PG&E Corp

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

PCG$13.14+1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONSOLIDATED BALANCE SHEETS

	Balance at
	December 31, 2023	December 31, 2022
ASSETS
Current Assets
Cash and cash equivalents	$635	$734
Restricted cash (includes $282 million and $201 million related to VIEs at respective dates)	297	213
Accounts receivable
Customers (net of allowance for doubtful accounts of $445 million and $166 million at respective dates)(includes $1.7 billion and $2.5 billion related to VIEs, net of allowance for doubtful accounts of $445 million and $166 million at respective dates)	2,048	2,645
Accrued unbilled revenue (includes $1.1 billion and $1.2 billion related to VIEs at respective dates)	1,254	1,304
Regulatory balancing accounts	5,660	3,264
Other	1,494	1,624
Regulatory assets	300	296
Inventories
Gas stored underground and fuel oil	65	91
Materials and supplies	805	751
Wildfire Fund asset	450	460
Other	1,375	1,433
Total current assets	14,383	12,815
Property, Plant, and Equipment
Electric	80,345	74,772
Gas	29,830	28,226
Construction work in progress	4,452	4,137
Financing lease ROU asset and other	787	19
Total property, plant, and equipment	115,414	107,154
Accumulated depreciation	(33,093)	(30,946)
Net property, plant, and equipment	82,321	76,208
Other Noncurrent Assets
Regulatory assets	17,189	16,443
Customer credit trust	233	745
Nuclear decommissioning trusts	3,574	3,297
Operating lease ROU asset	598	1,311
Wildfire Fund asset	4,297	4,847
Income taxes receivable	24	9
Other (includes noncurrent accounts receivable of $0 and $17 million related to VIEs, net of noncurrent allowance for doubtful accounts of $0 and $1 million at respective dates)	3,079	2,969
Total other noncurrent assets	28,994	29,621
TOTAL ASSETS	$125,698	$118,644

	Balance at
	December 31, 2023	December 31, 2022
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings	$3,971	$2,055
Long-term debt, classified as current (includes $176 million and $168 million related to VIEs at respective dates)	1,376	2,268
Accounts payable
Trade creditors	2,309	2,888
Regulatory balancing accounts	1,669	1,658
Other	851	778
Operating lease liabilities	80	231
Financing lease liabilities	259	—
Interest payable (includes $67 million and $116 million related to VIEs at respective dates)	679	626
Wildfire-related claims	1,422	1,912
Other	4,698	3,372
Total current liabilities	17,314	15,788
Noncurrent Liabilities
Long-term debt (includes $10.5 billion and $10.3 billion related to VIEs at respective dates)	50,975	47,742
Regulatory liabilities	19,444	17,630
Pension and other postretirement benefits	476	231
Asset retirement obligations	5,512	5,912
Deferred income taxes	1,980	2,732
Operating lease liabilities	518	1,243
Financing lease liabilities	554	—
Other	3,633	4,291
Total noncurrent liabilities	83,092	79,781
Equity
Shareholders’ Equity
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,133,597,758 and 1,987,784,948 shares outstanding at respective dates	30,374	32,887
Treasury stock, at cost; 0 and 247,743,590 shares at respective dates	—	(2,517)
Reinvested earnings	(5,321)	(7,542)
Accumulated other comprehensive loss	(13)	(5)
Total shareholders’ equity	25,040	22,823
Noncontrolling Interest - Preferred Stock of Subsidiary	252	252
Total equity	25,292	23,075
TOTAL LIABILITIES AND EQUITY	$125,698	$118,644

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.