EX-99.2 3 ex99_2x20221231x10-k.htm EX-99.2 Document
Exhibit 99.2
SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended December 31, 2022SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,425 $1,961 $— $109 $(40)$3,455 
Cost of sales and other expenses(808)(1,378)(2)(385)— (2,573)
Depreciation and amortization(252)(196)— (69)(2)(519)
Other income (expense), net24 (3)— 27 
Income (loss) before interest and tax(1)
389 384 (2)(341)(40)390 
Net interest (expense) income(114)(61)— (67)(241)
Income tax (expense) benefit(41)(63)(30)12 (121)
Equity earnings— — 133 247 — 380 
Losses attributable to noncontrolling interests— — — 41 — 41 
Preferred dividends— — — — (11)(11)
Earnings (losses) attributable to common shares$234 $260 $132 $(82)$(106)$438 
Three months ended December 31, 2021SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,385 $1,777 $— $728 $(46)$3,844 
Cost of sales and other expenses(804)(1,299)(2)(346)(2,447)
Aliso Canyon litigation and regulatory matters— (22)— — — (22)
Depreciation and amortization(230)(183)— (63)(3)(479)
Gain on sale of asset— — — — 36 36 
Other income (expense), net(12)— (8)23 
Income (loss) before interest and tax(1)
354 261 (2)311 14 938 
Net interest expense (105)(38)— (58)(202)(403)
Income tax expense(33)(25)— (74)(12)(144)
Equity earnings— — 139 182 — 321 
(Earnings) losses attributable to noncontrolling interests— — — (98)(97)
Preferred dividends— — — — (11)(11)
Earnings (losses) attributable to common shares$216 $198 $137 $263 $(210)$604 
(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.



SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Year ended December 31, 2022SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,838 $6,840 $— $1,919 $(158)$14,439 
Cost of sales and other expenses(3,407)(4,882)(6)(1,642)74 (9,863)
Aliso Canyon litigation and regulatory matters— (259)— — — (259)
Depreciation and amortization(982)(761)— (268)(8)(2,019)
Other income (expense), net92 (8)— — (60)24 
Income (loss) before interest and tax(1)
1,541 930 (6)(152)2,322 
Net interest expense(444)(192)— (60)(283)(979)
Income tax (expense) benefit(182)(138)— (249)13 (556)
Equity earnings— — 742 756 — 1,498 
Earnings attributable to noncontrolling interests— — — (146)— (146)
Preferred dividends— (1)— — (44)(45)
Earnings (losses) attributable to common shares$915 $599 $736 $310 $(466)$2,094 
Year ended December 31, 2021SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,504 $5,515 $— $1,997 $(159)$12,857 
Cost of sales and other expenses
(3,248)(3,772)(6)(1,196)67 (8,155)
Aliso Canyon litigation and regulatory matters— (1,593)— — — (1,593)
Depreciation and amortization(889)(716)— (239)(11)(1,855)
Gain on sale of asset— — — — 36 36 
Other income (expense), net
64 (14)— (36)44 58 
Income (loss) before interest and tax(1)
1,431 (580)(6)526 (23)1,348 
Net interest expense(411)(156)— (130)(432)(1,129)
Income tax (expense) benefit(201)310 — (238)30 (99)
Equity earnings
— — 622 671 50 1,343 
(Earnings) losses attributable to noncontrolling interests— — — (147)(145)
Preferred dividends— (1)— — (63)(64)
Earnings (losses) attributable to common shares$819 $(427)$616 $682 $(436)$1,254 
(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.