Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 7

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 7
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 other liabilities:  Regulatory liabilities2,750 2,701 Greenhouse gas obligations85 62 Pension obligation, net of plan assets37 28 Deferred income taxes3,258 3,211 Asset retirement obligations792 803 Deferred credits and other1,427 1,399 Total deferred credits and other liabilities8,349 8,204 Commitments and contingencies (Note 12)Shareholder’s equity:  Preferred stock (45,000,000 shares authorized; none issued)— — Common stock (255,000,000 shares authorized; 116,583,358 shares outstanding;no par value)1,660 1,660 Retained earnings9,197 8,916 Accumulated other comprehensive income (loss)(12)(12)Total shareholder’s equity10,845 10,564 Total liabilities and shareholder's equity$31,856 $30,773 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

19

Table of Contents

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF CASH FLOWS(Dollars in millions) Three months ended March 31, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$281 $223 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization320 298 Deferred income taxes and investment tax credits(3)25 Bad debt expense16 6 Other(5)(5)Net change in working capital components30 (1)Changes in noncurrent assets and liabilities, net(61)130 Net cash provided by operating activities578 676 CASH FLOWS FROM INVESTING ACTIVITIES  Expenditures for property, plant and equipment(539)(624)Purchases of nuclear decommissioning trust assets(258)(168)Proceeds from sales of nuclear decommissioning trust assets274 181 Net cash used in investing activities(523)(611)CASH FLOWS FROM FINANCING ACTIVITIESIssuances of debt (maturities greater than 90 days)848 594 Payments on debt (maturities greater than 90 days) and finance leases(10)(411)Decrease in short-term debt, net(280)— Debt issuance costs(6)(5