Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 201

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 201
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 Infrastructure’s ability to operate its existing assets at their current levels, result in increased costs to Sempra Infrastructure and its customers, adversely impact Sempra Infrastructure’s ability to develop new projects in Mexico, result in decreased revenues and/or cash flows, and negatively impact Sempra Infrastructure’s ability to recover the carrying values of its investments in Mexico, any of which could have a material adverse impact on Sempra’s business, results of operations, financial condition, cash flow and/or prospects.

120

Table of Contents

SOURCES AND USES OF CASH

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

CASH FLOWS FROM OPERATING ACTIVITIES(Dollars in millions)Six months ended June 30,SempraSDG&ESoCalGas2025$2,266 $865 $1,142 20242,520 1,056 1,046 Change$(254)$(191)$96 Change in accounts receivable$(326)$(184)$(67)Change in regulatory accounts, current and noncurrent(255)48 (303)Change in deferred excess capacity sales(161)(161)(Lower) higher net income, adjusted for noncash items included in earnings(57)31 6 Change in net margin posted, current and noncurrent(42)Change in inventories(42)(45)Higher distributions from Cameron LNG JV29 Change in GHG obligations, current and noncurrent52 71 Change in GHG allowances, current and noncurrent62 58 50 Higher distributions from Oncor Holdings82 Change in accrued franchise fees83 68 15 Change in fixed-price contracts and other derivatives, current and noncurrent149 155 Change in accounts payable176 143 Other(4)(6)26 $(254)$(191)$96 

CASH FLOWS FROM INVESTING ACTIVITIES(Dollars in millions)Six months ended June 30,Sempra SDG&ESoCalGas2025$(5,563)$(1,240)$(1,045)2024(4,168)(1,206)(978)Change$(1,395)$(34)$(67)Increase in capital expenditures$(810)$(36)$(67)Higher contributions to Oncor Holdings(586)Other1 2 — $(1,395)$(34)$(67)

CASH FLOWS FROM FINANCING ACTIVITIES (D