Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 51

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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D CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)(Unaudited) Six Months Ended June 30, 20252024Cash Flows from Operating Activities  Net income$1,307 $1,346 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, net498 529 Wildfire Fund expense185 156 Other(40)(154)Effect of changes in operating assets and liabilities:Accounts receivable(564)(960)Wildfire-related insurance receivable(133)196 Inventories34 47 Accounts payable188 408 Wildfire-related claims(129)(483)Other current assets and liabilities(35)(652)Regulatory assets, liabilities, and balancing accounts, net749 734 Other noncurrent assets and liabilities(287)(179)Net cash provided by operating activities4,087 3,114 Cash Flows from Investing Activities  Capital expenditures(5,700)(4,936)Proceeds from sales and maturities of nuclear decommissioning trust investments779 1,044 Purchases of nuclear decommissioning trust investments(809)(1,082)Proceeds from sales and maturities of customer credit trust investments196 174 Purchases of customer credit investments(693)(435)Proceeds from self-insurance investments186 — Purchases of self-insurance investments(237)— Other10 10 Net cash used in investing activities(6,268)(5,225)Cash Flows from Financing Activities  Borrowings under credit facilities515 5,528 Repayments under credit facilities(325)(4,827)Repayments under term loan— (100)Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $27 and $9 at respective dates2,973 2,259 Repayments of long-term debt(1,050)(450)Repayment of AB 1054 recovery bonds(48)(23)Repayment of SB 901 recovery bonds(67)(64)Preferred stock dividends paid(7)(7)Common stock dividends paid(1,150)(950)Equity contribution from PG&E Corporation775 705 

44

Proceeds from DWR