PG&E Corp

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

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Contents

CONSOLIDATED BALANCE SHEETS

	Balance at
	December 31, 2024	December 31, 2023
ASSETS
Current Assets
Cash and cash equivalents	$705	$442
Restricted cash and restricted cash equivalents (includes $263 million and $282 million related to VIEs at respective dates)	272	294
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	1,495
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	998	1,374
Total current assets	16,979	14,187
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	(35,304)	(33,093)
Net property, plant, and equipment	88,230	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	519	598
Wildfire Fund asset	4,070	4,297
Income taxes receivable	—	22
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)	3,697	2,934
Total other noncurrent assets	28,057	28,847
TOTAL ASSETS	$133,266	$125,355

	Balance at
	December 31, 2024	December 31, 2023
LIABILITIES AND SHAREHOLDERS’ 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	2,745	2,307
Regulatory balancing accounts	3,169	1,669
Other	729	820
Operating lease liabilities	85	80
Financing lease liabilities	577	259
Interest payable (includes $91 million and $67 million related to VIEs at respective dates)	667	621
Wildfire-related claims	916	1,422
Other	3,331	4,391
Total current liabilities	15,888	16,916
Noncurrent Liabilities
Long-term debt (includes $10.1 billion and $10.5 billion related to VIEs at respective dates)	47,958	46,376
Regulatory liabilities	19,417	19,444
Pension and other postretirement benefits	741	405
Asset retirement obligations	5,444	5,512
Deferred income taxes	3,632	2,436
Operating lease liabilities	434	518
Financing lease liabilities	4	554
Other	4,198	3,670
Total noncurrent liabilities	81,828	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	35,930	30,570
Reinvested earnings	(1,940)	(2,613)
Accumulated other comprehensive loss	(20)	(13)
Total shareholders’ equity	35,550	29,524
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$133,266	$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.