EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2



   Exhibit 99.2

SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        780

 

 $       1,079

 

 $            23

 

 $          314

 

 $         137

 

 $          153

 

 $           (30)

 

 

 $ 2,456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (561)

 

            (888)

 

             (25)

 

          (233)

 

           (95)

 

            (78)

 

              (12)

 

 

  (1,892)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (90)

 

             (73)

 

                  -

 

            (15)

 

           (13)

 

            (12)

 

                (4)

 

 

    (207)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

               79

 

                 -

 

             11

 

                 -

 

                (2)

 

 

        88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            19

 

                3

 

               (2)

 

                3

 

               2

 

                1

 

                26

 

 

        52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          148

 

             121

 

               75

 

              69

 

             42

 

              64

 

              (22)

 

 

      497

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (30)

 

             (17)

 

                  -

 

                1

 

             (7)

 

            (12)

 

              (43)

 

 

    (108)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (36)

 

             (29)

 

               (4)

 

            (27)

 

             (6)

 

            (17)

 

                24

 

 

      (95)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

               9

 

                 -

 

                   -

 

 

          9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

           (15)

 

                 -

 

                  -

 

                 -

 

             (1)

 

                 -

 

                  1

 

 

      (15)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

 $         67

 

 $            75

 

 $            71

 

 $           43

 

 $          37

 

 $           35

 

 $           (40)

 

 

 $    288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        802

 

 $          992

 

 $            14

 

 $          358

 

 $         119

 

 $           30

 

 $           (22)

 

 

 $ 2,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (590)

 

            (829)

 

             (18)

 

          (278)

 

           (99)

 

            (55)

 

                (7)

 

 

  (1,876)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (75)

 

             (71)

 

                  -

 

            (14)

 

           (10)

 

              (7)

 

                (2)

 

 

    (179)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             241

 

              (2)

 

             13

 

                 -

 

                (3)

 

 

      249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

           (55)

 

                1

 

                  -

 

              (2)

 

                -

 

              (2)

 

              (81)

 

 

    (139)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

            82

 

              93

 

             237

 

              62

 

             23

 

            (34)

 

            (115)

 

 

      348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

           (23)

 

             (16)

 

               (4)

 

                 -

 

             (4)

 

              (2)

 

              (33)

 

 

      (82)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (40)

 

             (23)

 

             (69)

 

              (2)

 

             (3)

 

              23

 

                99

 

 

      (15)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

               6

 

                 -

 

                   -

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

            62

 

                 -

 

                  -

 

                 -

 

                -

 

                 -

 

                   -

 

 

        62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

 $         81

 

 $            54

 

 $           164

 

 $           60

 

 $          22

 

 $         (13)

 

 $           (49)

 

 

 $    319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Tax" 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 tax, 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.

 

 

 



SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     2,916

 

 $       3,355

 

 $            73

 

 $      1,106

 

 $         465

 

 $         278

 

 $            (87)

 

 

 $ 8,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses (1)

 

       (1,998)

 

         (2,586)

 

             (74)

 

          (784)

 

          (473)

(1)

          (220)

 

               (22)

 

 

  (6,157)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (329)

 

            (293)

 

                  -

 

            (58)

 

            (45)

 

            (35)

 

               (15)

 

 

    (775)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             463

 

             (2)

 

              50

 

                -

 

               (12)

 

 

      499

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            64

 

                7

 

               (2)

 

               3

 

               2

 

               2

 

                 73

 

 

      149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

          653

 

             483

 

             460

 

            265

 

             (1)

 

              25

 

               (63)

 

 

    1,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

         (108)

 

             (66)

 

               (7)

 

                -

 

            (17)

 

            (24)

 

             (134)

 

 

    (356)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (177)

 

            (144)

 

           (108)

 

          (103)

 

              20

 

              15

 

                 75

 

 

    (422)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                -

 

              68

 

                -

 

                   -

 

 

        68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Earnings) Losses Attributable to Noncontrolling Interests

 

           (24)

 

                 -

 

                  -

 

                -

 

              31

 

                -

 

                   -

 

 

          7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

 $        344

 

 $          273

 

 $           345

 

 $         162

 

 $         101

 

 $           16

 

 $          (122)

 

 

 $ 1,119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     3,251

 

 $       4,768

 

 $           500

 

 $      1,784

 

 $         457

 

 $           74

 

 $            (76)

 

 

 $10,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (2,386)

 

         (4,054)

 

           (428)

 

       (1,409)

 

          (413)

 

          (130)

 

               (25)

 

 

  (8,845)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (298)

 

            (280)

 

               (6)

 

            (56)

 

            (20)

 

            (15)

 

               (12)

 

 

    (687)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on Sale of Assets

 

              3

 

                 -

 

             110

 

               2

 

                -

 

                -

 

                (1)

 

 

      114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             383

 

               8

 

              43

 

                -

 

               (14)

 

 

      420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

           (29)

 

                2

 

                  -

 

             (1)

 

               1

 

              11

 

               (93)

 

 

    (109)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (2)

 

          541

 

             436

 

             559

 

            328

 

              68

 

            (60)

 

             (221)

 

 

    1,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (3)

 

           (95)

 

             (52)

 

             (16)

 

             (6)

 

                -

 

             (7)

 

               (42)

 

 

    (218)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (161)

 

            (140)

 

           (201)

 

          (100)

 

            (23)

 

              21

 

               166

 

 

    (438)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                 3

 

                -

 

              60

 

                -

 

                   -

 

 

        63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses Attributable to Noncontrolling Interests

 

            54

 

                 -

 

                  -

 

                -

 

               1

 

                -

 

                   -

 

 

        55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

 $        339

 

 $          244

 

 $           345

 

 $         222

 

 $         106

 

 $         (46)

 

 $            (97)

 

 

 $ 1,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes $132 million write-off of long-lived assets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Management believes "Income (Loss) before Interest & Tax" 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 tax, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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