Sempra(US:SRE)2023-11-03 20:10Front Matter Filing Information This section details the Form 10-Q filing for the quarterly period ended September 30, 2023, by Sempra, SDG&E, and SoCalGas, confirming their compliance and common stock outstanding - Sempra, SDG&E, and SoCalGas have filed all required reports during the preceding 12 months and have been subject to filing requirements for the past 90 days56 - Sempra is classified as a Large Accelerated Filer, while SDG&E and SoCalGas are Non-accelerated Filers8 | Registrant | Common Stock Outstanding (October 31, 2023) | | :----------- | :------------------------------------------ | | Sempra | 629,328,058 shares | | SDG&E | Wholly owned by Enova Corporation | | SoCalGas | Wholly owned by Pacific Enterprises | Glossary The glossary defines key terms and abbreviations used throughout the report, ensuring clarity and consistency in understanding financial and operational context - The glossary defines various acronyms and terms, including regulatory bodies (CPUC, FERC, PUCT), financial metrics (AFUDC, EPS, ROE), and project-specific names (Cameron LNG JV, ECA LNG, Port Arthur LNG)192021 Information Regarding Forward-Looking Statements This section cautions that the report contains forward-looking statements based on future assumptions, involving risks and uncertainties that could cause actual results to differ materially - Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees; future results may differ materially23 - Key risk factors include California wildfires, regulatory decisions, success of business development efforts, macroeconomic trends, litigation, cybersecurity threats, capital resource availability, and climate/sustainability policies - The company assumes no obligation to update or revise any forward-looking statement2325 PART I – FINANCIAL INFORMATION Item 1. Financial Statements This section presents the unaudited condensed consolidated financial statements for Sempra, SDG&E, and SoCalGas for the three and nine months ended September 30, 2023 and 2022, including statements of operations, comprehensive income, balance sheets, cash flows, and changes in equity Sempra Condensed Consolidated Statements of Operations | Metric (Dollars in millions, except per share) | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | | :--------------------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Total revenues | $3,334 | $3,617 | $13,229 | $10,984 | | Net income | $854 | $561 | $2,762 | $1,877 | | Earnings attributable to common shares | $721 | $485 | $2,293 | $1,656 | | Basic EPS | $1.14 | $0.77 | $3.64 | $2.63 | | Diluted EPS | $1.14 | $0.77 | $3.63 | $2.62 | Sempra Condensed Consolidated Statements of Comprehensive Income (Loss) | Metric (Dollars in millions) | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | | :--------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Net income | $854 | $561 | $2,762 | $1,877 | | Total other comprehensive income | $309 | $67 | $333 | $245 | | Comprehensive income | $1,163 | $628 | $3,095 | $2,122 | Sempra Condensed Consolidated Balance Sheets | Metric (Dollars in millions) | September 30, 2023 | December 31, 2022 | | :--------------------------- | :----------------- | :---------------- | | Total current assets | $5,310 | $5,912 | | Total other assets | $27,253 | $24,880 | | Property, plant and equipment, net | $53,172 | $47,782 | | Total assets | $85,735 | $78,574 | | Total current liabilities | $8,765 | $9,899 | | Long-term debt and finance leases | $27,703 | $24,548 | | Total deferred credits and other liabilities | $16,009 | $14,871 | | Total Sempra shareholders' equity | $28,238 | $27,115 | | Total equity | $33,258 | $29,256 | | Total liabilities and equity | $85,735 | $78,574 | Sempra Condensed Consolidated Statements of Cash Flows | Metric (Dollars in millions) | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | | :--------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $5,129 | $1,455 | | Net cash used in investing activities | $(6,304) | $(3,183) | | Net cash provided by financing activities | $2,198 | $1,936 | | Increase in cash, cash equivalents and restricted cash | $1,029 | $205 | | Cash, cash equivalents and restricted cash, September 30 | $1,491 | $786 | Sempra Condensed Consolidated Statements of Changes in Equity | Metric (Dollars in millions) | Balance at Dec 31, 2022 | Net income | Other comprehensive income | Dividends declared | Repurchases of common stock | Noncontrolling interest activities | Balance at Sep 30, 2023 | | :--------------------------- | :---------------------- | :--------- | :------------------------- | :----------------- | :-------------------------- | :------------------------------- | :---------------------- | | Total Sempra shareholders' equity | $27,115 | $2,327 | $121 | $(1,157) | $(32) | $(145) | $28,238 | | Total equity | $29,256 | $2,762 | $333 | $(1,157) | $(32) | $1,091 | $33,258 | San Diego Gas & Electric Company Condensed Statements of Operations | Metric (Dollars in millions) | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | | :--------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Total operating revenues | $1,442 | $1,569 | $4,357 | $4,413 | | Operating income | $353 | $405 | $992 | $1,084 | | Net income | $274 | $271 | $716 | $681 | San Diego Gas & Electric Company Condensed Statements of Comprehensive Income (Loss) | Metric (Dollars in millions) | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | | :--------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Net income | $274 | $271 | $716 | $681 | | Comprehensive income | $274 | $272 | $716 | $682 | [San Diego Gas & Electric Company Condensed Balance Sheets](index=20&type=section&id=San%20Diego%2