PG&E Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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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CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| Balance at | ||
| September 30, 2024 | December 31, 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $895 | $635 |
| Restricted cash and restricted cash equivalents (includes $325 million and $282 million related to VIEs at respective dates) | 335 | 297 |
| Accounts receivable | ||
| Customers (net of allowance for doubtful accounts of $378 million and $445 million at respective dates) (includes $1.9 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $378 million and $445 million at respective dates) | 2,302 | 2,048 |
| Accrued unbilled revenue (includes $1.4 billion and $1.1 billion related to VIEs at respective dates) | 1,593 | 1,254 |
| Regulatory balancing accounts | 7,150 | 5,660 |
| Other (net of allowance for doubtful accounts of $50 million and $35 million at respective dates) | 1,639 | 1,494 |
| Regulatory assets | 244 | 300 |
| Inventories | ||
| Gas stored underground and fuel oil | 51 | 65 |
| Materials and supplies | 761 | 805 |
| Wildfire Fund asset | 301 | 450 |
| Other | 2,276 | 1,375 |
| Total current assets | 17,547 | 14,383 |
| Property, Plant, and Equipment | ||
| Electric | 84,207 | 80,345 |
| Gas | 30,976 | 29,830 |
| Construction work in progress | 4,975 | 4,452 |
| Financing lease ROU asset and other | 815 | 787 |
| Total property, plant, and equipment | 120,973 | 115,414 |
| Accumulated depreciation | (34,594) | (33,093) |
| Net property, plant, and equipment | 86,379 | 82,321 |
| Other Noncurrent Assets | ||
| Regulatory assets | 15,584 | 17,189 |
| Customer credit trust | 446 | 233 |
| Nuclear decommissioning trusts | 3,912 | 3,574 |
| Operating lease ROU asset | 546 | 598 |
| Wildfire Fund asset | 4,156 | 4,297 |
| Income taxes receivable | 1 | 24 |
| Other (includes noncurrent accounts receivable of $98 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $0 at respective dates) | 3,748 | 3,079 |
| Total other noncurrent assets | 28,393 | 28,994 |
| TOTAL ASSETS | $132,319 | $125,698 |
| (Unaudited) | ||
|---|---|---|
| Balance at | ||
| September 30, 2024 | December 31, 2023 | |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Short-term borrowings | $2,022 | $3,971 |
| Long-term debt, classified as current (includes $204 million and $176 million related to VIEs at respective dates) | 2,128 | 1,376 |
| Accounts payable | ||
| Trade creditors | 2,395 | 2,309 |
| Regulatory balancing accounts | 2,670 | 1,669 |
| Other | 742 | 851 |
| Operating lease liabilities | 83 | 80 |
| Financing lease liabilities | 584 | 259 |
| Interest payable (includes $147 million and $67 million related to VIEs at respective dates) | 651 | 679 |
| Wildfire-related claims | 993 | 1,422 |
| Other | 4,615 | 4,698 |
| Total current liabilities | 16,883 | 17,314 |
| Noncurrent Liabilities | ||
| Long-term debt (includes $11.7 billion and $10.5 billion related to VIEs at respective dates) | 54,748 | 50,975 |
| Regulatory liabilities | 20,391 | 19,444 |
| Pension and other postretirement benefits | 454 | 476 |
| Asset retirement obligations | 5,394 | 5,512 |
| Deferred income taxes | 2,670 | 1,980 |
| Operating lease liabilities | 462 | 518 |
| Financing lease liabilities | 4 | 554 |
| Other | 4,227 | 3,633 |
| Total noncurrent liabilities | 88,350 | 83,092 |
| Equity | ||
| Shareholders’ Equity | ||
| Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,544,854 and 2,133,597,758 shares outstanding at respective dates | 30,402 | 30,374 |
| Reinvested earnings | (3,558) | (5,321) |
| Accumulated other comprehensive loss | (10) | (13) |
| Total shareholders’ equity | 26,834 | 25,040 |
| Noncontrolling Interest - Preferred Stock of Subsidiary | 252 | 252 |
| Total equity | 27,086 | 25,292 |
| TOTAL LIABILITIES AND EQUITY | $132,319 | $125,698 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.