Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 151

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 151
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,516 3,169 Other862 748 Operating lease liabilities88 85 Financing lease liabilities1 577 Interest payable (includes $65 million and $91 million related to VIEs at respective dates)767 760 Wildfire-related claims787 916 Other3,334 3,658 Total current liabilities16,185 16,330 Noncurrent Liabilities  Long-term debt (includes $10.2 billion and $10.1 billion related to VIEs at respective dates)54,004 53,569 Regulatory liabilities19,871 19,417 Pension and other postretirement benefits824 808 Asset retirement obligations5,499 5,444 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