Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 332

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 332
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-2Consolidated Financial Statements:SempraSan DiegoGas & Electric CompanySouthern California Gas CompanyConsolidated Statements of Operations for the years endedDecember 31, 2024, 2023 and 2022F-8F-15F-21Consolidated Statements of Comprehensive Income (Loss) for theyears ended December 31, 2024, 2023 and 2022F-9F-16F-22Consolidated Balance Sheets at December 31, 2024 and 2023F-10F-17F-23Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022F-12F-19F-25Consolidated Statements of Changes in Equity for the years endedDecember 31, 2024, 2023 and 2022F-14N/AN/AStatements of Changes in Shareholders Equity for the years endedDecember 31, 2024, 2023 and 2022N/AF-20F-26Notes to Consolidated Financial StatementsNote 1. Significant Accounting Policies and Other Financial Data F-27Note 2. New Accounting StandardsF-50Note 3. RevenuesF-51Note 4. Regulatory MattersF-57Note 5. Sempra – Investments in Unconsolidated EntitiesF-60Note 6. Debt and Credit Facilities F-65Note 7. Income TaxesF-74Note 8. Employee Benefit PlansF-81Note 9. Derivative Financial InstrumentsF-99Note 10. Fair Value MeasurementsF-106Note 11. Preferred StockF-111Note 12. Sempra – Equity and Earnings Per Common ShareF-114Note 13. Share-Based CompensationF-118Note 14. San Onofre Nuclear Generating StationF-122Note 15. Commitments and ContingenciesF-124Note 16. Segment InformationF-138

2024 Form 10-K  |  F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of Sempra:

Opinion on the Financial Statements 

We have audited the accompanying consolidated balance sheets of Sempra and subsidiaries (“Sempra”) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), changes in equity, and cash flows for each