Pacific Gas & Electric Co. (PCG) financial statements (2021 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments484 1,668449177123
Cash and cash equivalents484 1,668449177123
Restricted cash and investments    7234
Receivables1,883 1,1711,2651,4341,282
Inventory, net of allowances, customer advances and progress billings95 111115117126
Inventory95 111115117126
Prepaid expense536     
Regulatory current assets410 233615423517
Other current assets1,334 448464283347
Other undisclosed current assets4,860 5,5643,3733,7233,193
Total current assets:9,602 9,1956,2816,1645,822
Noncurrent Assets
Property, plant and equipment66,136 58,55753,78950,58146,723
Regulated entity, other noncurrent assets22,118 9,2437,94211,85310,794
Total noncurrent assets:88,254 67,80061,73162,43457,517
TOTAL ASSETS:97,856 76,99568,01268,59863,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,480 2,2031,8631,7111,620
Accounts payable2,982 1,9751,6461,4951,414
Interest and dividends payable498 228217216206
Debt3,575 21,9941,3762,2161,179
Regulatory liability     676
Estimated litigation liability193     
Accrued environmental loss contingencies  14,226   
Due to related parties   201822
Other liabilities2,256 1,5122,0102,3231,997
Other undisclosed current liabilities4,077 1,7601,8601,296869
Total current liabilities:13,581 41,6957,1297,5646,363
Noncurrent Liabilities
Long-term debt and lease obligation38,496  17,75316,22016,030
Long-term debt, excluding current maturities37,288  17,75316,22016,030
Operating lease, liability1,208 ✕✕✕✕
Liabilities, other than long-term debt24,526 19,11623,65826,62224,118
Asset retirement obligations6,412 5,9944,8994,6843,643
Deferred tax liabilities, net✕✕ 5,82210,2139,206
Deferred income tax liabilities1,398 ✕✕✕✕
Liability, pension and other postretirement and postemployment benefits2,444 2,1192,1282,6412,622
Regulatory liability10,424 8,5398,6796,8056,321
Other liabilities3,848 2,4642,1302,2792,326
Other undisclosed noncurrent liabilities  3,281   
Total noncurrent liabilities:63,022 22,39741,41142,84240,148
Total liabilities:76,603 64,09248,54050,40646,511
Stockholders' equity
Stockholders' equity attributable to parent21,001 12,65119,22017,94016,576
Common stock30,224 12,91012,63212,19811,282
Accumulated other comprehensive loss(27) (9)(8)(9)(7)
Retained earnings (accumulated deficit)(9,196) (250)6,5965,7515,301
Stockholders' equity attributable to noncontrolling interest252 252252252252
Total stockholders' equity:21,253 12,90319,47218,19216,828
TOTAL LIABILITIES AND EQUITY:97,856 76,99568,01268,59863,339

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues18,469 16,75917,13517,66616,833
Revenue, net✕✕✕17,13517,66616,833
Cost of revenue
(Cost of Goods and Services Sold)		   (4,309)(4,765)(5,099)
Gross profit:18,469 16,75912,82612,90111,734
Operating expenses(16,714) (26,459)(14,179)(15,489)(15,325)
Other undisclosed operating income   4,3094,7655,099
Operating income (loss):1,755 (9,700)2,9562,1771,508
Nonoperating income522 500103114126
Investment income, nonoperating39 7631239
Other nonoperating income483 4247291117
Interest and debt expense(1,260) (929)(888)(829)(773)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1,959)     
Income (loss) from continuing operations before income taxes:(942) (10,129)2,1711,462861
Income tax expense (benefit)(362) 3,292(511)(55)27
Net income (loss) attributable to parent:(1,304) (6,837)1,6601,407888
Preferred stock dividends and other adjustments(14) (14)(14)(14)(14)
Net income (loss) available to common stockholders, diluted:(1,318) (6,851)1,6461,393874

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,304) (6,837)1,6601,407888
Other comprehensive income7 2   
Other undisclosed comprehensive income (loss)(24) 2   
Comprehensive income (loss):(1,321) (6,833)1,6601,407888
Comprehensive loss, net of tax, attributable to noncontrolling interest   (1,647)(1,391)(856)
Other undisclosed comprehensive income, net of tax, attributable to parent   1,6481,389838
Comprehensive income (loss), net of tax, attributable to parent:(1,321) (6,833)1,6611,405870

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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