PORTLAND GENERAL ELECTRIC CO OR
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
POR$45.98+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Dollars in millions)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $35 | $5 |
| Accounts receivable, net | 459 | 414 |
| Inventories | 115 | 113 |
| Regulatory assets—current | 185 | 221 |
| Other current assets | 156 | 182 |
| Total current assets | 950 | 935 |
| Electric utility plant, net | 10,075 | 9,546 |
| Regulatory assets—noncurrent | 619 | 492 |
| Nuclear decommissioning trust | 35 | 31 |
| Non-qualified benefit plan trust | 36 | 35 |
| Other noncurrent assets | 166 | 169 |
| Total assets | $11,881 | $11,208 |
| See accompanying notes to condensed consolidated financial statements. | ||
CONDENSED CONSOLIDATED BALANCE SHEETS, continued
(Dollars in millions)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $351 | $347 |
| Liabilities from price risk management activities—current | 114 | 164 |
| Short-term debt | — | 146 |
| Current portion of long-term debt | 80 | 80 |
| Current portion of finance lease obligation | 26 | 20 |
| Accrued expenses and other current liabilities | 401 | 355 |
| Total current liabilities | 972 | 1,112 |
| Long-term debt, net of current portion | 4,354 | 3,905 |
| Regulatory liabilities—noncurrent | 1,413 | 1,398 |
| Deferred income taxes | 552 | 488 |
| Unfunded status of pension and postretirement plans | 161 | 172 |
| Liabilities from price risk management activities—noncurrent | 74 | 75 |
| Asset retirement obligations | 273 | 272 |
| Non-qualified benefit plan liabilities | 76 | 79 |
| Finance lease obligations, net of current portion | 279 | 289 |
| Other noncurrent liabilities | 97 | 99 |
| Total liabilities | 8,251 | 7,889 |
| Commitments and contingencies (see notes) | ||
| Shareholders’ Equity: | ||
| Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Common stock, no par value, 160,000,000 shares authorized; 105,455,590 and 101,159,609 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 1,938 | 1,750 |
| Accumulated other comprehensive loss | (5) | (5) |
| Retained earnings | 1,697 | 1,574 |
| Total shareholders’ equity | 3,630 | 3,319 |
| Total liabilities and shareholders’ equity | $11,881 | $11,208 |
| See accompanying notes to condensed consolidated financial statements. | ||
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