Sempra Energy Financial Overview
2022 and 2017 ADJUSTED EARNINGS AND
ADJUSTED EPS (UNAUDITED)
Pretax
amount
Income tax
(benefit)
expense¹
Non-
controlling
interests
(Dollars in millions, except per share amounts; shares in thousands)
Year ended December 31, 2022
Earnings
Pretax
amount
Income tax
expense
(benefit)1
Non-
controlling
interests
Year ended December 31, 2017
Earnings
Sempra GAAP Earnings
Excluded items:
$
2,094
Impact associated with Aliso Canyon litigation and regulatory matters
Impact from foreign currency and inflation on our monetary positions in
Mexico and associated undesignated derivatives
$
259
$
(60) $
199
$
49
169
(54)
164
Net unrealized losses (gains) on commodity derivatives
669
(138)
(176)
355
(30)
(7)
380
wo
84
3
29
$
256
$
(29)
25
(4)
25
Net unrealized gains on a contingent interest rate swap related to the
proposed PA LNG Phase 1 project
(33)
6
10
(17)
Deferred income tax expense associated with the change in our indefinite
reinvestment assertion related to the sale of NCI to ADIA
Write-off of wildfire regulatory asset
Aliso Canyon litigation reserves
Impairment of TdM assets held for sale
Deferred income tax benefit associated with TdM
Recoveries related to 2016 permanent release of pipeline capacity
Impact from TCJA
| | | | |
120
120
351
(143)
I I
208
20
20
71
(24)
(8)
(47)
19
870
23 | 1
47
Sempra Adjusted Earnings
Diluted EPS:
$
2.915
(5)
(28)
870
$ 1,389
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
316,378
$
6.62
Sempra Adjusted EPS
$
9.21
Sempra GAAP Earnings CAGR (YTD 2017 to YTD 2022)
Sempra Adjusted Earnings CAGR (YTD 2017 to YTD 2022)
52 %
16 %
Sempra GAAP EPS CAGR (YTD 2017 to YTD 2022)
Sempra Adjusted EPS CAGR (YTD 2017 to YTD 2022)
$
ᏌᏊ Ꭿ
$
252,300
1.01
5.51
46 %
11 %
1.
Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. Income taxes on the impairment
of TdM were calculated based on the applicable statutory rate, including translation from historic to current exchange rates.
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