Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 8

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 loss(4)(4)Retained earnings1,729 1,680 Total shareholders’ equity3,852 3,794 Total liabilities and shareholders’ equity$12,681 $12,544 See accompanying notes to condensed consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  (In millions)   (Unaudited)                                                            

Six Months Ended June 30, 20252024Cash flows from operating activities:Net income$162 $181 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization279 243 Deferred income taxes25 27 Allowance for equity funds used during construction(11)(11)Alternative revenue programs(5)14 Regulatory assets(3)(118)Regulatory liabilities(16)(10)Tax credit sales13 13 Other non-cash income and expenses, net49 42 Changes in working capital:Accounts receivable, net52 16 Inventories(9)(4)Margin deposits85 37 Accounts payable and accrued liabilities(35)(34)Other working capital items, net22 6 Other, net(41)(38)Net cash provided by operating activities567 364 See accompanying notes to condensed consolidated financial statements.

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

Six Months Ended June 30, 20252024Cash flows from investing activities:Capital expenditures$(596)$(623)Sales of Nuclear decommissioning trust securities1 — Purchases of Nuclear decommissioning trust securities(3)(4)Other, net(11)(12)Net cash used in investing activities(609)(639)Cash flows from financing activities:Proceeds from issuance of common stock— 78 Proceeds from issuance of long-term debt310 450 Payments on long-term debt(102)— Maturities of commercial paper, net— (146)Dividends paid(109)(96)Other(13)(10)Net cash provided by financing activities86 276 Change in cash and cash equivalents44 1 Cash and cash equivalents, beginning of period12 5 Cash and cash equivalents, end of