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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net income | 2,072 | 3,500 | 3,618 | 2,285 | 1,463 | 4,105 | 2,362 | 1,126 |
| Noncontrolling interests (after-tax) | — | — | — | — | — | — | — | 76 |
| Noncontrolling interests (after-tax) | — | — | — | — | — | — | — | 76 |
| San Diego Gas and Electric Company - Noncontrolling interests (after-tax) | — | — | — | — | — | — | — | 7 |
| San Diego Gas and Electric Company | — | — | — | — | — | 824 | 774 | 676 |
| San Diego Gas and Electric Company - Noncontrolling interests (after-tax) | — | — | — | — | — | — | — | 7 |
| Southern California Gas Company | — | — | — | — | — | 505 | 642 | 401 |
| Less: Income from discontinued operations, net of income tax | — | — | — | 0 | 0 | (1,850) | (363) | — |
| Income from continuing operations, net of income tax | — | — | — | 2,285 | 1,463 | 2,255 | 1,999 | — |
| 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 | 1,855 | 1,666 | 1,569 | 1,549 |
| San Diego Gas and Electric Company | — | — | — | — | — | 801 | 760 | 688 |
| Southern California Gas Company | — | — | — | — | — | 654 | 602 | 556 |
| Deferred income taxes and investment tax credits | 533 | (20) | 249 | 392 | (78) | 159 | 189 | (182) |
| San Diego Gas and Electric Company | — | — | — | — | — | 35 | 105 | 39 |
| Southern California Gas Company | — | — | — | — | — | (112) | 88 | 78 |
| Write-off of wildfire regulatory asset | — | — | — | — | — | — | 0 | 0 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | 0 | 0 |
| Impairment losses | — | — | — | — | 3 | 1 | 43 | 1,122 |
| Southern California Gas Company | — | — | — | — | — | 0 | 37 | 0 |
| Gain on sale of assets | — | — | — | — | — | — | — | (524) |
| Remeasurement of equity method investment | — | — | — | — | — | — | — | 0 |
| Gain on sale of assets | — | — | (1) | 0 | (36) | 3 | (63) | — |
| Equity earnings | — | — | — | — | — | — | (580) | (176) |
| Equity earnings | — | — | — | (1,498) | 1,343 | (1,015) | — | — |
| Equity earnings | (1,604) | (1,609) | (1,481) | — | — | — | — | — |
| Foreign currency transaction (gains) losses, net | — | — | (2) | 24 | 18 | 25 | — | — |
| Share-based compensation expense | 64 | 86 | 80 | 71 | 63 | 71 | 75 | 83 |
| Fixed-price contracts and other derivatives | — | — | — | — | — | — | — | (10) |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | (3) |
| Fixed-price contracts and other derivatives | 92 | (197) | (666) | 863 | 206 | — | — | — |
| Bad debt expense | 65 | 209 | 458 | — | — | — | — | — |
| Other | (16) | 20 | (11) | 154 | 167 | 132 | 26 | 315 |
| San Diego Gas and Electric Company | — | — | — | — | — | 27 | 13 | (14) |
| Southern California Gas Company | — | — | — | — | — | 59 | (5) | (7) |
| Net change in other working capital components | — | — | — | — | — | — | — | 173 |
| Net change in working capital components: | ||||||||
| Accounts receivable | (66) | 118 | 168 | (976) | (599) | (315) | (91) | (144) |
| San Diego Gas and Electric Company | — | — | — | — | — | (134) | (15) | 30 |
| Southern California Gas Company | — | — | — | — | — | (101) | (73) | (87) |
| Due to/from unconsolidated affiliates, net | 17 | 30 | 26 | (31) | (1) | — | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 11 | (8) | (2) |
| Southern California Gas Company | — | — | — | — | — | (27) | (1) | (10) |
| Income taxes receivable, net | — | — | — | — | — | — | — | 83 |
| Income taxes receivable/payable, net | (187) | (49) | 142 | (29) | (38) | (94) | (166) | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 129 | 126 | — |
