Pacific Gas & Electric Co. (PCG) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7342914841,5701,668449
Cash and cash equivalents7342914841,5701,668449
Receivables2,6452,3451,8831,2871,1711,265
Inventory, net of allowances, customer advances and progress billings91449597111115
Inventory91449597111115
Prepaid expense  358536   
Regulatory asset296496410315233615
Other current assets1,4338821,334646448464
Other undisclosed current assets7,6166,6614,8606,2505,5643,373
Total current assets:12,81511,0779,60210,1659,1956,281
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Property, plant and equipment4,1563,49966,13661,63558,55753,789
Regulated entity, other noncurrent assets29,62122,42422,11813,3969,2437,942
Other undisclosed noncurrent assets72,05266,327    
Total noncurrent assets:105,82992,25088,25475,03167,80061,731
TOTAL ASSETS:118,644103,32797,85685,19676,99568,012
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2924,0153,4802,5242,2031,863
Interest and dividends payable4814984228217
Accounts payable3,6663,5342,9822,5201,9751,646
Accrued liabilities626     
Debt4,3236,6653,57555621,9941,376
Estimated litigation liability193193193   
Accrued environmental loss contingencies     14,226 
Due to related parties     20
Other liabilities3,3722,4362,2561,2541,5122,010
Other undisclosed current liabilities3,6084,1184,0773,2971,7601,860
Total current liabilities:15,78817,42713,5817,63141,6957,129
Noncurrent Liabilities
Long-term debt and lease obligation47,74239,03538,49623,906 17,753
Long-term debt, excluding current maturities47,74238,22537,28822,176 17,753
Finance lease, liability    
Liabilities, other than long-term debt32,03925,64224,52619,90119,11623,658
Asset retirement obligations5,9125,2986,4125,8545,9944,899
Deferred tax liabilities, net 5,822
Deferred income tax liabilities2,7323,1771,398320
Liability, pension and other postretirement and postemployment benefits2318602,4441,8842,1192,128
Regulatory liability17,63011,99910,4249,2708,5398,679
Other liabilities4,2914,3083,8482,5732,4642,130
Operating lease, liability1,2438101,2081,730
Other undisclosed noncurrent liabilities    (22,176)3,281 
Total noncurrent liabilities:79,78164,67763,02221,63122,39741,411
Other undisclosed liabilities    50,546  
Total liabilities:95,56982,10476,60379,80864,09248,540
Equity
Equity, attributable to parent22,82320,97121,0015,13612,65119,220
Common stock32,88735,12930,22413,03812,91012,632
Treasury stock, value(2,517)(4,854)    
Accumulated other comprehensive loss(5)(20)(27)(10)(9)(8)
Retained earnings (accumulated deficit)(7,542)(9,284)(9,196)(7,892)(250)6,596
Equity, attributable to noncontrolling interest252252252252252252
Total equity:23,07521,22321,2535,38812,90319,472
TOTAL LIABILITIES AND EQUITY:118,644103,32797,85685,19676,99568,012

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues21,68020,64218,46917,12916,75917,135
Revenue, net17,135
Cost of revenue(143)    (4,309)
Cost of goods and services sold      (4,309)
Provision for loan, lease, and other losses(143)    
Gross profit:21,53720,64218,46917,12916,75912,826
Operating expenses(19,843)(18,759)(16,714)(27,223)(26,459)(14,179)
Other undisclosed operating income143    4,309
Operating income (loss):1,8371,8831,755(10,094)(9,700)2,956
Nonoperating income556477522332500103
Investment income, nonoperating1622039827631
Other nonoperating income39445748325042472
Interest and debt expense(1,917)(1,601)(1,260)(934)(929)(888)
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:476759(942)(11,042)(10,129)2,171
Other undisclosed loss from continuing operations before income taxes  (11)    
Income (loss) from continuing operations before income taxes:476748(942)(11,042)(10,129)2,171
Income tax expense (benefit)1,338(836)(362)3,4003,292(511)
Income (loss) from continuing operations:1,814(88)(1,304)(7,642)(6,837)1,660
Income (loss) before gain (loss) on sale of properties:(88)(1,304)(7,642)(6,837)1,660
Net income (loss) attributable to parent:1,814(88)(1,304)(7,642)(6,837)1,660
Preferred stock dividends and other adjustments(14)(14)(14)(14)(14)(14)
Net income (loss) available to common stockholders, diluted:1,800(102)(1,318)(7,656)(6,851)1,646

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,814(88)(1,304)(7,642)(6,837)1,660
Other comprehensive income1537 2 
Other undisclosed comprehensive income (loss)  4(24)(1)2 
Comprehensive income (loss):1,829(81)(1,321)(7,643)(6,833)1,660
Comprehensive loss, net of tax, attributable to noncontrolling interest      (1,647)
Other undisclosed comprehensive income, net of tax, attributable to parent      1,648
Comprehensive income (loss), net of tax, attributable to parent:1,829(81)(1,321)(7,643)(6,833)1,661

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.

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