Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 8

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 Accumulated other comprehensive loss(3)(4)Retained earnings1,774 1,680 Total shareholders’ equity3,950 3,794 Total liabilities and shareholders’ equity$13,014 $12,544 See accompanying notes to condensed consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  (In millions)   (Unaudited)                                                            

Nine Months Ended September 30, 20252024Cash flows from operating activities:Net income$265 $275 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization427 369 Deferred income taxes39 18 Allowance for equity funds used during construction(15)(17)Alternative revenue programs(11)27 Regulatory assets(6)(130)Regulatory liabilities(21)(16)Tax credit sales153 31 Other non-cash income and expenses, net69 63 Changes in working capital:Accounts receivable, net(9)(64)Inventories(10)(2)Margin deposits66 1 Accounts payable and accrued liabilities43 67 Margin deposits from wholesale counterparties— 2 Other working capital items, net37 28 Other, net(57)(44)Net cash provided by operating activities970 608 See accompanying notes to condensed consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued(In millions)(Unaudited)                                                                                                                                           

Nine Months Ended September 30, 20252024Cash flows from investing activities:Capital expenditures$(899)$(876)Sales of Nuclear decommissioning trust securities4 — Purchases of Nuclear decommissioning trust securities(9)(4)Other, net(12)(20)Net cash used in investing activities(916)(900)Cash flows from financing activities:Proceeds from issuance of common stock49 178 Proceeds from issuance of long-term debt310 450 Payments on long-term debt(102)— Maturities of commercial paper, net— (146)Dividends paid(167)(148)Other(19)(12)Net cash provided by financing activities71 322 Change in cash and cash equivalents125 30 Cash and cash