Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 9

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 9
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 common shares$443 $359 

See Notes to Condensed Financial Statements.

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SOUTHERN CALIFORNIA GAS COMPANYCONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Dollars in millions) PretaxamountIncome tax expenseNet-of-taxamount (unaudited)Three months ended March 31, 2025 and 20242025:   Net income$481 $(38)$443 Other comprehensive income (loss):Pension and other postretirement benefits2 — 2 Total other comprehensive income2 — 2 Comprehensive income$483 $(38)$445 2024:   Net income$402 $(43)$359 Other comprehensive income (loss):Pension and other postretirement benefits1 — 1 Total other comprehensive income1 — 1 Comprehensive income$403 $(43)$360 

See Notes to Condensed Financial Statements.

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SOUTHERN CALIFORNIA GAS COMPANYCONDENSED BALANCE SHEETS(Dollars in millions) March 31,December 31,20252024(1) (unaudited) ASSETS  Current assets:  Cash and cash equivalents$40 $12 Accounts receivable – trade, net1,018 932 Accounts receivable – other, net83 71 Due from unconsolidated affiliates34 16 Inventories238 287 Regulatory assets25 42 Greenhouse gas allowances178 176 Other current assets73 71 Total current assets1,689 1,607 Other assets:  Regulatory assets2,029 1,844 Greenhouse gas allowances671 526 Right-of-use assets – operating leases14 18 Other long-term assets607 609 Total other assets3,321 2,997 Property, plant and equipment:  Property, plant and equipment29,479 29,084 Less accumulated depreciation and amortization(8,482)(8,330)Property, plant and equipment, net20,997 20,754 Total assets$26,007 $25,358 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

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SOUTHERN CALIFORNIA GAS COMPANYCONDENSED BALANCE SHEETS (