PG&E Corporation (PCG)

PG&E Corporation Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,598	2,475	2,242	1,800	-102	-1,318
Depreciation & Amortization	4,357	4,189	3,738	3,856	3,403	3,468
Other Amortization	359	383	568	477	517	413
Restructuring Activities	-	-	-	-	-73	1,458
Change in Accounts Receivable	-563	-1,061	-369	-757	-589	-1,182
Change in Inventory	71	45	-28	-246	-32	6
Change in Accounts Payable	-486	30	-90	627	117	58
Change in Other Net Operating Assets	945	372	-904	-2,089	-3,045	-23,420
Other Operating Activities	979	1,261	-1,046	-90	1,912	1,237
Operating Cash Flow	8,688	8,035	4,747	3,721	2,262	-19,130
Operating Cash Flow Growth	32.04%	69.27%	27.57%	64.50%	-	-
Capital Expenditures	-11,459	-10,369	-9,714	-9,584	-7,689	-7,690
Sale of Property, Plant & Equipment	-	-	-	-	749	-
Contributions to Nuclear Demissioning Trust	-1,955	-2,002	-2,252	-3,208	-1,702	-1,590
Other Investing Activities	1,008	996	2,804	2,578	1,737	1,532
Investing Cash Flow	-12,406	-11,375	-9,162	-10,214	-6,905	-7,748
Short-Term Debt Issued	-	1,000	-	-	301	1,950
Long-Term Debt Issued	-	13,772	20,475	23,225	15,247	22,229
Total Debt Issued	7,410	14,772	20,475	23,225	15,548	24,179
Short-Term Debt Repaid	-	-	-	-300	-1,450	-2,000
Long-Term Debt Repaid	-	-13,697	-15,964	-15,769	-10,063	-4,713
Total Debt Repaid	-6,789	-13,697	-15,964	-16,069	-11,513	-6,713
Net Debt Issued (Repaid)	621	1,075	4,511	7,156	4,035	17,466
Issuance of Common Stock	1,128	1,128	-	-	-	8,886
Common Dividends Paid	-188	-86	-	-	-	-
Other Financing Activities	192	-75	-111	-23	288	-424
Financing Cash Flow	3,260	3,621	4,400	7,133	4,323	25,928
Miscellaneous Cash Flow Adjustments	-306	-273	-297	-213	-16	-143
Net Cash Flow	-764	8	-312	427	-336	-1,093
Free Cash Flow	-2,771	-2,334	-4,967	-5,863	-5,427	-26,820
Free Cash Flow Margin	-11.19%	-9.56%	-20.33%	-27.04%	-26.29%	-145.22%
Free Cash Flow Per Share	-1.26	-1.09	-2.32	-2.75	-2.73	-21.34
Cash Interest Paid	2,589	2,421	2,286	1,607	1,404	1,563
Cash Income Tax Paid	-	-	-	-	-99	-
Levered Free Cash Flow	-3,356	-6,584	-6,225	-4,737	-3,592	-611.38
Unlevered Free Cash Flow	-1,397	-4,654	-4,435	-3,530	-2,583	184.88
Change in Working Capital	-33	-614	-1,391	-2,465	-3,549	-24,538

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q