Company: POR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000784977-25-000012
Chunk: 40

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 40
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 activities:Net income$313 $228 $233 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization496 458 417 Deferred income taxes23 8 6 Allowance for equity funds used during construction(23)(19)(14)Pension and other postretirement benefits6 5 13 Alternative revenue programs40 (11)(11)Stock-based compensation24 17 15 Regulatory assets(126)20 (46)Regulatory liabilities(20)24 5 Tax credit sales112 24 — Other non-cash income and expenses, net57 40 40 Changes in working capital:Accounts receivable and unbilled revenues(66)(29)(66)Margin deposits(33)24 (80)Accounts payable and accrued liabilities47 (166)157 Margin deposits from wholesale counterparties— (135)82 Other working capital items, net(12)(20)(22)Contribution to non-qualified employee benefit trust(10)(7)(9)Asset retirement obligation settlements(16)(25)(27)Other, net(34)(16)(19)Net cash provided by operating activities778 420 674 Cash flows from investing activities:Capital expenditures(1,268)(1,358)(766)Purchases of nuclear decommissioning trust securities(8)(1)(3)Sales of nuclear decommissioning trust securities2 1 3 Other, net(23)— 8 Net cash used in investing activities(1,297)(1,358)(758)See accompanying notes to consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS, continued(In millions)

Years Ended December 31,202420232022Cash flows from financing activities:Proceeds from issuance of long-term debt$670 $600 $360 Payments on long-term debt(130)(260)— Proceeds from issuances of common stock, net of issuance costs346 485 — Issuance (maturities) of commercial paper, net(146)146 — Proceeds from Pelton/Round Butte financing arrangement— — 25 Dividends paid(200)(179)(158)Repurchase of common stock— — (18)Other(14)(14)(12)Net cash provided by financing activities526