
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Earnings (losses) | | $ 147 | | $ 214 | | $ 41 | | $ 47 | | $ 13 | | $ 2 | | $ (27) | | | $ 437 |
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(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. | | | | | |
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(2) | Includes interest income, interest expense and preferred dividends of subsidiary. | | | | | | | | | |