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v3.23.3

REVENUES (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 1,438 |  |  | $ | 1,120 |  |  | $ | 18 |  |  | $ | (35) |  |  | $ | 2,541 |
Energy-related businesses | — |  |  | — |  |  | 369 |  |  | (16) |  |  | 353 |
Revenues from contracts with customers | $ | 1,438 |  |  | $ | 1,120 |  |  | $ | 387 |  |  | $ | (51) |  |  | $ | 2,894 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 182 |  |  | $ | 1,120 |  |  | $ | 234 |  |  | $ | (30) |  |  | $ | 1,506 |
Electric | 1,256 |  |  | — |  |  | 153 |  |  | (21) |  |  | 1,388 |
Revenues from contracts with customers | $ | 1,438 |  |  | $ | 1,120 |  |  | $ | 387 |  |  | $ | (51) |  |  | $ | 2,894 |
Revenues from contracts with customers | $ | 1,438 |  |  | $ | 1,120 |  |  | $ | 387 |  |  | $ | (51) |  |  | $ | 2,894 |
Utilities regulatory revenues | 4 |  |  | 193 |  |  | — |  |  | — |  |  | 197 |
Other revenues | — |  |  | — |  |  | 242 |  |  | 1 |  |  | 243 |
Total revenues | $ | 1,442 |  |  | $ | 1,313 |  |  | $ | 629 |  |  | $ | (50) |  |  | $ | 3,334 |
| Nine months ended September 30, 2023
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 4,603 |  |  | $ | 6,252 |  |  | $ | 67 |  |  | $ | (107) |  |  | $ | 10,815 |
Energy-related businesses | — |  |  | — |  |  | 916 |  |  | (56) |  |  | 860 |
Revenues from contracts with customers | $ | 4,603 |  |  | $ | 6,252 |  |  | $ | 983 |  |  | $ | (163) |  |  | $ | 11,675 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 988 |  |  | $ | 6,252 |  |  | $ | 605 |  |  | $ | (95) |  |  | $ | 7,750 |
Electric | 3,615 |  |  | — |  |  | 378 |  |  | (68) |  |  | 3,925 |
Revenues from contracts with customers | $ | 4,603 |  |  | $ | 6,252 |  |  | $ | 983 |  |  | $ | (163) |  |  | $ | 11,675 |
Revenues from contracts with customers | $ | 4,603 |  |  | $ | 6,252 |  |  | $ | 983 |  |  | $ | (163) |  |  | $ | 11,675 |
Utilities regulatory revenues | (246) |  |  | 322 |  |  | — |  |  | — |  |  | 76 |
Other revenues | — |  |  | — |  |  | 1,502 |  |  | (24) |  |  | 1,478 |
Total revenues | $ | 4,357 |  |  | $ | 6,574 |  |  | $ | 2,485 |  |  | $ | (187) |  |  | $ | 13,229 |
DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
| SDG&E |  | SoCalGas |  | Sempra Infrastructure |  | Consolidating adjustments and Parent and other |  | Sempra
| Three months ended September 30, 2022
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 1,383 |  |  | $ | 1,214 |  |  | $ | 19 |  |  | $ | (29) |  |  | $ | 2,587 |
Energy-related businesses | — |  |  | — |  |  | 532 |  |  | (13) |  |  | 519 |
Revenues from contracts with customers | $ | 1,383 |  |  | $ | 1,214 |  |  | $ | 551 |  |  | $ | (42) |  |  | $ | 3,106 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 175 |  |  | $ | 1,214 |  |  | $ | 379 |  |  | $ | (30) |  |  | $ | 1,738 |
Electric | 1,208 |  |  | — |  |  | 172 |  |  | (12) |  |  | 1,368 |
Revenues from contracts with customers | $ | 1,383 |  |  | $ | 1,214 |  |  | $ | 551 |  |  | $ | (42) |  |  | $ | 3,106 |
Revenues from contracts with customers | $ | 1,383 |  |  | $ | 1,214 |  |  | $ | 551 |  |  | $ | (42) |  |  | $ | 3,106 |
Utilities regulatory revenues | 186 |  |  | 171 |  |  | — |  |  | — |  |  | 357 |
Other revenues | — |  |  | — |  |  | 146 |  |  | 8 |  |  | 154 |
Total revenues | $ | 1,569 |  |  | $ | 1,385 |  |  | $ | 697 |  |  | $ | (34) |  |  | $ | 3,617 |
| Nine months ended September 30, 2022
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 4,134 |  |  | $ | 4,473 |  |  | $ | 67 |  |  | $ | (85) |  |  | $ | 8,589 |
