SOCGM · As filed with the SEC
Southern California Gas cash flow statement, by fiscal year
The statement as Southern California Gas presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD millions
| USD millions | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net income | 2,072 | 3,500 | 3,618 | 2,285 |
| Less: Income from discontinued operations, net of income tax | — | — | — | 0 |
| Income from continuing operations, net of income tax | — | — | — | 2,285 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Regulatory disallowances | 651 | — | — | — |
| Depreciation and amortization | 2,563 | 2,437 | 2,227 | 2,019 |
| Deferred income taxes and investment tax credits | 533 | (20) | 249 | 392 |
| Gain on sale of assets | — | — | (1) | 0 |
| Equity earnings | — | — | — | (1,498) |
| Equity earnings | (1,604) | (1,609) | (1,481) | — |
| Foreign currency transaction (gains) losses, net | — | — | (2) | 24 |
| Share-based compensation expense | 64 | 86 | 80 | 71 |
| Fixed-price contracts and other derivatives | 92 | (197) | (666) | 863 |
| Bad debt expense | 65 | 209 | 458 | — |
| Other | (16) | 20 | (11) | 154 |
| Net change in working capital components: | ||||
| Accounts receivable | (66) | 118 | 168 | (976) |
| Due to/from unconsolidated affiliates, net | 17 | 30 | 26 | (31) |
| Income taxes receivable/payable, net | (187) | (49) | 142 | (29) |
| Inventories | (64) | (74) | (80) | (17) |
| Other current assets | (296) | (30) | 11 | (1,608) |
| Accounts payable | (7) | (131) | (270) | 430 |
| Regulatory balancing accounts, net | (829) | (456) | 260 | 36 |
| Reserve for Aliso Canyon costs | — | (12) | (98) | (1,851) |
| Other current liabilities | 177 | 142 | 1,270 | 228 |
| Insurance receivable for Aliso Canyon costs | — | 0 | 0 | 360 |
| Distributions from investments | 1,120 | 1,093 | 912 | 854 |
| Reserve for Aliso Canyon costs, noncurrent | — | — | — | 1 |
| Changes in other noncurrent assets and liabilities, net | 280 | (150) | (594) | (565) |
| Net cash provided by continuing operations | — | — | — | 1,142 |
| Net cash used in discontinued operations | — | — | — | 0 |
| Net cash provided by operating activities | 4,565 | 4,907 | 6,218 | 1,142 |
| Net cash used in investing activities | ||||
| Expenditures for property, plant and equipment | (10,612) | (8,215) | (8,397) | (5,357) |
| Expenditures for investments | (2,015) | (988) | (382) | (376) |
| Proceeds from sale of assets | — | — | 3 | 0 |
| Return on investments | 0 | 9 | 0 | — |
| Purchases of nuclear decommissioning and other trust assets | — | — | — | (700) |
| Proceeds from sales of nuclear decommissioning and other trust assets | — | — | — | 762 |
| Purchases of nuclear decommissioning and other trust assets | (1,031) | (889) | (610) | — |
| Proceeds from sales of nuclear decommissioning and other trust assets | 1,098 | 942 | 661 | — |
| Advances to unconsolidated affiliates | — | — | 0 | 0 |
| Repayments of advances to unconsolidated affiliates | — | 0 | 0 | 626 |
| Disbursement for note receivable | — | — | 0 | 0 |
| Other | 23 | 23 | 9 | 6 |
| Net cash used in continuing operations | — | — | — | (5,039) |
| Net cash provided by discontinued operations | — | — | — | 0 |
| Net cash used in investing activities | (12,537) | (9,118) | (8,716) | (5,039) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Common dividends paid | (1,603) | (1,499) | (1,483) | (1,430) |
| Preferred dividends paid | (40) | (44) | (44) | (44) |
| Issuances of preferred stock, net | — | — | — | 0 |
| Redemption of preferred stock | (900) | — | — | — |
| Issuances of common stock, net | 32 | 1,219 | 145 | 4 |
| Repurchases of common stock | (58) | (43) | (32) | (478) |
| Issuances of debt (maturities greater than 90 days) | 11,282 | 8,674 | 7,669 | 9,984 |
