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)
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 | 1,668 | 449 | 177 | 123 | 151 | |||
Cash and cash equivalents | 1,668 | 449 | 177 | 123 | 151 | |||
Restricted cash and investments | 7 | 234 | 298 | |||||
Receivables | 1,171 | 1,265 | 1,434 | 1,282 | 1,178 | |||
Inventory, net of allowances, customer advances and progress billings | 111 | 115 | 117 | 126 | 172 | |||
Inventory | 111 | 115 | 117 | 126 | 172 | |||
Regulatory current assets | 233 | 615 | 423 | 517 | 444 | |||
Other current assets | 448 | 464 | 283 | 347 | 443 | |||
Other undisclosed current assets | 5,564 | 3,373 | 3,723 | 3,193 | 3,703 | |||
Total current assets: | 9,195 | 6,281 | 6,164 | 5,822 | 6,389 | |||
Noncurrent Assets | ||||||||
Nontrade receivables | 91 | |||||||
Property, plant and equipment | 58,557 | 53,789 | 50,581 | 46,723 | 43,941 | |||
Regulated entity, other noncurrent assets | 9,243 | 7,942 | 11,853 | 10,794 | 9,797 | |||
Other noncurrent assets | 963 | |||||||
Other undisclosed noncurrent assets | (1,054) | |||||||
Total noncurrent assets: | 67,800 | 61,731 | 62,434 | 57,517 | 53,738 | |||
TOTAL ASSETS: | 76,995 | 68,012 | 68,598 | 63,339 | 60,127 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | 2,203 | 1,863 | 1,711 | 1,620 | 1,441 | |||
Accounts payable | 1,975 | 1,646 | 1,495 | 1,414 | 1,244 | |||
Interest and dividends payable | 228 | 217 | 216 | 206 | 197 | |||
Debt | 21,994 | 1,376 | 2,216 | 1,179 | 633 | |||
Regulatory liability | 676 | |||||||
Accrued environmental loss contingencies | 14,226 | |||||||
Due to related parties | 20 | 18 | 22 | 17 | ||||
Other liabilities | 1,512 | 2,010 | 2,323 | 1,997 | 1,846 | |||
Other undisclosed current liabilities | 1,760 | 1,860 | 1,296 | 869 | 1,983 | |||
Total current liabilities: | 41,695 | 7,129 | 7,564 | 6,363 | 5,920 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 17,753 | 16,220 | 16,030 | 15,050 | ||||
Long-term debt, excluding current maturities | 17,753 | 16,220 | 16,030 | 15,050 | ||||
Liabilities, other than long-term debt | 19,116 | 23,658 | 26,622 | 24,118 | 23,157 | |||
Asset retirement obligations | 5,994 | 4,899 | 4,684 | 3,643 | 3,575 | |||
Deferred tax liabilities, net | ✕ | 5,822 | 10,213 | 9,206 | 8,513 | |||
Liability, pension and other postretirement and postemployment benefits | 2,119 | 2,128 | 2,641 | 2,622 | 2,561 | |||
Regulatory liability | 8,539 | 8,679 | 6,805 | 6,321 | 6,290 | |||
Other liabilities | 2,464 | 2,130 | 2,279 | 2,326 | 2,218 | |||
Other undisclosed noncurrent liabilities | 3,281 | |||||||
Total noncurrent liabilities: | 22,397 | 41,411 | 42,842 | 40,148 | 38,207 | |||
Total liabilities: | 64,092 | 48,540 | 50,406 | 46,511 | 44,127 | |||
Stockholders' equity | ||||||||
Stockholders' equity attributable to parent | 12,651 | 19,220 | 17,940 | 16,576 | 15,748 | |||
Common stock | 12,910 | 12,632 | 12,198 | 11,282 | 10,421 | |||
Accumulated other comprehensive income (loss) | (9) | (8) | (9) | (7) | 11 | |||
Retained earnings (accumulated deficit) | (250) | 6,596 | 5,751 | 5,301 | 5,316 | |||
Stockholders' equity attributable to noncontrolling interest | 252 | 252 | 252 | 252 | 252 | |||
Total stockholders' equity: | 12,903 | 19,472 | 18,192 | 16,828 | 16,000 | |||
TOTAL LIABILITIES AND EQUITY: | 76,995 | 68,012 | 68,598 | 63,339 | 60,127 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
---|---|---|---|---|---|---|---|
Revenues | 16,759 | 17,135 | 17,666 | 16,833 | 17,090 | ||
Revenue, net | ✕ | ✕ | 17,135 | 17,666 | 16,833 | 17,090 | |
Cost of revenue (Cost of Goods and Services Sold) | (4,309) | (4,765) | (5,099) | (5,615) | |||
Gross profit: | 16,759 | 12,826 | 12,901 | 11,734 | 11,475 | ||
Operating expenses | (26,459) | (14,179) | (15,489) | (15,325) | (14,798) | ||
Other undisclosed operating income | 4,309 | 4,765 | 5,099 | 5,773 | |||
Operating income (loss): | (9,700) | 2,956 | 2,177 | 1,508 | 2,450 | ||
Nonoperating income | 500 | 103 | 114 | 126 | 197 | ||
Investment income, nonoperating | 76 | 31 | 23 | 9 | 127 | ||
Other nonoperating income | 424 | 72 | 91 | 117 | 70 | ||
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) | 2,171 | 1,462 | 861 | 1,795 | ||
Income tax expense (benefit) | 3,292 | (511) | (55) | 27 | (345) | ||
Net income (loss) attributable to parent: | (6,837) | 1,660 | 1,407 | 888 | 1,450 | ||
Preferred stock dividends and other adjustments | (14) | (14) | (14) | (14) | (14) | ||
Net income (loss) available to common stockholders, diluted: | (6,851) | 1,646 | 1,393 | 874 | 1,436 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
---|---|---|---|---|---|---|---|
Net income (loss): | (6,837) | 1,660 | 1,407 | 888 | 1,450 | ||
Other comprehensive income | 2 | 10 | |||||
Other undisclosed comprehensive income | 2 | ||||||
Comprehensive income (loss): | (6,833) | 1,660 | 1,407 | 888 | 1,460 | ||
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 | 1,648 | 1,389 | 838 | 1,348 | |||
Comprehensive income (loss), net of tax, attributable to parent: | (6,833) | 1,661 | 1,405 | 870 | 1,411 |
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.