Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 46

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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,417 Pension and other postretirement benefits834 808 Asset retirement obligations5,354 5,444 Deferred income taxes3,777 3,082 Operating lease liabilities375 439 Financing lease liabilities5 4 Other4,787 4,166 Total noncurrent liabilities90,724 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 dates31,588 31,555 Reinvested earnings(1,181)(2,966)Accumulated other comprehensive loss(8)(19)Total shareholders’ equity31,978 30,149 Noncontrolling Interest - Preferred Stock of Subsidiary252 252 Total equity32,230 30,401 TOTAL LIABILITIES AND EQUITY$138,249 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

37

PG&E CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(Unaudited) Nine Months Ended September 30, 20252024Cash Flows from Operating Activities  Net income$2,033 $1,838 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, net700 684 Wildfire Fund expense271 295 Other(84)258 Effect of changes in operating assets and liabilities:Accounts receivable(454)(952)Wildfire-related insurance receivable(106)278 Inventories57 31 Accounts payable25 541 Wildfire-related claims(424)(429)Other current assets and liabilities377 (521)Regulatory assets, liabilities, and balancing accounts, net1,324 1,658 Other noncurrent assets and liabilities(432)(820)Net cash provided by operating activities6,756 6,103 Cash Flows from Investing Activities  Capital expenditures(8,631)(7,541)Proceed