PG&E Corp

10-K & 10-Q Filings

PG&E Corporation, incorporated in California in 1995, is a holding company with its primary operating subsidiary being Pacific Gas and Electric Company (Utility), a public utility operating in Northern and Central California since 1905. The Utility generates revenues mainly through the sale and delivery of electricity and natural gas to customers. Their business strategy is based on the "triple bottom line" of people, planet, and prosperity. They aim to deliver for their hometowns, serve the planet, and lead with love. The Utility's service area is in Northern and Central California. Their principal executive offices are located at 300 Lakeside Drive, Oakland, California 94612. PG&E Corporation's telephone number is (415) 973-1000 and the Utility's telephone number is (415) 973-7000. This is a combined Annual Report on Form 10-K for PG&E Corporation and the Utility. The Utility's goal is to continually reduce risk to keep customers, communities, and workforce safe, build and retain an engaged, well-trained, diverse, and equitably-paid workforce, and protect and serve the environment. They are committed to delivering safe, clean, affordable, and reliable energy while integrating and managing climate change and other environmental considerations in their business strategies. For more information, visit their website at www.pgecorp.com or www.pge.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$14956.00
15040.00
15598.00
17090.00
16833.00
17666.00
17135.00
16759.00
17129.00
18469.00
20642.00
21680.00
24428.00
6209.00
5861.00
4.17%-5.60%Cost of Revenue (-)
$4016.00
4162.00
5016.00
5615.00
5099.00
4765.00
4309.00
4499.00
3829.00
3898.00
4381.00
4856.00
4197.00
1438.00
850.00
0.37%-40.89%Gross Profit (+)
$10940.00
10878.00
10582.00
11475.00
11734.00
12901.00
12826.00
12260.00
13300.00
14571.00
16261.00
16824.00
20231.00
4771.00
5011.00
5.26%5.03%Operating Expenses (-)
$13014.00
13347.00
13836.00
14640.00
15325.00
15489.00
14179.00
26459.00
27223.00
16714.00
18759.00
19843.00
21757.00
5580.00
4585.00
4.38%-17.83%Costs & Expenses (Total) (-)
$17030.00
17509.00
18852.00
20255.00
20424.00
20254.00
18488.00
30958.00
31052.00
20612.00
23140.00
24699.00
25954.00
7018.00
5435.00
3.57%-22.56%Operating Income/Loss (+)
$1942.00
1693.00
1762.00
2450.00
1508.00
2177.00
2956.00
-9700.00
-10094.00
1755.00
1883.00
1837.00
2671.00
629.00
1276.00
2.69%102.86%Non-operating Income/Expense (+)
$56.00
77.00
49.00
79.00
126.00
114.00
103.00
500.00
332.00
522.00
477.00
556.00
878.00
197.00
213.00
25.78%8.12%Interest Expense (-)
$700.00
703.00
715.00
734.00
773.00
829.00
888.00
929.00
934.00
1260.00
1601.00
1917.00
2850.00
602.00
715.00
12.41%18.77%Earnings before Tax (+)
$1298.00
1067.00
1096.00
1795.00
861.00
1462.00
2171.00
-10129.00
-11042.00
-942.00
748.00
476.00
699.00
224.00
774.00
-5.03%245.54%Tax Expense (-)
$440.00
262.00
268.00
345.00
-27.00
55.00
511.00
-3292.00
-3400.00
362.00
836.00
-1338.00
