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Published: 2024-02-27 10:55:00 ET
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EX-99.2 3 ex99_2x20231231x10-k.htm EX-99.2 Document
Exhibit 99.2
SEMPRA
Table F
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended December 31, 2023Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$2,920 $— $586 $(15)$3,491 
Cost of sales and other expenses(1,840)— (380)(14)(2,234)
Depreciation and amortization(502)— (71)(3)(576)
Other income (expense), net27 — (1)30 56 
Income (loss) before interest and tax(1)
605 — 134 (2)737 
Net interest (expense) income(200)(1)16 (100)(285)
Income tax benefit (expense)95 (1)(118)33 9 
Equity earnings— 148 207 40 395 
Earnings attributable to noncontrolling interests— — (108)— (108)
Preferred dividends— — — (11)(11)
Earnings (losses) attributable to common shares$500 $146 $131 $(40)$737 
Three months ended December 31, 2022Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$3,358 $— $109 $(12)$3,455 
Cost of sales and other expenses(2,158)(2)(385)(28)(2,573)
Depreciation and amortization(448)— (69)(2)(519)
Other income, net21 — 4 2 27 
Income (loss) before interest and tax(1)
773 (2)(341)(40)390 
Net interest (expense) income(175)— 1 (67)(241)
Income tax (expense) benefit(104)1 (30)12 (121)
Equity earnings— 133 247 — 380 
Losses attributable to noncontrolling interests— — 41 — 41 
Preferred dividends— — — (11)(11)
Earnings (losses) attributable to common shares$494 $132 $(82)$(106)$438 
(1)     Management believes Income (Loss) Before Interest and 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.


SEMPRA
Table F (Continued)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Year ended December 31, 2023(1)
Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$13,761 $— $3,071 $(112)$16,720 
Cost of sales and other expenses(9,442)(5)(1,361)31 (10,777)
Depreciation and amortization(1,937)— (281)(9)(2,227)
Other income, net93 — 10 28 131 
Income (loss) before interest and tax(2)
2,475 (5)1,439 (62)3,847 
Net interest expense(758)(1)(86)(375)(1,220)
Income tax benefit (expense)31 (1)(673)153 (490)
Equity earnings— 701 740 40 1,481 
Earnings attributable to noncontrolling interests— — (543)— (543)
Preferred dividends(1)— — (44)(45)
Earnings (losses) attributable to common shares$1,747 $694 $877 $(288)$3,030 
Year ended December 31, 2022(1)
Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$12,577 $— $1,919 $(57)$14,439 
Cost of sales and other expenses
(8,188)(6)(1,642)(27)(9,863)
Aliso Canyon litigation and regulatory matters(259)— — — (259)
Depreciation and amortization(1,743)— (268)(8)(2,019)
Other income (expense), net
84 — — (60)24 
Income (loss) before interest and tax(2)
2,471 (6)9 (152)2,322 
Net interest expense(636)— (60)(283)(979)
Income tax (expense) benefit(320)— (249)13 (556)
Equity earnings
— 742 756 — 1,498 
Earnings attributable to noncontrolling interests— — (146)— (146)
Preferred dividends(1)— — (44)(45)
Earnings (losses) attributable to common shares$1,514 $736 $310 $(466)$2,094 
(1)     Derived from audited financial statements.
(2)    Management believes Income (Loss) Before Interest and 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.