Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 160

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 160
---
2024LIABILITIES AND EQUITY  Current Liabilities  Short-term borrowings$1,025 $1,523 Long-term debt, classified as current (includes $218 million and $222 million related to VIEs at respective dates)2,769 2,146 Accounts payableTrade creditors3,019 2,748 Regulatory balancing accounts2,561 3,169 Other748 748 Operating lease liabilities87 85 Financing lease liabilities1 577 Interest payable (includes $156 million and $91 million related to VIEs at respective dates)657 760 Wildfire-related claims492 916 Other3,936 3,658 Total current liabilities15,295 16,330 Noncurrent Liabilities  Long-term debt (includes $11.8 billion and $10.1 billion related to VIEs at respective dates)55,531 53,569 Regulatory liabilities20,061 19,417 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