Sempra Energy Financial Overview
Adjusted Earnings (Losses) by Business Units
(Unaudited)
(Dollars in millions)
GAAP Earnings (Losses)
Impact associated with Aliso Canyon litigation and regulatory matters, net of $60 income
tax benefit
Impact from foreign currency and inflation on our monetary positions in Mexico, net of
$169 income tax expense and $(54) for NCI
Net unrealized losses on commodity derivatives, net of $138 income tax benefit and
$(176) for NCI
Net unrealized gains on a contingent interest rate swap related to the proposed PA LNG
Phase 1 project, net of $6 income tax expense and $10 for NCI
Deferred income tax expense associated with the change in our indefinite reinvestment
assertion related to the sale of NCI to ADIA
Adjusted Earnings (Losses)
Percentage of Sempra GAAP Earnings, excluding P&O
Percentage of Sempra GAAP Earnings, excluding P&O - North America
Percentage of Sempra GAAP Earnings, excluding P&O - South America
Percentage of Sempra Adjusted Earnings, excluding P&O
Percentage of Sempra Adjusted Earnings, excluding P&O - North America
Percentage of Sempra Adjusted Earnings, excluding P&O - South America
Sempra
Year ended December 31, 2022
Sempra
Infrastructure
SDG&E
SoCalGas
Sempra
California
Texas
Utilities
$ 915
$ 599
$ 1,514
$ 736
199
199
$
Parent &
Sempra
excluding P&O
Other
(P&O)
310
$
2,560 $ (466)
$
Total Sempra
2,094
199
199
162
355
162
2
164
355
355
(17)
(17)
(17)
120
120
$
915
$
798
$
1,713
$
736
$
810
$
3.259
$ (344) $
2,915
36 %
23 %
59 %
29 %
12 %
100 %
59 %
29 %
12 %
100 %
%
28 %
24 %
52 %
23 %
52 %
23 %
25 %
100 %
25%
100%
Year ended December 31, 2017
(Dollars in millions)
GAAP Earnings (Losses)
Impact from foreign currency and inflation on our monetary positions in Mexico and
associated undesignated derivatives, net of $84 income tax expense and ($29) NCI
Net unrealized gains on commodity derivatives, net of $3 income tax expense
Write-off of wildfire regulatory asset, net of $143 income tax benefit
Aliso Canyon litigation reserves
Impairment of TdM assets held for sale, net of $24 NCI
Deferred income tax benefit associated with TdM, net of $(3) NCI
Recoveries related to 2016 permanent release of pipeline capacity, net of $19 income
tax expense
SDG&E
SoCalGas
Sempra
California
Sempra
Mexico
Sempra
LNG
Sempra
Renewables
Sempra
Infrastructure
Discontinued
Operations
$ 407
$ 396
$
803
$ 169 $ 150
$
252
$
571
$
(58)
$
7
(4)
7
(4)
(2)
Sempra
excluding P&O
1,316
P&O Total Sempra
256
$ (1,060) $
5
20
25
(4)
(4)
208
20
208
20
208
208
20
20
47
47
47
47
(5)
(5)
(5)
(5)
Impact from the TCJA
28
2
30
(28)
(133)
(28)
(28)
(28)
(192)
(325)
251
(44)
914
870
$ 643 $
31 %
42 %
Adjusted Earnings (Losses)
Percentage of Sempra GAAP Earnings, excluding P&O
Percentage of Sempra GAAP Earnings, excluding P&O - North America
Percentage of Sempra GAAP Earnings, excluding P&O - South America
Percentage of Sempra Adjusted Earnings, excluding P&O
Percentage of Sempra Adjusted Earnings, excluding P&O - North America
Percentage of Sempra Adjusted Earnings, excluding P&O South America
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.
418
$
1,061
$
218
$ (15)
$
60 $
263 $
191 $
1,515
$
(126) $
1,389
30 %
61 %
13 %
11 %
19 %
43 %
(4)%
100 %
61 %
43 %
104 %
(4)%
(4)%
28 %
70 %
70 %
14 %
(1)%
4 %
17 %
13 %
100 %
17 %
87 %
13 %
13%
SEMPRA | 32View entire presentation