Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 355

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 355
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prehensiveincome (loss)Totalshareholders’equityBalance at December 31, 2021$22 $1,666 $3,785 $(31)$5,442 Net income600 600 Other comprehensive income7 7 Dividends declared:Preferred stock ($1.50/share)(1)(1)Equity contributions from Sempra650 650 Balance at December 31, 202222 2,316 4,384 (24)6,698 Net income812 812 Other comprehensive income1 1 Dividends declared:Preferred stock ($1.50/share)(1)(1)Common stock ($1.10/share)(100)(100)Balance at December 31, 202322 2,316 5,095 (23)7,410 Net income956 956 Other comprehensive loss(4)(4)Dividends declared:Preferred stock ($1.50/share)(1)(1)Common stock ($2.19/share)(200)(200)Balance at December 31, 2024$22 $2,316 $5,850 $(27)$8,161 

See Notes to Financial Statements.

2024 Form 10-K  |  F-26

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. SIGNIFICANT ACCOUNTING POLICIES AND OTHER FINANCIAL DATA

PRINCIPLES OF CONSOLIDATIONSempraSempra’s Consolidated Financial Statements include the accounts of Sempra, a California-based holding company, and its consolidated entities, which invest in, develop and operate energy infrastructure in North America, and provide electric and gas services to customers. Sempra has three operating and reportable segments, which we describe in Note 16. All references in these Notes to our reportable segments are not intended to refer to any legal entity with the same or similar name.SDG&ESDG&E’s common stock is wholly owned by Enova Corporation, which is a wholly owned subsidiary of Sempra. SDG&E is a regulated public utility that provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. SDG&E has one operating and reportable segment.SoCalGasSoCalGas’ common stock is wholly owned by Pacific Enterprises, which is a wholly owned subsidiary of Sempra. SoCalGas is a regulated public natural gas distribution utility, serving customers throughout most of Southern California and part of central California. So