Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 43

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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current liabilities81,595 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 capital36,380 35,930 Reinvested earnings(1,823)(1,940)Accumulated other comprehensive loss(13)(20)Total shareholders’ equity36,124 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$135,158 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

40

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in millions)(Unaudited) Three Months Ended March 31, 20252024Cash Flows from Operating Activities  Net income $695 $781 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization, and decommissioning1,097 1,022 Bad debt expense100 70 Allowance for equity funds used during construction(48)(39)Deferred income taxes and tax credits, net180 260 Wildfire Fund expense76 78 Other(22)(90)Effect of changes in operating assets and liabilities:Accounts receivable(2)(374)Wildfire-related insurance receivable(5)75 Inventories31 49 Accounts payable92 599 Wildfire-related claims(166)(253)Other current assets and liabilities122 (573)Regulatory assets, liabilities, and balancing accounts, net922 666 Other noncurrent assets and liabilities(117)38 Net cash provided by operating activities2,955 2,309 Cash Flows from Investing Activities  Capital expenditures(2,635)(2,638)Proceeds from sales and maturities of nuclear decommissioning trust investments278 457 Purchases of nuclear decommissioning trust investments(317)(484)Proceeds from sales and maturities of customer credit trust investments99 81 Purchases of customer credit investments(669)(350)Proceeds from self-insurance investments33 — Purchases of self-insurance investments(58)— Other5 4 Net cash used in investing activities(3,264)(2,930)Cash Flows from Financing Activities