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v3.23.2

REVENUES (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table disaggregates our revenues from contracts with customers by major service line and market and provides a reconciliation to total revenues by segment. The majority of our revenue is recognized over time.
DISAGGREGATED REVENUES
(Dollars in millions)
| SDG&E |  | SoCalGas |  | Sempra Infrastructure |  | Consolidating adjustments and Parent and other |  | Sempra
| Three months ended June 30, 2023
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 1,400 |  |  | $ | 1,291 |  |  | $ | 19 |  |  | $ | (34) |  |  | $ | 2,676 |
Energy-related businesses | — |  |  | — |  |  | 235 |  |  | (19) |  |  | 216 |
Revenues from contracts with customers | $ | 1,400 |  |  | $ | 1,291 |  |  | $ | 254 |  |  | $ | (53) |  |  | $ | 2,892 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 252 |  |  | $ | 1,291 |  |  | $ | 167 |  |  | $ | (30) |  |  | $ | 1,680 |
Electric | 1,148 |  |  | — |  |  | 87 |  |  | (23) |  |  | 1,212 |
Revenues from contracts with customers | $ | 1,400 |  |  | $ | 1,291 |  |  | $ | 254 |  |  | $ | (53) |  |  | $ | 2,892 |
Revenues from contracts with customers | $ | 1,400 |  |  | $ | 1,291 |  |  | $ | 254 |  |  | $ | (53) |  |  | $ | 2,892 |
Utilities regulatory revenues | (138) |  |  | 176 |  |  | — |  |  | — |  |  | 38 |
Other revenues | — |  |  | — |  |  | 406 |  |  | (1) |  |  | 405 |
Total revenues | $ | 1,262 |  |  | $ | 1,467 |  |  | $ | 660 |  |  | $ | (54) |  |  | $ | 3,335 |
| Six months ended June 30, 2023
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 3,165 |  |  | $ | 5,132 |  |  | $ | 49 |  |  | $ | (72) |  |  | $ | 8,274 |
Energy-related businesses | — |  |  | — |  |  | 547 |  |  | (40) |  |  | 507 |
Revenues from contracts with customers | $ | 3,165 |  |  | $ | 5,132 |  |  | $ | 596 |  |  | $ | (112) |  |  | $ | 8,781 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 806 |  |  | $ | 5,132 |  |  | $ | 371 |  |  | $ | (65) |  |  | $ | 6,244 |
Electric | 2,359 |  |  | — |  |  | 225 |  |  | (47) |  |  | 2,537 |
Revenues from contracts with customers | $ | 3,165 |  |  | $ | 5,132 |  |  | $ | 596 |  |  | $ | (112) |  |  | $ | 8,781 |
Revenues from contracts with customers | $ | 3,165 |  |  | $ | 5,132 |  |  | $ | 596 |  |  | $ | (112) |  |  | $ | 8,781 |
Utilities regulatory revenues | (250) |  |  | 129 |  |  | — |  |  | — |  |  | (121) |
Other revenues | — |  |  | — |  |  | 1,260 |  |  | (25) |  |  | 1,235 |
Total revenues | $ | 2,915 |  |  | $ | 5,261 |  |  | $ | 1,856 |  |  | $ | (137) |  |  | $ | 9,895 |
DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
| SDG&E |  | SoCalGas |  | Sempra Infrastructure |  | Consolidating adjustments and Parent and other |  | Sempra
| Three months ended June 30, 2022
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 1,250 |  |  | $ | 1,347 |  |  | $ | 20 |  |  | $ | (27) |  |  | $ | 2,590 |
Energy-related businesses | — |  |  | — |  |  | 457 |  |  | (14) |  |  | 443 |
Revenues from contracts with customers | $ | 1,250 |  |  | $ | 1,347 |  |  | $ | 477 |  |  | $ | (41) |  |  | $ | 3,033 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 159 |  |  | $ | 1,347 |  |  | $ | 340 |  |  | $ | (19) |  |  | $ | 1,827 |
Electric | 1,091 |  |  | — |  |  | 137 |  |  | (22) |  |  | 1,206 |
Revenues from contracts with customers | $ | 1,250 |  |  | $ | 1,347 |  |  | $ | 477 |  |  | $ | (41) |  |  | $ | 3,033 |
Revenues from contracts with customers | $ | 1,250 |  |  | $ | 1,347 |  |  | $ | 477 |  |  | $ | (41) |  |  | $ | 3,033 |
Utilities regulatory revenues | 149 |  |  | 154 |  |  | — |  |  | — |  |  | 303 |
Other revenues | — |  |  | — |  |  | 212 |  |  | (1) |  |  | 211 |
Total revenues | $ | 1,399 |  |  | $ | 1,501 |  |  | $ | 689 |  |  | $ | (42) |  |  | $ | 3,547 |
| Six months ended June 30, 2022
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 2,751 |  |  | $ | 3,259 |  |  | $ | 48 |  |  | $ | (56) |  |  | $ | 6,002 |
Energy-related businesses | — |  |  | — |  |  | 749 |  |  | (29) |  |  | 720 |
Revenues from contracts with customers | $ | 2,751 |  |  | $ | 3,259 |  |  | $ | 797 |  |  | $ | (85) |  |  | $ | 6,722 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 489 |  |  | $ | 3,259 |  |  | $ | 569 |  |  | $ | (45) |  |  | $ | 4,272 |
Electric | 2,262 |  |  | — |  |  | 228 |  |  | (40) |  |  | 2,450 |
Revenues from contracts with customers | $ | 2,751 |  |  | $ | 3,259 |  |  | $ | 797 |  |  | $ | (85) |  |  | $ | 6,722 |
Revenues from contracts with customers | $ | 2,751 |  |  | $ | 3,259 |  |  | $ | 797 |  |  | $ | (85) |  |  | $ | 6,722 |
Utilities regulatory revenues | 93 |  |  | 235 |  |  | — |  |  | — |  |  | 328 |
Other revenues | — |  |  | — |  |  | 316 |  |  | 1 |  |  | 317 |
Total revenues | $ | 2,844 |  |  | $ | 3,494 |  |  | $ | 1,113 |  |  | $ | (84) |  |  | $ | 7,367 |
Schedule of Timing of Remaining Performance Obligations | For contracts greater than one year, at June 30, 2023, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. Sempra’s remaining performance obligations primarily relate to capacity agreements for natural gas storage and transportation at Sempra Infrastructure and transmission line projects at SDG&E. SoCalGas did not have any remaining performance obligations at June 30, 2023.
REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
| Sempra |  | SDG&E
2023 (excluding first six months of 2023) | $ | 175 |  |  | $ | 2 |
2024 | 300 |  |  | 4 |
2025 | 338 |  |  | 4 |
2026 | 365 |  |  | 4 |
2027 | 365 |  |  | 4 |
Thereafter | 4,077 |  |  | 59 |
Total revenues to be recognized | $ | 5,620 |  |  | $ | 77 |
(1) Excludes intercompany transactions.
Schedule of Contract Liabilities | Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the six months ended June 30, 2023 or 2022. As we discuss in Note 16 of the Notes to Consolidated Financial Statements in the Annual Report, Sempra Infrastructure drew against and fully exhausted SEFE’s letters of credit in April 2022 due to SEFE’s non-renewal of such letters of credit as required under its LNG storage and regasification agreement. Sempra Infrastructure recorded a contract liability for the funds drawn from the letters of credit as payments received in advance.
CONTRACT LIABILITIES
(Dollars in millions)
| 2023 |  | 2022
Sempra: |  |  |
Contract liabilities at January 1 | $ | (252) |  |  | $ | (278) |
Revenue from performance obligations satisfied during reporting period | 5 |  |  | 86 |
Payments received in advance | (2) |  |  | (105) |
Contract liabilities at June 30(1) | $ | (249) |  |  | $ | (297) |
SDG&E: |  |  |
Contract liabilities at January 1 | $ | (79) |  |  | $ | (83) |
Revenue from performance obligations satisfied during reporting period | 2 |  |  | 2 |
Contract liabilities at June 30(2) | $ | (77) |  |  | $ | (81) |
(1) Balances at June 30, 2023 include $6 in Other Current Liabilities and $243 in Deferred Credits and Other. (2) Balances at June 30, 2023 include $4 in Other Current Liabilities and $73 in Deferred Credits and Other.
Schedule of Contract Accounts Receivable | The table below shows receivable balances associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets.
RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS |
(Dollars in millions) |
| June 30, 2023 |  | December 31, 2022 |
Sempra: |  |  |  |
Accounts receivable – trade, net(1) | $ | 1,828 |  |  | $ | 2,291 |  |
Accounts receivable – other, net | 14 |  |  | 25 |  |
Due from unconsolidated affiliates – current(2) | 7 |  |  | 9 |  |
Other long-term assets(3) | 3 |  |  | 9 |  |
Total | $ | 1,852 |  |  | $ | 2,334 |  |
SDG&E: |  |  |  |
Accounts receivable – trade, net(1) | $ | 813 |  |  | $ | 799 |  |
Accounts receivable – other, net | 10 |  |  | 12 |  |
Due from unconsolidated affiliates – current(2) | 6 |  |  | 2 |  |
Other long-term assets(3) | 2 |  |  | 6 |  |
Total | $ | 831 |  |  | $ | 819 |  |
SoCalGas: |  |  |  |
Accounts receivable – trade, net | $ | 856 |  |  | $ | 1,295 |  |
Accounts receivable – other, net | 4 |  |  | 13 |  |
Other long-term assets(3) | 1 |  |  | 3 |  |
Total | $ | 861 |  |  | $ | 1,311 |  |
(1) At June 30, 2023 and December 31, 2022, includes $123 and $72, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues. (2) Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists. (3) In connection with the COVID-19 pandemic and at the direction of the CPUC, SDG&E and SoCalGas enrolled residential and small business customers with past-due balances in long-term repayment plans.

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