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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,668449177123151
Cash and cash equivalents 1,668449177123151
Restricted cash and investments   7234298
Receivables 1,1711,2651,4341,2821,178
Inventory, net of allowances, customer advances and progress billings 111115117126172
Inventory 111115117126172
Regulatory current assets 233615423517444
Other current assets 448464283347443
Other undisclosed current assets 5,5643,3733,7233,1933,703
Total current assets: 9,1956,2816,1645,8226,389
Noncurrent Assets
Nontrade receivables     91
Property, plant and equipment 58,55753,78950,58146,72343,941
Regulated entity, other noncurrent assets 9,2437,94211,85310,7949,797
Other noncurrent assets     963
Other undisclosed noncurrent assets     (1,054)
Total noncurrent assets: 67,80061,73162,43457,51753,738
TOTAL ASSETS: 76,99568,01268,59863,33960,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,2031,8631,7111,6201,441
Accounts payable 1,9751,6461,4951,4141,244
Interest and dividends payable 228217216206197
Debt 21,9941,3762,2161,179633
Regulatory liability    676 
Accrued environmental loss contingencies 14,226    
Due to related parties  20182217
Other liabilities 1,5122,0102,3231,9971,846
Other undisclosed current liabilities 1,7601,8601,2968691,983
Total current liabilities: 41,6957,1297,5646,3635,920
Noncurrent Liabilities
Long-term debt and lease obligation  17,75316,22016,03015,050
Long-term debt, excluding current maturities  17,75316,22016,03015,050
Liabilities, other than long-term debt 19,11623,65826,62224,11823,157
Asset retirement obligations 5,9944,8994,6843,6433,575
Deferred tax liabilities, net✕ 5,82210,2139,2068,513
Liability, pension and other postretirement and postemployment benefits 2,1192,1282,6412,6222,561
Regulatory liability 8,5398,6796,8056,3216,290
Other liabilities 2,4642,1302,2792,3262,218
Other undisclosed noncurrent liabilities 3,281    
Total noncurrent liabilities: 22,39741,41142,84240,14838,207
Total liabilities: 64,09248,54050,40646,51144,127
Stockholders' equity
Stockholders' equity attributable to parent 12,65119,22017,94016,57615,748
Common stock 12,91012,63212,19811,28210,421
Accumulated other comprehensive income (loss) (9)(8)(9)(7)11
Retained earnings (accumulated deficit) (250)6,5965,7515,3015,316
Stockholders' equity attributable to noncontrolling interest 252252252252252
Total stockholders' equity: 12,90319,47218,19216,82816,000
TOTAL LIABILITIES AND EQUITY: 76,99568,01268,59863,33960,127

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 16,75917,13517,66616,83317,090
Revenue, net✕✕17,13517,66616,83317,090
Cost of revenue
(Cost of Goods and Services Sold)		  (4,309)(4,765)(5,099)(5,615)
Gross profit: 16,75912,82612,90111,73411,475
Operating expenses (26,459)(14,179)(15,489)(15,325)(14,798)
Other undisclosed operating income  4,3094,7655,0995,773
Operating income (loss): (9,700)2,9562,1771,5082,450
Nonoperating income 500103114126197
Investment income, nonoperating 7631239127
Other nonoperating income 424729111770
Interest and debt expense (929)(888)(829)(773)(734)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (118)
Income (loss) from continuing operations before income taxes: (10,129)2,1711,4628611,795
Income tax expense (benefit) 3,292(511)(55)27(345)
Net income (loss) attributable to parent: (6,837)1,6601,4078881,450
Preferred stock dividends and other adjustments (14)(14)(14)(14)(14)
Net income (loss) available to common stockholders, diluted: (6,851)1,6461,3938741,436

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (6,837)1,6601,4078881,450
Other comprehensive income 2   10
Other undisclosed comprehensive income 2    
Comprehensive income (loss): (6,833)1,6601,4078881,460
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1,647)(1,391)(856)(1,397)
Other undisclosed comprehensive income, net of tax, attributable to parent  1,6481,3898381,348
Comprehensive income (loss), net of tax, attributable to parent: (6,833)1,6611,4058701,411

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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