Sempra Energy Financial Overview
Adjusted Earnings and Adjusted EPS
(Unaudited)
(Dollars in millions, except per share amounts; shares in thousands)
Pretax
Income tax
expense
Non-
controlling
amount (benefit)1 interests Earnings
Three months ended December 31, 2022
$
438
Pretax
amount
Income tax
Non-
(benefit)
controlling
expense¹ interests Earnings
Three months ended December 31, 2021
Sempra GAAP Earnings
Excluded items:
Impact associated with Aliso Canyon litigation
$ 604
$
$
$
$
22 $
(6) $
16
Impact from foreign currency and inflation on our monetary positions in Mexico and
associated undesignated derivatives
19
89
(33)
75
8
(4)
(1)
3
Net unrealized losses (gains) on commodity derivatives
486
(96)
(143)
247
(222)
49
44
(129)
Net unrealized gains on a contingent interest rate swap related to the proposed PA LNG
Phase 1 project
(33)
6
10
(17)
Costs associated with early redemptions of debt
180
Net income tax expense related to the utilization of a deferred income tax asset
Sempra Adjusted Earnings
(51)
72
སེ།
$
743
122
72
688
Diluted EPS:
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted EPS
316,148
$
1.39
$
2.35
Year ended December 31, 2022
$
2,094
319,510
$ 1.90
$ 2.16
Year ended December 31, 2021
Sempra GAAP Earnings
$ 1,254
Excluded items:
Impact associated with Aliso Canyon litigation and regulatory matters
$
259
$
(60) $
199
$
1,593 $ (445) $
1,148
Impact from foreign currency and inflation on our monetary positions in Mexico and
associated undesignated derivatives
49
169
(54)
164
44
4
Net unrealized losses on commodity derivatives
669
(138)
(176)
355
23
(18)
42
Net unrealized gains on a contingent interest rate swap related to the proposed PA LNG
Phase 1 project
(33)
6
10
(17)
ཙསྦ 1
(4)
44
47
Deferred income tax expense associated with the change in our indefinite reinvestment
assertion related to the sale of NCI to ADIA
120
120
Costs associated with early redemption of debt
180
(51)
Net income tax expense related to the utilization of a deferred income tax asset
72
(50)
| |སྱེ།
122
72
$
2,915
(50)
$ 2,637
Earnings from investment in RBS Sempra Commodities LLP
Sempra Adjusted Earnings
Diluted EPS:
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted EPS
Sempra GAAP Earnings CAGR (YTD 2021 to YTD 2022)
Sempra Adjusted Earnings CAGR (YTD 2021 to YTD 2022)
1.
67 %
11 %
316,378
$
6.62
$
9.21
Sempra GAAP EPS CAGR (YTD 2021 to YTD 2022)
Sempra Adjusted EPS CAGR (YTD 2021 to YTD 2022)
Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income
tax expense for the equity earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United
Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes.
313,036
$ 4.01
$
8.43
65 %
9%
SEMPRA | 29View entire presentation