Southern California Gas Company PFD SER A 6% (SOCGP) 8-K Results of Operations and Financial Condition

Exhibit 99.2
SEMPRA ENERGY
Table F (Unaudited)
STATEMENT OF OPERATIONS DATA BY SEGMENT
Three months ended September 30, 2016
(Dollars in millions)		SDG&E			SoCalGas			Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra Natural Gas			Consolidating Adjustments, Parent & Other			Total
Revenues		$	1,209		$	686		$	385		$	196		$	12		$	164		$	(117	)	$	2,535
Cost of sales and other expenses		(725		)	(526		)	(302		)	(121		)	(14		)	(163		)	101			(1,750		)
Depreciation and amortization		(161		)	(121		)	(14		)	(15		)	(1		)	(12		)	(4		)	(328		)
Impairment losses		—			(1		)	—			(131		)	—			—			—			(132		)
Gain on sale of assets		—			—			1			—			—			130			—			131
Equity earnings, before income tax		—			—			—			—			12			—			—			12
Remeasurement of equity method investment		—			—			—			617			—			—			—			617
Other income (expense), net		11			8			3			(7		)	—			1			10			26
Income (loss) before interest and tax (1)		334			46			73			539			9			120			(10		)	1,111
Net interest (expense) income (2)		(49		)	(25		)	(4		)	(3		)	1			8			(57		)	(129		)
Income tax (expense) benefit		(91		)	(21		)	(17		)	(142		)	7			(51		)	33			(282		)
Equity earnings, net of income tax		—			—			1			18			—			—			—			19
Earnings attributable to noncontrolling interests		(11		)	—			(7		)	(80		)	—			—			1			(97		)
Earnings (losses)		$	183		$	—		$	46		$	332		$	17		$	77		$	(33	)	$	622
Three months ended September 30, 2015
(Dollars in millions)		SDG&E			SoCalGas			Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra Natural Gas			Consolidating Adjustments, Parent & Other			Total
Revenues		$	1,230		$	620		$	373		$	193		$	12		$	160		$	(107	)	$	2,481
Cost of sales and other expenses		(778		)	(517		)	(298		)	(122		)	(13		)	(176		)	100			(1,804		)
Depreciation and amortization		(152		)	(116		)	(12		)	(18		)	(2		)	(12		)	(3		)	(315		)
Equity earnings, before income tax		—			—			—			—			8			25			—			33
Other income (expense), net		8			8			9			(4		)	—			—			(9		)	12
Income (loss) before interest and tax (1)		308			(5		)	72			49			5			(3		)	(19		)	407
Net interest (expense) income (2)		(51		)	(23		)	(4		)	(6		)	1			3			(57		)	(137		)
Income tax (expense) benefit		(75		)	20			(16		)	6			9			—			41			(15		)
Equity (losses) earnings, net of income tax		—			—			(3		)	30			—			—			—			27
(Earnings) losses attributable to noncontrolling interests		(12		)	—			(6		)	(16		)	—			1			(1		)	(34		)
Earnings (losses)		$	170		$	(8	)	$	43		$	63		$	15		$	1		$	(36	)	$	248
(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.

SEMPRA ENERGY
Table F (Unaudited)
STATEMENT OF OPERATIONS DATA BY SEGMENT
Nine months ended September 30, 2016
(Dollars in millions)		SDG&E			SoCalGas			Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra Natural Gas			Consolidating Adjustments, Parent & Other			Total
Revenues		$	3,192		$	2,336		$	1,170		$	481		$	25		$	384		$	(275	)	$	7,313
Cost of sales and other expenses		(1,985		)	(1,637		)	(937		)	(289		)	(40		)	(653		)	229			(5,312		)
Depreciation and amortization		(478		)	(355		)	(41		)	(47		)	(4		)	(37		)	(8		)	(970		)
Impairment losses		—			(23		)	—			(131		)	—			—			—			(154		)
Gain on sale of assets		—			—			1			—			—			130			—			131
Equity earnings (losses), before income tax		—			—			—			—			30			(26		)	—			4
Remeasurement of equity method investment		—			—			—			617			—			—			—			617
Other income (expense), net		38			24			10			(11		)	1			2			34			98
Income (loss) before interest and tax (1)		767			345			203			620			12			(200		)	(20		)	1,727
Net interest (expense) income (2)		(145		)	(72		)	(14		)	(8		)	2			19			(185		)	(403		)
Income tax (expense) benefit (3)		(204		)	(75		)	(46		)	(170		)	29			77			105			(284		)
Equity earnings, net of income tax		—			—			3			66			—			—			—			69
Losses (earnings) attributable to noncontrolling interests		1			—			(19		)	(101		)	—			—			1			(118		)
Earnings (losses) (3)		$	419		$	198		$	127		$	407		$	43		$	(104	)	$	(99	)	$	991
Nine months ended September 30, 2015
(Dollars in millions)		SDG&E			SoCalGas			Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra Natural Gas			Consolidating Adjustments, Parent & Other			Total
Revenues		$	3,168		$	2,448		$	1,151		$	508		$	30		$	512		$	(287	)	$	7,530
Cost of sales and other expenses		(1,934		)	(1,705		)	(923		)	(314		)	(36		)	(528		)	250			(5,190		)
Depreciation and amortization		(446		)	(342		)	(37		)	(52		)	(5		)	(36		)	(7		)	(925		)
Plant closure adjustment		21			—			—			—			—			—			—			21
Gain on sale of assets		—			—			1			—			—			61			—			62
Equity earnings, before income tax		—			—			—			—			20			59			—			79
Other income, net		26			25			18			11			1			—			7			88
Income (loss) before interest and tax (1)		835			426			210			153			10			68			(37		)	1,665
Net interest (expense) income (2)		(155		)	(59		)	(8		)	(13		)	—			3			(162		)	(394		)
Income tax (expense) benefit		(217		)	(91		)	(50		)	(7		)	37			(29		)	81			(276		)
Equity (losses) earnings, net of income tax		—			—			(4		)	68			—			—			—			64
(Earnings) losses attributable to noncontrolling interests		(20		)	—			(19		)	(41		)	—			1			—			(79		)
Earnings (losses)		$	443		$	276		$	129		$	160		$	47		$	43		$	(118	)	$	980
(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)	The nine months ended September 30, 2016 reflects the prospective adoption of ASU 2016-09 as of January 1, 2016.