SOCGM · As filed with the SEC
Southern California Gas balance sheet, 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 BALANCE SHEETS · USD millions
| USD millions | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 29 | 1,565 | 236 | 370 | 559 | 960 | 108 | 190 |
| San Diego Gas and Electric Company | — | — | — | — | — | 262 | 10 | — |
| Southern California Gas Company | — | — | — | — | — | 4 | 10 | — |
| Restricted cash | 2 | 21 | 49 | 40 | 19 | 22 | 31 | 35 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | 0 | — |
| Accounts receivable – trade, net | 1,767 | 1,983 | 2,151 | 2,635 | 2,071 | 1,578 | 1,261 | 1,488 |
| Accounts receivable – other, net | — | — | — | — | — | — | — | 362 |
| San Diego Gas and Electric Company | — | — | — | — | — | 573 | 398 | — |
| Southern California Gas Company | — | — | — | — | — | 786 | 710 | — |
| Accounts receivable – other, net | 157 | 397 | 561 | 685 | 398 | 403 | 455 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 143 | 119 | — |
| Southern California Gas Company | — | — | — | — | — | 64 | 87 | — |
| Due from unconsolidated affiliates | — | — | — | 54 | 23 | 20 | 32 | 39 |
| Southern California Gas Company | — | — | — | — | — | 22 | 11 | — |
| Due from unconsolidated affiliates | 0 | 13 | 31 | — | — | — | — | — |
| Related Party | 0 | 13 | 31 | — | — | — | — | — |
| Income taxes receivable | 71 | 90 | 94 | 113 | 79 | 113 | 112 | 68 |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 128 | — |
| Southern California Gas Company | — | — | — | — | — | 0 | 161 | — |
| Inventories | 561 | 559 | 482 | 403 | 389 | 308 | 277 | 296 |
| San Diego Gas and Electric Company | — | — | — | — | — | 104 | 94 | — |
| Southern California Gas Company | — | — | — | — | — | 153 | 136 | — |
| Prepaid expenses | — | 255 | 273 | 268 | 260 | — | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 153 | 120 | — |
| Regulatory assets | 761 | 60 | 226 | 351 | 271 | 190 | 222 | 138 |
| San Diego Gas and Electric Company | — | — | — | — | — | 174 | 209 | — |
| Southern California Gas Company | — | — | — | — | — | 16 | 7 | — |
| Fixed-price contracts and other derivatives | — | — | — | 803 | — | — | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 56 | 43 | — |
| Fixed-price contracts and other derivatives | — | 91 | 122 | — | — | — | — | — |
| Greenhouse gas allowances | 203 | 217 | 1,189 | 141 | 97 | 553 | 72 | 59 |
| San Diego Gas and Electric Company | — | — | — | — | — | 113 | 13 | — |
| Southern California Gas Company | — | — | — | — | — | 390 | 52 | — |
| Assets held for sale | 31,024 | — | — | — | 0 | 0 | — | 713 |
| Disposal Group, Not Discontinued Operations | — | — | — | — | — | — | 0 | — |
| Discontinued Operations, Held-for-sale | — | — | — | — | — | — | 445 | — |
| Other current assets | 262 | 34 | 56 | 49 | 209 | 364 | 324 | 257 |
| San Diego Gas and Electric Company | — | — | — | — | — | 22 | 24 | — |
| Southern California Gas Company | — | — | — | — | — | 47 | 44 | — |
| Total current assets | 34,837 | 5,285 | 5,470 | 5,912 | 4,375 | 4,511 | 3,339 | 3,645 |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,600 | 1,158 | — |
| Southern California Gas Company | — | — | — | — | — | 1,482 | 1,218 | — |
| Other assets: | ||||||||
