PG&E Corp

For the period ended Sep 30, 2024. Filed Nov 7, 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.

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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Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
	Balance at
	September 30, 2024	December 31, 2023
ASSETS
Current Assets
Cash and cash equivalents	$712	$442
Restricted cash and restricted cash equivalents (includes $325 million and $282 million related to VIEs at respective dates)	334	294
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)	1,640	1,495
Regulatory assets	244	300
Inventories
Gas stored underground and fuel oil	51	65
Materials and supplies	761	805
Wildfire Fund asset	301	450
Other	2,275	1,374
Total current assets	17,363	14,187
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	814	787
Total property, plant, and equipment	120,972	115,414
Accumulated depreciation	(34,593)	(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	541	598
Wildfire Fund asset	4,156	4,297
Income taxes receivable	—	22
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)	3,599	2,934
Total other noncurrent assets	28,238	28,847
TOTAL ASSETS	$131,980	$125,355

(Unaudited)
	Balance at
	September 30, 2024	December 31, 2023
LIABILITIES AND SHAREHOLDERS’ 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	2,390	2,307
Regulatory balancing accounts	2,670	1,669
Other	700	820
Operating lease liabilities	83	80
Financing lease liabilities	584	259
Interest payable (includes $147 million and $67 million related to VIEs at respective dates)	591	621
Wildfire-related claims	993	1,422
Other	4,344	4,391
Total current liabilities	16,505	16,916
Noncurrent Liabilities
Long-term debt (includes $11.7 billion and $10.5 billion related to VIEs at respective dates)	49,645	46,376
Regulatory liabilities	20,391	19,444
Pension and other postretirement benefits	385	405
Asset retirement obligations	5,394	5,512
Deferred income taxes	3,200	2,436
Operating lease liabilities	458	518
Financing lease liabilities	4	554
Other	4,258	3,670
Total noncurrent liabilities	83,735	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	32,278	30,570
Reinvested earnings	(2,109)	(2,613)
Accumulated other comprehensive loss	(9)	(13)
Total shareholders’ equity	31,740	29,524
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$131,980	$125,355

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.