v3.6.0.2

QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) We provide quarterly financial information for Sempra Energy Consolidated, SDG&E and SoCalGas below:
SEMPRA ENERGY
(In millions, except per share amounts)
| Quarters ended
| March 31 |  | June 30 |  | September 30 |  | December 31
2016(1): |  |  |  |  |  |  |
Revenues | $ | 2,622 |  |  | $ | 2,156 |  |  | $ | 2,535 |  |  | $ | 2,870 |
Expenses and other income | $ | 2,167 |  |  | $ | 2,268 |  |  | $ | 1,553 |  |  | $ | 2,365 |
Net income | $ | 364 |  |  | $ | 27 |  |  | $ | 719 |  |  | $ | 409 |
Earnings attributable to Sempra Energy | $ | 353 |  |  | $ | 16 |  |  | $ | 622 |  |  | $ | 379 |
Basic per-share amounts(2): |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 1.46 |  |  | $ | 0.11 |  |  | $ | 2.87 |  |  | $ | 1.63 |
Earnings attributable to Sempra Energy | $ | 1.41 |  |  | $ | 0.06 |  |  | $ | 2.48 |  |  | $ | 1.51 |
Weighted-average common shares outstanding | 249.7 |  |  | 250.1 |  |  | 250.4 |  |  | 250.6 |
Diluted per-share amounts(2): |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 1.45 |  |  | $ | 0.11 |  |  | $ | 2.85 |  |  | $ | 1.62 |
Earnings attributable to Sempra Energy | $ | 1.40 |  |  | $ | 0.06 |  |  | $ | 2.46 |  |  | $ | 1.51 |
Weighted-average common shares outstanding | 251.5 |  |  | 252.0 |  |  | 252.4 |  |  | 251.6 |
2015: |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 2,682 |  |  | $ | 2,367 |  |  | $ | 2,481 |  |  | $ | 2,701 |
Expenses and other income | $ | 2,076 |  |  | $ | 1,971 |  |  | $ | 2,211 |  |  | $ | 2,269 |
Net income | $ | 458 |  |  | $ | 320 |  |  | $ | 282 |  |  | $ | 388 |
Earnings attributable to Sempra Energy | $ | 437 |  |  | $ | 295 |  |  | $ | 248 |  |  | $ | 369 |
Basic per-share amounts(2): |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 1.85 |  |  | $ | 1.29 |  |  | $ | 1.14 |  |  | $ | 1.56 |
Earnings attributable to Sempra Energy | $ | 1.76 |  |  | $ | 1.19 |  |  | $ | 1.00 |  |  | $ | 1.48 |
Weighted-average common shares outstanding | 247.7 |  |  | 248.1 |  |  | 248.4 |  |  | 248.7 |
Diluted per-share amounts(2): |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 1.83 |  |  | $ | 1.27 |  |  | $ | 1.12 |  |  | $ | 1.54 |
Earnings attributable to Sempra Energy | $ | 1.74 |  |  | $ | 1.17 |  |  | $ | 0.99 |  |  | $ | 1.47 |
Weighted-average common shares outstanding | 251.2 |  |  | 251.5 |  |  | 251.0 |  |  | 251.5 |
(1) | Reflects the prospective adoption of ASU 2016-09 effective January 1, 2016, as we discuss in Note 2.
(2) | Earnings per share are computed independently for each of the quarters and therefore may not sum to the total for the year.
In September 2016, Sempra Mexico recorded a $617 million noncash gain ($432 million after-tax; $350 million after-tax and noncontrolling interests) associated with the remeasurement of its equity interest in GdC, which we discuss in Note 3. In September 2016, Sempra Mexico recognized an impairment charge of $131 million ($111 million after-tax; $90 million after-tax and noncontrolling interests) related to assets held for sale at TdM, which we discuss in Notes 3 and 10. In May 2016, Sempra LNG & Midstream recorded a pretax charge of $206 million ($123 million after-tax) related to permanently released pipeline capacity with Rockies Express and others, which we discuss in Note 15. In March 2016, Sempra LNG & Midstream recognized an impairment charge of $44 million ($27 million after-tax) on its investment in Rockies Express, which we discuss in Notes 3 and 10.
