Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 14

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 14
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 benefits221 245 Contributions in aid of construction172 117 Regulatory liabilities1 64 Current portion of long-term debt and finance leases530 373 Greenhouse gas obligations174 176 Asset retirement obligations82 91 Other current liabilities436 334 Total current liabilities2,751 3,385 Long-term debt and finance leases7,622 7,031 Deferred credits and other liabilities: Regulatory liabilities1,136 1,115 Greenhouse gas obligations828 410 Pension obligation, net of plan assets17 45 Deferred income taxes2,193 2,005 Asset retirement obligations2,986 2,839 Deferred credits and other377 367 Total deferred credits and other liabilities7,537 6,781 Commitments and contingencies (Note 13)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 earnings6,423 5,850 Accumulated other comprehensive income (loss)(18)(27)Total shareholders’ equity8,743 8,161 Total liabilities and shareholders’ equity$26,653 $25,358 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

26

SOUTHERN CALIFORNIA GAS COMPANYCONDENSED STATEMENTS OF CASH FLOWS(Dollars in millions) Nine months ended September 30, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$574 $476 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization750 675 Deferred income taxes and investment tax credits(82)4 Bad debt expense43 70 Other(10)(21)Net change in working capital components(110)321 Changes in noncurrent assets and liabilities, net261 (155)Net cash provided by operating activities1,426 1,370 CASH FLOWS FROM INVESTING ACTIVITIESExpenditures for property, plant and equipment(1,523)(1,491)Net cash used in investing activities(1,523)(1,491)CASH FLOWS