| Restricted cash | 0 | 3 | 104 | 52 | 3 | 3 | 3 | 21 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | 0 | — |
| Due from unconsolidated affiliates | — | — | — | 0 | 637 | 780 | 742 | 688 |
| Regulatory assets | 3,868 | 3,937 | 3,771 | 2,588 | 2,011 | 1,822 | 1,930 | 1,589 |
| San Diego Gas and Electric Company | — | — | — | — | — | 534 | 440 | — |
| Southern California Gas Company | — | — | — | — | — | 1,208 | 1,407 | — |
| Insurance receivable for Aliso Canyon costs | — | — | — | 0 | 360 | 445 | 339 | 461 |
| Southern California Gas Company | — | — | — | — | — | 445 | 339 | — |
| Greenhouse gas allowances | 1,221 | 845 | 301 | 796 | 422 | 101 | 470 | 289 |
| San Diego Gas and Electric Company | — | — | — | — | — | 83 | 189 | — |
| Southern California Gas Company | — | — | — | — | — | 9 | 248 | — |
| Nuclear decommissioning trusts | 899 | 875 | 872 | 841 | 1,012 | 1,019 | 1,082 | 974 |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,019 | 1,082 | — |
| Dedicated assets in support of certain benefit plans | 605 | 585 | 549 | 505 | 567 | 512 | 488 | 416 |
| Deferred income taxes | 10 | 172 | 129 | 135 | 151 | 136 | 155 | 151 |
| Operating Lease, Right-of-Use Asset | 1,262 | 1,177 | 723 | 655 | 594 | 543 | 591 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 102 | 130 | — |
| Southern California Gas Company | — | — | — | — | — | 74 | 94 | — |
| Investment in Oncor Holdings | 17,472 | 15,400 | 14,266 | 13,665 | 12,947 | 12,440 | 11,519 | 9,652 |
| Other investments | 147 | 2,534 | 2,244 | 2,012 | 1,525 | 1,388 | 2,103 | 2,337 |
| Goodwill | 0 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 2,373 |
| Other intangible assets | 0 | 292 | 318 | 344 | 370 | 202 | 213 | 272 |
| Wildfire fund | 246 | 262 | 269 | 303 | 331 | 363 | 392 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 363 | 392 | — |
| Assets held for sale in discontinued operations | — | — | — | — | 0 | 0 | 3,513 | — |
| Other long-term assets | 1,300 | 1,749 | 1,603 | 1,382 | 1,244 | 753 | 732 | 974 |
| San Diego Gas and Electric Company | — | — | — | — | — | 189 | 202 | — |
| Southern California Gas Company | — | — | — | — | — | 499 | 447 | — |
| Total other assets | 27,030 | 29,433 | 26,751 | 24,880 | 23,776 | 22,109 | 25,874 | 20,197 |
| San Diego Gas and Electric Company | — | — | — | — | — | 2,290 | 2,435 | — |
| Southern California Gas Company | — | — | — | — | — | 2,235 | 2,535 | — |
| Property, plant and equipment: | ||||||||
| Property, plant and equipment | — | — | — | 63,893 | 58,940 | 53,928 | 49,329 | 49,315 |
| San Diego Gas and Electric Company | — | — | — | — | — | 24,436 | 22,504 | — |
| Southern California Gas Company | — | — | — | — | — | 21,180 | 19,362 | — |
| Less accumulated depreciation and amortization | — | — | — | (16,111) | (15,046) | (13,925) | (12,877) | (12,519) |
| San Diego Gas and Electric Company | — | — | — | — | — | (6,015) | (5,537) | — |
| Southern California Gas Company | — | — | — | — | — | (6,437) | (6,038) | — |
| Property, plant and equipment, net | — | — | — | 47,782 | 43,894 | 40,003 | 36,452 | 36,796 |
| San Diego Gas and Electric Company | — | — | — | — | — | 18,421 | 16,967 | — |
| Southern California Gas Company | — | — | — | — | — | 14,743 | 13,324 | — |
| Property, plant and equipment | 66,900 | 80,397 | 72,495 | — | — | — | — | — |
