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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION At March 31, 2019, we had six separately managed, reportable segments, as follows:
▪ | SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.
▪ | SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California.
▪ | Sempra Texas Utility holds our investment in Oncor Holdings, which owns an 80.25-percent interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern and western parts of Texas.
▪ | Sempra Mexico develops, owns and operates, or holds interests in, natural gas, electric, LNG, LPG, ethane and liquid fuels infrastructure, and has marketing operations for the purchase of LNG and the purchase and sale of natural gas in Mexico.
▪ | Sempra Renewables develops, owns and operates, or holds interests in, wind power generation facilities serving wholesale electricity markets in the U.S. In December 2018, Sempra Renewables completed the sale of all its operating solar assets, solar and battery storage development projects and one wind generation facility. In April 2019, Sempra Renewables completed the sale of its remaining wind assets and investments. Upon completion of this sale, remaining nominal business activities at Sempra Renewables were subsumed into Parent and other and the Sempra Renewables segment ceased to exist.
▪ | Sempra LNG (previously known as Sempra LNG & Midstream) develops, owns and operates, or holds interests in, terminals for the import and export of LNG and sale of natural gas, natural gas pipelines and marketing operations, all within the U.S. and Mexico. In February 2019, we completed the sale of our natural gas storage assets at Mississippi Hub and Bay Gas.
As we discuss in Note 5, the financial information related to our businesses that constituted the Sempra South American Utilities segment has been reclassified to discontinued operations for all periods presented. The information in the tables below excludes amounts from discontinued operations unless otherwise noted. We evaluate each segment’s performance based on its contribution to Sempra Energy’s reported earnings and cash flows. The California Utilities operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC. The California Utilities’ operations are based on rates set by the CPUC and the FERC. We describe the accounting policies of all of our segments in Note 1 of the Notes to Consolidated Financial Statements in the Annual Report. The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation. The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations, and include certain nominal amounts from our South American businesses that did not qualify for treatment as discontinued operations.
SEGMENT INFORMATION |  |  |
(Dollars in millions) |  |  |
| Three months ended March 31,
| 2019 |  | 2018
REVENUES |  |  |
SDG&E | $ | 1,145 |  |  | $ | 1,055 |
SoCalGas | 1,361 |  |  | 1,126 |
Sempra Mexico | 383 |  |  | 308 |
Sempra Renewables | 7 |  |  | 25 |
Sempra LNG | 141 |  |  | 104 |
Adjustments and eliminations | — |  |  | (1 | )
Intersegment revenues(1) | (139 | ) |  | (81 | )
Total | $ | 2,898 |  |  | $ | 2,536 |
INTEREST EXPENSE |  |  |
SDG&E | $ | 103 |  |  | $ | 52 |
SoCalGas | 34 |  |  | 27 |
Sempra Mexico | 30 |  |  | 30 |
Sempra Renewables | 3 |  |  | 5 |
Sempra LNG | 4 |  |  | 8 |
All other | 109 |  |  | 112 |
Intercompany eliminations | (23 | ) |  | (28 | )
Total | $ | 260 |  |  | $ | 206 |
INTEREST INCOME |  |  |
SDG&E | $ | 1 |  |  | $ | 1 |
Sempra Mexico | 19 |  |  | 15 |
Sempra Renewables | 10 |  |  | 2 |
Sempra LNG | 14 |  |  | 13 |
All other | 1 |  |  | 16 |
Intercompany eliminations | (24 | ) |  | (18 | )
Total | $ | 21 |  |  | $ | 29 |
DEPRECIATION AND AMORTIZATION |  |  |
SDG&E | $ | 186 |  |  | $ | 166 |
SoCalGas | 147 |  |  | 135 |
Sempra Mexico | 44 |  |  | 43 |
Sempra Renewables | — |  |  | 13 |
Sempra LNG | 2 |  |  | 11 |
All other | 4 |  |  | 4 |
Total | $ | 383 |  |  | $ | 372 |
INCOME TAX EXPENSE (BENEFIT) |  |  |
SDG&E | $ | 5 |  |  | $ | 56 |
SoCalGas | 19 |  |  | 59 |
Sempra Mexico | 72 |  |  | 155 |
Sempra Renewables | (10 | ) |  | (7 | )
Sempra LNG | 4 |  |  | 12 |
All other | (48 | ) |  | (33 | )
Total | $ | 42 |  |  | $ | 242 |
EQUITY EARNINGS (LOSSES) |  |  |
Equity earnings before income tax: |  |  |
Sempra Renewables | $ | 3 |  |  | $ | 5 |
Sempra LNG | 2 |  |  | — |
| 5 |  |  | 5 |
Equity earnings (losses) net of income tax: |  |  |
Sempra Texas Utility | 94 |  |  | 15 |
Sempra Mexico | 2 |  |  | (41 | )
| 96 |  |  | (26 | )
Total | $ | 101 |  |  | $ | (21 | )
SEGMENT INFORMATION (CONTINUED) |  |  |
(Dollars in millions) |  |  |
| Three months ended March 31,
| 2019 |  | 2018
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES |  |  |
SDG&E | $ | 176 |  |  | $ | 170 |
SoCalGas | 264 |  |  | 225 |
Sempra Texas Utility | 94 |  |  | 15 |
Sempra Mexico | 57 |  |  | 20 |
Sempra Renewables | 13 |  |  | 21 |
Sempra LNG | 5 |  |  | (16 | )
Discontinued operations | (51 | ) |  | 21 |
All other | (117 | ) |  | (109 | )
Total | $ | 441 |  |  | $ | 347 |
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT |  |  |
SDG&E | $ | 356 |  |  | $ | 475 |
SoCalGas | 324 |  |  | 403 |
Sempra Mexico | 85 |  |  | 59 |
Sempra Renewables | — |  |  | 31 |
Sempra LNG | 18 |  |  | 6 |
All other | — |  |  | 5 |
Total | $ | 783 |  |  | $ | 979 |
| March 31, 2019 |  | December 31, 2018
ASSETS |  |  |
SDG&E | $ | 19,558 |  |  | $ | 19,225 |
SoCalGas | 15,904 |  |  | 15,389 |
Sempra Texas Utility | 9,748 |  |  | 9,652 |
Sempra Mexico | 9,382 |  |  | 9,165 |
Sempra Renewables | 1,310 |  |  | 2,549 |
Sempra LNG | 3,731 |  |  | 4,060 |
Discontinued operations | 3,845 |  |  | 3,718 |
All other | 1,135 |  |  | 1,070 |
Intersegment receivables | (2,995 | ) |  | (4,190 | )
Total | $ | 61,618 |  |  | $ | 60,638 |
EQUITY METHOD AND OTHER INVESTMENTS |  |  |
Sempra Texas Utility | $ | 9,748 |  |  | $ | 9,652 |
Sempra Mexico | 737 |  |  | 747 |
Sempra Renewables | 290 |  |  | 291 |
Sempra LNG | 1,255 |  |  | 1,271 |
All other | 8 |  |  | 11 |
Total | $ | 12,038 |  |  | $ | 11,972 |
(1) Revenues for reportable segments include intersegment revenues of $1 million, $17 million, $28 million and $93 million for the three months ended March 31, 2019 and $1 million, $17 million, $29 million and $34 million for the three months ended March 31, 2018, for SDG&E, SoCalGas, Sempra Mexico and Sempra LNG, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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