| SEMPRA ENERGY | |||||||||||||||||||||||||||||||||
| Table F (Unaudited) | |||||||||||||||||||||||||||||||||
| STATEMENT OF OPERATIONS DATA BY SEGMENT | |||||||||||||||||||||||||||||||||
| Three months ended March 31, 2017 | |||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | |||||||||||||||||||||||||
| Revenues | $ | 1,057 | $ | 1,241 | $ | 412 | $ | 264 | $ | 22 | $ | 132 | $ | (97 | ) | $ | 3,031 | ||||||||||||||||
| Cost of sales and other expenses | (616 | ) | (800 | ) | (326 | ) | (121 | ) | (15 | ) | (128 | ) | 81 | (1,925 | ) | ||||||||||||||||||
| Depreciation and amortization | (163 | ) | (126 | ) | (13 | ) | (36 | ) | (9 | ) | (10 | ) | (3 | ) | (360 | ) | |||||||||||||||||
| Equity earnings, before income tax | — | — | — | — | 2 | 1 | — | 3 | |||||||||||||||||||||||||
| Other income, net | 18 | 11 | 3 | 127 | — | 1 | 9 | 169 | |||||||||||||||||||||||||
Income (loss) before interest and tax (1) | 296 | 326 | 76 | 234 | — | (4 | ) | (10 | ) | 918 | |||||||||||||||||||||||
Net interest (expense) income (2) | (49 | ) | (25 | ) | (4 | ) | (30 | ) | (3 | ) | 6 | (58 | ) | (163 | ) | ||||||||||||||||||
| Income tax (expense) benefit | (90 | ) | (98 | ) | (19 | ) | (142 | ) | 11 | (1 | ) | 44 | (295 | ) | |||||||||||||||||||
| Equity earnings (losses), net of income tax | — | — | 1 | (9 | ) | — | — | — | (8 | ) | |||||||||||||||||||||||
| (Earnings) losses attributable to noncontrolling interests | (2 | ) | — | (7 | ) | (5 | ) | 3 | — | — | (11 | ) | |||||||||||||||||||||
| Earnings (losses) | $ | 155 | $ | 203 | $ | 47 | $ | 48 | $ | 11 | $ | 1 | $ | (24 | ) | $ | 441 | ||||||||||||||||
| Three months ended March 31, 2016 | |||||||||||||||||||||||||||||||||
| (Dollars in millions) | SDG&E | SoCalGas | Sempra South American Utilities | Sempra Mexico | Sempra Renewables | Sempra LNG & Midstream | Consolidating Adjustments, Parent & Other | Total | |||||||||||||||||||||||||
| Revenues | $ | 991 | $ | 1,033 | $ | 400 | $ | 138 | $ | 7 | $ | 130 | $ | (77 | ) | $ | 2,622 | ||||||||||||||||
| Cost of sales and other expenses | (596 | ) | (617 | ) | (329 | ) | (82 | ) | (13 | ) | (154 | ) | 62 | (1,729 | ) | ||||||||||||||||||
| Depreciation and amortization | (159 | ) | (122 | ) | (13 | ) | (17 | ) | (1 | ) | (13 | ) | (3 | ) | (328 | ) | |||||||||||||||||
| Equity earnings (losses), before income tax | — | — | — | — | 7 | (29 | ) | — | (22 | ) | |||||||||||||||||||||||
| Other income, net | 14 | 10 | 2 | 11 | — | — | 12 | 49 | |||||||||||||||||||||||||
Income (loss) before interest and tax (1) | 250 | 304 | 60 | 50 | — | (66 | ) | (6 | ) | 592 | |||||||||||||||||||||||
Net interest (expense) income (2) | (48 | ) | (22 | ) | (4 | ) | (2 | ) | 1 | 4 | (66 | ) | (137 | ) | |||||||||||||||||||
Income tax (expense) benefit (3) | (65 | ) | (83 | ) | (14 | ) | (40 | ) | 13 | 29 | 52 | (108 | ) | ||||||||||||||||||||
| Equity earnings, net of income tax | — | — | 2 | 15 | — | — | — | 17 | |||||||||||||||||||||||||
| (Earnings) losses attributable to noncontrolling interests | (1 | ) | — | (6 | ) | (5 | ) | — | 1 | — | (11 | ) | |||||||||||||||||||||
Earnings (losses) (3) | $ | 136 | $ | 199 | $ | 38 | $ | 18 | $ | 14 | $ | (32 | ) | $ | (20 | ) | $ | 353 | |||||||||||||||
| (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) | As adjusted for the adoption of ASU 2016-09 as of January 1, 2016. | ||||||||||||||||||||||||||||||||
Southern California Gas Company PFD 6% (SOCGM)
Filed: 9 May 17, 12:00am