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Midas Edge

PG&E Corp

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

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.

Mar 31, 2025 · Filed Apr 24, 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 exhibits
Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
Balance at
March 31, 2025December 31, 2024
ASSETS
Current Assets
Cash and cash equivalents$1,860$705
Restricted cash and restricted cash equivalents (includes $369 million and $263 million related to VIEs at respective dates)383272
Accounts receivable
Customers (net of allowance for doubtful accounts of $424 million and $418 million at respective dates) (includes $1.8 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $424 million and $418 million at respective dates)2,1332,220
Accrued unbilled revenue (includes $1.3 billion and $1.3 billion related to VIEs at respective dates)1,4091,487
Regulatory balancing accounts5,8527,227
Other (net of allowance for doubtful accounts of $40 million and $35 million at respective dates)1,9181,810
Regulatory assets212234
Inventories
Gas stored underground and fuel oil4552
Materials and supplies744768
Wildfire Fund asset301301
Wildfire self-insurance asset939905
Other972998
Total current assets16,76816,979
Property, Plant, and Equipment
Property, Plant, and Equipment120,256118,262
Construction work in progress4,6344,458
Financing lease ROU asset and other814814
Total property, plant, and equipment125,704123,534
Accumulated depreciation(36,034)(35,304)
Net property, plant, and equipment89,67088,230
Other Noncurrent Assets
Regulatory assets15,55115,561
Customer credit trust949377
Nuclear decommissioning trusts3,8543,833
Operating lease ROU asset508519
Wildfire Fund asset3,9954,070
Income taxes receivable——
Other (includes noncurrent accounts receivable of $84 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $18 at respective dates)3,8633,697
Total other noncurrent assets28,72028,057
TOTAL ASSETS$135,158$133,266
(Unaudited)
Balance at
March 31, 2025December 31, 2024
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings$1,524$1,523
Long-term debt, classified as current (includes $223 million and $222 million related to VIEs at respective dates)4,6992,146
Accounts payable
Trade creditors2,5172,745
Regulatory balancing accounts2,5753,169
Other773729
Operating lease liabilities8785
Financing lease liabilities570577
Interest payable (includes $176 million and $91 million related to VIEs at respective dates)627667
Wildfire-related claims750916
Other3,3173,331
Total current liabilities17,43915,888
Noncurrent Liabilities
Long-term debt (includes $10.1 billion and $10.1 billion related to VIEs at respective dates)47,04547,958
Regulatory liabilities19,63719,417
Pension and other postretirement benefits747741
Asset retirement obligations5,5095,444
Deferred income taxes3,8163,632
Operating lease liabilities421434
Financing lease liabilities44
Other4,4164,198
Total noncurrent liabilities81,59581,828
Shareholders’ Equity
Preferred stock258258
Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares outstanding at respective dates1,3221,322
Additional paid-in capital36,38035,930
Reinvested earnings(1,823)(1,940)
Accumulated other comprehensive loss(13)(20)
Total shareholders’ equity36,12435,550
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$135,158$133,266
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.