Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 260

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 260
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 fund 110% of the development budget of the PA LNG Phase 1 project, in an aggregate amount of up to $9.0 billion (see Note 11). SI Partners’ guarantee covers 70% of this amount plus enforcement costs of its guarantee. SI Partners has committed to fund up to $7.8 billion to PA2 JVCo to support its share of the budgeted PA LNG Phase 2 project construction costs, while Blackstone has committed to fund $7.0 billion (see Note 10). SI Partners has also provided a guarantee for repayment of the $300 million credit facility supporting construction of the PA LNG Phase 2 project (see Note 7).

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CASH, CASH EQUIVALENTS AND RESTRICTED CASHThe following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Sempra’s Condensed Consolidated Balance Sheets to the sum of such amounts reported on Sempra’s Condensed Consolidated Statements of Cash Flows. We provide information about the nature of restricted cash in Note 1 of the Notes to Consolidated Financial Statements in the Annual Report.RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH(Dollars in millions) September 30,2025December 31,2024Sempra:Cash and cash equivalents$5 $1,565 Restricted cash, current2 21 Restricted cash, noncurrent— 3 Assets held for sale3,018 — Total cash, cash equivalents and restricted cash on the Condensed Consolidated Statements of Cash Flows$3,025 $1,589 Restricted cash of $2.9 billion that is classified as held for sale at September 30, 2025 includes the following: ▪certain funds at Port Arthur LNG I for which withdrawals and usage are dictated by its debt agreements▪certain funds at Port Arthur LNG II for which withdrawals and usage are dictated by the PA2 JVCo LLCA▪funds denominated in U.S. dollars and Mexican pesos to pay for rights-of-way and other costs pursuant to certain agreements related to pipeline projects 

CREDIT LOSSESFinancial Assets Measured at Amortized CostWe are exposed to credit losses from financial assets measured at amortized cost, including trade and other accounts receivable, amounts due from unconsolidated affiliates, our net investment in sales-type leases and a note receivable. We regularly monitor and evaluate credit losses and record