2016 Q2 Form 10-Q Financial Statement

#000008652116000123 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $2.156B $2.367B
YoY Change -8.91% -11.61%
Cost Of Revenue $226.0M $42.00M
YoY Change 438.1% 0.0%
Gross Profit $1.906B $2.316B
YoY Change -17.7% -12.01%
Gross Profit Margin 88.4% 97.85%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $314.0M $307.0M
YoY Change 2.28% 6.6%
% of Gross Profit 16.47% 13.26%
Operating Expenses $1.883B $1.873B
YoY Change 0.53% -15.17%
Operating Profit $23.00M $443.0M
YoY Change -94.81% 4.48%
Interest Expense $142.0M $139.0M
YoY Change 2.16% 0.72%
% of Operating Profit 617.39% 31.38%
Other Income/Expense, Net $23.00M $37.00M
YoY Change -37.84% -24.49%
Pretax Income -$112.0M $396.0M
YoY Change -128.28% 5.32%
Income Tax -$106.0M $98.00M
% Of Pretax Income 24.75%
Net Earnings $16.00M $295.0M
YoY Change -94.58% 9.67%
Net Earnings / Revenue 0.74% 12.46%
Basic Earnings Per Share $0.06 $1.19
Diluted Earnings Per Share $0.06 $1.17
COMMON SHARES
Basic Shares Outstanding 250.1M shares 248.1M shares
Diluted Shares Outstanding 252.0M shares 251.5M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $616.0M $636.0M
YoY Change -3.14% -19.39%
Cash & Equivalents $616.0M $636.0M
Short-Term Investments
Other Short-Term Assets $207.0M $1.346B
YoY Change -84.62% 797.33%
Inventory $270.0M $266.0M
Prepaid Expenses
Receivables $994.0M $990.0M
Other Receivables $176.0M $264.0M
Total Short-Term Assets $3.341B $3.506B
YoY Change -4.71% -16.42%
LONG-TERM ASSETS
Property, Plant & Equipment $29.50B $26.69B
YoY Change 10.5% 2.62%
Goodwill $786.0M $885.0M
YoY Change -11.19% -11.5%
Intangibles $399.0M $410.0M
YoY Change -2.68% -2.61%
Long-Term Investments $3.562B $4.243B
YoY Change -16.05% 46.16%
Other Assets $806.0M $674.0M
YoY Change 19.58% -43.69%
Total Long-Term Assets $39.53B $36.50B
YoY Change 8.31% 7.0%
TOTAL ASSETS
Total Short-Term Assets $3.341B $3.506B
Total Long-Term Assets $39.53B $36.50B
Total Assets $42.88B $40.01B
YoY Change 7.17% 4.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.148B $890.0M
YoY Change 28.99% -13.76%
Accrued Expenses $289.0M $271.0M
YoY Change 6.64% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.777B $738.0M
YoY Change 140.79% -40.39%
Long-Term Debt Due $907.0M $1.273B
YoY Change -28.75% 552.82%
Total Short-Term Liabilities $5.680B $4.399B
YoY Change 29.12% 13.32%
LONG-TERM LIABILITIES
Long-Term Debt $13.18B $12.63B
YoY Change 4.37% 2.46%
Other Long-Term Liabilities $8.351B $7.455B
YoY Change 12.02% 527.0%
Total Long-Term Liabilities $21.53B $20.08B
YoY Change 7.21% 1588.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.680B $4.399B
Total Long-Term Liabilities $21.53B $20.08B
Total Liabilities $31.07B $28.30B
YoY Change 9.79% 458.13%
SHAREHOLDERS EQUITY
Retained Earnings $9.952B
YoY Change
Common Stock $2.681B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.78B $11.70B
YoY Change
Total Liabilities & Shareholders Equity $42.88B $40.01B
YoY Change 7.17% 4.44%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $16.00M $295.0M
YoY Change -94.58% 9.67%
Depreciation, Depletion And Amortization $314.0M $307.0M
YoY Change 2.28% 6.6%
Cash From Operating Activities $290.0M $408.0M
YoY Change -28.92% 213.85%
INVESTING ACTIVITIES
Capital Expenditures -$1.147B -$820.0M
YoY Change 39.88% -5.75%
Acquisitions
YoY Change
Other Investing Activities $543.0M $389.0M
YoY Change 39.59% 1947.37%
Cash From Investing Activities -$604.0M -$431.0M
YoY Change 40.14% -49.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 552.0M 281.0M
YoY Change 96.44% -57.74%
NET CHANGE
Cash From Operating Activities 290.0M 408.0M
Cash From Investing Activities -604.0M -431.0M
Cash From Financing Activities 552.0M 281.0M
Net Change In Cash 238.0M 258.0M
YoY Change -7.75% -560.71%
FREE CASH FLOW
Cash From Operating Activities $290.0M $408.0M
Capital Expenditures -$1.147B -$820.0M
Free Cash Flow $1.437B $1.228B
YoY Change 17.02% 22.8%