| Southern California Gas Company | — | — | — | — | — | 189 | (156) | — |
| Inventories | (64) | (74) | (80) | (17) | (87) | (35) | (22) | 23 |
| San Diego Gas and Electric Company | — | — | — | — | — | (10) | 4 | 3 |
| Southern California Gas Company | — | — | — | — | — | (19) | 1 | (2) |
| Other current assets | (296) | (30) | 11 | (1,608) | (220) | 38 | (88) | (81) |
| San Diego Gas and Electric Company | — | — | — | — | — | 4 | (19) | (6) |
| Southern California Gas Company | — | — | — | — | — | (12) | (9) | 11 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 23 |
| Southern California Gas Company | — | — | — | — | — | — | — | 14 |
| Accounts payable | (7) | (131) | (270) | 430 | 263 | 73 | 12 | 92 |
| San Diego Gas and Electric Company | — | — | — | — | — | 31 | 32 | (1) |
| Southern California Gas Company | — | — | — | — | — | 64 | (7) | 71 |
| Regulatory balancing accounts, net | (829) | (456) | 260 | 36 | 249 | (231) | 13 | 263 |
| San Diego Gas and Electric Company | — | — | — | — | — | (71) | (101) | 138 |
| Southern California Gas Company | — | — | — | — | — | (160) | 114 | 125 |
| Reserve for Aliso Canyon costs | — | — | — | — | — | — | (144) | 56 |
| Southern California Gas Company | — | — | — | — | — | — | (144) | 56 |
| Reserve for Aliso Canyon costs | — | (12) | (98) | (1,851) | 1,532 | 141 | — | — |
| Southern California Gas Company | — | — | — | — | — | 141 | — | — |
| Other current liabilities | 177 | 142 | 1,270 | 228 | (105) | (127) | (99) | (119) |
| San Diego Gas and Electric Company | — | — | — | — | — | (100) | 4 | 4 |
| Southern California Gas Company | — | — | — | — | — | (21) | (21) | (6) |
| Intercompany activities with discontinued operations, net | — | — | — | — | 0 | 0 | 378 | — |
| Insurance receivable for Aliso Canyon costs | — | 0 | 0 | 360 | 85 | (106) | 122 | (43) |
| Southern California Gas Company | — | — | — | — | — | (106) | 122 | (43) |
| Distributions from investments | 1,120 | 1,093 | 912 | 854 | 941 | 651 | — | — |
| Wildfire fund, current and noncurrent | — | — | — | — | 0 | 0 | (323) | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | (323) | — |
| Reserve for Aliso Canyon costs, noncurrent | — | — | — | 1 | 0 | 294 | — | — |
| Southern California Gas Company | — | — | — | — | — | 294 | — | — |
| Changes in other noncurrent assets and liabilities, net | 280 | (150) | (594) | (565) | (496) | 56 | (152) | 14 |
| San Diego Gas and Electric Company | — | — | — | — | — | (158) | (10) | 9 |
| Southern California Gas Company | — | — | — | — | — | 178 | (322) | (144) |
| Net cash provided by continuing operations | — | — | — | 1,142 | 3,842 | 3,642 | 2,698 | — |
| Net cash used in discontinued operations | — | — | — | 0 | 0 | (1,051) | 390 | — |
| Net cash provided by operating activities | 4,565 | 4,907 | 6,218 | 1,142 | 3,842 | 2,591 | 3,088 | 3,447 |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,389 | 1,090 | 1,584 |
| Southern California Gas Company | — | — | — | — | — | 1,526 | 868 | 1,013 |
| Net cash used in investing activities | ||||||||
| Expenditures for property, plant and equipment | (10,612) | (8,215) | (8,397) | (5,357) | (5,015) | (4,676) | (3,708) | (3,784) |
| San Diego Gas and Electric Company | — | — | — | — | — | (1,942) | (1,522) | (1,542) |
| Southern California Gas Company | — | — | — | — | — | (1,843) | (1,439) | (1,538) |
| Expenditures for investments and acquisitions, net of cash and cash equivalents acquired | — | — | — | — | — | — | (1,797) | — |
| Expenditures for investments | (2,015) | (988) | (382) | (376) | (633) | (652) | — | — |
