EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        746

 

 $       1,556

 

 $           457

 

 $         446

 

 $           93

 

 $        (10)

 

 $            (18)

 

 

 $ 3,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          540

 

          1,375

 

              351

 

            357

 

              88

 

              12

 

                   1

 

 

    2,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            77

 

              71

 

                  6

 

              14

 

                2

 

                 -

 

                   5

 

 

       175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          129

 

             110

 

              100

 

              75

 

                3

 

           (22)

 

               (24)

 

 

       371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              3

 

                 -

 

                  -

 

                3

 

                8

 

              15

 

                 (4)

 

 

         25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          132

 

             110

 

              100

 

              78

 

              11

 

             (7)

 

               (28)

 

 

       396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            26

 

              13

 

                  5

 

                2

 

             (1)

 

                1

 

                   2

 

 

         48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            32

 

              40

 

                39

 

              31

 

                4

 

                1

 

               (20)

 

 

       127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                  3

 

                 -

 

              18

 

                 -

 

                    -

 

 

         21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         74

 

 $            57

 

 $             59

 

 $           45

 

 $           26

 

 $          (9)

 

 $            (10)

 

 

 $    242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        709

 

 $       1,368

 

 $           512

 

 $         397

 

 $           77

 

 $          (7)

 

 $            (52)

 

 

 $ 3,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          514

 

          1,191

 

              474

 

            299

 

              70

 

              10

 

                 10

 

 

    2,568

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            75

 

              69

 

                  7

 

              12

 

                3

 

                 -

 

                   3

 

 

       169

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          120

 

             108

 

                31

 

              86

 

                4

 

           (17)

 

               (65)

 

 

       267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              4

 

               (2)

 

                  -

 

                 -

 

                 -

 

                 -

 

                   9

 

 

         11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          124

 

             106

 

                31

 

              86

 

                4

 

           (17)

 

               (56)

 

 

       278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            24

 

              12

 

                  2

 

             (7)

 

                1

 

                1

 

                 13

 

 

         46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            38

 

              39

 

                  4

 

              39

 

             (1)

 

             (8)

 

               (48)

 

 

         63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                46

 

                 -

 

              12

 

                 -

 

                    -

 

 

         58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                 -

 

                 -

 

                 -

 

                   1

 

 

           1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         62

 

 $            55

 

 $             71

 

 $           54

 

 $           16

 

 $        (10)

 

 $            (20)

 

 

 $    228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest Expense (Income) includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.