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

12 Months Ended

Dec. 31, 2020

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,
	2020		2019		2018
Numerator for continuing operations:
Income from continuing operations, net of income tax	$	2,255	$	1,999	$	938
Earnings attributable to noncontrolling interests	(162)		(129)		(44)
Preferred dividends	(168)		(142)		(125)
Preferred dividends of subsidiary	(1)		(1)		(1)
Earnings from continuing operations attributable to common shares	$	1,924	$	1,727	$	768
Numerator for discontinued operations:
Income from discontinued operations, net of income tax	$	1,850	$	363	$	188
Earnings attributable to noncontrolling interests	(10)		(35)		(32)
Earnings from discontinued operations attributable to common shares	$	1,840	$	328	$	156
Numerator for earnings:
Earnings attributable to common shares	$	3,764	$	2,055	$	924
Denominator:
Weighted-average common shares outstanding for basic EPS(1)	291,077		277,904		268,072
Dilutive effect of stock options and RSUs(2)	1,175		1,585		919
Dilutive effect of common shares sold forward	—		2,544		861
Weighted-average common shares outstanding for diluted EPS	292,252		282,033		269,852
Basic EPS:
Earnings from continuing operations	$	6.61	$	6.22	$	2.86
Earnings from discontinued operations	$	6.32	$	1.18	$	0.59
Earnings	$	12.93	$	7.40	$	3.45
Diluted EPS:
Earnings from continuing operations	$	6.58	$	6.13	$	2.84
Earnings from discontinued operations	$	6.30	$	1.16	$	0.58
Earnings	$	12.88	$	7.29	$	3.42

(1)     Includes fully vested RSUs held in our Deferred Compensation Plan of 537 in 2020, 617 in 2019 and 641 in 2018. 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 Energy 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
	Years ended December 31,
	2020	2019	2018
Common shares outstanding, January 1	291,712,925	273,769,513	251,358,977
Shares issued under forward sale agreements	—	16,906,185	21,175,473
RSUs vesting(1)	896,839	463,012	509,042
Stock options exercised	4,400	52,540	138,861
Savings plan issuance	201,431	475,774	553,036
Common stock investment plan(2)	42,955	199,253	231,242
Issuance of RSUs held in our Deferred Compensation Plan	103,552	59,470	3,357
Shares repurchased(3)	(4,491,858)	(212,822)	(200,475)
Common shares outstanding, December 31	288,470,244	291,712,925	273,769,513

(1)    Includes dividend equivalents.

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

(3)    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. In 2020, shares repurchased includes shares repurchased under the ASR program that we discuss above.