Sempra Energy (SRE) financial statements (2023 and earlier)

Company profile

Business Address 488 8TH AVENUE
SAN DIEGO, CA 92101
State of Incorp. CA
Fiscal Year End December 31
SIC 4932 - Gas and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments559960108190288349403
Cash and cash equivalents559960108190288349403
Restricted cash and investments19223135626627
Receivables2,1731,7111,405469424233226
Inventory, net of allowances, customer advances and progress billings389308277296307258298
Inventory389308277296307258298
Prepaid expense260      
Derivative instruments and hedges, assets    668380
Regulatory current assets271190222138325  
Disposal group, including discontinued operation   713127201 
Other current assets209364324257136271267
Other undisclosed current assets4959569721,5471,6061,6491,590
Total current assets:4,3754,5113,3393,6453,3413,1102,891
Noncurrent Assets
Finance lease, right-of-use asset1,3351,3301,289✕✕✕✕
Operating lease, right-of-use asset594543591✕✕✕✕
Nontrade receivables360445339461418606 
Property, plant and equipment43,89440,00336,45236,79636,50332,93128,039
Long-term investments and receivables13,58413,22012,26110,3403,1252,2983,091
Long-term investments12,94712,44011,5199,6522,5272,0972,905
Due from related parties637780742688598201186
Intangible assets, net (including goodwill)1,9721,8041,8152,6452,9932,9121,223
Goodwill1,6021,6021,6022,3732,3972,364819
Intangible assets, net (excluding goodwill)370202213272596548404
Regulated entity, other noncurrent assets3,0232,8413,0122,5632,5504,4404,336
Assets held-in-trust567512488416455430464
Restricted cash and investments33321141020
Disposal group, including discontinued operation, noncurrent assets  3,513    
Deferred income tax assets151136155✕✕✕✕
Other noncurrent assets1,244753732974792815761
Other undisclosed noncurrent assets9435221,6762,777263234325
Total noncurrent assets:67,67062,11262,32656,99347,11344,67638,259
TOTAL ASSETS:72,04566,62365,66560,63850,45447,78641,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8912,5102,4042,4422,3042,2042,001
Accounts payable1,8491,5131,4131,4741,5231,4761,275
Employee-related liabilities479446476469439409423
Interest and dividends payable563551515499342319303
Debt3,5772,4255,0313,7522,9672,6921,529
Derivative instruments and hedges, liabilities    1098356
Regulatory liability359140319105109  
Accrued environmental loss contingencies   109824
Due to related parties 4551071114
Disposal group, including discontinued operation  444254947 
Customer advances and deposits✕✕✕✕162158153
Other liabilities1,1311,016866970545557551
Other undisclosed current liabilities2,07770381209374167284
Total current liabilities:10,0356,8399,1507,5236,6355,9274,612
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,06821,78120,78521,61116,44514,42913,134
Finance lease, liability1,2921,2941,263✕✕✕✕
Capital lease obligations✕✕✕1,255   
Operating lease, liability470407445✕✕✕✕
Other undisclosed long-term debt and lease obligation19,30620,08019,07720,35616,44514,42913,134
Liabilities, other than long-term debt, including:13,52313,06913,92512,25612,23412,1898,053
Customer advances or deposits✕✕✕✕150152149
Deferred revenue and credits✕✕✕✕282832
Accumulated deferred investment tax credit  2124✕✕✕
Asset retirement obligations3,3753,1132,9232,7872,7322,4312,126
Deferred tax liabilities, net✕✕✕  3,7453,157
Deferred income tax liabilities3,4772,8712,577✕✕✕✕
Liability, pension and other postretirement and postemployment benefits6871,0591,0671,1611,1481,2081,152
Accrued environmental loss contingencies   27202021
Regulatory liability3,4023,3723,7414,0163,922  
Due to related parties2872341953735  
Disposal group, including discontinued operation, liabilities  1,052    
Other liabilities      1,176
Derivative instruments and hedges, liabilities    316405240
Other undisclosed liabilities, other than long-term debt2,2952,4202,3494,2043,8834,200 
Other undisclosed noncurrent liabilities      2,772
Total noncurrent liabilities:34,59134,85034,71033,86728,67926,61823,959
Total liabilities:44,62641,68943,86041,39035,31432,54528,571
Stockholders' equity
Stockholders' equity attributable to parent, including:25,98123,37319,92917,13812,67012,95111,809
Common stock11,8627,0537,4805,5403,1492,9822,621
Accumulated other comprehensive loss(318)(500)(939)(764)(626)(748)(806)
Retained earnings13,54813,67311,13010,10410,14710,7179,994
Other undisclosed stockholders' equity attributable to parent8893,1472,2582,258   
Stockholders' equity attributable to noncontrolling interest1,4181,5411,8562,0902,4502,270750
Other undisclosed stockholders' equity20202020202020
Total stockholders' equity:27,41924,93421,80519,24815,14015,24112,579
TOTAL LIABILITIES AND EQUITY:72,04566,62365,66560,63850,45447,78641,150

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,85711,37010,82911,68711,20710,18310,231
Cost of revenue
(Cost of Goods and Services Sold)		    (2,305)(2,510)(2,284)
Gross profit:12,85711,37010,82911,6878,9027,6737,947
Operating expenses(8,346)(6,459)(5,468)(4,806)(5,040)(4,574)(4,498)
Operating income:4,5114,9115,3616,8813,8623,0993,449
Nonoperating income1274816472254132126
Investment income, nonoperating699687(6)56233
Public utilities, allowance for funds used during construction, capitalized cost of equity   98168116107
Other nonoperating income (expense)58(48)776976
Interest and debt expense(1,198)(1,081)(1,077)(925)(659)(553)(561)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,221)(2,389)(2,714)(4,982)(1,872)(848)(1,310)
Income from continuing operations before equity method investments, income taxes:2191,4891,7341,0461,5851,8301,704
Income (loss) from equity method investments61429430(236)   
Income from continuing operations before income taxes:8331,7831,7648101,5851,8301,704
Income tax expense(99)(249)(315)(96)(1,276)(389)(341)
Other undisclosed income from continuing operations729721550    
Income from continuing operations:1,4632,2551,9997143091,4411,363
Income from discontinued operations 1,850363    
Income before gain (loss) on sale of properties:1,4634,1052,3627143091,4411,363
Other undisclosed net income   412427885
Net income:1,4634,1052,3621,1263511,5191,448
Net loss attributable to noncontrolling interest(145)(172)(164)(76)(94)(148)(98)
Other undisclosed net loss attributable to parent    (1)(1)(1)
Net income attributable to parent:1,3183,9332,1981,0502561,3701,349
Preferred stock dividends and other adjustments   (1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(64)(169)(143)(125)   
Net income available to common stockholders, diluted:1,2543,7642,0559242551,3691,348

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,4634,1052,3621,1263511,5191,448
Other comprehensive income (loss)171422(140)(133)14252(334)
Comprehensive income:1,6344,5272,2229934931,5711,114
Comprehensive loss, net of tax, attributable to noncontrolling interest(145)(172)(164)(76)(94)(148)(98)
Comprehensive income, net of tax, attributable to parent:1,4894,3552,0589173991,4231,016

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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