Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 576

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 16
Chunk 576
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ASH FLOWS FROM OPERATING ACTIVITIESNet income $3,500 $3,618 $2,285 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization2,437 2,227 2,019 Deferred income taxes and investment tax credits(20)249 392 Equity earnings(1,609)(1,481)(1,498)Share-based compensation expense86 80 71 Fixed-price contracts and other derivatives(197)(666)863 Bad debt expense209 458 122 Other20 (14)56 Net change in working capital components:Accounts receivable118 168 (976)Due to/from unconsolidated affiliates, net30 26 (31)Income taxes receivable/payable, net(49)142 (29)Inventories(74)(80)(17)Other current assets(30)11 (1,608)Accounts payable(131)(270)430 Regulatory balancing accounts, net(456)260 36 Reserve for Aliso Canyon costs(12)(98)(1,851)Other current liabilities142 1,270 228 Insurance receivable for Aliso Canyon costs— — 360 Distributions from investments1,093 912 854 Changes in other noncurrent assets and liabilities, net(150)(594)(564)Net cash provided by operating activities4,907 6,218 1,142 CASH FLOWS FROM INVESTING ACTIVITIESExpenditures for property, plant and equipment(8,215)(8,397)(5,357)Expenditures for investments (988)(382)(376)Distributions from investments9 — — Purchases of nuclear decommissioning and other trust assets(889)(610)(700)Proceeds from sales of nuclear decommissioning and other trust assets942 661 762 Repayments of advances to unconsolidated affiliates— — 626 Other23 12 6 Net cash used in investing activities$(9,118)$(8,716)$(5,039)

See Notes to Consolidated Financial Statements.

2024 Form 10-K  |  F-12

SEMPRACONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)(Dollars in millions) Years ended December 31, 202420232022CASH FLO