Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 3

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 3
---
 Financial Statements.

12

Table of Contents

SEMPRACONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollars in millions) Three months ended March 31, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income $919 $881 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization640 594 Deferred income taxes and investment tax credits(48)137 Equity earnings(325)(348)Share-based compensation expense(2)21 Fixed-price contracts and other derivatives134 16 Bad debt expense6 42 Other(3)7 Net change in working capital components(35)319 Distributions from investments291 232 Changes in other noncurrent assets and liabilities, net(95)(50)Net cash provided by operating activities1,482 1,851 CASH FLOWS FROM INVESTING ACTIVITIES  Expenditures for property, plant and equipment(2,336)(1,933)Expenditures for investments (486)(193)Purchases of nuclear decommissioning and other trust assets(292)(197)Proceeds from sales of nuclear decommissioning and other trust assets329 217 Other— (1)Net cash used in investing activities(2,785)(2,107)CASH FLOWS FROM FINANCING ACTIVITIESCommon dividends paid(380)(362)Issuances of common stock10 10 Repurchases of common stock(57)(40)Issuances of debt (maturities greater than 90 days)2,941 2,044 Payments on debt (maturities greater than 90 days) and finance leases (994)(846)Decrease in short-term debt, net(70)(498)Advances from unconsolidated affiliates 44 45 Contributions from noncontrolling interests34 474 Distributions to noncontrolling interests(38)(111)Other(14)(16)Net cash provided by financing activities1,476 700 Effect of exchange rate changes on cash, cash equivalents and restricted cash— 1 Increase in cash, cash equivalents and restricted cash173 445 Cash, cash equivalents and restricted cash, January 11,589 389 Cash, cash equivalents and restricted cash, March 31$1,762 $834 

See Notes