PG&E Corp (PCGPX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 LAKESIDE DRIVE OAKLAND, CA 94612 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 940 | 635 | 734 | 291 | 484 | 1,570 | |||
| Cash and cash equivalent | 940 | 635 | 734 | 291 | 484 | 1,570 | |||
| Receivables | 3,995 | 2,048 | 2,645 | 2,345 | 1,883 | 1,287 | |||
| Inventory, net of allowances, customer advances and progress billings | 52 | 65 | 91 | 44 | 95 | 97 | |||
| Inventory | 52 | 65 | 91 | 44 | 95 | 97 | |||
| Prepaid expense | 358 | 536 | |||||||
| Regulatory asset | 234 | 300 | 296 | 496 | 410 | 315 | |||
| Other current assets | 999 | 1,375 | 1,433 | 882 | 1,334 | 646 | |||
| Other undisclosed current assets | 10,996 | 9,960 | 7,616 | 6,661 | 4,860 | 6,250 | |||
| Total current assets: | 17,216 | 14,383 | 12,815 | 11,077 | 9,602 | 10,165 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 807 | 787 | |||||||
| Property, plant and equipment | 4,594 | 4,670 | 4,156 | 3,499 | 66,136 | 61,635 | |||
| Regulated entity, other noncurrent assets | 28,215 | 28,994 | 29,621 | 22,424 | 22,118 | 13,396 | |||
| Other undisclosed noncurrent assets | 82,828 | 76,864 | 72,052 | 66,327 | |||||
| Total noncurrent assets: | 116,444 | 111,315 | 105,829 | 92,250 | 88,254 | 75,031 | |||
| TOTAL ASSETS: | 133,660 | 125,698 | 118,644 | 103,327 | 97,856 | 85,196 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,256 | 3,839 | 4,292 | 4,015 | 3,480 | 2,524 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 481 | 498 | 4 | ||
| Accounts payable | 3,496 | 3,160 | 3,666 | 3,534 | 2,982 | 2,520 | |||
| Accrued liabilities | 760 | 679 | 626 | ||||||
| Debt | 4,246 | 5,606 | 4,323 | 6,665 | 3,575 | 556 | |||
| Estimated litigation liability | 193 | 193 | 193 | 193 | 193 | ||||
| Other liabilities | 3,658 | 4,698 | 3,372 | 2,436 | 2,256 | 1,254 | |||
| Other undisclosed current liabilities | 3,977 | 2,978 | 3,608 | 4,118 | 4,077 | 3,297 | |||
| Total current liabilities: | 16,330 | 17,314 | 15,788 | 17,427 | 13,581 | 7,631 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 53,573 | 51,529 | 47,742 | 39,035 | 38,496 | 23,906 | |||
| Long-term debt, excluding current maturities | 53,569 | 50,975 | 47,742 | 38,225 | 37,288 | 22,176 | |||
| Finance lease, liability | 4 | 554 | |||||||
| Liabilities, other than long-term debt | 33,356 | 31,563 | 32,039 | 25,642 | 24,526 | 19,901 | |||
| Asset retirement obligations | 5,444 | 5,512 | 5,912 | 5,298 | 6,412 | 5,854 | |||
| Deferred income tax liabilities | 3,082 | 1,980 | 2,732 | 3,177 | 1,398 | 320 | |||
| Liability, pension and other postretirement and postemployment benefits | 808 | 476 | 231 | 860 | 2,444 | 1,884 | |||
| Regulatory liability | 19,417 | 19,444 | 17,630 | 11,999 | 10,424 | 9,270 | |||
| Other liabilities | 4,166 | 3,633 | 4,291 | 4,308 | 3,848 | 2,573 | |||
| Operating lease, liability | 439 | 518 | 1,243 | 810 | 1,208 | 1,730 | |||
| Other undisclosed noncurrent liabilities | (22,176) | ||||||||
| Total noncurrent liabilities: | 86,929 | 83,092 | 79,781 | 64,677 | 63,022 | 21,631 | |||
| Other undisclosed liabilities | 50,546 | ||||||||
| Total liabilities: | 103,259 | 100,406 | 95,569 | 82,104 | 76,603 | 79,808 | |||
| Equity | |||||||||
| Equity, attributable to parent | 30,149 | 25,040 | 22,823 | 20,971 | 21,001 | 5,136 | |||
| Preferred stock | 1,579 | ||||||||
| Common stock | 31,555 | 30,374 | 32,887 | 35,129 | 30,224 | 13,038 | |||
| Treasury stock, value | (2,517) | (4,854) | |||||||
| Accumulated other comprehensive loss | (19) | (13) | (5) | (20) | (27) | (10) | |||
| Accumulated deficit | (2,966) | (5,321) | (7,542) | (9,284) | (9,196) | (7,892) | |||
| Equity, attributable to noncontrolling interest | 252 | 252 | 252 | 252 | 252 | 252 | |||
| Total equity: | 30,401 | 25,292 | 23,075 | 21,223 | 21,253 | 5,388 | |||
| TOTAL LIABILITIES AND EQUITY: | 133,660 | 125,698 | 118,644 | 103,327 | 97,856 | 85,196 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,419 | 24,428 | 21,680 | 20,642 | 18,469 | 17,129 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (341) | (636) | (143) | |||||
| Gross profit: | 24,078 | 23,792 | 21,537 | 20,642 | 18,469 | 17,129 | ||
| Operating expenses | (19,960) | (21,757) | (19,843) | (18,759) | (16,714) | (27,223) | ||
| Other undisclosed operating income | 341 | 636 | 143 | |||||
| Operating income (loss): | 4,459 | 2,671 | 1,837 | 1,883 | 1,755 | (10,094) | ||
| Nonoperating income | 904 | 878 | 556 | 477 | 522 | 332 | ||
| Investment income, nonoperating | 604 | 606 | 162 | 20 | 39 | 82 | ||
| Other nonoperating income | 300 | 272 | 394 | 457 | 483 | 250 | ||
| Interest and debt expense | (3,051) | (2,850) | (1,917) | (1,601) | (1,260) | (934) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,959) | (346) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,312 | 699 | 476 | 759 | (942) | (11,042) | ||
| Other undisclosed loss from continuing operations before income taxes | (11) | |||||||
| Income (loss) from continuing operations before income taxes: | 2,312 | 699 | 476 | 748 | (942) | (11,042) | ||
| Income tax expense (benefit) | 200 | 1,557 | 1,338 | (836) | (362) | 3,400 | ||
| Income (loss) from continuing operations: | 2,512 | 2,256 | 1,814 | (88) | (1,304) | (7,642) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (88) | (1,304) | (7,642) | |
| Net income (loss) attributable to parent: | 2,512 | 2,256 | 1,814 | (88) | (1,304) | (7,642) | ||
| Preferred stock dividends and other adjustments | (37) | (14) | (14) | (14) | (14) | (14) | ||
| Net income (loss) available to common stockholders, diluted: | 2,475 | 2,242 | 1,800 | (102) | (1,318) | (7,656) | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,512 | 2,256 | 1,814 | (88) | (1,304) | (7,642) | ||
| Other comprehensive income (loss) | (6) | (8) | 15 | 3 | 7 | |||
| Other undisclosed comprehensive income (loss) | 4 | (24) | (1) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,506 | 2,248 | 1,829 | (81) | (1,321) | (7,643) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.