-1557.00
-348.00
39.00
111.21%Income/Loss (Continuing Operations) (+)
$858.00
805.00
828.00
1450.00
888.00
1407.00
1660.00
-6837.00
-7642.00
-1304.00
-88.00
1814.00
2256.00
572.00
735.00
8.39%28.50%Profit/Loss (+)
$858.00
830.00
828.00
1450.00
888.00
1407.00
1660.00
-6837.00
-7642.00
-1304.00
-88.00
1814.00
2256.00
572.00
735.00
8.39%28.50%Net Income/Loss (+)
$844.00
816.00
814.00
1436.00
874.00
1393.00
1646.00
-6851.00
-7656.00
-1318.00
-102.00
1800.00
2242.00
569.00
732.00
8.48%28.65%Preferred & Other Distributions (-)
$42.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
14.00
3.00
3.00
-8.75%0.00%Net Income/Loss (Common) (+)
$844.00
816.00
814.00
1436.00
874.00
1393.00
1646.00
-6851.00
-7656.00
-1318.00
-102.00
1800.00
2242.00
569.00
732.00
8.48%28.65%EPS (Basic)
$2.10
1.92
1.83
3.07
1.81
2.79
3.21
-13.25
-14.50
-1.05
-0.05
0.91
1.09
0.29
0.34
-5.32%17.24%EPS (Diluted)
$2.10
1.92
1.83
3.06
1.79
2.78
3.21
-13.25
-14.50
-1.05
-0.05
0.84
1.05
0.27
0.34
-5.61%25.93%Weighted Avg Shares (Basic)
401.00
424.00
444.00
468.00
484.00
499.00
512.00
517.00
528.00
1257.00
1985.00
1987.00
2064.00
1991.00
2134.00
14.63%7.18%Weighted Avg Shares (Diluted)
402.00
425.00
445.00
470.00
487.00
501.00
513.00
517.00
528.00
1257.00
1985.00
2132.00
2138.00
2132.00
2139.00
14.94%0.33%Cash
$893.00
731.00
597.00
449.00
357.00
184.00
449.00
1668.00
1570.00
627.00
307.00
947.00
932.00
1415.00
1020.00
0.36%-27.92%Receivables
$3676.00
2999.00
3293.00
4379.00
4007.00
4651.00
4272.00
6269.00
6987.00
6139.00
8335.00
8837.00
10456.00
8542.00
11434.00
9.10%33.86%Inventory
$420.00
444.00
454.00
476.00
439.00
463.00
481.00
554.00
647.00
628.00
596.00
842.00
870.00
835.00
821.00
6.26%-1.68%Other Assets (Current)
$1491.00
947.00
1633.00
1085.00
1019.00
866.00
1079.00
704.00
961.00
2208.00
1839.00
2189.00
2125.00
1505.00
1956.00
3.00%29.97%Assets (Current)
$6480.00
5121.00
5977.00
6389.00
5822.00
6164.00
6281.00
9195.00
10165.00
9602.00
11077.00
12815.00
14383.00
12297.00
15231.00
6.87%23.86%Property, Plant & Equipment (Net)
$33655.00
37523.00
41252.00
43941.00
46723.00
50581.00
53789.00
58557.00
61635.00
66136.00
69826.00
76208.00
82321.00
77320.00
83651.00
7.74%8.19%Accumulated Depreciation
$15912.00
16644.00
17844.00
19121.00
20619.00
22014.00
-23459.00
24715.00
26455.00
27758.00
Other Assets
$9615.00
9805.00
8376.00
9797.00
10794.00
11853.00
31401.00
9243.00
11110.00
20377.00
22424.00
29621.00
28396.00
29995.00
28178.00
9.44%-6.06%Assets (Non-current)
$43270.00
47328.00
49628.00
53738.00
57517.00
62434.00
61731.00
67800.00
75031.00
88254.00
92250.00
105829.00
111315.00
107315.00
112414.00
8.19%4.75%Assets (Total)
$49750.00
52449.00
55605.00
60127.00
63339.00
68598.00
68012.00
76995.00
85196.00
97856.00
103327.00
118644.00
125698.00
119612.00
127645.00
8.03%6.72%Accounts Payable
$2130.00
2117.00
2185.00
1441.00
1620.00
1711.00
1863.00
2203.00
1958.00
2900.00
3336.00
3514.00
2988.00
2890.00
2728.00
2.86%-5.61%Debt (Current)
$1697.00
892.00
2063.00
