Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 158

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 158
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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 capital36,705 35,930 Reinvested earnings(1,790)(1,940)Accumulated other comprehensive loss(5)(20)Total shareholders’ equity36,490 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$135,961 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

43

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED 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