Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 46

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 46
---
 include a requirement that all judges be elected rather than appointed. The energy reforms have the potential to increase government control and participation in the energy sector and to create novel challenges for infrastructure development and operations. Additionally, a set of six energy-related laws, including modifications to the Hydrocarbons Law and Electricity Industry Law, were submitted to Mexico’s Congress in January 2025. The legislative session runs from February 1 to April 30, and the government is targeting approval by the end of March 2025. These reforms and any further Mexican Constitutional, legal or regulatory changes could affect the Mexican economy, energy sector and our businesses, the extent of which we currently are unable to predict.

2024 Form 10-K  |  95

SOURCES AND USES OF CASH

We discuss herein our sources and uses of cash for the year ended December 31, 2024 compared to the year ended December 31, 2023. For a discussion of our sources and uses of cash for the year ended December 31, 2023 compared to the year ended December 31, 2022, refer to “Part II – Item 7. MD&A – Sources and Uses of Cash” in our 2023 annual report on Form 10-K filed with the SEC on February 27, 2024.

The following tables include only significant changes in cash flow activities for each of the Registrants.

CASH FLOWS FROM OPERATING ACTIVITIES(Dollars in millions)Years ended December 31,Sempra SDG&ESoCalGas2024$4,907 $2,073 $1,791 20236,218 1,936 1,389 Change$(1,311)$137 $402 Change in net margin posted, current and noncurrent$(1,142)Change in fixed-price contracts and other derivatives, current and noncurrent(432)$(127)$(305)Change in qualified pension liability(211)(83)(130)Change in income taxes receivable/payable, net(191)445 Change in GHG allowances, current and noncurrent(73)40 (155)Change in accounts receivable(1)(50)305 (220)(Lower) higher net income, adjusted for noncash items included in earnings(45)78 40 Change in legal reserve, current and noncurrent82 82 Lower net decrease in Reserve for Aliso Canyon costs, current and noncurrent, due to $94 lower