| Payments on debt (maturities greater than 90 days) and finance leases | — | — | — | (4,510) |
| Payments on debt (maturities greater than 90 days) and finance leases | (5,220) | (3,339) | (6,294) | — |
| Increase (decrease) in short-term debt, net | 1,262 | (557) | 552 | (1,266) |
| Advances from unconsolidated affiliates | 150 | 85 | 31 | 28 |
| Contributions from contingently redeemable noncontrolling interest, net of transaction costs | 5,294 | — | — | — |
| Proceeds from investor equity subscription | 106 | — | — | — |
| Proceeds from sales of noncontrolling interests, net | 0 | 0 | — | — |
| Contributions from noncontrolling interests | 327 | 1,235 | 1,219 | 1,732 |
| Purchases of noncontrolling interests | — | — | 0 | 0 |
| Distributions to noncontrolling interests | — | — | — | (237) |
| Distributions to noncontrolling interests | (609) | (297) | (730) | — |
| Contributions from noncontrolling interests | — | — | 1,570 | 31 |
| Settlement of cross-currency swaps | — | — | (99) | — |
| Termination of interest rate and settlement of cross-currency swaps | 0 | 46 | — | — |
| Other | (93) | (56) | (85) | (35) |
| Net cash provided by (used in) continuing operations | — | — | — | 3,779 |
| Net cash provided by discontinued operations | — | — | — | 0 |
| Net cash (used in) provided by financing activities | 9,930 | 5,424 | 2,419 | 3,779 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | (13) | 6 | (1) |
| Effect of exchange rate changes in discontinued operations | — | — | — | 0 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 5 | — | — | (1) |
| (Decrease) increase in cash, cash equivalents and restricted cash | 1,963 | 1,200 | (73) | (119) |
| Cash, cash equivalents and restricted cash, January 1 | 1,589 | 389 | 462 | — |
| Cash, cash equivalents and restricted cash, December 31 | — | 1,589 | — | — |
| Cash, cash equivalents and restricted cash, January 1 | 1,589 | 389 | 462 | 581 |
| Cash, cash equivalents and restricted cash, December 31 | 3,552 | — | 389 | 462 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES | ||||
| Interest payments, net of amounts capitalized | 1,449 | 1,205 | 1,172 | 1,014 |
| Income tax payments, net of refunds | 376 | 289 | 197 | 284 |
| Contribution to Cameron LNG JV | — | — | — | 0 |
| Distribution from Cameron LNG JV | — | — | — | 0 |
| Increase in Cameron LNG JV investment for guarantee | — | — | 0 | 0 |
| Accrued interest receivable capitalized to note receivable | 18 | 17 | — | — |
| Repayments of advances from unconsolidated affiliate in lieu of distributions | 45 | 62 | 36 | 32 |
| Accrued capital expenditures for PP&E | 1,653 | 1,181 | 1,052 | 590 |
| Capital expenditures reclassified from other assets to PP&E | 3 | 53 | — | — |
| Increase in ARO capitalized to PP&E | 11 | 1 | 33 | 91 |
| Equitization of long-term debt for deficit held by NCI | — | — | — | 0 |
| Accrued purchase price adjustment for sale of NCI | — | — | — | 0 |
| Issuance of common stock in exchange for NCI and related AOCI | — | — | 0 | 0 |
| Conversion of mandatory convertible preferred stock | — | — | 0 | 0 |
| Increase in finance lease obligations capitalized to PP&E | 47 | 41 | 57 | 57 |
| Derecognized PP&E for net investment in sales-type lease | — | — | 0 | 0 |
| Amortized debt issuance costs capitalized to PP&E | 22 | 13 | — | — |
| Unamortized debt issuance costs reclassified from noncurrent assets to long-term debt | 67 | 27 | — | — |
| Accrued interest payable capitalized to due to unconsolidated affiliate | 18 | 16 | — | — |
| Change in equity related to allocation of interests, net of tax | 1,771 | — | — | — |
| Preferred deemed dividends | 11 | — | — | — |
| Common dividends issued in stock | 52 | 54 | — | — |
| Net exercise of stock options | — | 9 | — | — |
| Contributions from NCI | 0 | 0 | 200 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.