Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 343

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 343
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 plan obligations, net of plan assets168 407 Deferred income taxes5,845 5,254 Asset retirement obligations3,737 3,642 Deferred credits and other2,708 2,329 Total deferred credits and other liabilities17,133 15,678 Commitments and contingencies (Note 15)Equity:Preferred stock (50,000,000 shares authorized; 900,000 shares of series C outstanding)889 889 Common stock (1,125,000,000 shares authorized; 650,629,876 and 631,431,732 sharesoutstanding at December 31, 2024 and 2023, respectively; no par value)13,520 12,204 Retained earnings16,979 15,732 Accumulated other comprehensive income (loss)(166)(150)Total Sempra shareholders’ equity31,222 28,675 Preferred stock of subsidiary20 20 Other noncontrolling interests6,546 4,959 Total equity37,788 33,654 Total liabilities and equity$96,155 $87,181 

See Notes to Consolidated Financial Statements.

2024 Form 10-K  |  F-11

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