Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 44

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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444 Deferred income taxes3,550 3,082 Operating lease liabilities412 439 Financing lease liabilities3 4 Other4,598 4,166 Total noncurrent liabilities88,761 86,929 Equity  Shareholders’ Equity  Mandatory convertible preferred stock1,579 1,579 Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,197,837,402 and 2,193,573,536 shares outstanding at respective dates31,560 31,555 Reinvested earnings(1,949)(2,966)Accumulated other comprehensive loss(4)(19)Total shareholders’ equity31,186 30,149 Noncontrolling Interest - Preferred Stock of Subsidiary252 252 Total equity31,438 30,401 TOTAL LIABILITIES AND EQUITY$136,384 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

35

PG&E CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(Unaudited) Six Months Ended June 30,  20252024Cash Flows from Operating Activities  Net income$1,183 $1,259 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning2,170 2,075 Bad debt expense241 135 Allowance for equity funds used during construction(97)(84)Deferred income taxes and tax credits, net472 485 Wildfire Fund expense185 156 Other(29)(134)Effect of changes in operating assets and liabilities:Accounts receivable(562)(960)Wildfire-related insurance receivable(133)196 Inventories34 47 Accounts payable188 419 Wildfire-related claims(129)(483)Other current assets and liabilities(76)(692)Regulatory assets, liabilities, and balancing accounts, net750 734 Other noncurrent assets and liabilities(292)(181)Net cash provided by operating activities3,905 2,972 Cash Flows from Investing Activities  Capital expenditures(5,700)(4,936)Proceeds from sales and maturities of nuclear decommissioning trust investments779 1,044 Purchases of nuclear decommissioning