Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 283

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 283
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 months ended September 30, 2025 or 2024.CONTRACT LIABILITIES(Dollars in millions)20252024Sempra:Contract liabilities at January 1$(196)$(198)Revenue from performance obligations satisfied during reporting period(1)83 5 Payments received in advance(1)(1)(3)Reclassification to liabilities held for sale45 — Contract liabilities at September 30(2)$(69)$(196)SDG&E:Contract liabilities at January 1$(72)$(75)Revenue from performance obligations satisfied during reporting period3 3 Contract liabilities at September 30(2)$(69)$(72)(1)    Includes activities within the disposal group that is held for sale.(2)    Balance at September 30, 2025 includes $4 in Other Current Liabilities and $65 in Deferred Credits and Other.Receivables from Revenues from Contracts with CustomersThe table below shows receivable balances, net of allowances for credit losses, associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets.RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS(Dollars in millions)September 30, 2025December 31, 2024Sempra:Accounts receivable – trade, net(1)$1,409 $1,787 Accounts receivable – other, net12 12 Due from unconsolidated affiliates – current(2)— 4 Assets held for sale125 — Other long-term assets(3)19 18 Total$1,565 $1,821 SDG&E:Accounts receivable – trade, net(1)$849 $774 Accounts receivable – other, net10 11 Due from unconsolidated affiliates – current(2)12 6 Other long-term assets(3)3 4 Total$874 $795 SoCalGas:Accounts receivable – trade, net$560 $932 Accounts receivable – other, net2 1 Other long-term assets(3)16 14 Total$578 $947 (1)     At September 30, 2025 and December 31, 2024, includes $218 and $144, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues.(2)     Amount is presented net of amounts