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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5898051,028734262239
Cash and cash equivalents5898051,028734262239
Receivables2,1782,1072,5682,6452,7262,203
Inventory, net of allowances, customer advances and progress billings665534918274
Inventory665534918274
Regulatory asset355309305296317438
Other current assets5386487401,4331,103790
Other undisclosed current assets9,0838,7577,6227,6167,7207,930
Total current assets:12,80912,68112,29712,81512,21011,674
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization787     
Property, plant and equipment4,8174,1434,2994,1564,1413,861
Regulated entity, other noncurrent assets29,15429,25129,99529,62129,72728,372
Other undisclosed noncurrent assets75,44274,63073,02172,05270,93469,634
Total noncurrent assets:110,200108,024107,315105,829104,802101,867
TOTAL ASSETS:123,009120,705119,612118,644117,012113,541
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0863,8033,6414,2924,4754,303
Interest and dividends payable439552
Accounts payable3,4943,1413,0753,6663,5973,751
Accrued liabilities592662566626439 
Debt4,4333,8745,0214,3232,8254,129
Estimated litigation liability193193193193193193
Other liabilities3,4872,8162,9953,3722,9262,340
Other undisclosed current liabilities2,9732,5162,9513,6083,6084,042
Total current liabilities:15,17213,20214,80115,78814,02715,007
Noncurrent Liabilities
Long-term debt and lease obligation50,90250,23048,50847,74248,85045,133
Long-term debt, excluding current maturities50,34350,23048,50847,74247,85444,174
Finance lease, liability559     
Liabilities, other than long-term debt32,55133,25832,71732,03931,64931,382
Asset retirement obligations5,9905,9715,9165,9126,2236,166
Deferred income tax liabilities2,1812,4222,5882,7323,2243,020
Liability, pension and other postretirement and postemployment benefits220226232231669734
Regulatory liability18,88418,51818,11917,63016,92116,946
Other liabilities4,7364,6484,3944,2914,6124,516
Operating lease, liability5401,4731,4681,243996959
Total noncurrent liabilities:83,45383,48881,22579,78180,49976,515
Total liabilities:98,62596,69096,02695,56994,52691,522
Equity
Equity, attributable to parent24,13223,76323,33422,82322,23421,767
Common stock31,04131,62832,21432,88734,16434,141
Treasury stock, value (688)(1,298)(1,907)(2,517)(3,838)(3,838)
Accumulated other comprehensive loss(2)  (5)(37)(25)
Accumulated deficit(6,219)(6,567)(6,973)(7,542)(8,055)(8,511)
Equity, attributable to noncontrolling interest252252252252252252
Total equity:24,38424,01523,58623,07522,48622,019
TOTAL LIABILITIES AND EQUITY:123,009120,705119,612118,644117,012113,541

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues5,8885,2906,2095,3705,3945,118
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(259)(154)(139)(17)  
Gross profit:5,6295,1366,0705,3535,3945,118
Operating expenses(5,487)(4,784)(5,580)(5,240)(4,668)(4,673)
Other undisclosed operating income25915413917  
Operating income:401506629130726445
Nonoperating income (expense)216209197240161(2)
Investment income, nonoperating154143112924319
Other nonoperating income (expense)626685148118(21)
Interest and debt expense(682)(640)(602)(562)(525)(411)
Income (loss) from continuing operations before income taxes:(65)75224(192)36232
Income tax benefit41633534870997328
Income from continuing operations:351410572517459360
Income before gain (loss) on sale of properties:459360
Net income attributable to parent:351410572517459360
Preferred stock dividends and other adjustments(3)(4)(3)(4)(3)(4)
Net income available to common stockholders, diluted:348406569513456356

Comprehensive Income ($ in millions)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:351410572517459360
Other comprehensive income (loss)(2) 532(12)(5)
Comprehensive income, net of tax, attributable to parent:349410577549447355

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: