← PG&E Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Available to Common Stockholders, Basic $1.4b $1.6b ($6.9b) ($7.7b) ($1.3b) ($102.0m) $1.8b $2.2b $2.5b $2.6b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.4b $1.7b ($6.8b) ($7.6b) ($1.3b) ($88.0m) $1.8b $2.3b $2.5b $2.7b
Depreciation, amortization, and decommissioning $2.8b $2.9b $3.0b $3.2b $3.5b $3.4b $3.9b $3.7b $4.2b $4.6b
Deferred income taxes and tax credits, net $1.0b $1.3b ($2.5b) ($2.9b) $1.1b $1.8b ($452.0m) ($765.0m) $1.1b $1.1b
Share-based Payment Arrangement, Expense $108.0m $85.0m $89.0m $50.0m $35.0m $56.0m $115.0m $91.0m $98.0m $134.0m
Income Tax Expense (Benefit) $55.0m $511.0m ($3.3b) ($3.4b) $362.0m $836.0m ($1.3b) ($1.6b) ($200.0m) ($280.0m)
Interest Expense Nonoperating — — — — — — — — $3.1b $3.0b
Operating lease liabilities arising from obtaining ROU assets — $0 $0 $2.8b $13.0m $100.0m $529.0m $269.0m $6.0m $0
Other Nonoperating Income (Expense) $91.0m $72.0m $424.0m $250.0m $483.0m $457.0m $394.0m $272.0m $300.0m $182.0m
Reclassification of operating lease liabilities to financing lease liabilities — — — — — $0 $0 $913.0m $0 $0
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $180.0m $173.0m $409.0m $516.0m $58.0m $117.0m $627.0m ($90.0m) $30.0m $176.0m
Accounts receivable ($473.0m) $67.0m ($121.0m) ($104.0m) ($1.2b) ($589.0m) ($757.0m) ($369.0m) ($1.1b) ($61.0m)
Allowance for equity funds used during construction ($112.0m) ($89.0m) ($129.0m) ($79.0m) ($140.0m) ($133.0m) ($184.0m) ($179.0m) ($184.0m) ($219.0m)
Asset Retirement Obligation, Accretion Expense $194.0m $207.0m $211.0m $274.0m $265.0m $287.0m $213.0m $253.0m $269.0m $290.0m
Bad debt expense — — — $46.0m $150.0m $154.0m $143.0m $636.0m $341.0m $402.0m
Borrowings under credit facilities $0 $0 $4.0b $0 $8.6b $9.7b $10.1b $10.7b $6.9b $4.8b
Borrowings under term loan — — — — — — — $2.1b $0 $575.0m
Capital expenditures financed through accounts payable $403.0m $501.0m $368.0m $826.0m $515.0m $1.3b $1.2b $1.1b $1.1b $1.9b
Changes to PG&E Corporation common stock and treasury stock in connection with the share exchange with the Fire Victim Trust — — — — $0 $4.9b ($2.3b) ($2.5b) $0 $0
Contributions to Wildfire Fund — — $0 $0 ($5.2b) ($193.0m) ($193.0m) ($193.0m) ($193.0m) ($193.0m)
DWR loan forgiveness and performance-based disbursements — — — — — $0 $0 $214.0m $192.0m $148.0m
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — — — $6.0m — — —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — $143.0m $636.0m $341.0m $402.0m
Financing lease liabilities arising from obtaining ROU assets — — — — — $0 $0 $52.0m $43.0m $0
Increase (Decrease) in Accounts Payable $180.0m $173.0m $409.0m $516.0m $58.0m $117.0m $627.0m ($90.0m) $30.0m $176.0m
Increase (Decrease) in Inventories $24.0m $18.0m $73.0m $80.0m ($6.0m) $32.0m $246.0m $28.0m ($45.0m) $0
Interest, net of amounts capitalized ($726.0m) ($790.0m) ($786.0m) ($10.0m) ($1.6b) ($1.4b) ($1.6b) ($2.3b) ($2.4b) ($2.7b)
Inventories ($24.0m) ($18.0m) ($73.0m) ($80.0m) $6.0m ($32.0m) ($246.0m) ($28.0m) $45.0m $0
Investment Income, Interest $23.0m $31.0m $76.0m $82.0m $39.0m $20.0m $162.0m $606.0m $604.0m $520.0m
Mandatory convertible preferred stock issued — — — — — — $0 $0 $1.6b $0
Operating Costs and Expenses $15.5b $14.2b $26.5b $27.2b $16.7b $18.8b $19.8b $21.8b $20.0b $20.2b
Other ($44.0m) ($107.0m) ($20.0m) ($8.0m) ($40.0m) ($29.0m) $53.0m ($17.0m) ($59.0m) ($87.0m)
Other current assets and liabilities $83.0m $42.0m ($281.0m) $77.0m ($1.1b) $244.0m $17.0m $397.0m ($231.0m) $563.0m
Other noncurrent assets and liabilities ($219.0m) $57.0m ($151.0m) $197.0m ($142.0m) ($579.0m) ($425.0m) ($548.0m) ($561.0m) ($238.0m)
Pension Cost (Reversal of Cost) $97.0m $103.0m $105.0m $109.0m $119.0m $133.0m $144.0m $158.0m $175.0m $194.0m
Proceeds from DWR loan — — — — $0 $0 $312.0m $0 $980.0m $0
Proceeds from issuance of AB 1054 recovery bonds, net of financing fees of $0, $10 and $0 at respective dates — — — — $0 $850.0m $8.4b $0 $1.4b $0
Proceeds from issuance of convertible notes, net of discount and issuance costs of $0, $0, and $27 at respective dates — — — — — $0 $0 $2.1b $0 $0
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $38, $5, and $67 at respective dates — — — — — $4.6b $4.3b $5.5b $4.5b $5.0b
Proceeds from self-insurance investments — — — — — — — $0 $0 $1.2b
Regulatory assets, liabilities, and balancing accounts, net ($1.2b) ($387.0m) ($800.0m) ($1.4b) ($2.5b) ($2.3b) ($1.1b) ($429.0m) $1.5b $173.0m
Repayments of recovery bonds — — — — $0 $0 ($51.0m) ($168.0m) ($175.0m) ($223.0m)
Repayments under credit facilities $0 $0 ($775.0m) $0 ($3.9b) ($10.0b) ($9.8b) ($10.5b) ($10.1b) ($1.5b)
Repayments under term loan — — — — — — $0 ($2.2b) ($2.6b) $0
Short-term debt matured $0 ($500.0m) ($750.0m) $0 $0 ($1.4b) ($300.0m) $0 $0 ($1.0b)
Wildfire Fund expense — — $0 $0 $413.0m $517.0m $477.0m $568.0m $383.0m $352.0m
Wildfire-related claims $690.0m ($129.0m) $13.7b ($114.0m) ($16.5b) $472.0m ($810.0m) ($489.0m) ($506.0m) ($392.0m)
Wildfire-related insurance receivable ($575.0m) ($21.0m) ($1.7b) $35.0m $1.6b ($723.0m) $453.0m $358.0m $318.0m ($167.0m)
Net Cash Provided by (Used in) Operating Activities $4.4b $6.0b $4.8b $4.8b ($19.1b) $2.3b $3.7b $4.7b $8.0b $8.7b
Cash flows from investing activities:
Capital expenditures financed through current assets and non-current liabilities — — — — — — — $0 $0 $592.0m
Payments to Acquire Property, Plant, and Equipment $5.7b $5.6b $6.5b $6.3b $7.7b $7.7b $9.6b $9.7b $10.4b $11.8b
Purchases of customer credit investments — — — — $0 $0 ($1.0b) $0 ($519.0m) ($742.0m)
