Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 140

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 140
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Accumulated other comprehensive loss(13)(20)Total shareholders’ equity36,124 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$135,158 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

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PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in millions)(Unaudited) Three Months Ended March 31, 20252024Cash Flows from Operating Activities  Net income $695 $781 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning1,097 1,022 Bad debt expense100 70 Allowance for equity funds used during construction(48)(39)Deferred income taxes and tax credits, net180 260 Wildfire Fund expense76 78 Other(22)(90)Effect of changes in operating assets and liabilities:Accounts receivable(2)(374)Wildfire-related insurance receivable(5)75 Inventories31 49 Accounts payable92 599 Wildfire-related claims(166)(253)Other current assets and liabilities122 (573)Regulatory assets, liabilities, and balancing accounts, net922 666 Other noncurrent assets and liabilities(117)38 Net cash provided by operating activities2,955 2,309 Cash Flows from Investing Activities  Capital expenditures(2,635)(2,638)Proceeds from sales and maturities of nuclear decommissioning trust investments278 457 Purchases of nuclear decommissioning trust investments(317)(484)Proceeds from sales and maturities of customer credit trust investments99 81 Purchases of customer credit investments(669)(350)Proceeds from self-insurance investments33 — Purchases of self-insurance investments(58)— Other5 4 Net cash used in investing activities(3,264)(2,930)Cash Flows from Financing Activities  Borrowings under credit facilities— 2,458 Repayments under credit facilities— (3,612)Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $15 and $9 at respective dates1,735 2,259 

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Repayments of long-term debt— (450)Repayment of AB 1054 recovery bonds(24