PG&E Corp

For the period ended Mar 31, 2024. Filed Apr 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.

Mar 31, 2024 · Filed Apr 25, 2024

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

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Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
	Balance at
	March 31, 2024	December 31, 2023
ASSETS
Current Assets
Cash and cash equivalents	$658	$635
Restricted cash (includes $345 million and $282 million related to VIEs at respective dates)	362	297
Accounts receivable
Customers (net of allowance for doubtful accounts of $400 million and $445 million at respective dates)(includes $1.8 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $400 million and $445 million at respective dates)	2,160	2,048
Accrued unbilled revenue (includes $1.2 billion and $1.1 billion related to VIEs at respective dates)	1,323	1,254
Regulatory balancing accounts	6,442	5,660
Other	1,509	1,494
Regulatory assets	256	300
Inventories
Gas stored underground and fuel oil	44	65
Materials and supplies	777	805
Wildfire Fund asset	305	450
Other	1,395	1,375
Total current assets	15,231	14,383
Property, Plant, and Equipment
Electric	81,906	80,345
Gas	30,213	29,830
Construction work in progress	4,466	4,452
Financing lease ROU asset and other	784	787
Total property, plant, and equipment	117,369	115,414
Accumulated depreciation	(33,718)	(33,093)
Net property, plant, and equipment	83,651	82,321
Other Noncurrent Assets
Regulatory assets	16,333	17,189
Customer credit trust	507	233
Nuclear decommissioning trusts	3,710	3,574
Operating lease ROU asset	585	598
Wildfire Fund asset	4,365	4,297
Income taxes receivable	24	24
Other	3,239	3,079
Total other noncurrent assets	28,763	28,994
TOTAL ASSETS	$127,645	$125,698

(Unaudited)
	Balance at
	March 31, 2024	December 31, 2023
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings	$2,818	$3,971
Long-term debt, classified as current (includes $177 million and $176 million related to VIEs at respective dates)	926	1,376
Accounts payable
Trade creditors	2,147	2,309
Regulatory balancing accounts	2,161	1,669
Other	844	851
Operating lease liabilities	80	80
Financing lease liabilities	271	259
Interest payable (includes $136 million and $67 million related to VIEs at respective dates)	581	679
Wildfire-related claims	1,169	1,422
Other	4,456	4,698
Total current liabilities	15,453	17,314
Noncurrent Liabilities
Long-term debt (includes $10.4 billion and $10.4 billion related to VIEs at respective dates)	53,415	50,975
Regulatory liabilities	19,667	19,444
Pension and other postretirement benefits	474	476
Asset retirement obligations	5,505	5,512
Deferred income taxes	2,225	1,980
Operating lease liabilities	505	518
Financing lease liabilities	553	554
Other	3,865	3,633
Total noncurrent liabilities	86,209	83,092
Equity
Shareholders’ Equity
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,156,228 and 2,133,597,758 shares outstanding at respective dates	30,356	30,374
Treasury stock, at cost; 0 and 0 shares at respective dates	—	—
Reinvested earnings	(4,611)	(5,321)
Accumulated other comprehensive loss	(14)	(13)
Total shareholders’ equity	25,731	25,040
Noncontrolling Interest - Preferred Stock of Subsidiary	252	252
Total equity	25,983	25,292
TOTAL LIABILITIES AND EQUITY	$127,645	$125,698

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