SDG&E
(Dollars in millions)
| Quarters ended
| March 31 |  | June 30 |  | September 30 |  | December 31
2016(1): |  |  |  |  |  |  |
Operating revenues | $ | 991 |  |  | $ | 992 |  |  | $ | 1,209 |  |  | $ | 1,061 |
Operating expenses | 755 |  |  | 822 |  |  | 886 |  |  | 800 |
Operating income | $ | 236 |  |  | $ | 170 |  |  | $ | 323 |  |  | $ | 261 |
Net income | $ | 137 |  |  | $ | 87 |  |  | $ | 194 |  |  | $ | 147 |
(Earnings) losses attributable to noncontrolling interest | (1 | ) |  | 13 |  |  | (11 | ) |  | 4 |
Earnings attributable to common shares | $ | 136 |  |  | $ | 100 |  |  | $ | 183 |  |  | $ | 151 |
2015: |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 966 |  |  | $ | 972 |  |  | $ | 1,230 |  |  | $ | 1,051 |
Operating expenses | 684 |  |  | 745 |  |  | 930 |  |  | 802 |
Operating income | $ | 282 |  |  | $ | 227 |  |  | $ | 300 |  |  | $ | 249 |
Net income | $ | 151 |  |  | $ | 130 |  |  | $ | 182 |  |  | $ | 143 |
(Earnings) losses attributable to noncontrolling interest | (4 | ) |  | (4 | ) |  | (12 | ) |  | 1 |
Earnings attributable to common shares | $ | 147 |  |  | $ | 126 |  |  | $ | 170 |  |  | $ | 144 |
(1) | Reflects the prospective adoption of ASU 2016-09 effective January 1, 2016, as we discuss in Note 2.
SOCALGAS
(Dollars in millions)
| Quarters ended
| March 31 |  | June 30 |  | September 30 |  | December 31
2016(1): |  |  |  |  |  |  |
Operating revenues | $ | 1,033 |  |  | $ | 617 |  |  | $ | 686 |  |  | $ | 1,135 |
Operating expenses | 739 |  |  | 628 |  |  | 648 |  |  | 899 |
Operating income (loss) | $ | 294 |  |  | $ | (11 | ) |  | $ | 38 |  |  | $ | 236 |
Net income | $ | 199 |  |  | $ | — |  |  | $ | — |  |  | $ | 151 |
Dividends on preferred stock | — |  |  | (1 | ) |  | — |  |  | — |
Earnings (losses) attributable to common shares | $ | 199 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | 151 |
2015: |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 1,048 |  |  | $ | 780 |  |  | $ | 620 |  |  | $ | 1,041 |
Operating expenses | 728 |  |  | 686 |  |  | 633 |  |  | 834 |
Operating income (loss) | $ | 320 |  |  | $ | 94 |  |  | $ | (13 | ) |  | $ | 207 |
Net income (loss) | $ | 214 |  |  | $ | 71 |  |  | $ | (8 | ) |  | $ | 143 |
Dividends on preferred stock | — |  |  | (1 | ) |  | — |  |  | — |
Earnings (losses) attributable to common shares | $ | 214 |  |  | $ | 70 |  |  | $ | (8 | ) |  | $ | 143 |
(1) | Reflects the prospective adoption of ASU 2016-09 effective January 1, 2016, as we discuss in Note 2.
SoCalGas recognizes annual authorized revenue for core natural gas customers using seasonal factors established in the Triennial Cost Allocation Proceeding. Accordingly, substantially all of SoCalGas’ annual earnings are recognized in the first and fourth quarters each year.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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