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$45.92-0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $275 | $160 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 369 | 340 |
| Deferred income taxes | 18 | (3) |
| Pension and other postretirement benefits | 4 | 4 |
| Allowance for equity funds used during construction | (17) | (12) |
| Alternative revenue programs | 27 | (6) |
| Regulatory assets | (130) | 10 |
| Regulatory liabilities | (16) | 17 |
| Tax credit sales | 31 | — |
| Other non-cash income and expenses, net | 59 | 46 |
| Changes in working capital: | ||
| Accounts receivable, net | (64) | 23 |
| Inventories | (2) | (14) |
| Margin deposits | 1 | 87 |
| Accounts payable and accrued liabilities | 67 | (181) |
| Margin deposits from wholesale counterparties | 2 | (133) |
| Other working capital items, net | 28 | 20 |
| Other, net | (44) | (27) |
| Net cash provided by operating activities | 608 | 331 |
| See accompanying notes to condensed consolidated financial statements. | ||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued
(In millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from investing activities: | ||
| Capital expenditures | $(876) | $(931) |
| Sales of Nuclear decommissioning trust securities | — | 1 |
| Purchases of Nuclear decommissioning trust securities | (4) | (1) |
| Proceeds from sale of properties | — | 2 |
| Other, net | (20) | (3) |
| Net cash used in investing activities | (900) | (932) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock | 178 | 485 |
| Proceeds from issuance of long-term debt | 450 | 400 |
| Payments on long-term debt | — | (260) |
| Issuance (maturities) of commercial paper, net | (146) | — |
| Dividends paid | (148) | (131) |
| Other | (12) | (11) |
| Net cash provided by financing activities | 322 | 483 |
| Change in cash and cash equivalents | 30 | (118) |
| Cash and cash equivalents, beginning of period | 5 | 165 |
| Cash and cash equivalents, end of period | $35 | $47 |
| Supplemental cash flow information is as follows: | ||
| Cash paid for interest, net of amounts capitalized | $121 | $91 |
| Cash paid (received) for income taxes, net | (14) | 25 |
| See accompanying notes to condensed consolidated financial statements. | ||
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