| Less accumulated depreciation and amortization | (17,889) | (18,960) | (17,535) | — | — | — | — | — |
| Property, plant and equipment, net | 49,011 | 61,437 | 54,960 | — | — | — | — | — |
| Total assets | 110,878 | 96,155 | 87,181 | 78,574 | 72,045 | 66,623 | 65,665 | 60,638 |
| San Diego Gas and Electric Company | — | — | — | — | — | 22,311 | 20,560 | — |
| Southern California Gas Company | — | — | — | — | — | 18,460 | 17,077 | — |
| LIABILITIES, CONTINGENTLY REDEEMABLE NONCONTROLLING INTEREST, AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Short-term debt | 4,166 | 2,016 | 2,342 | 3,352 | 3,471 | 885 | 3,505 | 2,079 |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 80 | — |
| Southern California Gas Company | — | — | — | — | — | 113 | 630 | — |
| Accounts payable – trade | 1,461 | 2,238 | 2,211 | 1,994 | 1,671 | 1,359 | 1,234 | 1,324 |
| San Diego Gas and Electric Company | — | — | — | — | — | 553 | 496 | — |
| Southern California Gas Company | — | — | — | — | — | 600 | 545 | — |
| Accounts payable – other | 203 | 208 | 224 | 275 | 178 | 154 | 179 | 150 |
| Southern California Gas Company | — | — | — | — | — | 122 | 110 | — |
| Due to unconsolidated affiliates | — | — | — | — | 0 | 45 | 5 | 10 |
| San Diego Gas and Electric Company | — | — | — | — | — | 64 | 53 | — |
| Southern California Gas Company | — | — | — | — | — | 31 | 47 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 46 | — | — |
| Other current liabilities | — | — | — | 1,380 | 1,131 | 1,016 | 866 | 970 |
| San Diego Gas and Electric Company | — | — | — | — | — | 199 | 176 | — |
| Southern California Gas Company | — | — | — | — | — | 291 | 222 | — |
| Nonrelated Party | 979 | 1,251 | 1,343 | — | — | — | — | — |
| Related Party | 8 | 0 | 5 | — | — | — | — | — |
| Dividends and interest payable | 770 | 773 | 691 | 621 | 563 | 551 | 515 | 499 |
| Accrued compensation and benefits | 521 | 558 | 526 | 484 | 479 | 446 | 476 | 469 |
| San Diego Gas and Electric Company | — | — | — | — | — | 135 | 138 | — |
| Southern California Gas Company | — | — | — | — | — | 189 | 182 | — |
| Regulatory liabilities | 3 | 141 | 553 | 504 | 359 | 140 | 319 | 105 |
| San Diego Gas and Electric Company | — | — | — | — | — | 61 | 76 | — |
| Southern California Gas Company | — | — | — | — | — | 79 | 243 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 56 | 53 | — |
| Current portion of long-term debt and finance leases | 1,876 | 2,274 | 975 | 1,019 | 106 | 1,540 | 1,526 | 1,673 |
| San Diego Gas and Electric Company | — | — | — | — | — | 611 | 56 | — |
| Southern California Gas Company | — | — | — | — | — | 10 | 6 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 56 | 74 | — |
| Southern California Gas Company | — | — | — | — | — | 48 | 71 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 117 | 95 | — |
| Southern California Gas Company | — | — | — | — | — | 59 | 65 | — |
| Reserve for Aliso Canyon costs | — | — | — | 129 | 1,980 | 150 | 9 | 160 |
| Southern California Gas Company | — | — | — | — | — | 150 | 9 | — |
| Reserve for Aliso Canyon costs | — | — | 31 | — | — | — | — | — |
| Greenhouse gas obligations | 203 | 217 | 1,189 | 141 | 97 | 553 | 72 | 59 |
| San Diego Gas and Electric Company | — | — | — | — | — | 113 | 13 | — |
| Southern California Gas Company | — | — | — | — | — | 390 | 52 | — |
