EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2



         SEMPRA ENERGY

           Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Data by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        939

 

$          983

 

$           384

 

$          168

 

$            21

 

$          253

 

$             (98)

 

 

$  2,650

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(637)

 

(800)

 

(301)

 

(113)

 

(13)

 

(220)

 

92

 

 

(1,992)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on Sale of Asset

 

-

 

-

 

-

 

-

 

-

 

74

 

-

 

 

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(134)

 

(100)

 

(15)

 

(16)

 

(8)

 

(20)

 

(2)

 

 

(295)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

1

 

9

 

-

 

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

11

 

4

 

3

 

9

 

-

 

2

 

8

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Before Interest & Tax (1)

 

179

 

87

 

71

 

48

 

1

 

98

 

-

 

 

484

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(48)

 

(17)

 

(2)

 

(1)

 

(5)

 

(12)

 

(49)

 

 

(134)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(51)

 

(24)

 

(17)

 

(26)

 

8

 

(33)

 

(35)

 (3)

 

(178)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity (Losses) Earnings Recorded Net of Income Tax

 

-

 

-

 

(7)

 

11

 

-

 

-

 

-

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses (Earnings) Attributable to Noncontrolling Interests

 

11

 

-

 

(8)

 

(1)

 

-

 

-

 

-

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$         91

 

$            46

 

$             37

 

$            31

 

$             4

 

$            53

 

$             (84)

 

 

$     178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Sempra South American Utilities

 

Sempra Mexico

 

Sempra Renewables

 

Sempra Natural Gas

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$        834

 

$          880

 

$           357

 

$          136

 

$             8

 

$          269

 

$            (101)

 

 

$  2,383

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

(544)

 

(674)

 

(281)

 

(75)

 

(9)

 

(245)

 

80

 

 

(1,748)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

(112)

 

(87)

 

(13)

 

(16)

 

(3)

 

(23)

 

(3)

 

 

(257)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Before Income Tax

 

-

 

-

 

-

 

-

 

1

 

11

 

-

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

30

 

4

 

2

 

15

 

-

 

-

 

24

 

 

75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

208

 

123

 

65

 

60

 

(3)

 

12

 

-

 

 

465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

(37)

 

(17)

 

(6)

 

(3)

 

(4)

 

(9)

 

(34)

 

 

(110)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

(60)

 

(40)

 

(13)

 

(35)

 

17

 

(2)

 

16

 

 

(117)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

-

 

-

 

-

 

11

 

-

 

-

 

-

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Attributable to Noncontrolling Interests

 

(6)

 

-

 

(6)

 

-

 

-

 

-

 

(1)

 

 

(13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses)

 

$        105

 

$            66

 

$             40

 

$            33

 

$            10

 

$             1

 

$             (19)

 

 

$     236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) Before Interest & 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3) Includes $63 million income tax expense resulting from a corporate reorganization in connection with the IEnova stock offerings.