| Proceeds from sale of assets | — | — | 3 | 0 | 38 | 19 | 899 | 1,593 |
| Return on investments | 0 | 9 | 0 | — | 366 | 761 | — | 10 |
| Purchases of nuclear decommissioning trust assets | — | — | — | — | — | — | — | (890) |
| Proceeds from sales by nuclear decommissioning trust assets | — | — | — | — | — | — | — | 890 |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | (8) | — |
| 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) | — | (961) | (1,439) | (914) | — |
| San Diego Gas and Electric Company | — | — | — | — | — | (1,439) | (914) | (890) |
| Proceeds from sales of nuclear decommissioning and other trust assets | 1,098 | 942 | 661 | — | 961 | 1,439 | 914 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,439 | 914 | 890 |
| Expenditures for investments and acquisitions, net of cash, cash equivalents and restricted cash acquired | — | — | — | — | — | — | — | (10,376) |
| Advances to unconsolidated affiliates | — | — | 0 | 0 | (8) | (92) | (16) | (102) |
| Repayments of advances to unconsolidated affiliates | — | — | — | — | — | — | — | 71 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | 0 | 0 |
| Southern California Gas Company | — | — | — | — | — | — | — | 0 |
| Repayments of advances to unconsolidated affiliates | — | 0 | 0 | 626 | 38 | 7 | 3 | — |
| Disbursement for note receivable | — | — | 0 | 0 | (305) | — | — | — |
| Intercompany activities with discontinued operations, net | — | — | — | — | 0 | 0 | 8 | — |
| Other | 23 | 23 | 9 | 6 | 11 | 15 | 30 | 31 |
| San Diego Gas and Electric Company | — | — | — | — | — | 8 | 8 | 0 |
| Southern California Gas Company | — | — | — | — | — | 0 | 1 | 7 |
| Net cash used in continuing operations | — | — | — | (5,039) | (5,508) | (4,618) | (4,581) | — |
| Net cash provided by discontinued operations | — | — | — | 0 | 0 | 5,171 | (12) | — |
| Net cash used in investing activities | (12,537) | (9,118) | (8,716) | (5,039) | (5,508) | 553 | (4,593) | (12,557) |
| San Diego Gas and Electric Company | — | — | — | — | — | (1,934) | (1,522) | (1,542) |
| Southern California Gas Company | — | — | — | — | — | (1,843) | (1,438) | (1,531) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Common dividends paid | (1,603) | (1,499) | (1,483) | (1,430) | (1,331) | (1,174) | (993) | (877) |
| San Diego Gas and Electric Company | — | — | — | — | — | (200) | 0 | (250) |
| Southern California Gas Company | — | — | — | — | — | (100) | (150) | (50) |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 322 | — |
| Preferred dividends paid | (40) | (44) | (44) | (44) | (99) | (157) | (142) | (89) |
| Southern California Gas Company | — | — | — | — | — | (1) | (1) | (1) |
| Preferred dividends paid by subsidiary | — | — | — | — | — | — | — | 1 |
| Issuances of mandatory convertible preferred stock, net | — | — | — | — | — | — | 0 | 2,258 |
| Issuances of preferred stock, net | — | — | — | 0 | 0 | 891 | — | — |
| Redemption of preferred stock | (900) | — | — | — | — | — | — | — |
| Issuances of common stock, net | 32 | 1,219 | 145 | 4 | 5 | 11 | 1,830 | 2,272 |
| Repurchases of common stock | (58) | (43) | (32) | (478) | (339) | (566) | (26) | (21) |
| Issuances of debt (maturities greater than 90 days) | 11,282 | 8,674 | 7,669 | 9,984 | 3,773 | 6,051 | 4,296 | 9,174 |
| San Diego Gas and Electric Company | — | — | — | — | — | 1,598 | 400 | 618 |
| Southern California Gas Company | — | — | — | — | — | 949 | 349 | 949 |
| Payments on debt (maturities greater than 90 days) and finance leases | — | — | — | (4,510) | (5,489) | (5,864) | (3,667) | (3,510) |
