Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 168

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 168
---
 retirement obligations5,354 5,444 Deferred income taxes4,368 3,632 Operating lease liabilities371 434 Financing lease liabilities5 4 Other4,811 4,198 Total noncurrent liabilities85,650 81,828 Shareholders’ Equity  Preferred stock258 258 Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares  outstanding at respective dates1,322 1,322 Additional paid-in capital37,225 35,930 Reinvested earnings(1,455)(1,940)Accumulated other comprehensive loss(8)(20)Total shareholders’ equity37,342 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$137,933 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

45

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)(Unaudited) Nine Months Ended September 30, 20252024Cash Flows from Operating Activities  Net income$2,220 $1,964 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning3,302 3,134 Bad debt expense331 244 Allowance for equity funds used during construction(164)(136)Deferred income taxes and tax credits, net738 760 Wildfire Fund expense271 295 Other(121)208 Effect of changes in operating assets and liabilities:Accounts receivable(456)(952)Wildfire-related insurance receivable(106)278 Inventories57 31 Accounts payable27 530 Wildfire-related claims(424)(429)Other current assets and liabilities449 (493)Regulatory assets, liabilities, and balancing accounts, net1,324 1,658 Other noncurrent assets and liabilities(429)(820)Net cash provided by operating activities7,019 6,272 Cash Flows from Investing Activities  Capital expenditures(8,631)(7,541)Proceeds from sales and maturities of nuclear decommissioning trust investments1,365 1,410 Purchases of nuclear decommissioning trust investments(1,421)(1,468)Proceeds from sales and maturities of customer credit trust investments310