Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 14

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 14
---
ulated other comprehensive income (loss)(24)(27)Total shareholders’ equity8,691 8,161 Total liabilities and shareholders’ equity$26,065 $25,358 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

26

Table of Contents

SOUTHERN CALIFORNIA GAS COMPANYCONDENSED STATEMENTS OF CASH FLOWS(Dollars in millions) Six months ended June 30, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$528 $490 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization493 447 Deferred income taxes and investment tax credits7 56 Bad debt expense17 45 Other(14)(13)Net change in working capital components(34)73 Changes in noncurrent assets and liabilities, net145 (52)Net cash provided by operating activities1,142 1,046 CASH FLOWS FROM INVESTING ACTIVITIESExpenditures for property, plant and equipment(1,045)(978)Net cash used in investing activities(1,045)(978)CASH FLOWS FROM FINANCING ACTIVITIESPreferred dividends paid(1)(1)Issuances of debt (maturities greater than 90 days)1,090 797 Payments on debt (maturities greater than 90 days) and finance leases(1,063)(11)Decrease in short-term debt, net(126)(840)Debt issuance costs(9)(5)Net cash used in financing activities(109)(60)(Decrease) increase in cash and cash equivalents(12)8 Cash and cash equivalents, January 112 2 Cash and cash equivalents, June 30$— $10 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION  Interest payments, net of amounts capitalized$170 $142 Income tax payments, net of refunds55 — SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES  Accrued capital expenditures for PP&E$221 $222 Increase in finance lease obligations capitalized to PP&E27 10 Increase (decrease) in ARO capitalized to PP&E60 (2)

See Notes to Condensed Financial Statements.

27

Table