Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 135

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 135
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600,000,000 and 3,600,000,000 shares at respective dates; 2,193,573,536 and 2,133,597,758 shares outstanding at respective dates31,555 30,374 Reinvested earnings(2,966)(5,321)Accumulated other comprehensive loss(19)(13)Total shareholders’ equity30,149 25,040 Noncontrolling Interest - Preferred Stock of Subsidiary252 252 Total equity30,401 25,292 TOTAL LIABILITIES AND EQUITY$133,660 $125,698 

See accompanying Notes to the Consolidated Financial Statements.

92

PG&E CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in millions) Year ended December 31, 202420232022Cash Flows from Operating Activities   Net income $2,512 $2,256 $1,814 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning4,189 3,738 3,856 Bad debt expense341 636 143 Allowance for equity funds used during construction(184)(179)(184)Deferred income taxes and tax credits, net1,098 (765)(452)Wildfire Fund expense383 568 477 Disallowed capital expenditures— — 15 Other310 (116)517 Effect of changes in operating assets and liabilities:Accounts receivable(1,061)(369)(757)Wildfire-related insurance receivable318 358 453 Inventories45 (28)(246)Accounts payable30 (90)627 Wildfire-related claims(506)(489)(810)Other current assets and liabilities(231)397 17 Regulatory assets, liabilities, and balancing accounts, net1,545 (429)(1,131)Contributions to Wildfire Fund(193)(193)(193)Other noncurrent assets and liabilities(561)(548)(425)Net cash provided by operating activities8,035 4,747 3,721 Cash Flows from Investing Activities   Capital expenditures(10,369)(9,714)(9,584)Proceeds from sales and maturities of nuclear decommissioning trust    investments1,980 2,235 3,316 Purchases of nuclear decommissioning trust investments(2,002