633.00
1179.00
2216.00
1376.00
21994.00
556.00
3575.00
6665.00
4323.00
5606.00
5021.00
4015.00
10.47%-20.04%Other Liabilities (Current)
$3922.00
3247.00
3245.00
3846.00
3564.00
3637.00
3890.00
17498.00
5117.00
7106.00
7426.00
7951.00
8720.00
6890.00
8710.00
6.89%26.42%Liabilities (Current)
$7749.00
6256.00
7493.00
5920.00
6363.00
7564.00
7129.00
41695.00
7631.00
13581.00
17427.00
15788.00
17314.00
14801.00
15453.00
6.93%4.41%Debt (Non-current)
$11766.00
12517.00
12717.00
15050.00
16030.00
16220.00
17753.00
1730.00
37288.00
38225.00
47742.00
51529.00
48508.00
53968.00
13.10%11.26%Other Liabilities
$17882.00
20350.00
20801.00
23157.00
24118.00
26622.00
23658.00
22397.00
70447.00
25734.00
26452.00
32039.00
31563.00
32717.00
32241.00
4.85%-1.45%Liabilities (Non-current)
$29648.00
32867.00
33518.00
38207.00
40148.00
42842.00
41411.00
22397.00
72177.00
63022.00
64677.00
79781.00
83092.00
81225.00
86209.00
8.97%6.14%Liabilities (Total)
$37397.00
39123.00
41011.00
44127.00
46511.00
50406.00
48540.00
64092.00
79808.00
76603.00
82104.00
95569.00
100406.00
96026.00
101662.00
8.58%5.87%Treasury Stock
$
4854.00
2517.00
1907.00
Retained Earnings
$4712.00
4747.00
4742.00
5316.00
5301.00
5751.00
6596.00
-250.00
-7892.00
-9196.00
-9284.00
-7542.00
-5321.00
-6973.00
-4611.00
33.87%AOCI
$-213.00
-101.00
50.00
11.00
-7.00
-9.00
-8.00
-9.00
-10.00
-27.00
-20.00
-5.00
-13.00
-14.00
Shareholder's Equity
$12353.00
13326.00
14594.00
16000.00
16828.00
18192.00
19472.00
12903.00
5388.00
21253.00
21223.00
23075.00
25292.00
23586.00
25983.00
6.15%10.16%Liabilities & Equity
$49750.00
52449.00
55605.00
60127.00
63339.00
68598.00
68012.00
76995.00
85196.00
97856.00
103327.00
118644.00
125698.00
119612.00
127645.00
8.03%6.72%Net Income/Loss
$858.00
830.00
828.00
1450.00
888.00
1407.00
1660.00
-6837.00
-7642.00
-1304.00
-88.00
1814.00
2256.00
572.00
735.00
8.39%28.50%Increase/Decrease in Working Capital
$204.00
-489.00
1104.00
1298.00
1173.00
1784.00
-5.00
-10798.00
-11276.00
24678.00
3682.00
2649.00
1570.00
551.00
-218.00
18.54%-139.56%Adjustments to Reconcile Net Income
$2881.00
4052.00
2599.00
2227.00
2865.00
3002.00
4317.00
11589.00
12458.00
-17826.00
2350.00
1907.00
2491.00
613.00
1526.00
-1.20%148.94%Net Cash (Operating)
$3739.00
4882.00
3427.00
3677.00
3753.00
4409.00
5977.00
4752.00
4816.00
-19130.00
2262.00
3721.00
4747.00
1185.00
2261.00
2.01%90.80%Capital Expenditure
$4038.00
4624.00
5207.00
4833.00
5173.00
5709.00
5641.00
6514.00
6313.00
7690.00
6940.00
9584.00
9714.00
2288.00
2638.00
7.59%15.30%Net Cash (Investing)
$-3986.00
-4526.00
-5107.00
-4714.00
-5211.00
-5526.00
-5650.00
-6564.00
-6378.00
-7748.00
-6905.00
-10214.00
-9162.00
-2140.00
-2930.00
-36.92%Increase/Decrease in Debt
$874.00
-64.00
1353.00
876.00
1506.00
1314.00
678.00
2851.00
18786.00
3991.00
-1617.00
4666.00
1502.00
655.00
14.98%-56.39%Increase/Decrease in Equity
$662.00
751.00
1045.00
802.00
780.00
822.00
395.00
200.00
1304.00
Interest Expenses
$647.00
594.00
623.00
