PACIFIC GAS & ELECTRIC Co

For the period ended Jun 30, 2026. Filed Jul 23, 2026.

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.

Jun 30, 2026 · Filed Jul 23, 2026

PCG$13.23+0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)
	Six Months Ended June 30,
	2026	2025
Cash Flows from Operating Activities
Net income	$1,646	$1,183
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and decommissioning	2,228	2,170
Bad debt expense	119	241
Allowance for equity funds used during construction	(101)	(97)
Deferred income taxes and tax credits, net	585	472
Wildfire Fund expense	228	185
Other	42	(29)
Effect of changes in operating assets and liabilities:
Accounts receivable	(356)	(562)
Wildfire-related insurance receivable	120	(133)
Inventories	(35)	34
Accounts payable	(81)	188
Wildfire-related claims	(215)	(129)
Other current assets and liabilities	(805)	(76)
Regulatory assets, liabilities, and balancing accounts, net	(211)	750
Other noncurrent assets and liabilities	172	(292)
Net cash provided by operating activities	3,336	3,905
Cash Flows from Investing Activities
Capital expenditures	(6,323)	(5,700)
Proceeds from sales and maturities of nuclear decommissioning trust investments	1,164	779
Purchases of nuclear decommissioning trust investments	(1,202)	(809)
Proceeds from sales and maturities of customer credit trust investments	283	196
Purchases of customer credit investments	(25)	(693)
Proceeds from sales and maturities of self-insurance investments	627	186
Purchases of self-insurance investments	(694)	(237)
Other	11	10
Net cash used in investing activities	(6,159)	(6,268)
Cash Flows from Financing Activities
Borrowings under credit facilities	4,788	515
Repayments under credit facilities	(5,228)	(325)
Repayments under term loan	(860)	—
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $33 and $27 at respective dates	5,367	2,973
Repayments of long-term debt	(600)	(1,050)
Repayment of AB 1054 recovery bonds	(40)	(48)
Repayment of SB 901 recovery bonds	(69)	(67)
Common stock dividends paid	(220)	(110)
Mandatory convertible preferred stock dividends paid	(48)	(48)
Other	(18)	25
Net cash provided by financing activities	3,072	1,865

Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	249	(498)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1	972	1,213
Cash, cash equivalents, restricted cash, and restricted cash equivalents at June 30	$1,221	$715
Less: Restricted cash and restricted cash equivalents	(249)	(221)
Cash and cash equivalents at June 30	$972	$494

Supplemental disclosures of cash flow information
Cash paid for:
Interest, net of amounts capitalized	$(1,397)	$(1,282)
Income taxes, net	(165)	—
Supplemental disclosures of noncash investing and financing activities
Capital expenditures financed through accounts payable	$1,479	$1,009
Operating lease liabilities arising from ROU assets	68	—
DWR loan forgiveness and performance-based disbursements	4	78
Common stock dividends declared but not yet paid	111	55
Mandatory convertible preferred stock dividends declared but not yet paid	24	24
Capital expenditures financed through current assets and noncurrent liabilities	—	592

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.