Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 28

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 28
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5John R. Simon, Attorney-in-Fact

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PG&E CORPORATIONSCHEDULE I — CONSOLIDATED FINANCIAL INFORMATION OF PG&E CORPORATION (“PARENT”)CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Years Ended December 31,(in millions, except per share amounts)202420232022Administrative service revenue$146 $154 $109 Operating expenses(167)(165)(193)Interest income15 13 3 Interest expense(270)(365)(261)Other income (expense)(17)(21)(201)Equity in earnings of subsidiaries2,697 2,530 2,154 Income Before Income Taxes2,404 2,146 1,611 Income tax benefit(94)(96)(132)Net Income$2,498 $2,242 $1,743 Preferred stock dividend requirement23 — — Income Available for Common Shareholders$2,475 $2,242 $1,743 Other Comprehensive Income (Loss)   Pension and other postretirement benefit plans obligations (net of taxes of $3, $6, and $8, at respective dates)(7)(16)21 Net unrealized gain on available-for-sale securities (net of taxes of $0, $0, and $0, respectively)1 — — Total other comprehensive income (loss)(6)(16)21 Comprehensive Income$2,469 $2,226 $1,764 Weighted Average Common Shares Outstanding, Basic2,141 2,064 2,235 Weighted Average Common Shares Outstanding, Diluted2,147 2,138 2,380 Net Earnings Per Common Share, Basic$1.16 $1.09 $0.78 Net Earnings Per Common Share, Diluted$1.15 $1.05 $0.73 

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PG&E CORPORATIONSCHEDULE I — CONSOLIDATED FINANCIAL INFORMATION OF PG&E CORPORATION (“PARENT”) – (Continued)CONSOLIDATED BALANCE SHEETS Balance at December 31,(in millions)20242023ASSETS  Current Assets  Cash and cash equivalents$235 $192 Restricted cash and restricted cash equivalents1 3 Advances to affiliates13 24 Income taxes receivable2 2 Other current assets— 1 Total current assets251