v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2009
Jun. 30, 2008
Jun. 30, 2009
Jun. 30, 2008
Sempra Energy Consolidated
       
REVENUES        
Sempra Utilities $ 1,316 $ 1,887 [1] $ 2,958 $ 4,177 [1]
Sempra Global and parent 373 616 [1] 839 1,596 [1]
Total revenues 1,689 2,503 [1] 3,797 5,773 [1]
Sempra Utilities:        
Cost of natural gas (249) (784) [1] (789) (2,019) [1]
Cost of electric fuel and purchased power (129) (220) [1] (300) (383) [1]
Sempra Global and parent:        
Cost of natural gas, electric fuel and purchased power (187) (513) [1] (455) (922) [1]
Other cost of sales (16) (17) [1] (33) (153) [1]
Operation and maintenance (589) (549) [1] (1,105) (1,252) [1]
Depreciation and amortization (189) (171) [1] (372) (346) [1]
Franchise fees and other taxes (69) (71) [1] (151) (154) [1]
Gains on sale of assets 3 109 [1] 3 114 [1]
Write-off of long-lived assets (132) 0 [1] (132) 0 [1]
Equity earnings (losses):        
RBS Sempra Commodities LLP 126 146 [1] 279 146 [1]
Other 2 9 [1] 9 15 [1]
Other income (expense), net 70 32 [1] 73 51 [1]
Interest income 5 10 [1] 11 24 [1]
Interest expense (79) (38) [1] (161) (98) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 256 446 [1] 674 796 [1]
Income tax expense (90) (202) [1] (199) (329) [1]
Equity earnings, net of income tax 23 18 [1] 39 39 [1]
Net income 189 262 [1] 514 506 [1]
Earnings attributable to noncontrolling interests 12 (15) [1] 5 (15) [1]
Preferred dividends of subsidiaries (3) (3) [1] (5) (5) [1]
Earnings 198 244 [1] 514 486 [1]
Basic earnings per share:        
Basic earnings per common share $ 0.82 $ 0.99 [1] $ 2.12 $ 1.93 [1]
Basic earnings per share, weighted-average number of shares outstanding (thousands) 242,718 245,576 [1] 242,245 252,100 [1]
Diluted earnings per share:        
Diluted earnings per common share $ 0.80 $ 0.98 [1] $ 2.09 $ 1.90 [1]
Diluted earnings per share, weighted-average number of shares outstanding (thousands) 247,090 249,677 [1] 246,039 256,169 [1]
Dividends declared per share of common stock $ 0.39 $ 0.35 [1] $ 0.78 $ 0.67 [1]
San Diego Gas and Electric Company and Subsidiary
       
Utility operating revenues        
Electric 535 583 [1] 1,088 1,084 [1]
Natural gas 96 171 [1] 275 416 [1]
Total utility operating revenues 631 754 [1] 1,363 1,500 [1]
Utility operating expenses        
Utility cost of natural gas 37 113 [1] 124 265 [1]
Utility cost of electric fuel and purchased power 129 220 [1] 300 383 [1]
Utility operation and maintenance 232 195 [1] 413 382 [1]
Utility depreciation and amortization 81 78 [1] 158 155 [1]
Utility franchise fees and other taxes 39 36 [1] 80 74 [1]
Total utility operating expenses 518 642 [1] 1,075 1,259 [1]
Utility operating income 113 112 [1] 288 241 [1]
Equity earnings (losses):        
Other income (expense), net 27 20 [1] 44 23 [1]
Interest income 0 2 [1] 0 4 [1]
Interest expense (21) (22) [1] (46) (49) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 119 112 [1] 286 219 [1]
Income tax expense (28) (35) [1] (88) (67) [1]
Net income 91 77 [1] 198 152 [1]
Earnings attributable to noncontrolling interests (20) (15) [1] (27) (15) [1]
Earnings 71 62 [1] 171 137 [1]
Preferred dividend requirements (1) (1) [1] (2) (2) [1]
Earnings attributable to common shares 70 61 [1] 169 135 [1]
Pacific Enterprises and Subsidiaries
       
Utility operating revenues        
Total utility operating revenues 694 1,143 [1] 1,614 2,699 [1]
Utility operating expenses        
Utility cost of natural gas 214 673 [1] 669 1,760 [1]
Utility operation and maintenance 266 265 [1] 517 515 [1]
Utility depreciation and amortization 75 71 [1] 147 142 [1]
Utility franchise fees and other taxes 24 32 [1] 56 71 [1]
Total utility operating expenses 579 1,041 [1] 1,389 2,488 [1]
Utility operating income 115 102 [1] 225 211 [1]
Equity earnings (losses):        
Other income (expense), net 4 1 [1] 5 1 [1]
Interest income 2 6 [1] 3 13 [1]
Interest expense (18) (15) [1] (35) (32) [1]
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 103 94 [1] 198 193 [1]
Income tax expense (40) (36) [1] (76) (77) [1]
Net income 63 58 [1] 122 116 [1]
Preferred dividends of subsidiaries (1) (1) [1] (1) (1) [1]
Earnings 62 57 [1] 121 115 [1]
Preferred dividend requirements (1) (1) [1] (2) (2) [1]
Earnings attributable to common shares 61 56 [1] 119 113 [1]
Southern California Gas Company and Subsidiaries
       
Utility operating revenues        
Total utility operating revenues 694 1,143 1,614 2,699
Utility operating expenses        
Utility cost of natural gas 214 673 669 1,760
Utility operation and maintenance 265 266 516 515
Utility depreciation and amortization 75 71 147 142
Utility franchise fees and other taxes 24 32 56 71
Total utility operating expenses 578 1,042 1,388 2,488
Utility operating income 116 101 226 211
Equity earnings (losses):        
Other income (expense), net 4 2 5 2
Interest income 1 4 2 7
Interest expense (18) (14) (35) (30)
Income before income taxes and equity earnings of certain unconsolidated subsidiaries 103 93 198 190
Income tax expense (37) (36) (73) (76)
Net income 66 57 125 114
Earnings 66 57 125 114
Preferred dividend requirements (1) (1) (1) (1)
Earnings attributable to common shares $ 65 $ 56 $ 124 $ 113
[1] As adjusted for the retrospective adoption of SFAS 160 (ASC 810).