Skip to main content
Midas Edge

PG&E Corp

For the period ended Jun 30, 2024. Filed Jul 25, 2024.

View on SEC.gov

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.

Jun 30, 2024 · Filed Jul 25, 2024

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

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

See the whole filing, with its images and exhibits
Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
Balance at
June 30, 2024December 31, 2023
ASSETS
Current Assets
Cash and cash equivalents$1,315$635
Restricted cash (includes $227 million and $282 million related to VIEs at respective dates)237297
Accounts receivable
Customers (net of allowance for doubtful accounts of $349 million and $445 million at respective dates) (includes $1.6 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $349 million and $445 million at respective dates)1,9822,048
Accrued unbilled revenue (includes $1.8 billion and $1.1 billion related to VIEs at respective dates)2,0381,254
Regulatory balancing accounts6,6985,660
Other1,4051,494
Regulatory assets258300
Inventories
Gas stored underground and fuel oil5665
Materials and supplies767805
Wildfire Fund asset305450
Other1,6781,375
Total current assets16,73914,383
Property, Plant, and Equipment
Electric83,45880,345
Gas30,64229,830
Construction work in progress4,7524,452
Financing lease ROU asset and other786787
Total property, plant, and equipment119,638115,414
Accumulated depreciation(34,396)(33,093)
Net property, plant, and equipment85,24282,321
Other Noncurrent Assets
Regulatory assets16,23017,189
Customer credit trust505233
Nuclear decommissioning trusts3,7403,574
Operating lease ROU asset573598
Wildfire Fund asset4,2894,297
Income taxes receivable124
Other (includes noncurrent accounts receivable of $78 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $16 million and $0 at respective dates)3,4693,079
Total other noncurrent assets28,80728,994
TOTAL ASSETS$130,788$125,698
(Unaudited)
Balance at
June 30, 2024December 31, 2023
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings$4,972$3,971
Long-term debt, classified as current (includes $179 million and $176 million related to VIEs at respective dates)1,5781,376
Accounts payable
Trade creditors2,1492,309
Regulatory balancing accounts2,1511,669
Other896851
Operating lease liabilities8180
Financing lease liabilities779259
Interest payable (includes $67 million and $67 million related to VIEs at respective dates)723679
Wildfire-related claims9391,422
Other4,2754,698
Total current liabilities18,54317,314
Noncurrent Liabilities
Long-term debt (includes $10.4 billion and $10.5 billion related to VIEs at respective dates)52,66450,975
Regulatory liabilities19,90019,444
Pension and other postretirement benefits464476
Asset retirement obligations5,5645,512
Deferred income taxes2,4841,980
Operating lease liabilities492518
Financing lease liabilities45554
Other4,1273,633
Total noncurrent liabilities85,74083,092
Equity
Shareholders’ Equity
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,460,355 and 2,133,597,758 shares outstanding at respective dates30,37930,374
Reinvested earnings(4,112)(5,321)
Accumulated other comprehensive loss(14)(13)
Total shareholders’ equity26,25325,040
Noncontrolling Interest - Preferred Stock of Subsidiary252252
Total equity26,50525,292
TOTAL LIABILITIES AND EQUITY$130,788$125,698
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.