Energy-related businesses | — |  |  | — |  |  | 1,281 |  |  | (42) |  |  | 1,239 |
Revenues from contracts with customers | $ | 4,134 |  |  | $ | 4,473 |  |  | $ | 1,348 |  |  | $ | (127) |  |  | $ | 9,828 |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 664 |  |  | $ | 4,473 |  |  | $ | 948 |  |  | $ | (75) |  |  | $ | 6,010 |
Electric | 3,470 |  |  | — |  |  | 400 |  |  | (52) |  |  | 3,818 |
Revenues from contracts with customers | $ | 4,134 |  |  | $ | 4,473 |  |  | $ | 1,348 |  |  | $ | (127) |  |  | $ | 9,828 |
Revenues from contracts with customers | $ | 4,134 |  |  | $ | 4,473 |  |  | $ | 1,348 |  |  | $ | (127) |  |  | $ | 9,828 |
Utilities regulatory revenues | 279 |  |  | 406 |  |  | — |  |  | — |  |  | 685 |
Other revenues | — |  |  | — |  |  | 462 |  |  | 9 |  |  | 471 |
Total revenues | $ | 4,413 |  |  | $ | 4,879 |  |  | $ | 1,810 |  |  | $ | (118) |  |  | $ | 10,984 |
Schedule of Timing of Remaining Performance Obligations | For contracts greater than one year, at September 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 September 30, 2023.
REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
| Sempra |  | SDG&E
2023 (excluding first nine months of 2023) | $ | 85 |  |  | $ | 1 |
2024 | 300 |  |  | 4 |
2025 | 338 |  |  | 4 |
2026 | 365 |  |  | 4 |
2027 | 365 |  |  | 4 |
Thereafter | 4,077 |  |  | 59 |
Total revenues to be recognized | $ | 5,530 |  |  | $ | 76 |
(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 nine months ended September 30, 2023 or 2022. Sempra Infrastructure recorded a contract liability for funds held as collateral in lieu of a customer’s letters of credit associated with its LNG storage and regasification agreement.
CONTRACT LIABILITIES
(Dollars in millions)
| 2023 |  | 2022
Sempra: |  |  |
Contract liabilities at January 1 | $ | (252) |  |  | $ | (278) |
Revenue from performance obligations satisfied during reporting period | 9 |  |  | 129 |
Payments received in advance | (21) |  |  | (105) |
Contract liabilities at September 30(1) | $ | (264) |  |  | $ | (254) |
SDG&E: |  |  |
Contract liabilities at January 1 | $ | (79) |  |  | $ | (83) |
Revenue from performance obligations satisfied during reporting period | 3 |  |  | 3 |
Contract liabilities at September 30(2) | $ | (76) |  |  | $ | (80) |
(1) Balances at September 30, 2023 include $9 in Other Current Liabilities and $255 in Deferred Credits and Other. (2) Balances at September 30, 2023 include $4 in Other Current Liabilities and $72 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) |
| September 30, 2023 |  | December 31, 2022 |
Sempra: |  |  |  |
Accounts receivable – trade, net(1) | $ | 1,780 |  |  | $ | 2,291 |  |
Accounts receivable – other, net | 15 |  |  | 25 |  |
Due from unconsolidated affiliates – current(2) | 5 |  |  | 9 |  |
Other long-term assets(3) | 1 |  |  | 9 |  |
Total | $ | 1,801 |  |  | $ | 2,334 |  |
SDG&E: |  |  |  |
Accounts receivable – trade, net(1) | $ | 952 |  |  | $ | 799 |  |
Accounts receivable – other, net | 13 |  |  | 12 |  |
Due from unconsolidated affiliates – current(2) | 6 |  |  | 2 |  |
Other long-term assets(3) | 1 |  |  | 6 |  |
Total | $ | 972 |  |  | $ | 819 |  |
SoCalGas: |  |  |  |
Accounts receivable – trade, net | $ | 665 |  |  | $ | 1,295 |  |
Accounts receivable – other, net | 2 |  |  | 13 |  |
Other long-term assets(3) | — |  |  | 3 |  |
Total | $ | 667 |  |  | $ | 1,311 |  |
(1) At September 30, 2023 and December 31, 2022, includes $201 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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