Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 8

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 8
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843 834 Depreciation and amortization323 304 643 602 Franchise fees and other taxes98 91 208 195 Total operating expenses974 1,030 2,004 2,052 Operating income288 325 678 682 Other income, net31 23 71 56 Interest income2 3 2 4 Interest expense(139)(131)(274)(259)Income before income taxes182 220 477 483 Income tax expense(7)(34)(21)(74)Net income/Earnings attributable to common shares$175 $186 $456 $409 

See Notes to Condensed Financial Statements.

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Table of Contents

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Dollars in millions) PretaxamountIncome tax expenseNet-of-taxamount (unaudited) Three months ended June 30, 2025 and 20242025:   Net income/Comprehensive income$182 $(7)$175 2024:   Net income/Comprehensive income$220 $(34)$186  Six months ended June 30, 2025 and 20242025:   Net income/Comprehensive income$477 $(21)$456 2024:   Net income/Comprehensive income$483 $(74)$409 

See Notes to Condensed Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED BALANCE SHEETS(Dollars in millions)June 30,December 31, 20252024(1) (unaudited) ASSETS  Current assets:  Cash and cash equivalents$28 $— Accounts receivable – trade, net714 774 Accounts receivable – other, net139 89 Due from unconsolidated affiliates9 — Income taxes receivable, net19 27 Inventories253 202 Prepaid expenses71 139 Regulatory assets176 16 Greenhouse gas allowances27 27 Other current assets38 27 Total current assets1,474 1,301 Other assets:  Regulatory assets2,210 2,024 Greenhouse gas allowances281 272 Nuclear decommissioning trusts878 875 Right-of-use assets – operating leases790 795