| San Diego Gas and Electric Company | — | — | — | — | — | (510) | (274) | (492) |
| Southern California Gas Company | — | — | — | — | — | (12) | (6) | (500) |
| 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) | 1,913 | (1,759) | 656 | (124) |
| San Diego Gas and Electric Company | — | — | — | — | — | (80) | (211) | 38 |
| Southern California Gas Company | — | — | — | — | — | (517) | 374 | 140 |
| Advances from unconsolidated affiliates | 150 | 85 | 31 | 28 | 40 | 64 | 155 | 0 |
| 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 | — | — | — | 26 | 5 | 90 |
| Net distributions to noncontrolling interests | — | — | — | — | — | — | — | (43) |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 57 |
| Settlement of cross-currency swaps | — | — | — | — | — | — | — | (33) |
| Purchases of noncontrolling interests | — | — | — | — | — | (248) | 30 | — |
| Contributions from noncontrolling interests | 327 | 1,235 | 1,219 | 1,732 | 3,206 | 1 | 98 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 0 | 172 | — |
| Purchases of noncontrolling interests | — | — | 0 | 0 | (224) | — | — | — |
| Distributions to noncontrolling interests | — | — | — | (237) | 0 | 0 | (266) | — |
| San Diego Gas and Electric Company | — | — | — | — | — | (11) | (4) | (5) |
| Southern California Gas Company | — | — | — | — | — | (8) | (4) | (10) |
| Distributions to noncontrolling interests | (609) | (297) | (730) | — | — | — | — | — |
| Contributions from noncontrolling interests | — | — | 1,570 | 31 | 4 | — | — | — |
| Settlement of cross-currency swaps | — | — | (99) | — | — | — | — | — |
| Termination of interest rate and settlement of cross-currency swaps | 0 | 46 | — | — | — | — | — | — |
| Other | (93) | (56) | (85) | (35) | (199) | (50) | (49) | (90) |
| Net cash provided by (used in) continuing operations | — | — | — | 3,779 | 1,260 | (2,774) | 1,867 | — |
| Net cash provided by discontinued operations | — | — | — | 0 | 0 | 401 | (392) | — |
| Net cash (used in) provided by financing activities | 9,930 | 5,424 | 2,419 | 3,779 | 1,260 | (2,373) | 1,475 | 9,006 |
| San Diego Gas and Electric Company | — | — | — | — | — | 797 | 405 | (34) |
| Southern California Gas Company | — | — | — | — | — | 311 | 562 | 528 |
| Southern California Gas Company | — | — | — | — | — | — | — | 10 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 8 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | (13) | 6 | (1) | 2 | 0 | 0 | (14) |
| Effect of exchange rate changes in discontinued operations | — | — | — | 0 | 0 | (3) | 1 | — |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 5 | — | — | (1) | 2 | (3) | 1 | — |
| (Decrease) increase in cash, cash equivalents and restricted cash | 1,963 | 1,200 | (73) | (119) | (404) | 768 | (29) | (118) |
| San Diego Gas and Electric Company | — | — | — | — | — | 252 | (27) | — |
| Southern California Gas Company | — | — | — | — | — | (6) | (8) | — |
| Cash, cash equivalents and restricted cash, January 1 | 1,589 | 389 | 462 | — | — | — | 246 | 364 |
| San Diego Gas and Electric Company | — | — | — | — | — | 262 | 10 | 37 |
| Southern California Gas Company | — | — | — | — | — | 4 | 10 | — |
| Cash, cash equivalents and restricted cash, December 31 | — | 1,589 | — | — | — | — | — | 246 |
| San Diego Gas and Electric Company | — | — | — | — | — | 262 | 10 | 37 |
| Cash and cash equivalents, January 1 | — | — | — | — | — | — | 190 | 288 |
| Southern California Gas Company | — | — | — | — | — | — | — | 18 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 8 |
