Pacific Gas & Electric Co. (PCG) financial statements (2022 and earlier)

Company profile

Business Address 77 BEALE STREET
SAN FRANCISCO, CA 94177
State of Incorp. CA
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments291420307229484464968
Cash and cash equivalents291420307229484464968
Receivables2,3451,8171,9091,8351,8831,7751,419
Inventory, net of allowances, customer advances and progress billings44474417959489
Inventory44474417959489
Prepaid expense358537301313536  
Contract with customer, asset 1,1401,134991 1,0781,061
Regulatory current assets496724622410410346377
Other current assets8821,4581,1941,1531,3341,126400
Other undisclosed current assets6,6615,3844,7784,1194,8604,91520,699
Total current assets:11,07711,52710,2899,0679,6029,79825,013
Noncurrent Assets
Property, plant and equipment3,49969,39168,34467,26166,13664,67063,401
Regulated entity, other noncurrent assets22,42422,64321,86122,23022,11821,11920,815
Other undisclosed noncurrent assets66,327      
Total noncurrent assets:92,25092,03490,20589,49188,25485,78984,216
TOTAL ASSETS:103,327103,561100,49498,55897,85695,587109,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0153,6573,3833,1393,4803,8025,393
Accounts payable3,5343,3522,9032,8492,9823,4754,030
Interest and dividends payable4813054802904983271,363
Debt6,6656,9886,6332,9703,5752,432750
Estimated litigation liability193  193193 5,200
Accrued environmental loss contingencies      25,500
Other liabilities2,4362,7812,0822,2702,2562,0103,605
Other undisclosed current liabilities4,1184,3583,3953,6454,0775,0775,347
Total current liabilities:17,42717,78415,49312,21713,58113,32145,795
Noncurrent Liabilities
Long-term debt and lease obligation39,03536,83737,01638,92638,49637,66836,496
Long-term debt, excluding current maturities38,22535,95935,95537,80137,28836,31134,920
Operating lease, liability8108781,0611,1251,2081,3571,576
Liabilities, other than long-term debt25,64228,21326,18626,03624,52623,53423,137
Asset retirement obligations5,2986,6206,5546,4946,4126,0195,961
Deferred income tax liabilities3,1772,9971,6181,4681,3981,2251,171
Liability, pension and other postretirement and postemployment benefits8602,3292,3672,4062,4441,8941,941
Regulatory liability11,99911,66111,21811,20410,4249,9819,641
Other liabilities4,3084,6064,4294,4643,8484,4154,423
Total noncurrent liabilities:64,67765,05063,20264,96263,02261,20259,633
Total liabilities:82,10482,83478,69577,17976,60374,523105,428
Stockholders' equity
Stockholders' equity attributable to parent20,97120,47521,54721,12721,00120,8123,549
Common stock35,12935,11430,24530,22630,22430,22213,045
Treasury stock, value(4,854)(4,854)     
Accumulated other comprehensive loss(20)(25)(26)(26)(27)(10)(10)
Accumulated deficit(9,284)(9,760)(8,672)(9,073)(9,196)(9,400)(9,486)
Stockholders' equity attributable to noncontrolling interest252252252252252252252
Total stockholders' equity:21,22320,72721,79921,37921,25321,0643,801
TOTAL LIABILITIES AND EQUITY:103,327103,561100,49498,55897,85695,587109,229

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues5,2465,4655,2154,7164,7484,8824,533
Gross profit:5,2465,4655,2154,7164,7484,8824,533
Operating expenses(4,605)(5,161)(4,581)(4,412)(4,328)(4,484)(4,251)
Operating income:641304634304420398282
Nonoperating income73132143129190107112
Other nonoperating income70132128127184102100
Interest and debt expense(396)(399)(398)(408)(416)(391)(199)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (11) (22)(137)(1,624)
Income (loss) from continuing operations before income taxes:3183736825172(23)(1,429)
Income tax expense (benefit)158(1,125)339832109(539)
Net income (loss) attributable to parent:476(1,088)40112320486(1,968)
Preferred stock dividends and other adjustments(4)(3)(4)(3)(4)(3)(4)
Net income (loss) available to common stockholders, diluted:472(1,091)39712020083(1,972)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):476(1,088)40112320486(1,968)
Other comprehensive income11 1   
Other undisclosed comprehensive income (loss)4   (17)  
Comprehensive income (loss), net of tax, attributable to parent:481(1,087)40112418786(1,968)

Statements sources

The financial statements are based on the company's filings with the 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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