Southern California Gas Company PFD SER A 6% (SOCGP) 8-K Sempra Energy’s 2018 Earnings Rise on Strong Operating Results

Exhibit 99.2

SEMPRA ENERGY
Table F (Unaudited)
STATEMENT OF OPERATIONS DATA BY SEGMENT
Three months ended December 31, 2018
(Dollars in millions)	SDG&E			SoCalGas			Sempra Texas Utility		Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra LNG & Midstream			Consolidating Adjustments, Parent & Other			Total
Revenues	$	1,163		$	1,262		$	—	$	395		$	348		$	21		$	142		$	(110	)	$	3,221
Cost of sales and other expenses	(737		)	(882		)	—		(293		)	(175		)	(26		)	(122		)	106			(2,129		)
Depreciation and amortization	(179		)	(142		)	—		(15		)	(44		)	—			(2		)	(9		)	(391		)
Write-off and reduction in impairment losses	—			—			—		—			—			—			183			(1		)	182
Gain (loss) on sale of assets	—			1			—		1			(1		)	513			—			—			514
Other (expense) income, net	(21		)	(34		)	—		10			(63		)	1			—			(17		)	(124		)
Income (loss) before interest and tax(1)	226			205			—		98			65			509			201			(31		)	1,273
Net interest (expense) income	(59		)	(32		)	—		2			(13		)	2			10			(122		)	(212		)
Income tax (expense) benefit	(22		)	(17		)	—		(31		)	41			(138		)	(53		)	(3		)	(223		)
Equity earnings (losses), net	—			—			88		—			38			1			(1		)	—			126
Losses (earnings) attributable to noncontrolling interests	3			—			—		(10		)	(55		)	8			(10		)	—			(64		)
Preferred dividends	—			—			—		—			—			—			—			(36		)	(36		)
Earnings (losses)	$	148		$	156		$	88	$	59		$	76		$	382		$	147		$	(192	)	$	864
Three months ended December 31, 2017
(Dollars in millions)	SDG&E			SoCalGas			Sempra Texas Utility		Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra LNG & Midstream			Consolidating Adjustments, Parent & Other			Total
Revenues	$	1,125		$	1,090		$	—	$	398		$	323		$	20		$	134		$	(126	)	$	2,964
Cost of sales and other expenses(2)	(698		)	(729		)	—		(312		)	(165		)	(19		)	(136		)	111			(1,948		)
Depreciation and amortization	(171		)	(131		)	—		(14		)	(42		)	(10		)	(11		)	(5		)	(384		)
Other income (expense), net(2)	9			(20		)	—		6			(85		)	1			1			(1		)	(89		)
Income (loss) before interest and tax(1)(3)	265			210			—		78			31			(8		)	(12		)	(21		)	543
Net interest (expense) income	(52		)	(25		)	—		3			(13		)	(1		)	3			(61		)	(146		)
Income tax (expense) benefit	(83		)	(57		)	—		(23		)	51			201			136			(1,123		)	(898		)
Equity earnings (losses), net(3)	—			—			—		2			45			4			(1		)	—			50
Losses (earnings) attributable to noncontrolling interests	1			—			—		(8		)	(50		)	7			—			—			(50		)
Earnings (losses)	$	131		$	128		$	—	$	52		$	64		$	203		$	126		$	(1,205	)	$	(501	)

⁽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⁾  As adjusted for the retrospective adoption of ASU 2017-07.

⁽³⁾  As adjusted for a reclassification to conform to current year presentation.

SEMPRA ENERGY
Table F (Unaudited)
STATEMENT OF OPERATIONS DATA BY SEGMENT
Year ended December 31, 2018
(Dollars in millions)	SDG&E			SoCalGas			Sempra Texas Utility		Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra LNG & Midstream			Consolidating Adjustments, Parent & Other			Total
Revenues	$	4,568		$	3,962		$	—	$	1,585		$	1,376		$	124		$	472		$	(400	)	$	11,687
Cost of sales and other expenses	(2,870		)	(2,816		)	—		(1,218		)	(628		)	(94		)	(446		)	327			(7,745		)
Depreciation and amortization	(688		)	(556		)	—		(58		)	(175		)	(27		)	(26		)	(19		)	(1,549		)
Write-off and impairment losses	—			—			—		—			(4		)	—			(1,117		)	(1		)	(1,122		)
Gain (loss) on sale of assets	—			1			—		11			(1		)	513			—			—			524
Other income (expense), net	56			15			—		14			1			1			—			(15		)	72
Income (loss) before interest and tax(1)	1,066			606			—		334			569			517			(1,117		)	(108		)	1,867
Net interest (expense) income	(217		)	(113		)	—		(9		)	(55		)	(7		)	28			(448		)	(821		)
Income tax (expense) benefit	(173		)	(92		)	—		(95		)	(185		)	(71		)	435			85			(96		)
Equity earnings (losses), net	—			—			371		1			40			(169		)	—			(67		)	176
(Earnings) losses attributable to noncontrolling interests	(7		)	—			—		(32		)	(132		)	58			37			—			(76		)
Preferred dividends	—			(1		)	—		—			—			—			—			(125		)	(126		)
Earnings (losses)	$	669		$	400		$	371	$	199		$	237		$	328		$	(617	)	$	(663	)	$	924
Year ended December 31, 2017
(Dollars in millions)	SDG&E			SoCalGas			Sempra Texas Utility		Sempra South American Utilities			Sempra Mexico			Sempra Renewables			Sempra LNG & Midstream			Consolidating Adjustments, Parent & Other			Total
Revenues	$	4,476		$	3,785		$	—	$	1,567		$	1,196		$	94		$	540		$	(451	)	$	11,207
Cost of sales and other expenses(2)	(2,746		)	(2,643		)	—		(1,227		)	(568		)	(76		)	(489		)	386			(7,363		)
Depreciation and amortization	(670		)	(515		)	—		(54		)	(156		)	(38		)	(42		)	(15		)	(1,490		)
Write-off and impairment losses	(351		)	—			—		—			(72		)	—			—			—			(423		)
Other income (expense), net(2)	70			31			—		13			105			2			3			9			233
Income (loss) before interest and tax(1)(3)	779			658			—		299			505			(18		)	12			(71		)	2,164
Net interest (expense) income	(203		)	(101		)	—		(10		)	(74		)	(8		)	17			(234		)	(613		)
Income tax (expense) benefit	(155		)	(160		)	—		(80		)	(227		)	226			119			(999		)	(1,276		)
Equity earnings (losses), net(3)	—			—			—		4			38			29			5			—			76
(Earnings) losses attributable to noncontrolling interests	(14		)	—			—		(27		)	(73		)	23			(3		)	—			(94		)
Preferred dividends	—			(1		)	—		—			—			—			—			—			(1		)
Earnings (losses)	$	407		$	396		$	—	$	186		$	169		$	252		$	150		$	(1,304	)	$	256

⁽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⁾  As adjusted for the retrospective adoption of ASU 2017-07.

⁽³⁾  As adjusted for a reclassification to conform to current year presentation.