| Cash and cash equivalents, December 31 | — | — | — | — | — | — | — | 190 |
| Southern California Gas Company | — | — | — | — | — | — | — | 18 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 8 |
| Southern California Gas Company | — | — | — | — | — | 4 | 10 | — |
| Cash, cash equivalents and restricted cash, January 1 | 1,589 | 389 | 462 | 581 | 985 | 217 | 246 | — |
| Cash, cash equivalents and restricted cash, December 31 | 3,552 | — | 389 | 462 | 581 | 985 | 217 | — |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES | ||||||||
| Interest payments, net of amounts capitalized | 1,449 | 1,205 | 1,172 | 1,014 | 1,163 | 1,046 | 1,051 | 812 |
| San Diego Gas and Electric Company | — | — | — | — | — | 404 | 405 | 214 |
| Southern California Gas Company | — | — | — | — | — | 146 | 126 | 105 |
| Income tax payments, net of refunds | 376 | 289 | 197 | 284 | 230 | 1,385 | 254 | 174 |
| San Diego Gas and Electric Company | — | — | — | — | — | 25 | 191 | 112 |
| Southern California Gas Company | — | — | — | — | — | 19 | 188 | 0 |
| Assets acquired | — | — | — | — | — | 0 | 0 | 9,921 |
| Value of equity method investment immediately prior to acquisition | — | — | — | — | — | — | 0 | 0 |
| Liabilities assumed | — | — | — | — | — | 0 | 0 | (145) |
| Cash paid | — | — | — | — | — | 0 | 0 | 9,776 |
| Accrued commercial paper proceeds | — | — | — | — | 0 | 0 | 67 | — |
| Contribution to Cameron LNG JV | — | — | — | 0 | 0 | — | — | — |
| Distribution from Cameron LNG JV | — | — | — | 0 | 0 | — | — | — |
| Increase in Cameron LNG JV investment for guarantee | — | — | 0 | 0 | 22 | — | — | — |
| Accrued interest receivable capitalized to note receivable | 18 | 17 | — | — | — | — | — | — |
| Repayments of advances from unconsolidated affiliate in lieu of distributions | 45 | 62 | 36 | 32 | 45 | — | — | — |
| Accrued capital expenditures for PP&E | 1,653 | 1,181 | 1,052 | 590 | 591 | 535 | 515 | 459 |
| San Diego Gas and Electric Company | — | — | — | — | — | 199 | 174 | 159 |
| Southern California Gas Company | — | — | — | — | — | 208 | 205 | 191 |
| Increase in capital lease obligations for investment in property, plant and equipment | — | — | — | — | — | — | — | 558 |
| San Diego Gas and Electric Company | — | — | — | — | — | — | — | 550 |
| Accrued Merger-related transaction costs | — | — | — | — | — | — | — | 0 |
| Capital expenditures reclassified from other assets to PP&E | 3 | 53 | — | — | — | — | — | — |
| Increase in ARO capitalized to PP&E | 11 | 1 | 33 | 91 | 153 | 142 | — | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 31 | — | — |
| Southern California Gas Company | — | — | — | — | — | 107 | — | — |
| Equitization of long-term debt for deficit held by NCI | — | — | — | 0 | 0 | 22 | — | 0 |
| Contribution to Cameron LNG JV | — | — | — | — | — | 50 | — | — |
| Distribution from Cameron LNG JV | — | — | — | — | — | 50 | — | — |
| Accrued purchase price adjustment for sale of NCI | — | — | — | 0 | 13 | — | — | — |
| Issuance of common stock in exchange for NCI and related AOCI | — | — | 0 | 0 | 1,373 | — | — | — |
| Conversion of mandatory convertible preferred stock | — | — | 0 | 0 | 2,258 | — | — | — |
| Increase in finance lease obligations capitalized to PP&E | 47 | 41 | 57 | 57 | 43 | 77 | 38 | — |
| San Diego Gas and Electric Company | — | — | — | — | — | 30 | 16 | — |
| Southern California Gas Company | — | — | — | — | — | 47 | 22 | — |
| Derecognized PP&E for net investment in sales-type lease | — | — | 0 | 0 | 44 | — | — | — |
| 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.