Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 54

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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ATED STATEMENTS OF CASH FLOWS

(in millions)(Unaudited) Nine Months Ended September 30, 20252024Cash Flows from Operating Activities  Net income$2,220 $1,964 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning3,302 3,134 Bad debt expense331 244 Allowance for equity funds used during construction(164)(136)Deferred income taxes and tax credits, net738 760 Wildfire Fund expense271 295 Other(121)208 Effect of changes in operating assets and liabilities:Accounts receivable(456)(952)Wildfire-related insurance receivable(106)278 Inventories57 31 Accounts payable27 530 Wildfire-related claims(424)(429)Other current assets and liabilities449 (493)Regulatory assets, liabilities, and balancing accounts, net1,324 1,658 Other noncurrent assets and liabilities(429)(820)Net cash provided by operating activities7,019 6,272 Cash Flows from Investing Activities  Capital expenditures(8,631)(7,541)Proceeds from sales and maturities of nuclear decommissioning trust investments1,365 1,410 Purchases of nuclear decommissioning trust investments(1,421)(1,468)Proceeds from sales and maturities of customer credit trust investments310 291 Purchases of customer credit investments(729)(477)Proceeds from self-insurance investments669 — Purchases of self-insurance investments(828)(449)Other15 15 Net cash used in investing activities(9,250)(8,219)Cash Flows from Financing Activities  Borrowings under credit facilities3,080 6,543 Repayments under credit facilities(1,330)(8,042)Borrowings under term loan500 — Repayments under term loan(1,000)(1,850)Short-term debt financing, net of issuance of costs of $0 and $1 at respective dates— 999 Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $27 and $9 at respective dates2,973 2,999 Repayments of long-term debt(1,925)(800)Proceeds from issuance of AB 1054 recovery bonds, net of financing fees of $0