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$13.23+0.7%Stored close · as of Nov 10, 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	$442	$609
Restricted cash (includes $282 million and $201 million related to VIEs at respective dates)	294	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	1,495	1,633
Regulatory assets	300	296
Inventories
Gas stored underground and fuel oil	65	91
Materials and supplies	805	751
Wildfire Fund asset	450	460
Other	1,374	1,421
Total current assets	14,187	12,687
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	18
Total property, plant, and equipment	115,414	107,153
Accumulated depreciation	(33,093)	(30,946)
Net property, plant, and equipment	82,321	76,207
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	22	7
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)	2,934	2,834
Total other noncurrent assets	28,847	29,484
TOTAL ASSETS	$125,355	$118,378

	Balance at
	December 31, 2023	December 31, 2022
LIABILITIES AND SHAREHOLDERS’ 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	2,241
Accounts payable
Trade creditors	2,307	2,886
Regulatory balancing accounts	1,669	1,658
Other	820	747
Operating lease liabilities	80	231
Financing lease liabilities	259	—
Interest payable (includes $67 million and $116 million related to VIEs at respective dates)	621	573
Wildfire-related claims	1,422	1,912
Other	4,391	3,067
Total current liabilities	16,916	15,370
Noncurrent Liabilities
Long-term debt (includes $10.5 billion and $10.3 billion related to VIEs at respective dates)	46,376	43,155
Regulatory liabilities	19,444	17,630
Pension and other postretirement benefits	405	160
Asset retirement obligations	5,512	5,912
Deferred income taxes	2,436	3,090
Operating lease liabilities	518	1,243
Financing lease liabilities	554	—
Other	3,670	4,334
Total noncurrent liabilities	78,915	75,524
Shareholders’ Equity
Preferred stock	258	258
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates	1,322	1,322
Additional paid-in capital	30,570	29,280
Reinvested earnings	(2,613)	(3,368)
Accumulated other comprehensive loss	(13)	(8)
Total shareholders’ equity	29,524	27,484
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$125,355	$118,378

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