| Liabilities held for sale | 11,704 | — | — | — | 0 | 0 | 444 | 25 |
| Total current liabilities | 21,894 | 9,676 | 10,090 | 9,899 | 10,035 | 6,839 | 9,150 | 7,523 |
| San Diego Gas and Electric Company | — | — | — | — | — | 2,011 | 1,310 | — |
| Southern California Gas Company | — | — | — | — | — | 2,082 | 2,182 | — |
| Long-term debt and finance leases | 28,979 | 31,558 | 27,759 | 24,548 | 21,068 | 21,781 | 20,785 | 21,611 |
| San Diego Gas and Electric Company | — | — | — | — | — | 6,866 | 6,306 | — |
| Southern California Gas Company | — | — | — | — | — | 4,763 | 3,788 | — |
| Deferred credits and other liabilities: | ||||||||
| Due to unconsolidated affiliates | — | — | — | 301 | 287 | 234 | 195 | 37 |
| Due to unconsolidated affiliates | 0 | 352 | 307 | — | — | — | — | — |
| Related Party | 0 | 352 | 307 | — | — | — | — | — |
| Regulatory liabilities | 4,250 | 3,817 | 3,739 | 3,341 | 3,402 | 3,372 | 3,741 | 4,016 |
| San Diego Gas and Electric Company | — | — | — | — | — | 2,195 | 2,319 | — |
| Southern California Gas Company | — | — | — | — | — | 1,177 | 1,422 | — |
| Reserve for Aliso Canyon costs | — | — | — | — | 3 | 301 | — | — |
| Southern California Gas Company | — | — | — | — | — | 301 | — | — |
| Greenhouse gas obligations | 957 | 506 | 0 | 565 | 225 | 0 | 301 | 131 |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 62 | — |
| Southern California Gas Company | — | — | — | — | — | 0 | 208 | — |
| Pension and other postretirement benefit plan obligations, net of plan assets | 124 | 168 | 407 | 410 | 687 | 1,059 | 1,067 | 1,161 |
| San Diego Gas and Electric Company | — | — | — | — | — | 92 | 153 | — |
| Southern California Gas Company | — | — | — | — | — | 853 | 785 | — |
| Deferred income taxes | 6,127 | 5,845 | 5,254 | 4,591 | 3,477 | 2,871 | 2,577 | 2,571 |
| San Diego Gas and Electric Company | — | — | — | — | — | 2,019 | 1,848 | — |
| Southern California Gas Company | — | — | — | — | — | 1,406 | 1,403 | — |
| Deferred investment tax credits | — | — | — | — | — | — | 21 | 24 |
| San Diego Gas and Electric Company | — | — | — | — | — | 13 | 14 | — |
| Southern California Gas Company | — | — | — | — | — | 8 | 7 | — |
| Asset retirement obligations | 3,743 | 3,737 | 3,642 | 3,546 | 3,375 | 3,113 | 2,923 | 2,787 |
| San Diego Gas and Electric Company | — | — | — | — | — | 759 | 771 | — |
| Southern California Gas Company | — | — | — | — | — | 2,309 | 2,112 | — |
| Liabilities held for sale in discontinued operations | — | — | — | — | 0 | 0 | 1,052 | — |
| Deferred credits and other | 2,805 | 2,708 | 2,329 | 2,117 | 2,067 | 2,119 | 2,048 | 1,529 |
| San Diego Gas and Electric Company | — | — | — | — | — | 626 | 677 | — |
| Southern California Gas Company | — | — | — | — | — | 417 | 422 | — |
| Total deferred credits and other liabilities | 18,006 | 17,133 | 15,678 | 14,871 | 13,523 | 13,069 | 13,925 | 12,256 |
| San Diego Gas and Electric Company | — | — | — | — | — | 5,704 | 5,844 | — |
| Southern California Gas Company | — | — | — | — | — | 6,471 | 6,359 | — |
| Contingently redeemable noncontrolling interest | 3,206 | — | — | — | — | — | — | — |
| Series A Preferred Stock | — | — | — | — | — | — | 1,693 | 1,693 |
| Series B Preferred Stock | — | — | — | — | — | — | 565 | 565 |
