Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 13

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 13
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1,335 1,607 Other assets:  Regulatory assets1,917 1,844 Greenhouse gas allowances805 526 Right-of-use assets – operating leases11 18 Other long-term assets583 609 Total other assets3,316 2,997 Property, plant and equipment:  Property, plant and equipment30,048 29,084 Less accumulated depreciation and amortization(8,634)(8,330)Property, plant and equipment, net21,414 20,754 Total assets$26,065 $25,358 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

25

Table of Contents

SOUTHERN CALIFORNIA GAS COMPANYCONDENSED BALANCE SHEETS (CONTINUED)(Dollars in millions) June 30,December 31,20252024(1) (unaudited) LIABILITIES AND SHAREHOLDERS’ EQUITY  Current liabilities:  Short-term debt$211 $1,037 Accounts payable – trade490 752 Accounts payable – other215 158 Due to unconsolidated affiliates43 38 Accrued compensation and benefits191 245 Contributions in aid of construction159 117 Regulatory liabilities— 64 Current portion of long-term debt and finance leases529 373 Greenhouse gas obligations178 176 Asset retirement obligations86 91 Other current liabilities288 334 Total current liabilities2,390 3,385 Long-term debt and finance leases7,622 7,031 Deferred credits and other liabilities:  Regulatory liabilities1,089 1,115 Greenhouse gas obligations735 410 Pension obligation, net of plan assets31 45 Deferred income taxes2,168 2,005 Asset retirement obligations2,957 2,839 Deferred credits and other382 367 Total deferred credits and other liabilities7,362 6,781 Commitments and contingencies (Note 12)Shareholders’ equity:  Preferred stock (11,000,000 shares authorized; 862,043 shares outstanding)22 22 Common stock (100,000,000 shares authorized; 91,300,000 shares outstanding;no par value)2,316 2,316 Retained earnings6,377 5,850 Accum