PG&E Corporation Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,593	2,475	2,242	1,800	-102
Depreciation & Amortization	4,634	4,189	3,738	3,856	3,403
Other Amortization	352	383	568	477	517
Restructuring Activities	-	-	-	-	-73
Change in Accounts Receivable	-61	-1,061	-369	-757	-589
Change in Inventory	-	45	-28	-246	-32
Change in Accounts Payable	176	30	-90	627	117
Change in Other Net Operating Assets	-254	372	-904	-2,089	-3,045
Other Operating Activities	874	1,261	-1,046	-90	1,912
Operating Cash Flow	8,716	8,035	4,747	3,721	2,262
Operating Cash Flow Growth	8.48%	69.27%	27.57%	64.50%	-
Capital Expenditures	-11,787	-10,369	-9,714	-9,584	-7,689
Sale of Property, Plant & Equipment	-	-	-	-	749
Contributions to Nuclear Demissioning Trust	-1,993	-2,002	-2,252	-3,208	-1,702
Other Investing Activities	1,464	996	2,804	2,578	1,737
Investing Cash Flow	-12,316	-11,375	-9,162	-10,214	-6,905
Short-Term Debt Issued	-	1,000	-	-	301
Long-Term Debt Issued	10,327	13,772	20,475	23,225	15,247
Total Debt Issued	10,327	14,772	20,475	23,225	15,548
Short-Term Debt Repaid	-1,000	-	-	-300	-1,450
Long-Term Debt Repaid	-5,564	-13,697	-15,964	-15,769	-10,063
Total Debt Repaid	-6,564	-13,697	-15,964	-16,069	-11,513
Net Debt Issued (Repaid)	3,763	1,075	4,511	7,156	4,035
Issuance of Common Stock	-	1,128	-	-	-
Common Dividends Paid	-220	-86	-	-	-
Preferred Dividends Paid	-97	-	-	-	-
Dividends Paid	-317	-86	-	-	-
Other Financing Activities	-87	-75	-111	-23	288
Financing Cash Flow	3,359	3,621	4,400	7,133	4,323
Miscellaneous Cash Flow Adjustments	-259	-273	-297	-213	-16
Net Cash Flow	-500	8	-312	427	-336
Free Cash Flow	-3,071	-2,334	-4,967	-5,863	-5,427
Free Cash Flow Margin	-12.32%	-9.56%	-20.33%	-27.04%	-26.29%
Free Cash Flow Per Share	-1.40	-1.09	-2.32	-2.75	-2.73
Cash Interest Paid	2,665	2,421	2,286	1,607	1,404
Cash Income Tax Paid	-	-	-	-	-99
Levered Free Cash Flow	-3,414	-6,584	-6,225	-4,737	-3,592
Unlevered Free Cash Flow	-1,452	-4,654	-4,435	-3,530	-2,583
Change in Working Capital	-139	-614	-1,391	-2,465	-3,549

Source: S&P Global Market Intelligence. Utility template. Financial Sources.