Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 10

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 10
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 10,086 10,018 Deferred credits and other liabilities: Regulatory liabilities2,891 2,701 Greenhouse gas obligations119 62 Pension obligation, net of plan assets38 28 Deferred income taxes3,376 3,211 Asset retirement obligations793 803 Deferred credits and other1,716 1,399 Total deferred credits and other liabilities8,933 8,204 Commitments and contingencies (Note 13)Shareholder’s equity: Preferred stock (45,000,000 shares authorized; none issued)— — Common stock (255,000,000 shares authorized; 116,583,358 shares outstanding;no par value)1,660 1,660 Retained earnings9,696 8,916 Accumulated other comprehensive income (loss)(12)(12)Total shareholder’s equity11,344 10,564 Total liabilities and shareholder's equity$32,839 $30,773 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

20

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF CASH FLOWS(Dollars in millions) Nine months ended September 30, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$780 $670 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization977 910 Deferred income taxes and investment tax credits(26)94 Bad debt expense39 46 Other(1)(19)Net change in working capital components(321)(204)Changes in noncurrent assets and liabilities, net(105)(54)Net cash provided by operating activities1,343 1,443 CASH FLOWS FROM INVESTING ACTIVITIES  Expenditures for property, plant and equipment(1,811)(1,838)Purchases of nuclear decommissioning trust assets(672)(605)Proceeds from sales of nuclear decommissioning trust assets709 639 Other12 11 Net cash used in investing activities(1,762)(1,793)CASH FLOWS FROM FINANCING ACTIVITIESCommon dividends paid— (225)Issuances of debt (maturities greater than 90 days)848 594 Payments on debt (maturities greater than