REVENUES (Tables)
|
3 Months Ended |
Mar. 31, 2018 |
|---|
| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table disaggregates our revenues from contracts with customers by major service line, market and timing of recognition and provides a reconciliation to total revenues by segment for the three months ended March 31, 2018. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DISAGGREGATED REVENUES | (Dollars in millions) | | Three months ended March 31, 2018 | | SDG&E | | SoCalGas | | Sempra South American Utilities | | Sempra Mexico | | Sempra Renewables | | Sempra LNG & Midstream | | Consolidating adjustments | | Sempra Energy Consolidated | By major service line: | | | | | | | | | | | | | | | | Utilities | $ | 1,131 |
| | $ | 1,081 |
| | $ | 408 |
| | $ | 28 |
| | $ | — |
| | $ | — |
| | $ | (19 | ) | | $ | 2,629 |
| Midstream | — |
| | — |
| | — |
| | 143 |
| | — |
| | 54 |
| | (21 | ) | | 176 |
| Renewables | — |
| | — |
| | — |
| | 22 |
| | 11 |
| | 1 |
| | (1 | ) | | 33 |
| Other | — |
| | — |
| | 17 |
| | 41 |
| | — |
| | 2 |
| | (2 | ) | | 58 |
| Revenues from contracts with customers | $ | 1,131 |
| | $ | 1,081 |
| | $ | 425 |
| | $ | 234 |
| | $ | 11 |
| | $ | 57 |
| | $ | (43 | ) | | $ | 2,896 |
| | | | | | | | | | | | | | | | | By market: | | | | | | | | | | | | | | | | Electric | $ | 963 |
| | $ | — |
| | $ | 425 |
| | $ | 62 |
| | $ | 11 |
| | $ | 2 |
| | $ | (4 | ) | | $ | 1,459 |
| Gas | 168 |
| | 1,081 |
| | — |
| | 172 |
| | — |
| | 55 |
| | (39 | ) | | 1,437 |
| Revenues from contracts with customers | $ | 1,131 |
| | $ | 1,081 |
| | $ | 425 |
| | $ | 234 |
| | $ | 11 |
| | $ | 57 |
| | $ | (43 | ) | | $ | 2,896 |
| | | | | | | | | | | | | | | | | By timing of recognition: | | | | | | | | | | | | | | | | Over time | $ | 1,104 |
| | $ | 1,051 |
| | $ | 420 |
| | $ | 234 |
| | $ | 11 |
| | $ | 40 |
| | $ | (37 | ) | | $ | 2,823 |
| Point in time | 27 |
| | 30 |
| | 5 |
| | — |
| | — |
| | 17 |
| | (6 | ) | | 73 |
| Revenues from contracts with customers | $ | 1,131 |
| | $ | 1,081 |
| | $ | 425 |
| | $ | 234 |
| | $ | 11 |
| | $ | 57 |
| | $ | (43 | ) | | $ | 2,896 |
| | | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 1,131 |
| | $ | 1,081 |
| | $ | 425 |
| | $ | 234 |
| | $ | 11 |
| | $ | 57 |
| | $ | (43 | ) | | $ | 2,896 |
| Utilities regulatory revenues | (76 | ) | | 45 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (31 | ) | Other revenues | — |
| | — |
| | 1 |
| | 74 |
| | 14 |
| | 47 |
| | (39 | ) | | 97 |
| Total revenues | $ | 1,055 |
| | $ | 1,126 |
| | $ | 426 |
| | $ | 308 |
| | $ | 25 |
| | $ | 104 |
| | $ | (82 | ) | | $ | 2,962 |
|
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| Schedule of Timing of Remaining Performance Obligations |
For contracts greater than one year, at March 31, 2018, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. SoCalGas did not have any such remaining performance obligations at March 31, 2018. | | | | | | | | REMAINING PERFORMANCE OBLIGATIONS(1) | | | (Dollars in millions) | | | | Sempra Energy Consolidated | SDG&E | 2018 | $ | 531 |
| $ | 2 |
| 2019 | 533 |
| 3 |
| 2020 | 532 |
| 3 |
| 2021 | 528 |
| 3 |
| 2022 | 531 |
| 3 |
| Thereafter | 3,384 |
| 55 |
| Total revenues to be recognized | $ | 6,039 |
| $ | 69 |
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(1) Excludes intercompany transactions.
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| Schedule of Contract Liabilities |
Activities within Sempra Energy’s contract liabilities for the three months ended March 31, 2018 are presented below. There were no contract liabilities at SDG&E or SoCalGas at March 31, 2018. | | | | | CONTRACT LIABILITIES | | (Dollars in millions) | | Opening balance, January 1, 2018 | $ | — |
| Adoption of ASC 606 adjustment | (68 | ) | Revenue from performance obligations satisfied during reporting period | 12 |
| Payments received in advance | (15 | ) | Closing balance, March 31, 2018(1) | $ | (71 | ) |
| | (1) | Includes $9 million in Other Current Liabilities and $62 million in Deferred Credits and Other on the Sempra Energy Condensed Consolidated Balance Sheet. |
|
| Schedule of Contract Accounts Receivable |
The table below shows receivable balances associated with revenues from contracts with customers on our Condensed Consolidated Balance Sheets. | | | | | | | | | RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS | | | (Dollars in millions) | | | | | March 31, 2018 | | January 1, 2018 | Sempra Energy Consolidated: | | | | Accounts receivable – trade, net | $ | 1,226 |
| | $ | 1,194 |
| Accounts receivable – other, net | 11 |
| | 10 |
| Due from unconsolidated affiliates – current | 9 |
| | 8 |
| Total | $ | 1,246 |
| | $ | 1,212 |
| SDG&E: | | | | Accounts receivable – trade, net | $ | 376 |
| | $ | 362 |
| Accounts receivable – other, net | 6 |
| | 3 |
| Due from unconsolidated affiliates – current(1) | 3 |
| | 3 |
| Total | $ | 385 |
| | $ | 368 |
| SoCalGas: | | | | Accounts receivable – trade, net | $ | 509 |
| | $ | 517 |
| Accounts receivable – other, net | 3 |
| | 7 |
| Total | $ | 512 |
| | $ | 524 |
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(1) This amount is netted against current amounts due to unconsolidated affiliates on the SDG&E Condensed Consolidated Balance Sheet.
|