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CY2016Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2016Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2016Q2 sre Payable Related To Natural Gas Leak
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q2 us-gaap Jointly Owned Utility Plant Proportionate Ownership Share
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Dividends Common Stock
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CY2016Q2 us-gaap Goodwill
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CY2016Q2 us-gaap Minority Interest
MinorityInterest
762000000 USD
sre Segment Reporting Information Percentage Of Expenditures For Property Plant And Equipment
SegmentReportingInformationPercentageOfExpendituresForPropertyPlantAndEquipment
1 pure
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
8000000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-41000000 USD
us-gaap Net Income Loss
NetIncomeLoss
335000000 USD
us-gaap Interest Paid Net
InterestPaidNet
279000000 USD
CY2016Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
6000000 USD
sre Vestedrsusincludedinbasicwaso
Vestedrsusincludedinbasicwaso
476000 shares
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
335000000 USD
CY2015Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
14000000 USD
CY2015Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
1000000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001032208
dei Trading Symbol
TradingSymbol
SRE
sre Segment Reporting Information Percentage Of Depreciation And Amortization
SegmentReportingInformationPercentageOfDepreciationAndAmortization
1 pure
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
11781000000 USD
us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
4436000000 USD
dei Entity Registrant Name
EntityRegistrantName
Sempra Energy
CY2016Q2 us-gaap Inventory Net
InventoryNet
270000000 USD
CY2015Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
42000000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1283000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
46000000 USD
us-gaap Interest Expense
InterestExpense
273000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
17000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
76000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-8000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000000 USD
us-gaap Interest Expense
InterestExpense
285000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
12000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
72000000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27000000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
98000000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
139000000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
37000000 USD
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.75
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
251938000 shares
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
23000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
347000000 USD
sre Preferred Dividends Paid By Subsidiaries
PreferredDividendsPaidBySubsidiaries
1000000 USD
sre Preferred Dividends Paid By Subsidiaries
PreferredDividendsPaidBySubsidiaries
1000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
443000000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
10000000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
14000000 USD
sre Redemptionofindustrialdevelopmentbonds
Redemptionofindustrialdevelopmentbonds
79000000 USD
sre Redemptionofindustrialdevelopmentbonds
Redemptionofindustrialdevelopmentbonds
0 USD
CY2016Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2156000000 USD
CY2016Q2 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
162000000 USD
CY2016Q2 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
1994000000 USD
CY2016Q2 us-gaap Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
183000000 USD
CY2016Q2 us-gaap Cost Of Domestic Regulated Electric
CostOfDomesticRegulatedElectric
561000000 USD
CY2016Q2 sre Cost Of Natural Gas Electric Fuel And Purchased Power
CostOfNaturalGasElectricFuelAndPurchasedPower
62000000 USD
CY2016Q2 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
226000000 USD
CY2016Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
727000000 USD
CY2016Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
314000000 USD
CY2016Q2 us-gaap Taxes Other
TaxesOther
96000000 USD
CY2016Q2 sre Loss From Plant Closure Pretax
LossFromPlantClosurePretax
0 USD
CY2016Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14000000 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
6000000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
142000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-112000000 USD
CY2016Q2 sre Income Loss From Equity Method Investments Net Of Tax
IncomeLossFromEquityMethodInvestmentsNetOfTax
33000000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
27000000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10000000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
16000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250096000 shares
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2015Q2 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
2133000000 USD
CY2015Q2 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
234000000 USD
CY2015Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2367000000 USD
CY2015Q2 us-gaap Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
239000000 USD
CY2015Q2 us-gaap Cost Of Domestic Regulated Electric
CostOfDomesticRegulatedElectric
498000000 USD
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
354000000 USD
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
0 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
1000000 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
1000000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-821000000 USD
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-613000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2006000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1466000000 USD
CY2015Q4 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
325000000 USD
CY2015Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
10825000000 USD
CY2016Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
11454000000 USD
CY2015Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
1176000000 USD
CY2015Q2 sre Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Allocated Transmission Instruments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAllocatedTransmissionInstruments
1000000 USD
CY2016Q2 sre Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Allocated Transmission Instruments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAllocatedTransmissionInstruments
0 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
9000000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
46000000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-106000000 USD
CY2016Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
4500000000 USD
CY2016Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
63000000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000000 USD
CY2016Q2 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
679000000 USD
CY2016Q2 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
1384000000 USD
CY2015Q4 us-gaap Decommissioning Liability Noncurrent
DecommissioningLiabilityNoncurrent
2793000000 USD
CY2016Q2 us-gaap Decommissioning Liability Noncurrent
DecommissioningLiabilityNoncurrent
2891000000 USD
CY2016Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
222000000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2016Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
11000000 USD
CY2015Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7000000 USD
CY2016Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6000000 USD
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8000000 USD
CY2016Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
5000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
16000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
10000000 USD
CY2015Q2 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
30000000 USD
CY2016Q2 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
20000000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
49000000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
50000000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-60000000 USD
sre Deferred Tax Expense From The Outside Basis Difference
DeferredTaxExpenseFromTheOutsideBasisDifference
32000000 USD
us-gaap Cumulative Effect On Retained Earnings Tax1
CumulativeEffectOnRetainedEarningsTax1
107000000 USD
CY2015Q2 sre Shares Excluded From Potential Dilutive Shares
SharesExcludedFromPotentialDilutiveShares
1370460 shares
CY2016Q2 sre Shares Excluded From Potential Dilutive Shares
SharesExcludedFromPotentialDilutiveShares
1417481 shares
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
178000000 USD
CY2016Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
195000000 USD
CY2015Q2 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
27000000 USD
CY2016Q2 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
27000000 USD
CY2015Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
102000000 USD
CY2016Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
654000000 USD

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