SEMPRA - SHAREHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share Computations

EARNINGS PER COMMON SHARE COMPUTATIONS
(Dollars in millions, except per share amounts; shares in thousands)
	Years ended December 31,
	2021		2020		2019
Sempra:
Numerator for continuing operations:
Income from continuing operations, net of income tax	$	1,463	$	2,255	$	1,999
Earnings attributable to noncontrolling interests	(145)		(162)		(129)
Preferred dividends	(63)		(168)		(142)
Preferred dividends of subsidiary	(1)		(1)		(1)
Earnings from continuing operations attributable to common shares	$	1,254	$	1,924	$	1,727
Numerator for discontinued operations:
Income from discontinued operations, net of income tax	$	—	$	1,850	$	363
Earnings attributable to noncontrolling interests	—		(10)		(35)
Earnings from discontinued operations attributable to common shares	$	—	$	1,840	$	328
Numerator for earnings:
Earnings attributable to common shares	$	1,254	$	3,764	$	2,055
Denominator:
Weighted-average common shares outstanding for basic EPS(1)	311,755		291,077		277,904
Dilutive effect of stock options and RSUs(2)	752		1,175		1,585
Dilutive effect of common shares sold forward	—		—		2,544
Dilutive effect of mandatory convertible preferred stock	529		—		—
Weighted-average common shares outstanding for diluted EPS	313,036		292,252		282,033
Basic EPS:
Earnings from continuing operations	$	4.03	$	6.61	$	6.22
Earnings from discontinued operations	$	—	$	6.32	$	1.18
Earnings	$	4.03	$	12.93	$	7.40
Diluted EPS:
Earnings from continuing operations	$	4.01	$	6.58	$	6.13
Earnings from discontinued operations	$	—	$	6.30	$	1.16
Earnings	$	4.01	$	12.88	$	7.29

(1)     Includes fully vested RSUs held in our Deferred Compensation Plan of 453 in 2021, 537 in 2020 and 617 in 2019. These fully vested RSUs are included in weighted-average common shares outstanding for basic EPS because there are no conditions under which the corresponding shares will not be issued.

(2)    Due to market fluctuations of both Sempra common stock and the comparative indices used to determine the vesting percentage of our total shareholder return performance-based RSUs, which we discuss in Note 10, dilutive RSUs may vary widely from period-to-period.

Schedule Of Common Stock Activity

The following table provides common stock activity for the last three years.

COMMON STOCK ACTIVITY
	Years ended December 31,
	2021	2020	2019
Sempra:
Common shares outstanding, January 1	288,470,244	291,712,925	273,769,513
Conversion of mandatory convertible preferred stock	18,037,745	—	—
Shares issued in IEnova exchange offer	12,306,777	—	—
Shares issued under forward sale agreements	—	—	16,906,185
RSUs vesting(1)	686,916	896,839	463,012
Stock options exercised	50,671	4,400	52,540
Savings plan issuance	—	201,431	475,774
Common stock investment plan(2)	—	42,955	199,253
Issuance of RSUs held in our Deferred Compensation Plan	102,238	103,552	59,470
Shares repurchased(3)	(2,734,809)	(4,491,858)	(212,822)
Common shares outstanding, December 31	316,919,782	288,470,244	291,712,925

(1)    Includes dividend equivalents.

(2)    Participants in the Direct Stock Purchase Plan may reinvest dividends to purchase newly issued shares.

(3)    In 2021 and 2020, includes shares repurchased under the repurchase programs that we discuss above. Generally, we purchase shares of our common stock or units from LTIP participants who elect to sell to us a sufficient number of vested RSUs to meet minimum statutory tax withholding requirements.