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

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 10
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ited financial statements.

See Notes to Condensed Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF CASH FLOWS(Dollars in millions) Six months ended June 30, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$456 $409 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization643 602 Deferred income taxes and investment tax credits(1)51 Bad debt expense22 24 Other(22)(19)Net change in working capital components(200)(28)Changes in noncurrent assets and liabilities, net(33)17 Net cash provided by operating activities865 1,056 CASH FLOWS FROM INVESTING ACTIVITIES  Expenditures for property, plant and equipment(1,270)(1,234)Purchases of nuclear decommissioning trust assets(469)(362)Proceeds from sales of nuclear decommissioning trust assets499 380 Other— 10 Net cash used in investing activities(1,240)(1,206)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(21)(422)Decrease in short-term debt, net(417)— Debt issuance costs(7)(6)Net cash provided by financing activities403 166 Increase in cash and cash equivalents28 16 Cash and cash equivalents, January 1— 50 Cash and cash equivalents, June 30$28 $66 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION  Interest payments, net of amounts capitalized$258 $249 Income tax payments, net of refunds17 — SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES  Accrued capital expenditures for PP&E$220 $188 Increase in finance lease obligations capitalized to PP&E4 2 

See Notes to Condensed Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF CHANGES IN SHAREHOLDER’S EQUITY(Dollars in millions) CommonstockRetainedearningsAccumulatedothercom