Purchases of nuclear decommissioning trust investments ($1.4b) ($1.3b) ($1.5b) ($1.0b) ($1.6b) ($1.7b) ($3.2b) ($2.3b) ($2.0b) ($2.0b)
Purchases of self-insurance investments — — — — — — $0 $0 ($898.0m) ($1.4b)
Proceeds from sales and maturities of customer credit trust investments — — — — $0 $0 $250.0m $556.0m $398.0m $435.0m
Proceeds from sales and maturities of nuclear decommissioning trust investments $1.3b $1.3b $1.4b $956.0m $1.5b $1.7b $3.3b $2.2b $2.0b $2.0b
Payments for (Proceeds from) Other Investing Activities ($13.0m) ($23.0m) ($23.0m) ($11.0m) ($14.0m) ($59.0m) ($34.0m) ($13.0m) ($35.0m) ($22.0m)
Net Cash Provided by (Used in) Investing Activities ($5.5b) ($5.7b) ($6.6b) ($6.4b) ($7.7b) ($6.9b) ($10.2b) ($9.2b) ($11.4b) ($12.3b)
Cash flows from financing activities:
Short-term debt financing, net of issuance costs of $0, $1, and $0 at respective dates — $750.0m $600.0m $0 $1.4b $300.0m $0 $0 $999.0m $0
Repayments of Long-term Debt $160.0m $1.4b $795.0m $0 $764.0m $87.0m $6.0b $3.1b $800.0m $3.9b
Common stock issued $822.0m $395.0m $200.0m $85.0m $7.6b $0 $0 $0 $1.1b $0
Proceeds from Issuance of Common Stock $822.0m $395.0m $200.0m $85.0m — — — — $1.1b $0
Payments of Ordinary Dividends, Common Stock $921.0m $1.0b $0 $0 — — — — $86.0m —
Dividends Payable $248.0m $0 $0 — — — — $21.0m $55.0m —
Dividends declared but not yet paid $248.0m $0 $0 — — $0 $0 $21.0m $55.0m $134.0m
Mandatory convertible preferred stock dividends paid ($921.0m) ($1.0b) $0 $0 — — $0 $0 ($86.0m) ($220.0m)
Preferred stock dividends paid ($14.0m) ($14.0m) $0 $0 — — — $0 $0 ($97.0m)
Proceeds from (Payments for) Other Financing Activities ($44.0m) ($107.0m) ($20.0m) ($8.0m) ($40.0m) ($29.0m) $53.0m ($17.0m) ($59.0m) ($87.0m)
Net Cash Provided by (Used in) Financing Activities $1.2b ($55.0m) $3.0b $1.5b $25.9b $4.3b $7.1b $4.4b $3.6b $3.4b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $1.2b ($98.0m) ($950.0m) ($320.0m) $640.0m ($15.0m) $281.0m ($241.0m)
Cash and cash equivalents at December 31 $177.0m $449.0m $1.7b $1.6b $484.0m $291.0m $734.0m $635.0m $940.0m $713.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $1.7b $1.6b $627.0m $307.0m $947.0m $932.0m $1.2b $972.0m
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1 $184.0m $456.0m $1.7b $1.6b $627.0m $307.0m $947.0m $932.0m $1.2b $972.0m
Less: Restricted cash and restricted cash equivalents ($7.0m) ($7.0m) ($7.0m) ($7.0m) ($143.0m) ($16.0m) ($213.0m) ($297.0m) ($273.0m) ($259.0m)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents — — $1.2b ($98.0m) ($950.0m) ($320.0m) $640.0m ($15.0m) $281.0m ($241.0m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $726.0m $790.0m $786.0m $10.0m $1.6b $1.4b $1.6b $2.3b $2.4b $2.7b
Income Taxes Paid, Net ($231.0m) ($162.0m) ($49.0m) $0 $0 $99.0m $0 $0 — —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.