v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2009
Sep. 30, 2008
Sep. 30, 2009
Sep. 30, 2008
Sempra Energy Consolidated
       
REVENUES        
Sempra Utilities $ 1,424 $ 2,013 [1] $ 4,382 $ 6,190 [1]
Sempra Global and parent 429 679 [1] 1,268 2,275 [1]
Total revenues 1,853 2,692 [1] 5,650 8,465 [1]
Sempra Utilities:        
Cost of natural gas (208) (689) [1] (997) (2,708) [1]
Cost of electric fuel and purchased power (208) (311) [1] (508) (694) [1]
Sempra Global and parent:        
Cost of natural gas, electric fuel and purchased power (220) (431) [1] (675) (1,353) [1]
Other cost of sales (19) (15) [1] (52) (168) [1]
Operation and maintenance (571) (564) [1] (1,676) (1,816) [1]
Depreciation and amortization (196) (162) [1] (568) (508) [1]
Franchise fees and other taxes (77) (76) [1] (228) (230) [1]
Gains on sale of assets 0 0 [1] 3 114 [1]
Write-off of long-lived assets 0 0 [1] (132) 0 [1]
Equity earnings (losses):        
RBS Sempra Commodities LLP 105 (4) [1] 384 142 [1]
Other 18 14 [1] 27 29 [1]
Other income (expense), net 24 (21) [1] 97 30 [1]
Interest income 5 12 [1] 16 36 [1]
Interest expense (96) (67) [1] (257) (165) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 410 378 [1] 1,084 1,174 [1]
Income tax expense (128) (94) [1] (327) (423) [1]
Equity earnings, net of income tax 20 18 [1] 59 57 [1]
Net income 302 302 [1] 816 808 [1]
(Earnings) losses attributable to noncontrolling interests 17 8 [1] 22 (7) [1]
Preferred dividends of subsidiaries (2) (2) [1] (7) (7) [1]
Earnings 317 308 [1] 831 794 [1]
Basic earnings per share:        
Basic earnings per common share $ 1.30 $ 1.26 [1] $ 3.42 $ 3.18 [1]
Basic earnings per share, weighted-average number of shares outstanding (thousands) 243,925 243,793 [1] 242,806 249,311 [1]
Diluted earnings per share:        
Diluted earnings per common share $ 1.27 $ 1.24 [1] $ 3.37 $ 3.13 [1]
Diluted earnings per share, weighted-average number of shares outstanding (thousands) 248,461 247,904 [1] 246,875 253,407 [1]
Dividends declared per share of common stock $ 0.39 $ 0.35 [1] $ 1.17 $ 1.02 [1]
San Diego Gas and Electric Company and Subsidiary
       
Utility operating revenues        
Electric 695 817 [1] 1,783 1,901 [1]
Natural gas 78 132 [1] 353 548 [1]
Total utility operating revenues 773 949 [1] 2,136 2,449 [1]
Utility operating expenses        
Utility cost of natural gas 30 84 [1] 154 349 [1]
Utility cost of electric fuel and purchased power 208 311 [1] 508 694 [1]
Utility operation and maintenance 234 222 [1] 655 595 [1]
Utility depreciation and amortization 81 68 [1] 239 223 [1]
Utility franchise fees and other taxes 46 43 [1] 126 117 [1]
Utility litigation expense 2 29 [1] (6) 38 [1]
Total utility operating expenses 601 757 [1] 1,676 2,016 [1]
Utility operating income 172 192 [1] 460 433 [1]
Equity earnings (losses):        
Other income (expense), net 1 3 [1] 45 26 [1]
Interest income 1 1 [1] 1 5 [1]
Interest expense (29) (24) [1] (75) (73) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 145 172 [1] 431 391 [1]
Income tax expense (53) (54) [1] (141) (121) [1]
Net income 92 118 [1] 290 270 [1]
(Earnings) losses attributable to noncontrolling interests 18 7 [1] (9) (8) [1]
Earnings 110 125 [1] 281 262 [1]
Preferred dividend requirements (2) (2) [1] (4) (4) [1]
Earnings attributable to common shares 108 123 [1] 277 258 [1]
Pacific Enterprises and Subsidiaries
       
Utility operating revenues        
Total utility operating revenues 662 1,077 [1] 2,276 3,776 [1]
Utility operating expenses        
Utility cost of natural gas 180 609 [1] 849 2,369 [1]
Utility operation and maintenance 249 241 [1] 766 756 [1]
Utility depreciation and amortization 73 67 [1] 220 209 [1]
Utility franchise fees and other taxes 25 29 [1] 81 100 [1]
Total utility operating expenses 527 946 [1] 1,916 3,434 [1]
Utility operating income 135 131 [1] 360 342 [1]
Equity earnings (losses):        
Other income (expense), net (4) 1 [1] 1 2 [1]
Interest income 0 5 [1] 3 18 [1]
Interest expense (17) (15) [1] (52) (47) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 114 122 [1] 312 315 [1]
Income tax expense (41) (42) [1] (117) (119) [1]
Net income 73 80 [1] 195 196 [1]
Preferred dividends of subsidiaries 0 0 [1] (1) (1) [1]
Earnings 73 80 [1] 194 195 [1]
Preferred dividend requirements (1) (1) [1] (3) (3) [1]
Earnings attributable to common shares 72 79 [1] 191 192 [1]
Southern California Gas Company and Subsidiaries
       
Utility operating revenues        
Total utility operating revenues 662 1,077 2,276 3,776
Utility operating expenses        
Utility cost of natural gas 180 609 849 2,369
Utility operation and maintenance 252 241 768 756
Utility depreciation and amortization 73 67 220 209
Utility franchise fees and other taxes 25 29 81 100
Total utility operating expenses 530 946 1,918 3,434
Utility operating income 132 131 358 342
Equity earnings (losses):        
Other income (expense), net (1) (1) 4 1
Interest income 1 2 3 9
Interest expense (16) (14) (51) (44)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 116 118 314 308
Income tax expense (42) (41) (115) (117)
Net income 74 77 199 191
Earnings 74 77 199 191
Preferred dividend requirements 0 0 (1) (1)
Earnings attributable to common shares $ 74 $ 77 $ 198 $ 190
[1] As adjusted for the retrospective adoption of ASC 810 (SFAS 160).