PG&E Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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 exhibitsContents
CONSOLIDATED BALANCE SHEETS
| Balance at | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $940 | $635 |
| Restricted cash and restricted cash equivalents (includes $263 million and $282 million related to VIEs at respective dates) | 273 | 297 |
| Accounts receivable | ||
| Customers (net of allowance for doubtful accounts of $418 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 $418 million and $445 million at respective dates) | 2,220 | 2,048 |
| Accrued unbilled revenue (includes $1.3 billion and $1.1 billion related to VIEs at respective dates) | 1,487 | 1,254 |
| Regulatory balancing accounts | 7,227 | 5,660 |
| Other (net of allowance for doubtful accounts of $35 million and $35 million at respective dates) | 1,810 | 1,494 |
| Regulatory assets | 234 | 300 |
| Inventories | ||
| Gas stored underground and fuel oil | 52 | 65 |
| Materials and supplies | 768 | 805 |
| Wildfire Fund asset | 301 | 450 |
| Wildfire self-insurance asset | 905 | — |
| Other | 999 | 1,375 |
| Total current assets | 17,216 | 14,383 |
| Property, Plant, and Equipment | ||
| Electric | 86,639 | 80,345 |
| Gas | 31,623 | 29,830 |
| Construction work in progress | 4,458 | 4,452 |
| Financing lease ROU asset and other | 814 | 787 |
| Total property, plant, and equipment | 123,534 | 115,414 |
| Accumulated depreciation | (35,305) | (33,093) |
| Net property, plant, and equipment | 88,229 | 82,321 |
| Other Noncurrent Assets | ||
| Regulatory assets | 15,561 | 17,189 |
| Customer credit trust | 377 | 233 |
| Nuclear decommissioning trusts | 3,833 | 3,574 |
| Operating lease ROU asset | 524 | 598 |
| Wildfire Fund asset | 4,070 | 4,297 |
| Income taxes receivable | 1 | 24 |
| Other (includes noncurrent accounts receivable of $82 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $18 million and $0 at respective dates) | 3,849 | 3,079 |
| Total other noncurrent assets | 28,215 | 28,994 |
| TOTAL ASSETS | $133,660 | $125,698 |
| Balance at | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Short-term borrowings | $1,523 | $3,971 |
| Long-term debt, classified as current (includes $222 million and $176 million related to VIEs at respective dates) | 2,146 | 1,376 |
| Accounts payable | ||
| Trade creditors | 2,748 | 2,309 |
| Regulatory balancing accounts | 3,169 | 1,669 |
| Other | 748 | 851 |
| Operating lease liabilities | 85 | 80 |
| Financing lease liabilities | 577 | 259 |
| Interest payable (includes $91 million and $67 million related to VIEs at respective dates) | 760 | 679 |
| Wildfire-related claims | 916 | 1,422 |
| Other | 3,658 | 4,698 |
| Total current liabilities | 16,330 | 17,314 |
| Noncurrent Liabilities | ||
| Long-term debt (includes $10.1 billion and $10.5 billion related to VIEs at respective dates) | 53,569 | 50,975 |
| Regulatory liabilities | 19,417 | 19,444 |
| Pension and other postretirement benefits | 808 | 476 |
| Asset retirement obligations | 5,444 | 5,512 |
| Deferred income taxes | 3,082 | 1,980 |
| Operating lease liabilities | 439 | 518 |
| Financing lease liabilities | 4 | 554 |
| Other | 4,166 | 3,633 |
| Total noncurrent liabilities | 86,929 | 83,092 |
| Equity | ||
| Shareholders’ Equity | ||
| Mandatory convertible preferred stock | 1,579 | — |
| Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,193,573,536 and 2,133,597,758 shares outstanding at respective dates | 31,555 | 30,374 |
| Reinvested earnings | (2,966) | (5,321) |
| Accumulated other comprehensive loss | (19) | (13) |
| Total shareholders’ equity | 30,149 | 25,040 |
| Noncontrolling Interest - Preferred Stock of Subsidiary | 252 | 252 |
| Total equity | 30,401 | 25,292 |
| TOTAL LIABILITIES AND EQUITY | $133,660 | $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.