PACIFIC GAS & ELECTRIC Co

For the period ended Sep 30, 2026. Filed Oct 22, 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.

Sep 30, 2026 · Filed Oct 22, 2026

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

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)
	Nine Months Ended September 30,
	2026	2025
Cash Flows from Operating Activities
Net income	$2,422	$2,033
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and decommissioning	3,434	3,302
Bad debt expense	185	331
Allowance for equity funds used during construction	(161)	(164)
Deferred income taxes and tax credits, net	888	700
Wildfire Fund expense	369	271
Other	34	(84)
Effect of changes in operating assets and liabilities:
Accounts receivable	(143)	(454)
Wildfire-related insurance receivable	158	(106)
Inventories	(37)	57
Accounts payable	(232)	25
Wildfire-related claims	(351)	(424)
Other current assets and liabilities	(368)	377
Regulatory assets, liabilities, and balancing accounts, net	(86)	1,324
Other noncurrent assets and liabilities	(272)	(432)
Net cash provided by operating activities	5,840	6,756
Cash Flows from Investing Activities
Capital expenditures	(9,621)	(8,631)
Proceeds from sales and maturities of nuclear decommissioning trust investments	1,967	1,365
Purchases of nuclear decommissioning trust investments	(2,029)	(1,421)
Proceeds from sales and maturities of customer credit trust investments	440	310
Purchases of customer credit trust investments	(38)	(729)
Proceeds from sales and maturities of self-insurance investments	930	669
Purchases of self-insurance investments	(962)	(828)
Other	17	15
Net cash used in investing activities	(9,296)	(9,250)
Cash Flows from Financing Activities
Borrowings under credit facilities	6,353	3,080
Repayments under credit facilities	(6,143)	(1,330)
Borrowings under term loan	180	500
Repayments under term loan	(860)	(1,000)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $47 and $27 at respective dates	7,053	2,973
Repayments of long-term debt	(2,269)	(1,925)
Repayment of AB 1054 recovery bonds	(65)	(72)
Repayment of SB 901 recovery bonds	(69)	(67)
Common stock dividends paid	(330)	(166)
Mandatory convertible preferred stock dividends paid	(72)	(72)
Other	12	132

Net cash provided by financing activities	3,790	2,053
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	334	(441)
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 September 30	$1,306	$772
Less: Restricted cash and restricted cash equivalents	(404)	(368)
Cash and cash equivalents at September 30	$902	$404

Supplemental disclosures of cash flow information
Cash paid for:
Interest, net of amounts capitalized	$(2,226)	$(2,079)
Income taxes, net	(165)	—
Supplemental disclosures of noncash investing and financing activities
Capital expenditures financed through accounts payable	$1,609	$1,416
Operating lease liabilities arising from ROU assets	68	—
DWR loan forgiveness and performance-based disbursements	28	95
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

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.