633.00
684.00
726.00
790.00
786.00
10.00
1563.00
1404.00
1607.00
2286.00
598.00
712.00
11.09%19.06%Dividends Paid
$718.00
760.00
796.00
842.00
870.00
935.00
-1007.00
21.00
Net Cash (Financing)
$469.00
-468.00
1575.00
892.00
1430.00
1171.00
-55.00
3031.00
1464.00
25928.00
4323.00
7133.00
4400.00
1423.00
757.00
20.51%-46.80%Cash Taxes Paid
$-42.00
-114.00
41.00
-501.00
-77.00
-231.00
-162.00
-49.00
99.00
Increase/Decrease in Cash
$222.00
-112.00
-105.00
-145.00
-28.00
54.00
272.00
1219.00
-98.00
-950.00
-320.00
640.00
-15.00
468.00
88.00
-81.20%Cash (Beginning)
$291.00
513.00
401.00
296.00
151.00
123.00
177.00
456.00
1675.00
1577.00
627.00
307.00
947.00
947.00
932.00
10.33%-1.58%Cash (Ending)
$513.00
401.00
296.00
151.00
123.00
177.00
449.00
1675.00
1577.00
627.00
307.00
947.00
932.00
1415.00
1020.00
5.10%-27.92%NOPAT
$1283.69
1277.29
1696.09
1979.11
1642.86
2095.10
2260.23
-9746.92
-13202.10
1080.57
1633.78
7000.67
8620.57
1606.20
1211.71
17.20%-24.56%Gross Margin %
73.15%
72.33%
67.84%
67.14%
69.71%
73.03%
74.85%
73.15%
77.65%
78.89%
78.78%
77.60%
82.82%
76.84%
85.50%
Operating Margin %
12.98%
11.26%
11.30%
14.34%
8.96%
12.32%
17.25%
-57.88%
-58.93%
9.50%
9.12%
8.47%
10.93%
10.13%
21.77%
NOPAT Margin %
8.58%
8.49%
10.87%
11.58%
9.76%
11.86%
13.19%
-58.16%
-77.07%
5.85%
7.91%
32.29%
35.29%
25.87%
20.67%
Net Margin %
5.64%
5.43%
5.22%
8.40%
5.19%
7.89%
9.61%
-40.88%
-44.70%
-7.14%
-0.49%
8.30%
9.18%
9.16%
12.49%
Tax Rate %
33.90%
24.55%
3.74%
19.22%
-8.94%
3.76%
23.54%
-0.48%
-30.79%
38.43%
13.24%
-281.09%
-222.75%
-155.36%
5.04%
ROA
2.58%
2.44%
3.05%
3.29%
2.59%
3.05%
3.32%
-12.66%
-15.50%
1.10%
1.58%
5.90%
6.86%
1.34%
0.95%
ROE
10.39%
9.58%
11.62%
12.37%
9.76%
11.52%
11.61%
-75.54%
-245.03%
5.08%
7.70%
30.34%
34.08%
6.81%
4.66%
ROIC
3.72%
3.37%
4.06%
4.31%
3.41%
4.00%
4.10%
-17.38%
-19.91%
1.61%
2.27%
8.82%
9.88%
1.98%
1.36%
Asset Turnover
0.30
0.29
0.28
0.28
0.27
0.26
0.25
0.22
0.20
0.19
0.20
0.18
0.19
0.05
0.05
Inventory Turnover
9.56
9.37
11.05
11.80
11.62
10.29
8.96
8.12
5.92
6.21
7.35
5.77
4.82
1.72
1.04
Equity Multiplier
4.03
3.94
3.81
3.76
3.76
3.77
3.49
5.97
15.81
4.60
4.87
5.14
4.97
5.07
4.91
Current Ratio
0.84
0.82
0.80
1.08
0.91
0.81
0.88
0.22
1.33
0.71
0.64
0.81
0.83
0.83
0.99
Quick Ratio
0.59
0.60
0.52
0.82
0.69
0.64
0.66
0.19
1.12
0.50
0.50
0.62
0.66
0.67
0.81
Debt/Equity Ratio
1.09
1.01
1.01
0.98
1.02
1.01
0.98
1.70
0.42
1.92
2.12
2.26
2.26
2.27
2.23
Interest Coverage Ratio
3.00
2.85
2.83
3.87
2.20
3.00
3.74
-12.34
-1009.40
1.12
1.34
1.14
1.17
1.05
1.79
Working Capital/Sales
0.06
0.03
0.03
0.11
0.08
0.10
0.08
-0.15
0.27
0.05
0.11
0.14
0.20
0.59
0.98
Dividend Payout Ratio %
55.93%
59.50%
46.93%
42.54%
52.96%
44.63%
-44.55%
1.73%
Total Payout
$-171.00
667.00
-979.00
-203.00
-732.00
-475.00
-1290.00
-2265.00
10.00
-18527.00
-2587.00
3224.00
-2380.00
-904.00
78.00
108.63%Payout Ratio %
-13.32%
52.22%
-57.72%
-10.26%
-44.56%
-22.67%
-57.07%
-23.24%
0.08%
-1714.55%
-158.34%
46.05%
-27.61%
-56.28%
6.44%