Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 132

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 132
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88

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

PG&E CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts)Year ended December 31, 202420232022Operating Revenues  Electric$17,811 $17,424 $15,060 Natural gas6,608 7,004 6,620 Total operating revenues24,419 24,428 21,680 Operating Expenses  Cost of electricity2,261 2,443 2,756 Cost of natural gas1,192 1,754 2,100 Operating and maintenance11,808 11,924 9,809 SB 901 securitization charges, net33 1,267 608 Wildfire-related claims, net of recoveries94 64 237 Wildfire Fund expense383 567 477 Depreciation, amortization, and decommissioning4,189 3,738 3,856 Total operating expenses19,960 21,757 19,843 Operating Income4,459 2,671 1,837 Interest income604 606 162 Interest expense(3,051)(2,850)(1,917)Other income, net300 272 394 Income Before Income Taxes2,312 699 476 Income tax benefit(200)(1,557)(1,338)Net Income2,512 2,256 1,814 Preferred stock dividend requirement37 14 14 Income Available for Common Shareholders$2,475 $2,242 $1,800 Weighted Average Common Shares Outstanding, Basic2,141 2,064 1,987 Weighted Average Common Shares Outstanding, Diluted2,147 2,138 2,132 Net Income Per Common Share, Basic$1.16 $1.09 $0.91 Net Income Per Common Share, Diluted$1.15 $1.05 $0.84 

See accompanying Notes to the Consolidated Financial Statements.

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PG&E CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions) Year ended December 31, 202420232022Net Income$2,512 $2,256 $1,814 Other Comprehensive Income (Loss)Pension and other postretirement benefit plans