PG&E Corp

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

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	$527	$442
Restricted cash (includes $345 million and $282 million related to VIEs at respective dates)	357	294
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	1,543	1,495
Regulatory assets	256	300
Inventories
Gas stored underground and fuel oil	44	65
Materials and supplies	777	805
Wildfire Fund asset	305	450
Other	1,394	1,374
Total current assets	15,128	14,187
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	22	22
Other	3,092	2,934
Total other noncurrent assets	28,614	28,847
TOTAL ASSETS	$127,393	$125,355

(Unaudited)
	Balance at
	March 31, 2024	December 31, 2023
LIABILITIES AND SHAREHOLDERS’ 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	2,145	2,307
Regulatory balancing accounts	2,161	1,669
Other	804	820
Operating lease liabilities	80	80
Financing lease liabilities	271	259
Interest payable (includes $136 million and $67 million related to VIEs at respective dates)	525	621
Wildfire-related claims	1,169	1,422
Other	4,158	4,391
Total current liabilities	15,057	16,916
Noncurrent Liabilities
Long-term debt (includes $10.4 billion and $10.4 billion related to VIEs at respective dates)	48,813	46,376
Regulatory liabilities	19,667	19,444
Pension and other postretirement benefits	404	405
Asset retirement obligations	5,505	5,512
Deferred income taxes	2,700	2,436
Operating lease liabilities	505	518
Financing lease liabilities	553	554
Other	3,898	3,670
Total noncurrent liabilities	82,045	78,915
Shareholders’ Equity
Preferred stock	258	258
Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares outstanding at respective dates	1,322	1,322
Additional paid-in capital	31,010	30,570
Reinvested earnings	(2,285)	(2,613)
Accumulated other comprehensive loss	(14)	(13)
Total shareholders’ equity	30,291	29,524
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$127,393	$125,355

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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.