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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments291484 1,668449177
Cash and cash equivalents291484 1,668449177
Restricted cash and investments     7
Receivables2,3451,883 1,1711,2651,434
Inventory, net of allowances, customer advances and progress billings4495 111115117
Inventory4495 111115117
Prepaid expense358536    
Regulatory current assets496410 233615423
Other current assets8821,334 448464283
Other undisclosed current assets6,6614,860 5,5643,3733,723
Total current assets:11,0779,602 9,1956,2816,164
Noncurrent Assets
Property, plant and equipment3,49966,136 58,55753,78950,581
Regulated entity, other noncurrent assets22,42422,118 9,2437,94211,853
Other undisclosed noncurrent assets66,327     
Total noncurrent assets:92,25088,254 67,80061,73162,434
TOTAL ASSETS:103,32797,856 76,99568,01268,598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0153,480 2,2031,8631,711
Accounts payable3,5342,982 1,9751,6461,495
Interest and dividends payable481498 228217216
Debt6,6653,575 21,9941,3762,216
Estimated litigation liability193193    
Accrued environmental loss contingencies   14,226  
Due to related parties    2018
Other liabilities2,4362,256 1,5122,0102,323
Other undisclosed current liabilities4,1184,077 1,7601,8601,296
Total current liabilities:17,42713,581 41,6957,1297,564
Noncurrent Liabilities
Long-term debt and lease obligation39,03538,496  17,75316,220
Long-term debt, excluding current maturities38,22537,288  17,75316,220
Operating lease, liability8101,208 
Liabilities, other than long-term debt25,64224,526 19,11623,65826,622
Asset retirement obligations5,2986,412 5,9944,8994,684
Deferred tax liabilities, net 5,82210,213
Deferred income tax liabilities3,1771,398 
Liability, pension and other postretirement and postemployment benefits8602,444 2,1192,1282,641
Regulatory liability11,99910,424 8,5398,6796,805
Other liabilities4,3083,848 2,4642,1302,279
Other undisclosed noncurrent liabilities   3,281  
Total noncurrent liabilities:64,67763,022 22,39741,41142,842
Total liabilities:82,10476,603 64,09248,54050,406
Stockholders' equity
Stockholders' equity attributable to parent20,97121,001 12,65119,22017,940
Common stock35,12930,224 12,91012,63212,198
Treasury stock, value(4,854)     
Accumulated other comprehensive loss(20)(27) (9)(8)(9)
Retained earnings (accumulated deficit)(9,284)(9,196) (250)6,5965,751
Stockholders' equity attributable to noncontrolling interest252252 252252252
Total stockholders' equity:21,22321,253 12,90319,47218,192
TOTAL LIABILITIES AND EQUITY:103,32797,856 76,99568,01268,598

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues20,64218,469 16,75917,13517,666
Revenue, net17,13517,666
Cost of revenue
(Cost of Goods and Services Sold)
    (4,309)(4,765)
Gross profit:20,64218,469 16,75912,82612,901
Operating expenses(18,759)(16,714) (26,459)(14,179)(15,489)
Other undisclosed operating income    4,3094,765
Operating income (loss):1,8831,755 (9,700)2,9562,177
Nonoperating income477522 500103114
Investment income, nonoperating2039 763123
Other nonoperating income457483 4247291
Interest and debt expense(1,601)(1,260) (929)(888)(829)
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,959)    
Income (loss) from continuing operations before equity method investments, income taxes:759(942) (10,129)2,1711,462
Other undisclosed loss from continuing operations before income taxes(11)     
Income (loss) from continuing operations before income taxes:748(942) (10,129)2,1711,462
Income tax expense (benefit)(836)(362) 3,292(511)(55)
Net income (loss) attributable to parent:(88)(1,304) (6,837)1,6601,407
Preferred stock dividends and other adjustments(14)(14) (14)(14)(14)
Net income (loss) available to common stockholders, diluted:(102)(1,318) (6,851)1,6461,393

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(88)(1,304) (6,837)1,6601,407
Other comprehensive income37 2  
Other undisclosed comprehensive income (loss)4(24) 2  
Comprehensive income (loss):(81)(1,321) (6,833)1,6601,407
Comprehensive loss, net of tax, attributable to noncontrolling interest    (1,647)(1,391)
Other undisclosed comprehensive income, net of tax, attributable to parent    1,6481,389
Comprehensive income (loss), net of tax, attributable to parent:(81)(1,321) (6,833)1,6611,405

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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