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

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Sempra:
Numerator for continuing operations:
Income from continuing operations, net of income tax	$	2,285	$	1,463	$	2,255
Earnings attributable to noncontrolling interests	(146)		(145)		(162)
Preferred dividends	(44)		(63)		(168)
Preferred dividends of subsidiary	(1)		(1)		(1)
Earnings from continuing operations attributable to common shares	$	2,094	$	1,254	$	1,924
Numerator for discontinued operations:
Income from discontinued operations, net of income tax	$	—	$	—	$	1,850
Earnings attributable to noncontrolling interests	—		—		(10)
Earnings from discontinued operations attributable to common shares	$	—	$	—	$	1,840
Numerator for earnings:
Earnings attributable to common shares	$	2,094	$	1,254	$	3,764
Denominator:
Weighted-average common shares outstanding for basic EPS(1)	315,159		311,755		291,077
Dilutive effect of stock options and RSUs(2)	1,219		752		1,175
Dilutive effect of mandatory convertible preferred stock	—		529		—
Weighted-average common shares outstanding for diluted EPS	316,378		313,036		292,252
Basic EPS:
Earnings from continuing operations	$	6.65	$	4.03	$	6.61
Earnings from discontinued operations	$	—	$	—	$	6.32
Earnings	$	6.65	$	4.03	$	12.93
Diluted EPS:
Earnings from continuing operations	$	6.62	$	4.01	$	6.58
Earnings from discontinued operations	$	—	$	—	$	6.30
Earnings	$	6.62	$	4.01	$	12.88

(1)     Includes fully vested RSUs held in our Deferred Compensation Plan of 403 in 2022, 453 in 2021 and 537 in 2020. 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
	2022	2021	2020
Sempra:
Common shares outstanding, January 1	316,919,782	288,470,244	291,712,925
Conversion of mandatory convertible preferred stock	—	18,037,745	—
Shares issued in IEnova exchange offer	—	12,306,777	—
RSUs vesting(1)	457,222	686,916	896,839
Stock options exercised	40,630	50,671	4,400
Savings plan issuance	—	—	201,431
Common stock investment plan(2)	—	—	42,955
Issuance of RSUs held in our Deferred Compensation Plan	65,013	102,238	103,552
Shares repurchased(3)	(3,147,969)	(2,734,809)	(4,491,858)
Common shares outstanding, December 31	314,334,678	316,919,782	288,470,244

(1)    Includes dividend equivalents.

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

(3)    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.