Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 37

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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ANCE SHEETS

(in millions, except share amounts)(Unaudited)Balance atMarch 31, 2025December 31, 2024LIABILITIES AND EQUITY  Current Liabilities  Short-term borrowings$1,524 $1,523 Long-term debt, classified as current (includes $223 million and $222 million related to VIEs at respective dates)4,699 2,146 Accounts payableTrade creditors2,521 2,748 Regulatory balancing accounts2,575 3,169 Other790 748 Operating lease liabilities87 85 Financing lease liabilities570 577 Interest payable (includes $176 million and $91 million related to VIEs at respective dates)688 760 Wildfire-related claims750 916 Other3,618 3,658 Total current liabilities17,822 16,330 Noncurrent Liabilities  Long-term debt (includes $10.1 billion and $10.1 billion related to VIEs at respective dates)52,659 53,569 Regulatory liabilities19,637 19,417 Pension and other postretirement benefits813 808 Asset retirement obligations5,509 5,444 Deferred income taxes3,251 3,082 Operating lease liabilities425 439 Financing lease liabilities4 4 Other4,386 4,166 Total noncurrent liabilities86,684 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; 2,197,685,013 and 2,193,573,536 shares outstanding at respective dates31,532 31,555 Reinvested earnings(2,414)(2,966)Accumulated other comprehensive loss(12)(19)Total shareholders’ equity30,685 30,149 Noncontrolling Interest - Preferred Stock of Subsidiary252 252 Total equity30,937 30,401 TOTAL LIABILITIES AND EQUITY$135,443 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

33

PG&E CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in millions)

(Unaudited)