| Convertible Preferred Stock Series A | — | — | — | — | 0 | 1,693 | — | — |
| Convertible Preferred Stock Series B | — | — | — | — | 0 | 565 | — | — |
| Preferred Class C | 0 | 889 | 889 | 889 | 889 | 889 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 0 | — |
| Southern California Gas Company | — | — | — | — | — | 22 | 22 | — |
| Common stock | 14,699 | 13,520 | 12,204 | 12,160 | 11,862 | 7,053 | 7,480 | 5,540 |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,660 | 1,660 | — |
| Southern California Gas Company | — | — | — | — | — | 866 | 866 | — |
| Retained earnings | 17,092 | 16,979 | 15,732 | 14,201 | 13,548 | 13,673 | 11,130 | 10,104 |
| San Diego Gas and Electric Company | — | — | — | — | — | 6,080 | 5,456 | — |
| Southern California Gas Company | — | — | — | — | — | 4,287 | 3,883 | — |
| Accumulated other comprehensive income (loss) | (197) | (166) | (150) | (135) | (318) | (500) | (939) | (764) |
| San Diego Gas and Electric Company | — | — | — | — | — | (10) | (16) | — |
| Southern California Gas Company | — | — | — | — | — | (31) | (23) | — |
| Total shareholders’ equity | 31,594 | 31,222 | 28,675 | 27,115 | 25,981 | 23,373 | 19,929 | 17,138 |
| San Diego Gas and Electric Company | — | — | — | — | — | 7,730 | 7,100 | — |
| Southern California Gas Company | — | — | — | — | — | 5,144 | 4,748 | — |
| Preferred stock of subsidiary | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Other noncontrolling interests | 7,179 | 6,546 | 4,959 | 2,121 | 1,418 | 1,541 | 1,856 | 2,090 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | 0 | — |
| Total equity | 38,793 | 37,788 | 33,654 | 29,256 | 27,419 | 24,934 | 21,805 | 19,248 |
| San Diego Gas and Electric Company | — | — | — | — | — | 7,730 | 7,100 | — |
| Southern California Gas Company | — | — | — | — | — | 5,144 | 4,748 | — |
| Total liabilities, contingently redeemable noncontrolling interest, and equity | 110,878 | 96,155 | 87,181 | 78,574 | 72,045 | 66,623 | 65,665 | 60,638 |
| San Diego Gas and Electric Company | — | — | — | — | — | 22,311 | 20,560 | — |
| Southern California Gas Company | — | — | — | — | — | 18,460 | 17,077 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | — | — |
| Preferred stock, shares authorized (in shares) | — | — | — | — | — | 50,000,000 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 45,000,000 | — | — |
| Southern California Gas Company | — | — | — | — | — | 11,000,000 | — | — |
| Convertible Preferred Stock Series A | — | — | — | — | — | 17,250,000 | — | — |
| Convertible Preferred Stock Series B | — | — | — | — | — | 5,750,000 | — | — |
| Series C Preferred Stock | — | — | — | — | — | 900,000 | — | — |
| Southern California Gas Company | — | — | — | — | — | 1,000,000 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | — | — |
| Common stock, shares outstanding (in shares) | — | — | — | — | — | 288,470,244 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 117,000,000 | — | — |
| Southern California Gas Company | — | — | — | — | — | 91,000,000 | — | — |
| Common stock, shares authorized (in shares) | — | — | — | — | — | 750,000,000 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 255,000,000 | — | — |
| Southern California Gas Company | — | — | — | — | — | 100,000,000 | — | — |
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.