Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 7

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
ARIESCONDENSED CONSOLIDATED BALANCE SHEETS, continued(Dollars in millions)(Unaudited)                        

March 31, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable$281 $365 Liabilities from price risk management activities—current109 147 Current portion of long-term debt68 170 Current portion of finance lease obligation27 27 Accrued expenses and other current liabilities437 410 Total current liabilities922 1,119 Long-term debt, net of current portion4,663 4,354 Regulatory liabilities—noncurrent1,412 1,440 Deferred income taxes595 564 Deferred investment tax credits59 61 Unfunded status of pension and postretirement plans137 140 Liabilities from price risk management activities—noncurrent67 72 Asset retirement obligations293 292 Non-qualified benefit plan liabilities73 74 Finance lease obligations, net of current portion273 276 Other noncurrent liabilities357 358 Total liabilities8,851 8,750 Commitments and contingencies (see notes)Shareholders’ Equity:Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024— — Common stock, no par value, 160,000,000 shares authorized; 109,503,325 and 109,342,251 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively2,123 2,118 Accumulated other comprehensive loss(4)(4)Retained earnings1,725 1,680 Total shareholders’ equity3,844 3,794 Total liabilities and shareholders’ equity$12,695 $12,544 See accompanying notes to condensed consolidated financial statements.

6

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

Three Months Ended March 31, 20252024Cash flows from operating activities:Net income$100 $109 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization140