PG&E Corporation(NYSE:PCG) 
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and pho...
Website: http://www.pgecorp.com
Founded: 1905
Full Time Employees: 23,000
Sector: Utilities
Industry: Utilities-Regulated Electric
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
- Aggressive Wildfire Mitigation & Grid Hardening: PG&E's substantial investments in wildfire mitigation, including accelerated undergrounding of power lines, enhanced vegetation management, and advanced grid technology, are significantly reducing the risk of future catastrophic wildfires and associated liabilities, leading to more predictable earnings.
- Stable Regulatory Framework & Rate Base Growth: The California Public Utilities Commission (CPUC) generally supports PG&E's necessary capital expenditures for safety and reliability, allowing the company to recover costs and earn a regulated return on its growing asset base. This provides a stable revenue stream and predictable earnings growth.
- Essential Service & Monopoly Position: As a regulated utility, PG&E provides an indispensable service (electricity and natural gas) to a large and growing population in Northern and Central California, ensuring consistent demand and a geographic monopoly that underpins its business model.
- Strategic Role in California's Clean Energy Transition: PG&E is a critical player in California's ambitious clean energy goals, driving investments in renewable energy integration, electric vehicle charging infrastructure, and grid modernization. This positions the company for long-term growth opportunities aligned with state policy.
Bear Thesis:
- Persistent Wildfire Risk & Climate Change Impact: Despite extensive mitigation efforts, California's escalating climate change-driven wildfire risk means PG&E remains highly exposed to potential future liabilities, fines, and reputational damage from equipment-sparked fires, which could severely impact its financial health.
- Intense Regulatory & Political Scrutiny: PG&E operates under constant and intense regulatory and political oversight. Adverse CPUC decisions, penalties, or political pressure regarding rates or operational performance could negatively impact profitability, operational flexibility, and investor confidence.
- High Capital Expenditure & Customer Affordability Pressure: The massive capital investments required for wildfire safety, grid modernization, and clean energy transition lead to higher electricity rates for customers. This creates political and regulatory pressure to manage affordability, potentially limiting future rate increases or cost recovery.
- Operational Execution & Safety Culture Concerns: Despite improvements post-bankruptcy, PG&E's historical safety record and the sheer complexity of its operations mean there's an ongoing risk of operational missteps, equipment failures, or human error that could lead to significant financial penalties and a loss of public trust.
Main Competitors:
- Peninsula Clean Energy (Electricity Procurement Services), As a Community Choice Aggregator (CCA), Peninsula Clean Energy procures electricity on behalf of residents and businesses in San Mateo County, offering alternative generation portfolios (often with higher renewable content) to PG&E's customers. While PG&E still delivers the power and maintains the grid, CCAs directly compete for the generation component of the electricity bill, reducing PG&E's sales volume for generation.
- Sunrun Inc. ($RUN) (Residential Solar Installation and Leasing), Sunrun installs and leases rooftop solar systems to residential customers within PG&E's service territory. By enabling customers to generate their own electricity, Sunrun directly reduces the amount of power these customers purchase from PG&E, impacting PG&E's electricity sales and revenue.
- Edison International ($EIX) (Electric Utility Services (Southern California Edison)), Edison International, through its subsidiary Southern California Edison (SCE), is a major electric utility operating in a different but adjacent service territory within California. While not competing for the same customers, SCE competes with PG&E for capital investment in the utility sector, talent, and influence in state regulatory and legislative policy. Its performance also serves as a benchmark for operational efficiency, safety, and customer service, which can influence PG&E's regulatory outcomes.
- Tesla, Inc. ($TSLA) (Powerwall Home Battery Storage), Tesla's Powerwall and other battery storage solutions allow customers to store self-generated solar power or arbitrage grid electricity prices by charging during off-peak hours and discharging during peak hours. This reduces customers' reliance on PG&E for peak demand electricity and can further decrease overall grid consumption, impacting PG&E's electricity sales.
Moat:
PG&E Corporation operates as a regulated monopoly for electricity and natural gas transmission and distribution within its service territory in Northern and Central California. This regulatory framework provides a significant economic moat, as direct competition for the delivery of these essential services to the same customer is generally prohibited. However, this moat is increasingly challenged by the decentralization of power generation through Community Choice Aggregators (CCAs) and the widespread adoption of distributed energy resources like rooftop solar and battery storage, which reduce customer reliance on PG&E's generation and overall grid consumption. Additionally, PG&E faces intense regulatory scrutiny and public pressure regarding safety and infrastructure, with its performance often benchmarked against other California utilities, influencing its ability to recover costs and earn a fair return.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric | 4,967,000,000 | 5,014,000,000 | 4,755,000,000 | 4,414,000,000 | 4,135,000,000 | 4,763,000,000 | 4,538,000,000 | 4,458,000,000 | 4,052,000,000 | 4,946,000,000 | 4,507,000,000 | 3,852,000,000 | 4,119,000,000 | 3,317,000,000 | 3,895,000,000 | 3,690,000,000 | 4,158,000,000 | 3,604,000,000 | 4,181,000,000 | 3,951,000,000 | 3,395,000,000 | 3,573,000,000 | 3,810,000,000 | 3,435,000,000 | 3,040,000,000 | 3,448,000,000 | 3,554,000,000 | 2,946,000,000 | 2,792,000,000 | 2,984,000,000 | 3,466,000,000 | 3,312,000,000 | 2,951,000,000 | 3,088,000,000 | 3,648,000,000 | 3,323,000,000 | 3,065,000,000 | 3,274,000,000 | 3,994,000,000 | 3,465,000,000 | 3,131,000,000 | 3,313,000,000 | 3,868,000,000 | 3,463,000,000 | 3,013,000,000 | 3,412,000,000 | 4,012,000,000 | 3,233,000,000 | 3,001,000,000 | 3,119,000,000 | 3,517,000,000 | 3,059,000,000 | 2,799,000,000 | 2,256,500,000 | 3,323,000,000 | 2,931,000,000 | 2,772,000,000 | 722,250,000 | 2,889,000,000 | 2,617,000,000 | 1,970,500,000 | 2,857,000,000 | 2,515,000,000 | 2,510,000,000 | 1,902,500,000 | 2,630,000,000 | 2,554,000,000 | 2,426,000,000 | 2,009,750,000 | 2,880,000,000 | 2,645,000,000 | 2,514,000,000 | 1,776,750,000 | 2,574,000,000 | 2,359,000,000 | 2,175,000,000 |
natural gas | 1,914,000,000 | 1,790,000,000 | 1,495,000,000 | 1,484,000,000 | 1,848,000,000 | 1,868,000,000 | 1,403,000,000 | 1,528,000,000 | 1,809,000,000 | 2,095,000,000 | 1,381,000,000 | 1,438,000,000 | 2,090,000,000 | 2,053,000,000 | 1,499,000,000 | 1,428,000,000 | 1,640,000,000 | 1,642,000,000 | 1,284,000,000 | 1,264,000,000 | 1,321,000,000 | 1,175,000,000 | 1,072,000,000 | 1,098,000,000 | 1,266,000,000 | 1,295,000,000 | 878,000,000 | 997,000,000 | 1,219,000,000 | 1,104,000,000 | 915,000,000 | 922,000,000 | 1,105,000,000 | 1,012,000,000 | 869,000,000 | 927,000,000 | 1,203,000,000 | 1,439,000,000 | 816,000,000 | 704,000,000 | 843,000,000 | 854,000,000 | 682,000,000 | 754,000,000 | 886,000,000 | 896,000,000 | 927,000,000 | 719,000,000 | 890,000,000 | 856,000,000 | 658,000,000 | 717,000,000 | 873,000,000 | 546,000,000 | 653,000,000 | 662,000,000 | 869,000,000 | 198,750,000 | 795,000,000 | 980,000,000 | 584,500,000 | 656,000,000 | 717,000,000 | 965,000,000 | 562,500,000 | 605,000,000 | 640,000,000 | 1,005,000,000 | 736,500,000 | 794,000,000 | 933,000,000 | 1,219,000,000 | 678,500,000 | 705,000,000 | 828,000,000 | 1,181,000,000 |
total operating revenues | 6,881,000,000 | 6,804,000,000 | 6,250,000,000 | 5,898,000,000 | 5,983,000,000 | 6,631,000,000 | 5,941,000,000 | 5,986,000,000 | 5,861,000,000 | 7,041,000,000 | 5,888,000,000 | 5,290,000,000 | 6,209,000,000 | 5,370,000,000 | 5,394,000,000 | 5,118,000,000 | 5,798,000,000 | 5,246,000,000 | 5,465,000,000 | 5,215,000,000 | 4,716,000,000 | 4,748,000,000 | 4,882,000,000 | 4,533,000,000 | 4,306,000,000 | 4,743,000,000 | 4,432,000,000 | 3,943,000,000 | 4,011,000,000 | 4,088,000,000 | 4,381,000,000 | 4,234,000,000 | 4,056,000,000 | 4,100,000,000 | 4,517,000,000 | 4,250,000,000 | 4,268,000,000 | 4,713,000,000 | 4,810,000,000 | 4,169,000,000 | 3,974,000,000 | 4,167,000,000 | 4,550,000,000 | 4,217,000,000 | 3,899,000,000 | 4,308,000,000 | 4,939,000,000 | 3,952,000,000 | 3,891,000,000 | 3,975,000,000 | 4,175,000,000 | 3,776,000,000 | 3,672,000,000 | 2,802,500,000 | 3,976,000,000 | 3,593,000,000 | 3,641,000,000 | 921,000,000 | 3,684,000,000 | 3,597,000,000 | 2,555,000,000 | 3,513,000,000 | 3,232,000,000 | 3,475,000,000 | 2,465,000,000 | 3,235,000,000 | 3,194,000,000 | 3,431,000,000 | 2,746,250,000 | 3,674,000,000 | 3,578,000,000 | 3,733,000,000 | 2,455,250,000 | 3,279,000,000 | 3,187,000,000 | 3,356,000,000 |
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of electricity | 561,000,000 | 596,000,000 | 1,015,000,000 | 599,000,000 | 399,000,000 | 342,000,000 | 835,000,000 | 763,000,000 | 321,000,000 | 403,000,000 | 846,000,000 | 672,000,000 | 522,000,000 | 442,000,000 | 1,032,000,000 | 780,000,000 | 502,000,000 | 662,000,000 | 1,133,000,000 | 847,000,000 | 590,000,000 | 698,000,000 | 1,114,000,000 | 759,000,000 | 545,000,000 | 589,000,000 | 1,070,000,000 | 837,000,000 | 599,000,000 | 790,000,000 | 1,256,000,000 | 963,000,000 | 819,000,000 | 873,000,000 | 1,466,000,000 | 1,123,000,000 | 847,000,000 | 1,046,000,000 | 1,613,000,000 | 1,156,000,000 | 950,000,000 | 1,141,000,000 | 1,681,000,000 | 1,277,000,000 | 1,000,000,000 | 1,274,000,000 | 1,782,000,000 | 1,349,000,000 | 1,210,000,000 | 1,199,000,000 | 1,645,000,000 | 1,189,000,000 | 983,000,000 | 776,000,000 | 1,283,000,000 | 962,000,000 | 859,000,000 | 226,500,000 | 906,000,000 | 888,000,000 | 721,250,000 | 1,102,000,000 | 863,000,000 | 920,000,000 | 690,750,000 | 997,000,000 | 883,000,000 | 883,000,000 | 851,500,000 | 1,282,000,000 | 1,097,000,000 | 1,027,000,000 | 651,500,000 | 998,000,000 | 884,000,000 | 723,000,000 |
cost of natural gas | 470,000,000 | 369,000,000 | 131,000,000 | 111,000,000 | 496,000,000 | 370,000,000 | 89,000,000 | 204,000,000 | 529,000,000 | 406,000,000 | 158,000,000 | 274,000,000 | 916,000,000 | 923,000,000 | 257,000,000 | 359,000,000 | 561,000,000 | 479,000,000 | 176,000,000 | 187,000,000 | 307,000,000 | 274,000,000 | 90,000,000 | 134,000,000 | 284,000,000 | 219,000,000 | 68,000,000 | 108,000,000 | 339,000,000 | 234,000,000 | 69,000,000 | 79,000,000 | 289,000,000 | 222,000,000 | 78,000,000 | 121,000,000 | 325,000,000 | 238,000,000 | 80,000,000 | 75,000,000 | 222,000,000 | 221,000,000 | 50,000,000 | 118,000,000 | 274,000,000 | 260,000,000 | 134,000,000 | 200,000,000 | 360,000,000 | 312,000,000 | 131,000,000 | 179,000,000 | 346,000,000 | 148,250,000 | 118,000,000 | 132,000,000 | 343,000,000 | 64,500,000 | 258,000,000 | 508,000,000 | 231,000,000 | 182,000,000 | 247,000,000 | 495,000,000 | 219,750,000 | 134,000,000 | 188,000,000 | 557,000,000 | 403,250,000 | 351,000,000 | 487,000,000 | 775,000,000 | 357,750,000 | 281,000,000 | 396,000,000 | 754,000,000 |
operating and maintenance | 3,112,000,000 | 3,202,000,000 | 2,641,000,000 | 2,860,000,000 | 2,646,000,000 | 3,732,000,000 | 2,683,000,000 | 2,757,000,000 | 2,636,000,000 | 3,672,000,000 | 3,139,000,000 | 2,436,000,000 | 2,677,000,000 | 2,158,000,000 | 2,250,000,000 | 2,291,000,000 | 3,110,000,000 | 2,486,000,000 | 2,795,000,000 | 2,583,000,000 | 2,336,000,000 | 2,286,000,000 | 2,290,000,000 | 2,141,000,000 | 1,967,000,000 | 2,490,000,000 | 2,206,000,000 | 1,942,000,000 | 2,087,000,000 | 2,152,000,000 | 1,611,000,000 | 1,786,000,000 | 1,597,000,000 | 1,856,000,000 | 1,364,000,000 | 1,546,000,000 | 1,504,000,000 | 1,723,000,000 | 1,783,000,000 | 1,838,000,000 | 2,010,000,000 | 1,923,000,000 | 1,621,000,000 | 1,484,000,000 | 1,923,000,000 | 1,724,000,000 | 1,287,000,000 | 1,328,000,000 | 1,299,000,000 | 1,596,000,000 | 1,585,000,000 | 1,256,000,000 | 1,338,000,000 | 1,034,500,000 | 1,344,000,000 | 1,426,000,000 | 1,368,000,000 | 309,250,000 | 1,237,000,000 | 1,226,000,000 | 793,750,000 | 1,225,000,000 | 959,000,000 | 991,000,000 | 786,000,000 | 1,047,000,000 | 1,038,000,000 | 1,059,000,000 | 752,500,000 | 983,000,000 | 991,000,000 | 1,036,000,000 | 698,500,000 | 953,000,000 | 922,000,000 | 920,000,000 |
wildfire-related claims, net of recoveries | 1,000,000 | 50,000,000 | 49,000,000 | 24,000,000 | 74,000,000 | -3,000,000 | -1,000,000 | 99,000,000 | -32,000,000 | -1,000,000 | -2,000,000 | 84,000,000 | 9,000,000 | 145,000,000 | -1,000,000 | -3,000,000 | 94,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wildfire fund expense | 102,000,000 | 81,000,000 | 86,000,000 | 109,000,000 | 76,000,000 | 88,000,000 | 139,000,000 | 78,000,000 | 78,000,000 | 114,000,000 | 219,000,000 | 117,000,000 | 117,000,000 | 124,000,000 | 118,000,000 | 117,000,000 | 118,000,000 | 118,000,000 | 162,000,000 | 118,000,000 | 119,000,000 | 120,000,000 | 120,000,000 | 173,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization, and decommissioning | 1,166,000,000 | 1,332,000,000 | 1,132,000,000 | 1,073,000,000 | 1,097,000,000 | 1,055,000,000 | 1,059,000,000 | 1,053,000,000 | 1,022,000,000 | 853,000,000 | 811,000,000 | 997,000,000 | 1,077,000,000 | 941,000,000 | 1,002,000,000 | 941,000,000 | 972,000,000 | 863,000,000 | 801,000,000 | 851,000,000 | 888,000,000 | 894,000,000 | 845,000,000 | 874,000,000 | 855,000,000 | 801,000,000 | 840,000,000 | 796,000,000 | 797,000,000 | 779,000,000 | 759,000,000 | 746,000,000 | 752,000,000 | 720,000,000 | 710,000,000 | 712,000,000 | 712,000,000 | 665,000,000 | 694,000,000 | 699,000,000 | 697,000,000 | 677,000,000 | 653,000,000 | 651,000,000 | 631,000,000 | 667,000,000 | 671,000,000 | 557,000,000 | 538,000,000 | 535,000,000 | 523,000,000 | 516,000,000 | 503,000,000 | 451,750,000 | 617,000,000 | 606,000,000 | 584,000,000 | 147,750,000 | 591,000,000 | 491,000,000 | 355,000,000 | 501,000,000 | 468,000,000 | 451,000,000 | 324,500,000 | 450,000,000 | 429,000,000 | 419,000,000 | 310,000,000 | 419,000,000 | 419,000,000 | 402,000,000 | 331,250,000 | 465,000,000 | 430,000,000 | 430,000,000 |
total operating expenses | 5,411,000,000 | 5,580,000,000 | 5,041,000,000 | 4,802,000,000 | 4,763,000,000 | 5,611,000,000 | 4,912,000,000 | 4,852,000,000 | 4,585,000,000 | 5,906,000,000 | 5,487,000,000 | 4,784,000,000 | 5,580,000,000 | 5,240,000,000 | 4,668,000,000 | 4,673,000,000 | 5,262,000,000 | 4,605,000,000 | 5,161,000,000 | 4,581,000,000 | 4,412,000,000 | 4,328,000,000 | 4,484,000,000 | 4,251,000,000 | 3,651,000,000 | 9,086,000,000 | 6,732,000,000 | 7,583,000,000 | 3,822,000,000 | 13,618,000,000 | 3,685,000,000 | 5,699,000,000 | 3,457,000,000 | 3,671,000,000 | 3,618,000,000 | 3,502,000,000 | 3,388,000,000 | 3,672,000,000 | 4,170,000,000 | 3,768,000,000 | 3,879,000,000 | 3,962,000,000 | 4,005,000,000 | 3,530,000,000 | 3,828,000,000 | 3,925,000,000 | 3,874,000,000 | 3,434,000,000 | 3,407,000,000 | 3,642,000,000 | 3,884,000,000 | 3,140,000,000 | 3,170,000,000 | 2,410,500,000 | 3,362,000,000 | 3,126,000,000 | 3,154,000,000 | 748,000,000 | 2,992,000,000 | 3,113,000,000 | 2,101,000,000 | 3,010,000,000 | 2,537,000,000 | 2,857,000,000 | 2,021,000,000 | 2,628,000,000 | 2,538,000,000 | 2,918,000,000 | 2,317,250,000 | 3,035,000,000 | 2,994,000,000 | 3,240,000,000 | 2,039,000,000 | 2,697,000,000 | 2,632,000,000 | 2,827,000,000 |
operating income | 1,470,000,000 | 1,224,000,000 | 1,209,000,000 | 1,096,000,000 | 1,220,000,000 | 1,020,000,000 | 1,029,000,000 | 1,134,000,000 | 1,276,000,000 | 1,135,000,000 | 401,000,000 | 506,000,000 | 629,000,000 | 130,000,000 | 726,000,000 | 445,000,000 | 536,000,000 | 641,000,000 | 304,000,000 | 634,000,000 | 304,000,000 | 420,000,000 | 398,000,000 | 282,000,000 | 655,000,000 | -4,343,000,000 | -2,300,000,000 | -3,640,000,000 | 189,000,000 | -9,530,000,000 | 696,000,000 | -1,465,000,000 | 599,000,000 | 429,000,000 | 899,000,000 | 748,000,000 | 880,000,000 | 1,041,000,000 | 640,000,000 | 401,000,000 | 95,000,000 | 205,000,000 | 545,000,000 | 687,000,000 | 71,000,000 | 383,000,000 | 1,065,000,000 | 518,000,000 | 484,000,000 | 333,000,000 | 291,000,000 | 636,000,000 | 502,000,000 | 392,000,000 | 614,000,000 | 467,000,000 | 487,000,000 | 173,000,000 | 692,000,000 | 484,000,000 | 454,000,000 | 503,000,000 | 695,000,000 | 618,000,000 | 444,000,000 | 607,000,000 | 656,000,000 | 513,000,000 | 429,000,000 | 639,000,000 | 584,000,000 | 493,000,000 | 416,250,000 | 582,000,000 | 555,000,000 | 529,000,000 |
yoy | 20.49% | 20.00% | 17.49% | -3.35% | -4.39% | -10.13% | 156.61% | 124.11% | 102.86% | 773.08% | -44.77% | 13.71% | 17.35% | -79.72% | 138.82% | -29.81% | 76.32% | 52.62% | -23.62% | 124.82% | -53.59% | -109.67% | -117.30% | -107.75% | 246.56% | -54.43% | -430.46% | 148.46% | -68.45% | -2321.45% | -22.58% | -295.86% | -31.93% | -58.79% | 40.47% | 86.53% | 826.32% | 407.80% | 17.43% | -41.63% | 33.80% | -46.48% | -48.83% | 32.63% | -85.33% | 15.02% | 265.98% | -18.55% | -3.59% | -15.05% | -52.61% | 36.19% | 3.08% | 126.59% | -11.27% | -3.51% | 7.27% | -65.61% | -0.43% | -21.68% | 2.25% | -17.13% | 5.95% | 20.47% | 3.50% | -5.01% | 12.33% | 4.06% | 3.06% | 9.79% | 5.23% | -6.81% | ||||
qoq | 20.10% | 1.24% | 10.31% | -10.16% | 19.61% | -0.87% | -9.26% | -11.13% | 12.42% | 183.04% | -20.75% | -19.55% | 383.85% | -82.09% | 63.15% | -16.98% | -16.38% | 110.86% | -52.05% | 108.55% | -27.62% | 5.53% | 41.13% | -56.95% | -115.08% | 88.83% | -36.81% | -2025.93% | -101.98% | -1469.25% | -147.51% | -344.57% | 39.63% | -52.28% | 20.19% | -15.00% | -15.47% | 62.66% | 59.60% | 322.11% | -53.66% | -62.39% | -20.67% | 867.61% | -81.46% | -64.04% | 105.60% | 7.02% | 45.35% | 14.43% | -54.25% | 26.69% | 28.06% | -36.16% | 31.48% | -4.11% | 181.50% | -75.00% | 42.98% | 6.61% | -9.74% | -27.63% | 12.46% | 39.19% | -26.85% | -7.47% | 27.88% | 19.58% | -32.86% | 9.42% | 18.46% | 18.44% | -28.48% | 4.86% | 4.91% | |
interest income | 122,000,000 | 128,000,000 | 94,000,000 | 181,000,000 | 117,000,000 | 109,000,000 | 156,000,000 | 202,000,000 | 137,000,000 | 197,000,000 | 154,000,000 | 143,000,000 | 112,000,000 | 92,000,000 | 43,000,000 | 19,000,000 | 8,000,000 | 3,000,000 | 15,000,000 | 2,000,000 | 6,000,000 | 5,000,000 | 12,000,000 | 16,000,000 | 20,000,000 | 18,000,000 | 22,000,000 | 22,000,000 | 41,000,000 | 14,000,000 | 12,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | 5,000,000 | 6,000,000 | 8,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | -5,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | -2,000,000 | 3,000,000 | 2,000,000 | -6,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | -26,000,000 | 1,000,000 | 17,000,000 | 9,000,000 | -78,000,000 | 23,000,000 | 33,000,000 | 26,000,000 | -110,000,000 | 36,000,000 | 37,000,000 | 52,000,000 | |
interest expense | -803,000,000 | -732,000,000 | -770,000,000 | -792,000,000 | -734,000,000 | -729,000,000 | -795,000,000 | -812,000,000 | -715,000,000 | -926,000,000 | -682,000,000 | -640,000,000 | -602,000,000 | -562,000,000 | -525,000,000 | -411,000,000 | -419,000,000 | -396,000,000 | -399,000,000 | -398,000,000 | -408,000,000 | -416,000,000 | -391,000,000 | -199,000,000 | -254,000,000 | -719,000,000 | -52,000,000 | -60,000,000 | -103,000,000 | -251,000,000 | -232,000,000 | -226,000,000 | -220,000,000 | -225,000,000 | -220,000,000 | -225,000,000 | -218,000,000 | -208,000,000 | -211,000,000 | -207,000,000 | -203,000,000 | -198,000,000 | -194,000,000 | -192,000,000 | -189,000,000 | -187,000,000 | -174,000,000 | -188,000,000 | -185,000,000 | -183,000,000 | -179,000,000 | -177,000,000 | -176,000,000 | 506,000,000 | -178,000,000 | -176,000,000 | -174,000,000 | 152,000,000 | -174,000,000 | -177,000,000 | 475,000,000 | -167,000,000 | -175,000,000 | -168,000,000 | 490,000,000 | -174,000,000 | -178,000,000 | -181,000,000 | 520,000,000 | -178,000,000 | -185,000,000 | -187,000,000 | 540,000,000 | -196,000,000 | -185,000,000 | -190,000,000 |
other income | 116,000,000 | -69,000,000 | 97,000,000 | 84,000,000 | 70,000,000 | 59,000,000 | 83,000,000 | 82,000,000 | 76,000,000 | 59,000,000 | 62,000,000 | 66,000,000 | 85,000,000 | 148,000,000 | 118,000,000 | -21,000,000 | 149,000,000 | 70,000,000 | 132,000,000 | 128,000,000 | 127,000,000 | 184,000,000 | 102,000,000 | 100,000,000 | 97,000,000 | 51,000,000 | 62,000,000 | 66,000,000 | 71,000,000 | 106,000,000 | 104,000,000 | 106,000,000 | 108,000,000 | 13,000,000 | 25,000,000 | 13,000,000 | 21,000,000 | 17,000,000 | 24,000,000 | 23,000,000 | 27,000,000 | 17,000,000 | 24,000,000 | 18,000,000 | 58,000,000 | -28,000,000 | 36,000,000 | 43,000,000 | 19,000,000 | -38,000,000 | 26,000,000 | 24,000,000 | 28,000,000 | -123,000,000 | 26,000,000 | 32,000,000 | 26,000,000 | -38,000,000 | 21,000,000 | 17,000,000 | -21,000,000 | 29,000,000 | 2,000,000 | -6,000,000 | -52,000,000 | 23,000,000 | 22,000,000 | 18,000,000 | -32,000,000 | -17,000,000 | 1,000,000 | 2,000,000 | -28,000,000 | 7,000,000 | 10,000,000 | 4,000,000 |
income before income taxes | 905,000,000 | 551,000,000 | 630,000,000 | 569,000,000 | 673,000,000 | 459,000,000 | 473,000,000 | 606,000,000 | 774,000,000 | 465,000,000 | -65,000,000 | 75,000,000 | 224,000,000 | -192,000,000 | 362,000,000 | 32,000,000 | 274,000,000 | 318,000,000 | 37,000,000 | 368,000,000 | 25,000,000 | 172,000,000 | -23,000,000 | -1,429,000,000 | 338,000,000 | -5,081,000,000 | -2,345,000,000 | -3,668,000,000 | 52,000,000 | -9,634,000,000 | 582,000,000 | -1,573,000,000 | 496,000,000 | 226,000,000 | 713,000,000 | 544,000,000 | 688,000,000 | 856,000,000 | 461,000,000 | 222,000,000 | -77,000,000 | 27,000,000 | 377,000,000 | 516,000,000 | -59,000,000 | 170,000,000 | 929,000,000 | 375,000,000 | 321,000,000 | 115,000,000 | 140,000,000 | 485,000,000 | 356,000,000 | -371,000,000 | 464,000,000 | 326,000,000 | 340,000,000 | 272,000,000 | 542,000,000 | 326,000,000 | -265,000,000 | 368,000,000 | 524,000,000 | 446,000,000 | -135,000,000 | 457,000,000 | 517,000,000 | 359,000,000 | -110,000,000 | 467,000,000 | 433,000,000 | 334,000,000 | -267,000,000 | 429,000,000 | 417,000,000 | 395,000,000 |
income tax provision | 20,000,000 | 20,000,000 | 39,000,000 | 3,750,000 | -106,000,000 | 82,000,000 | 39,000,000 | -709,000,000 | -97,000,000 | -158,000,000 | 1,125,000,000 | -33,000,000 | -32,000,000 | -109,000,000 | 539,000,000 | -1,468,000,000 | -729,000,000 | -84,000,000 | -2,765,000,000 | 15,000,000 | -593,000,000 | 51,000,000 | 108,000,000 | 160,000,000 | 134,000,000 | 109,000,000 | 160,000,000 | 70,000,000 | 12,000,000 | -111,000,000 | 67,000,000 | 110,000,000 | -93,000,000 | 35,000,000 | 115,000,000 | 104,000,000 | 91,000,000 | 153,000,000 | 114,000,000 | 72,750,000 | 100,000,000 | 87,000,000 | 104,000,000 | 44,000,000 | 176,000,000 | 124,000,000 | 119,750,000 | 107,000,000 | 187,000,000 | 185,000,000 | 94,000,000 | 136,000,000 | 125,000,000 | 115,000,000 | 103,250,000 | 163,000,000 | 140,000,000 | 110,000,000 | 109,500,000 | 151,000,000 | 148,000,000 | 139,000,000 | ||||||||||||||
net income | 885,000,000 | 670,000,000 | 850,000,000 | 549,000,000 | 634,000,000 | 674,000,000 | 579,000,000 | 524,000,000 | 735,000,000 | 923,000,000 | 351,000,000 | 410,000,000 | 572,000,000 | 517,000,000 | 459,000,000 | 360,000,000 | 478,000,000 | 476,000,000 | -1,088,000,000 | 401,000,000 | 123,000,000 | 204,000,000 | 86,000,000 | -1,968,000,000 | 374,000,000 | -3,613,000,000 | -1,616,000,000 | -2,549,000,000 | 136,000,000 | -6,869,000,000 | 567,000,000 | -980,000,000 | 445,000,000 | 118,000,000 | 553,000,000 | 410,000,000 | 579,000,000 | 696,000,000 | 391,000,000 | 210,000,000 | 110,000,000 | 138,000,000 | 310,000,000 | 406,000,000 | 34,000,000 | 135,000,000 | 814,000,000 | 271,000,000 | 230,000,000 | 90,000,000 | 164,000,000 | 332,000,000 | 242,000,000 | -23,000,000 | 364,000,000 | 239,000,000 | 236,000,000 | 91,500,000 | 366,000,000 | 202,000,000 | 214,750,000 | 261,000,000 | 337,000,000 | 261,000,000 | 239,250,000 | 321,000,000 | 392,000,000 | 244,000,000 | 205,250,000 | 304,000,000 | 293,000,000 | 224,000,000 | 200,750,000 | 278,000,000 | 269,000,000 | 256,000,000 |
yoy | 39.59% | -0.59% | 46.80% | 4.77% | -13.74% | -26.98% | 64.96% | 27.80% | 28.50% | 78.53% | -23.53% | 13.89% | 19.67% | 8.61% | -142.19% | -10.22% | 288.62% | 133.33% | -1365.12% | -120.38% | -67.11% | -105.65% | -105.32% | -22.79% | 175.00% | -47.40% | -385.01% | 160.10% | -69.44% | -5921.19% | 2.53% | -339.02% | -23.14% | -83.05% | 41.43% | 95.24% | 426.36% | 404.35% | 26.13% | -48.28% | 223.53% | 2.22% | -61.92% | 49.82% | -85.22% | 50.00% | 396.34% | -18.37% | -4.96% | -491.30% | -54.95% | 38.91% | 2.54% | -125.14% | -0.55% | 18.32% | 9.90% | -64.94% | 8.61% | -22.61% | -10.24% | -18.69% | -14.03% | 6.97% | 16.57% | 5.59% | 33.79% | 8.93% | 2.24% | 9.35% | 8.92% | -12.50% | ||||
qoq | 32.09% | -21.18% | 54.83% | -13.41% | -5.93% | 16.41% | 10.50% | -28.71% | -20.37% | 162.96% | -14.39% | -28.32% | 10.64% | 12.64% | 27.50% | -24.69% | 0.42% | -143.75% | -371.32% | 226.02% | -39.71% | 137.21% | -104.37% | -626.20% | -110.35% | 123.58% | -36.60% | -1974.26% | -101.98% | -1311.46% | -157.86% | -320.22% | 277.12% | -78.66% | 34.88% | -29.19% | -16.81% | 78.01% | 86.19% | 90.91% | -20.29% | -55.48% | -23.65% | 1094.12% | -74.81% | -83.42% | 200.37% | 17.83% | 155.56% | -45.12% | -50.60% | 37.19% | -1152.17% | -106.32% | 52.30% | 1.27% | 157.92% | -75.00% | 81.19% | -5.94% | -17.72% | -22.55% | 29.12% | 9.09% | -25.47% | -18.11% | 60.66% | 18.88% | -32.48% | 3.75% | 30.80% | 11.58% | -27.79% | 3.35% | 5.08% | |
preferred stock dividend requirement | 27,000,000 | 28,000,000 | 27,000,000 | 28,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income available for common shareholders | 858,000,000 | 642,000,000 | 823,000,000 | 521,000,000 | 607,000,000 | 647,000,000 | 576,000,000 | 520,000,000 | 732,000,000 | 330,750,000 | 348,000,000 | 406,000,000 | 569,000,000 | 356,000,000 | 475,000,000 | 120,000,000 | 371,000,000 | 136,000,000 | -6,873,000,000 | 564,000,000 | -984,000,000 | 442,000,000 | 114,000,000 | 550,000,000 | 406,000,000 | 576,000,000 | 692,000,000 | 388,000,000 | 206,000,000 | 107,000,000 | 134,000,000 | 307,000,000 | 402,000,000 | 31,000,000 | 131,000,000 | 811,000,000 | 267,000,000 | 227,000,000 | 86,000,000 | 161,000,000 | 328,000,000 | 239,000,000 | 207,250,000 | 361,000,000 | 235,000,000 | 233,000,000 | 482,000,000 | 362,000,000 | 199,000,000 | 250,000,000 | 258,000,000 | 333,000,000 | 258,000,000 | 273,000,000 | 318,000,000 | 388,000,000 | 241,000,000 | |||||||||||||||||||
weighted-average common shares outstanding, basic | 2,199,000,000 | 2,197,000,000 | 2,198,000,000 | 2,198,000,000 | 2,195,000,000 | 2,141,000,000 | 2,137,000,000 | 2,137,000,000 | 2,134,000,000 | 2,064,000,000 | 2,111,000,000 | 2,019,000,000 | 1,991,000,000 | 1,987,000,000 | 1,987,000,000 | 1,987,000,000 | 1,986,000,000 | 1,985,000,000 | 1,985,000,000 | 1,985,000,000 | 1,985,000,000 | 1,257,000,000 | 1,967,000,000 | 529,000,000 | 529,000,000 | 528,000,000 | 529,000,000 | 529,000,000 | 526,000,000 | 517,000,000 | 517,000,000 | 516,000,000 | 515,000,000 | 512,000,000 | 513,000,000 | 511,000,000 | 508,000,000 | 499,000,000 | 501,000,000 | 497,000,000 | 493,000,000 | 484,000,000 | 486,000,000 | 480,000,000 | 477,000,000 | 468,000,000 | 472,000,000 | 467,000,000 | 459,000,000 | 444,000,000 | 446,000,000 | 442,000,000 | 434,000,000 | 424,000,000 | 428,000,000 | 423,000,000 | 414,000,000 | 401,000,000 | 399,000,000 | 396,000,000 | 382,000,000 | 390,000,000 | 373,000,000 | 371,000,000 | 368,000,000 | 370,000,000 | 368,000,000 | 364,000,000 | 357,000,000 | 357,000,000 | 356,000,000 | 355,000,000 | 351,000,000 | 352,000,000 | 350,000,000 | 349,000,000 |
weighted-average common shares outstanding, diluted | 2,281,000,000 | 2,202,000,000 | 2,281,000,000 | 2,203,000,000 | 2,200,000,000 | 2,147,000,000 | 2,143,000,000 | 2,142,000,000 | 2,139,000,000 | 2,138,000,000 | 2,140,000,000 | 2,139,000,000 | 2,132,000,000 | 2,132,000,000 | 2,132,000,000 | 2,141,000,000 | 2,134,000,000 | 1,985,000,000 | 1,985,000,000 | 2,146,000,000 | 2,131,000,000 | 1,257,000,000 | 2,140,000,000 | 529,000,000 | 648,000,000 | 528,000,000 | 529,000,000 | 529,000,000 | 527,000,000 | 517,000,000 | 517,000,000 | 516,000,000 | 516,000,000 | 513,000,000 | 516,000,000 | 513,000,000 | 511,000,000 | 501,000,000 | 503,000,000 | 498,000,000 | 495,000,000 | 487,000,000 | 489,000,000 | 483,000,000 | 481,000,000 | 470,000,000 | 474,000,000 | 469,000,000 | 460,000,000 | 445,000,000 | 447,000,000 | 443,000,000 | 435,000,000 | 425,000,000 | 429,000,000 | 425,000,000 | 416,000,000 | 402,000,000 | 400,000,000 | 397,000,000 | 392,000,000 | 392,000,000 | 390,000,000 | 389,000,000 | 386,000,000 | 388,000,000 | 369,000,000 | 366,000,000 | 358,000,000 | 358,000,000 | 357,000,000 | 356,000,000 | 353,000,000 | |||
net income per common share, basic | 390,000 | 290,000 | 370,000 | 240,000 | 280,000 | 300,000 | 270,000 | 240,000 | 340,000 | 440,000 | 160,000 | 200,000 | 290,000 | 260,000 | 230,000 | 180,000 | 240,000 | -72,500 | -550,000 | 200,000 | 700,000 | -1,912,500 | -3,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share, diluted | 390,000 | 290,000 | 370,000 | 240,000 | 280,000 | 300,000 | 270,000 | 240,000 | 340,000 | 430,000 | 160,000 | 190,000 | 270,000 | 240,000 | 210,000 | 170,000 | 220,000 | -72,500 | -550,000 | 180,000 | 570,000 | -1,912,500 | -3,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
sb 901 securitization charges | 35,000,000 | 33,000,000 | 359,000,000 | 346,000,000 | 289,000,000 | 273,000,000 | 568,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -40,250,000 | -220,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividend requirement of subsidiary | 2,500,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 2,500,000 | 3,000,000 | 4,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | 3,000,000 | 2,500,000 | 3,000,000 | 4,000,000 | 2,500,000 | 3,000,000 | 4,000,000 | ||||||||||||||||
income tax benefit | -274,750,000 | -416,000,000 | -335,000,000 | -348,000,000 | -328,000,000 | -204,000,000 | -98,000,000 | -36,000,000 | -1,119,000,000 | -187,000,000 | 60,750,000 | -24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | -11,000,000 | -22,000,000 | -137,000,000 | -1,624,000,000 | -176,000,000 | -90,000,000 | -73,000,000 | -56,000,000 | -127,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to common shareholders | 513,000,000 | 456,000,000 | -143,500,000 | -1,091,000,000 | 397,000,000 | -379,500,000 | 83,000,000 | -1,009,750,000 | -1,619,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wildfire-related claims, net of insurance recoveries | -5,000,000 | 172,000,000 | 56,000,000 | 25,000,000 | 170,000,000 | 4,987,000,000 | 2,548,000,000 | 3,900,000,000 | 9,663,000,000 | -10,000,000 | 2,125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per common share, basic | 60,000 | -375,000 | 40,000 | 250,000 | -13,290,000 | 1,090,000 | -1,910,000 | 860,000 | 210,000 | 1,070,000 | 790,000 | 1,130,000 | 1,380,000 | 770,000 | 410,000 | 220,000 | 270,000 | 630,000 | 840,000 | 60,000 | 270,000 | 1,720,000 | 570,000 | 490,000 | 180,000 | 360,000 | 740,000 | 550,000 | -40,000 | 840,000 | 560,000 | 560,000 | 227,500 | 910,000 | 500,000 | 555,000 | 660,000 | 880,000 | 690,000 | 632,500 | 840,000 | 1,030,000 | 650,000 | 562,500 | 830,000 | 800,000 | 620,000 | 557,500 | 770,000 | 750,000 | 710,000 | |||||||||||||||||||||||||
net earnings per common share, diluted | 60,000 | -375,000 | 40,000 | 250,000 | -13,290,000 | 1,090,000 | -1,910,000 | 860,000 | 230,000 | 1,070,000 | 790,000 | 1,130,000 | 1,380,000 | 770,000 | 410,000 | 220,000 | 260,000 | 630,000 | 830,000 | 60,000 | 270,000 | 1,710,000 | 570,000 | 490,000 | 180,000 | 360,000 | 740,000 | 550,000 | -40,000 | 840,000 | 550,000 | 560,000 | 227,500 | 910,000 | 500,000 | 547,500 | 660,000 | 860,000 | 670,000 | 622,500 | 830,000 | 1,020,000 | 650,000 | 560,000 | 830,000 | 800,000 | 620,000 | 555,000 | 770,000 | 740,000 | 710,000 | |||||||||||||||||||||||||
loss attributable to common shareholders | -1,972,000,000 | -2,553,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share, basic | -3,730,000 | -4,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share, diluted | -3,730,000 | -4,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 387,500 | 530,000 | 530,000 | 490,000 | 360,000 | 490,000 | 490,000 | 460,000 | 342,500 | 460,000 | 460,000 | 460,000 | 342,500 | 460,000 | 460,000 | 460,000 | 342,500 | 460,000 | 460,000 | 460,000 | 342,500 | 460,000 | 460,000 | 460,000 | 115,000 | 460,000 | 460,000 | 342,500 | 460,000 | 460,000 | 460,000 | 315,000 | 420,000 | 420,000 | 420,000 | 292,500 | 390,000 | 390,000 | 390,000 | 270,000 | 360,000 | 360,000 | 360,000 | |||||||||||||||||||||||||||||||||
preferred dividend requirement of subsidiary | 3,000,000 | 3,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2007-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,131,000,000 | 713,000,000 | 404,000,000 | 494,000,000 | 2,023,000,000 | 940,000,000 | 895,000,000 | 1,315,000,000 | 658,000,000 | 635,000,000 | 589,000,000 | 805,000,000 | 1,028,000,000 | 125,000,000 | 262,000,000 | 239,000,000 | 247,000,000 | 126,000,000 | 420,000,000 | 307,000,000 | 229,000,000 | 223,000,000 | 464,000,000 | 968,000,000 | 1,960,000,000 | 448,000,000 | 2,970,000,000 | 3,459,000,000 | 2,964,000,000 | 373,000,000 | 430,000,000 | 517,000,000 | 144,000,000 | 2,000,000 | 191,000,000 | 178,000,000 | 164,000,000 | 106,000,000 | 71,000,000 | 189,000,000 | 142,000,000 | 64,000,000 | 154,000,000 | 249,000,000 | 145,000,000 | 96,000,000 | 139,000,000 | 132,000,000 | 108,000,000 | 296,000,000 | 281,000,000 | 281,000,000 | 278,000,000 | 207,000,000 | 296,000,000 | 292,000,000 | 257,000,000 | 277,000,000 | 350,000,000 | 240,000,000 | 240,000,000 | 347,000,000 | 265,000,000 | 258,000,000 | 193,000,000 | 700,000,000 | 338,000,000 | 271,000,000 | 167,000,000 | 204,000,000 |
restricted cash and restricted cash equivalents | 359,000,000 | 259,000,000 | 368,000,000 | 221,000,000 | 383,000,000 | 273,000,000 | 335,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers | 1,928,000,000 | 2,267,000,000 | 2,343,000,000 | 2,025,000,000 | 2,133,000,000 | 2,220,000,000 | 2,302,000,000 | 1,982,000,000 | 2,160,000,000 | 2,048,000,000 | 2,178,000,000 | 2,107,000,000 | 2,568,000,000 | 2,726,000,000 | 2,203,000,000 | 2,080,000,000 | 1,817,000,000 | 1,909,000,000 | 1,835,000,000 | 1,775,000,000 | 1,419,000,000 | 1,319,000,000 | 1,397,000,000 | 1,260,000,000 | 1,319,000,000 | 1,297,000,000 | 1,169,000,000 | 1,222,000,000 | 943,000,000 | 1,185,000,000 | 937,000,000 | 926,000,000 | 1,011,000,000 | 894,000,000 | 922,000,000 | 989,000,000 | 846,000,000 | 1,528,000,000 | 1,609,000,000 | 1,481,000,000 | 1,490,000,000 | |||||||||||||||||||||||||||||
accrued unbilled revenue | 1,436,000,000 | 1,463,000,000 | 1,633,000,000 | 1,862,000,000 | 1,409,000,000 | 1,487,000,000 | 1,593,000,000 | 2,038,000,000 | 1,323,000,000 | 1,254,000,000 | 1,305,000,000 | 810,000,000 | 1,201,000,000 | 1,150,000,000 | 962,000,000 | 1,070,000,000 | 1,140,000,000 | 1,134,000,000 | 991,000,000 | 1,078,000,000 | 1,061,000,000 | 946,000,000 | 1,023,000,000 | 991,000,000 | 838,000,000 | 962,000,000 | 995,000,000 | 851,000,000 | 972,000,000 | 988,000,000 | 773,000,000 | 956,000,000 | 957,000,000 | 685,000,000 | 907,000,000 | 936,000,000 | 651,000,000 | 865,000,000 | 870,000,000 | 638,000,000 | 766,000,000 | 809,000,000 | 766,000,000 | 600,000,000 | 779,000,000 | 747,000,000 | 614,000,000 | 737,000,000 | 691,000,000 | 616,000,000 | 752,000,000 | 722,000,000 | 638,000,000 | 807,000,000 | 757,000,000 | 645,000,000 | ||||||||||||||
regulatory balancing accounts | 5,025,000,000 | 6,300,000,000 | 4,827,000,000 | 5,657,000,000 | 5,852,000,000 | 7,227,000,000 | 7,150,000,000 | 6,698,000,000 | 6,442,000,000 | 5,660,000,000 | 4,954,000,000 | 5,383,000,000 | 3,392,000,000 | 3,037,000,000 | 3,870,000,000 | 3,165,000,000 | 2,905,000,000 | 2,759,000,000 | 2,249,000,000 | 2,608,000,000 | 2,638,000,000 | 2,102,000,000 | 1,919,000,000 | 1,884,000,000 | 1,497,000,000 | 1,326,000,000 | 1,563,000,000 | 1,367,000,000 | 1,478,000,000 | 1,565,000,000 | 1,655,000,000 | 1,475,000,000 | 1,697,000,000 | 1,721,000,000 | 1,857,000,000 | 2,204,000,000 | 2,227,000,000 | 1,955,000,000 | 1,745,000,000 | 1,707,000,000 | 1,124,000,000 | 1,004,000,000 | 1,205,000,000 | 1,241,000,000 | 908,000,000 | 1,351,000,000 | 1,425,000,000 | 1,063,000,000 | 1,490,000,000 | 1,293,000,000 | 1,118,000,000 | 1,369,000,000 | 1,468,000,000 | 882,000,000 | 1,304,000,000 | 1,372,000,000 | ||||||||||||||
other | 1,810,000,000 | 1,719,000,000 | 1,871,000,000 | 2,095,000,000 | 1,879,000,000 | 1,810,000,000 | 1,639,000,000 | 1,405,000,000 | 1,509,000,000 | 1,494,000,000 | 1,179,000,000 | 1,014,000,000 | 1,381,000,000 | 2,261,000,000 | 1,946,000,000 | 1,695,000,000 | 2,022,000,000 | 1,323,000,000 | 1,157,000,000 | 1,075,000,000 | 2,618,000,000 | 2,613,000,000 | 2,627,000,000 | 2,610,000,000 | 2,695,000,000 | 17,000,000 | 902,000,000 | 1,027,000,000 | 652,000,000 | 23,000,000 | 992,000,000 | 760,000,000 | 799,000,000 | 274,000,000 | 475,000,000 | 567,000,000 | 328,000,000 | 1,000,000 | 303,000,000 | 352,000,000 | 314,000,000 | 38,000,000 | 328,000,000 | 304,000,000 | 323,000,000 | 312,000,000 | 286,000,000 | 272,000,000 | 298,000,000 | 1,000,000 | 665,000,000 | 412,000,000 | 817,000,000 | 820,000,000 | 864,000,000 | 814,000,000 | 2,000,000 | 786,000,000 | 759,000,000 | 14,000,000 | 4,000,000 | 15,000,000 | 13,000,000 | 17,000,000 | 4,000,000 | 9,000,000 | ||||
regulatory assets | 230,000,000 | 305,000,000 | 323,000,000 | 302,000,000 | 212,000,000 | 234,000,000 | 244,000,000 | 258,000,000 | 256,000,000 | 300,000,000 | 355,000,000 | 309,000,000 | 305,000,000 | 317,000,000 | 438,000,000 | 384,000,000 | 724,000,000 | 622,000,000 | 410,000,000 | 346,000,000 | 377,000,000 | 373,000,000 | 314,000,000 | 212,000,000 | 235,000,000 | 229,000,000 | 194,000,000 | 646,000,000 | 573,000,000 | 522,000,000 | 486,000,000 | 370,000,000 | 464,000,000 | 504,000,000 | 475,000,000 | 441,000,000 | 451,000,000 | 391,000,000 | 404,000,000 | 418,000,000 | 448,000,000 | 483,000,000 | 508,000,000 | 486,000,000 | 567,000,000 | 793,000,000 | 1,024,000,000 | 680,000,000 | 644,000,000 | 580,000,000 | 5,702,000,000 | 5,610,000,000 | 5,602,000,000 | 5,931,000,000 | 5,969,000,000 | 6,087,000,000 | ||||||||||||||
inventories | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas stored underground and fuel oil | 68,000,000 | 75,000,000 | 74,000,000 | 73,000,000 | 45,000,000 | 52,000,000 | 51,000,000 | 56,000,000 | 44,000,000 | 65,000,000 | 66,000,000 | 55,000,000 | 34,000,000 | 82,000,000 | 74,000,000 | 29,000,000 | 47,000,000 | 44,000,000 | 17,000,000 | 94,000,000 | 89,000,000 | 77,000,000 | 110,000,000 | 99,000,000 | 72,000,000 | 116,000,000 | 107,000,000 | 79,000,000 | 138,000,000 | 132,000,000 | 96,000,000 | 134,000,000 | 123,000,000 | 109,000,000 | 149,000,000 | 141,000,000 | 108,000,000 | 189,000,000 | 141,000,000 | 78,000,000 | 137,000,000 | 184,000,000 | 148,000,000 | 73,000,000 | 158,000,000 | 129,000,000 | 97,000,000 | 198,000,000 | 143,000,000 | 78,000,000 | 192,000,000 | 142,000,000 | 59,000,000 | 141,000,000 | 107,000,000 | 62,000,000 | ||||||||||||||
materials and supplies | 763,000,000 | 745,000,000 | 689,000,000 | 713,000,000 | 744,000,000 | 768,000,000 | 761,000,000 | 767,000,000 | 777,000,000 | 805,000,000 | 822,000,000 | 833,000,000 | 801,000,000 | 666,000,000 | 615,000,000 | 589,000,000 | 522,000,000 | 521,000,000 | 533,000,000 | 552,000,000 | 564,000,000 | 567,000,000 | 525,000,000 | 509,000,000 | 464,000,000 | 389,000,000 | 380,000,000 | 374,000,000 | 360,000,000 | 369,000,000 | 369,000,000 | 343,000,000 | 346,000,000 | 344,000,000 | 322,000,000 | 315,000,000 | 310,000,000 | 308,000,000 | 320,000,000 | 314,000,000 | 317,000,000 | 316,000,000 | 327,000,000 | 316,000,000 | 296,000,000 | 286,000,000 | 273,000,000 | 219,000,000 | 213,000,000 | 214,000,000 | 187,000,000 | 192,000,000 | 196,000,000 | 204,000,000 | 204,000,000 | 195,000,000 | ||||||||||||||
wildfire fund asset | 295,000,000 | 297,000,000 | 298,000,000 | 298,000,000 | 301,000,000 | 301,000,000 | 301,000,000 | 305,000,000 | 305,000,000 | 450,000,000 | 450,000,000 | 460,000,000 | 460,000,000 | 461,000,000 | 461,000,000 | 461,000,000 | 461,000,000 | 464,000,000 | 464,000,000 | 465,000,000 | 466,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
wildfire self-insurance asset | 1,050,000,000 | 1,043,000,000 | 1,000,000,000 | 969,000,000 | 939,000,000 | 905,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 14,799,000,000 | 15,830,000,000 | 14,393,000,000 | 15,161,000,000 | 16,893,000,000 | 17,216,000,000 | 17,547,000,000 | 16,739,000,000 | 15,231,000,000 | 14,383,000,000 | 12,809,000,000 | 12,681,000,000 | 12,297,000,000 | 193,000,000 | 12,210,000,000 | 11,674,000,000 | 10,376,000,000 | 169,000,000 | 11,527,000,000 | 10,289,000,000 | 9,067,000,000 | 296,000,000 | 9,798,000,000 | 25,013,000,000 | 10,558,000,000 | 591,000,000 | 11,577,000,000 | 11,577,000,000 | 10,693,000,000 | 435,000,000 | 6,349,000,000 | 6,367,000,000 | 5,855,000,000 | 53,000,000 | 6,383,000,000 | 6,071,000,000 | 5,980,000,000 | 155,000,000 | 5,749,000,000 | 6,135,000,000 | 5,634,000,000 | 111,000,000 | 6,131,000,000 | 6,446,000,000 | 6,026,000,000 | 194,000,000 | 6,071,000,000 | 6,197,000,000 | 5,892,000,000 | 5,977,000,000 | 5,522,000,000 | 5,442,000,000 | 4,892,000,000 | 266,000,000 | 5,593,000,000 | 5,540,000,000 | 6,166,000,000 | 5,877,000,000 | 6,122,000,000 | 5,471,000,000 | 271,000,000 | 5,751,000,000 | 5,612,000,000 | 5,621,000,000 | 230,000,000 | 5,610,000,000 | 6,428,000,000 | 6,197,000,000 | 357,000,000 | 283,000,000 |
property, plant, and equipment | 131,319,000,000 | 128,989,000,000 | 125,271,000,000 | 123,445,000,000 | 120,256,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction work in progress | 4,754,000,000 | 4,627,000,000 | 5,082,000,000 | 4,636,000,000 | 4,635,000,000 | 4,458,000,000 | 4,975,000,000 | 4,752,000,000 | 4,466,000,000 | 4,452,000,000 | 4,580,000,000 | 4,143,000,000 | 4,280,000,000 | 4,122,000,000 | 3,842,000,000 | 3,666,000,000 | 3,186,000,000 | 2,778,000,000 | 2,895,000,000 | 2,941,000,000 | 2,615,000,000 | 2,670,000,000 | 2,689,000,000 | 2,563,000,000 | 2,525,000,000 | 2,855,000,000 | 2,643,000,000 | 2,562,000,000 | 2,421,000,000 | 2,311,000,000 | 2,446,000,000 | 2,117,000,000 | 2,096,000,000 | 2,148,000,000 | 2,259,000,000 | 2,075,000,000 | 2,115,000,000 | 2,305,000,000 | 1,981,000,000 | 1,888,000,000 | 1,834,000,000 | 1,996,000,000 | 2,030,000,000 | 2,100,000,000 | 2,095,000,000 | 1,858,000,000 | 2,011,000,000 | 1,623,000,000 | 1,547,000,000 | 1,369,000,000 | 2,180,000,000 | 2,149,000,000 | 1,993,000,000 | 1,767,000,000 | 1,523,000,000 | 1,644,000,000 | ||||||||||||||
financing lease rou asset and other | 2,000,000 | 9,000,000 | 7,000,000 | 814,000,000 | 814,000,000 | 815,000,000 | 786,000,000 | 784,000,000 | 787,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property, plant, and equipment | 136,073,000,000 | 133,618,000,000 | 130,362,000,000 | 128,088,000,000 | 125,705,000,000 | 123,534,000,000 | 120,973,000,000 | 119,638,000,000 | 117,369,000,000 | 115,414,000,000 | 113,671,000,000 | 110,972,000,000 | 108,911,000,000 | 105,513,000,000 | 103,736,000,000 | 101,161,000,000 | 98,082,000,000 | 97,119,000,000 | 95,522,000,000 | 92,096,000,000 | 90,838,000,000 | 89,485,000,000 | 87,247,000,000 | 85,978,000,000 | 84,457,000,000 | 80,515,000,000 | 79,442,000,000 | 78,152,000,000 | 75,509,000,000 | 74,560,000,000 | 73,567,000,000 | 71,035,000,000 | 70,093,000,000 | 69,106,000,000 | 65,821,000,000 | 64,972,000,000 | 63,975,000,000 | 61,889,000,000 | 61,013,000,000 | 60,026,000,000 | 59,096,000,000 | 57,317,000,000 | 56,420,000,000 | 55,243,000,000 | 52,011,000,000 | 51,348,000,000 | 50,356,000,000 | 48,458,000,000 | 47,691,000,000 | 46,933,000,000 | 45,347,000,000 | 44,542,000,000 | 43,748,000,000 | 42,181,000,000 | 41,503,000,000 | 40,632,000,000 | ||||||||||||||
accumulated depreciation | -37,849,000,000 | -37,270,000,000 | -36,565,000,000 | -36,288,000,000 | -36,034,000,000 | -35,305,000,000 | -34,594,000,000 | -34,396,000,000 | -33,718,000,000 | -33,093,000,000 | -32,625,000,000 | -32,199,000,000 | -31,591,000,000 | -30,438,000,000 | -30,241,000,000 | -29,656,000,000 | -2,000,000 | -28,691,000,000 | -28,775,000,000 | -28,261,000,000 | -2,000,000 | -27,426,000,000 | -27,437,000,000 | -26,987,000,000 | -2,000,000 | -25,923,000,000 | -25,727,000,000 | -25,220,000,000 | -2,000,000 | -24,310,000,000 | -24,288,000,000 | -23,811,000,000 | -22,986,000,000 | -22,924,000,000 | -22,487,000,000 | -21,605,000,000 | -21,496,000,000 | -21,062,000,000 | -20,174,000,000 | -19,962,000,000 | -19,534,000,000 | -1,000,000 | -18,717,000,000 | -18,530,000,000 | -18,209,000,000 | -17,844,000,000 | -17,560,000,000 | -17,353,000,000 | -16,961,000,000 | -1,000,000 | -16,361,000,000 | -16,446,000,000 | -16,107,000,000 | -15,626,000,000 | -15,564,000,000 | -15,061,000,000 | -14,000,000 | -14,672,000,000 | -14,559,000,000 | -14,371,000,000 | -13,000,000 | -13,997,000,000 | -13,904,000,000 | -13,709,000,000 | -15,000,000 | -15,000,000 | ||||
net property, plant, and equipment | 98,224,000,000 | 96,348,000,000 | 93,797,000,000 | 91,800,000,000 | 89,671,000,000 | 88,229,000,000 | 86,379,000,000 | 85,242,000,000 | 83,651,000,000 | 82,321,000,000 | 81,046,000,000 | 78,773,000,000 | 77,320,000,000 | 75,075,000,000 | 73,495,000,000 | 71,505,000,000 | 69,391,000,000 | 68,344,000,000 | 67,261,000,000 | 64,670,000,000 | 63,401,000,000 | 62,498,000,000 | 61,324,000,000 | 60,251,000,000 | 59,237,000,000 | 56,205,000,000 | 55,154,000,000 | 54,341,000,000 | 52,523,000,000 | 51,636,000,000 | 51,080,000,000 | 49,430,000,000 | 48,597,000,000 | 48,044,000,000 | 45,647,000,000 | 45,010,000,000 | 44,441,000,000 | 43,172,000,000 | 42,483,000,000 | 41,817,000,000 | 41,252,000,000 | 39,757,000,000 | 39,067,000,000 | 38,282,000,000 | 35,650,000,000 | 34,902,000,000 | 34,249,000,000 | 32,832,000,000 | 32,127,000,000 | 31,872,000,000 | 30,675,000,000 | 29,983,000,000 | 29,377,000,000 | 28,184,000,000 | 27,599,000,000 | 26,923,000,000 | ||||||||||||||
other noncurrent assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customer credit trust | 691,000,000 | 804,000,000 | 902,000,000 | 935,000,000 | 949,000,000 | 377,000,000 | 446,000,000 | 505,000,000 | 507,000,000 | 233,000,000 | 319,000,000 | 476,000,000 | 602,000,000 | 874,000,000 | 478,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
nuclear decommissioning trusts | 4,185,000,000 | 4,230,000,000 | 4,190,000,000 | 4,022,000,000 | 3,854,000,000 | 3,833,000,000 | 3,912,000,000 | 3,740,000,000 | 3,710,000,000 | 3,574,000,000 | 3,410,000,000 | 3,524,000,000 | 3,438,000,000 | 3,149,000,000 | 3,291,000,000 | 3,635,000,000 | 3,670,000,000 | 3,697,000,000 | 3,592,000,000 | 3,318,000,000 | 3,196,000,000 | 2,911,000,000 | 3,061,000,000 | 3,016,000,000 | 2,932,000,000 | 2,917,000,000 | 2,828,000,000 | 2,842,000,000 | 2,793,000,000 | 2,733,000,000 | 2,701,000,000 | 2,597,000,000 | 2,546,000,000 | 2,516,000,000 | 2,417,000,000 | 2,504,000,000 | 2,526,000,000 | 2,399,000,000 | 2,428,000,000 | 2,351,000,000 | 2,342,000,000 | 2,272,000,000 | 2,214,000,000 | 2,233,000,000 | 2,155,000,000 | 2,106,000,000 | 2,134,000,000 | 1,964,000,000 | 2,069,000,000 | 2,054,000,000 | 1,977,000,000 | 1,854,000,000 | ||||||||||||||||||
operating lease rou asset | 498,000,000 | 450,000,000 | 462,000,000 | 500,000,000 | 513,000,000 | 524,000,000 | 546,000,000 | 573,000,000 | 585,000,000 | 598,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other noncurrent assets | 28,930,000,000 | 29,433,000,000 | 30,059,000,000 | 29,423,000,000 | 28,879,000,000 | 28,215,000,000 | 28,393,000,000 | 28,807,000,000 | 28,763,000,000 | 28,994,000,000 | 29,154,000,000 | 29,251,000,000 | 29,995,000,000 | 29,727,000,000 | 28,372,000,000 | 22,050,000,000 | 22,643,000,000 | 21,861,000,000 | 22,230,000,000 | 21,119,000,000 | 20,815,000,000 | 13,632,000,000 | 12,812,000,000 | 12,559,000,000 | 12,357,000,000 | 8,831,000,000 | 8,368,000,000 | 7,958,000,000 | 12,620,000,000 | 12,348,000,000 | 12,104,000,000 | 11,386,000,000 | 11,195,000,000 | 10,972,000,000 | 10,211,000,000 | 10,175,000,000 | 10,080,000,000 | 8,641,000,000 | 8,345,000,000 | 8,278,000,000 | 8,376,000,000 | 9,935,000,000 | 9,815,000,000 | 9,888,000,000 | 9,625,000,000 | 9,673,000,000 | 9,773,000,000 | 8,808,000,000 | 9,069,000,000 | 8,916,000,000 | 8,827,000,000 | 8,623,000,000 | 8,542,000,000 | 8,757,000,000 | 8,170,000,000 | 8,215,000,000 | ||||||||||||||
total assets | 141,953,000,000 | 141,611,000,000 | 138,249,000,000 | 136,384,000,000 | 135,443,000,000 | 133,660,000,000 | 132,319,000,000 | 130,788,000,000 | 127,645,000,000 | 125,698,000,000 | 123,009,000,000 | 120,705,000,000 | 119,612,000,000 | 33,797,000,000 | 117,012,000,000 | 113,541,000,000 | 103,931,000,000 | 30,879,000,000 | 103,561,000,000 | 100,494,000,000 | 98,558,000,000 | 25,966,000,000 | 95,587,000,000 | 109,229,000,000 | 86,688,000,000 | 6,059,000,000 | 85,713,000,000 | 84,387,000,000 | 82,287,000,000 | 13,506,000,000 | 71,385,000,000 | 69,889,000,000 | 68,154,000,000 | 19,906,000,000 | 71,526,000,000 | 70,055,000,000 | 69,164,000,000 | 18,727,000,000 | 66,565,000,000 | 65,927,000,000 | 64,650,000,000 | 17,328,000,000 | 61,989,000,000 | 61,631,000,000 | 60,547,000,000 | 16,575,000,000 | 57,884,000,000 | 57,025,000,000 | 55,987,000,000 | 55,605,000,000 | 55,214,000,000 | 54,324,000,000 | 53,062,000,000 | 13,939,000,000 | 50,868,000,000 | 50,115,000,000 | 50,188,000,000 | 47,517,000,000 | 47,318,000,000 | 46,259,000,000 | 12,096,000,000 | 45,253,000,000 | 44,218,000,000 | 43,540,000,000 | 11,286,000,000 | 42,551,000,000 | 42,197,000,000 | 41,335,000,000 | 10,021,000,000 | 9,318,000,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 1,675,000,000 | 2,675,000,000 | 1,025,000,000 | 1,524,000,000 | 1,524,000,000 | 1,523,000,000 | 2,022,000,000 | 4,972,000,000 | 2,818,000,000 | 3,971,000,000 | 580,000,000 | 125,000,000 | 1,295,000,000 | 1,795,000,000 | 2,134,000,000 | 1,854,000,000 | 2,470,000,000 | 2,119,000,000 | 1,448,000,000 | 2,432,000,000 | 300,000,000 | 300,000,000 | 750,000,000 | 1,450,000,000 | 967,000,000 | 132,000,000 | 869,000,000 | 1,180,000,000 | 763,000,000 | 1,145,000,000 | 1,529,000,000 | 693,000,000 | 881,000,000 | 1,016,000,000 | 856,000,000 | 426,000,000 | 1,452,000,000 | 930,000,000 | 1,174,000,000 | 953,000,000 | 952,000,000 | 489,000,000 | 120,000,000 | 397,000,000 | 1,079,000,000 | 1,401,000,000 | 1,137,000,000 | 1,210,000,000 | 1,288,000,000 | 1,076,000,000 | 1,057,000,000 | 1,251,000,000 | 500,000,000 | 743,000,000 | 385,000,000 | |||||||||||||||
long-term debt, classified as current | 622,000,000 | 821,000,000 | 2,769,000,000 | 3,643,000,000 | 4,699,000,000 | 2,146,000,000 | 2,128,000,000 | 1,578,000,000 | 926,000,000 | 1,376,000,000 | 3,599,000,000 | 3,749,000,000 | 3,726,000,000 | 27,000,000 | 1,030,000,000 | 1,995,000,000 | 4,553,000,000 | 27,000,000 | 4,518,000,000 | 4,514,000,000 | 1,522,000,000 | 28,000,000 | 450,000,000 | 350,000,000 | 193,000,000 | 193,000,000 | 394,000,000 | 700,000,000 | 700,000,000 | 700,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 889,000,000 | 1,288,000,000 | 1,288,000,000 | 1,399,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 922,000,000 | 500,000,000 | 595,000,000 | 842,000,000 | 342,000,000 | 252,000,000 | ||||||||||||||||||||||||
accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade creditors | 2,836,000,000 | 3,353,000,000 | 3,019,000,000 | 2,663,000,000 | 2,521,000,000 | 2,748,000,000 | 2,395,000,000 | 2,149,000,000 | 2,147,000,000 | 2,309,000,000 | 2,689,000,000 | 2,366,000,000 | 2,324,000,000 | 2,964,000,000 | 3,029,000,000 | 2,389,000,000 | 2,697,000,000 | 2,250,000,000 | 2,141,000,000 | 2,756,000,000 | 3,399,000,000 | 1,851,000,000 | 1,844,000,000 | 1,679,000,000 | 867,000,000 | 1,699,000,000 | 1,477,000,000 | 1,231,000,000 | 1,419,000,000 | 1,389,000,000 | 1,117,000,000 | 1,370,000,000 | 1,313,000,000 | 1,062,000,000 | 1,286,000,000 | 1,178,000,000 | 1,007,000,000 | 1,192,000,000 | 1,161,000,000 | 1,072,000,000 | 1,293,000,000 | 1,303,000,000 | 1,155,000,000 | 1,043,000,000 | 1,054,000,000 | 1,000,000,000 | 873,000,000 | 1,154,000,000 | 1,103,000,000 | 974,000,000 | 943,000,000 | 920,000,000 | 882,000,000 | 864,000,000 | 863,000,000 | 839,000,000 | ||||||||||||||
operating lease liabilities | 89,000,000 | 90,000,000 | 87,000,000 | 88,000,000 | 87,000,000 | 85,000,000 | 83,000,000 | 81,000,000 | 80,000,000 | 80,000,000 | 85,000,000 | 136,000,000 | 177,000,000 | 328,000,000 | 454,000,000 | 466,000,000 | 461,000,000 | 415,000,000 | 534,000,000 | 3,000,000 | 536,000,000 | 551,000,000 | 554,000,000 | 3,000,000 | 553,000,000 | 546,000,000 | 539,000,000 | |||||||||||||||||||||||||||||||||||||||||||
interest payable | 710,000,000 | 764,000,000 | 657,000,000 | 767,000,000 | 688,000,000 | 760,000,000 | 651,000,000 | 723,000,000 | 581,000,000 | 679,000,000 | 592,000,000 | 662,000,000 | 566,000,000 | 439,000,000 | 552,000,000 | 331,000,000 | 305,000,000 | 480,000,000 | 290,000,000 | 327,000,000 | 1,363,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 1,000,000 | 151,000,000 | 209,000,000 | 145,000,000 | 163,000,000 | 220,000,000 | 168,000,000 | 144,000,000 | 214,000,000 | 145,000,000 | 140,000,000 | 203,000,000 | 150,000,000 | 149,000,000 | 865,000,000 | 862,000,000 | 892,000,000 | 852,000,000 | 877,000,000 | 831,000,000 | 821,000,000 | 851,000,000 | 798,000,000 | 789,000,000 | 827,000,000 | 784,000,000 | 787,000,000 | 839,000,000 | 795,000,000 | 794,000,000 | 842,000,000 | 778,000,000 | ||||||||||||||
wildfire-related claims | 380,000,000 | 524,000,000 | 492,000,000 | 787,000,000 | 750,000,000 | 916,000,000 | 993,000,000 | 939,000,000 | 1,169,000,000 | 1,422,000,000 | 1,508,000,000 | 1,256,000,000 | 1,515,000,000 | 2,194,000,000 | 2,187,000,000 | 2,091,000,000 | 2,758,000,000 | 1,668,000,000 | 1,692,000,000 | 1,975,000,000 | 26,143,000,000 | 100,000,000 | 2,794,000,000 | 2,860,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 12,345,000,000 | 16,300,000,000 | 15,295,000,000 | 16,185,000,000 | 17,822,000,000 | 16,330,000,000 | 16,883,000,000 | 18,543,000,000 | 15,453,000,000 | 17,314,000,000 | 15,172,000,000 | 13,202,000,000 | 14,801,000,000 | 484,000,000 | 14,027,000,000 | 15,007,000,000 | 16,560,000,000 | 296,000,000 | 17,784,000,000 | 15,493,000,000 | 12,217,000,000 | 152,000,000 | 13,321,000,000 | 45,795,000,000 | 8,253,000,000 | 53,000,000 | 6,472,000,000 | 5,711,000,000 | 4,808,000,000 | 683,000,000 | 9,489,000,000 | 9,786,000,000 | 6,920,000,000 | 161,000,000 | 7,473,000,000 | 6,948,000,000 | 6,538,000,000 | 281,000,000 | 6,270,000,000 | 6,651,000,000 | 5,974,000,000 | 249,000,000 | 6,108,000,000 | 6,302,000,000 | 6,153,000,000 | 336,000,000 | 5,726,000,000 | 6,649,000,000 | 6,147,000,000 | 7,493,000,000 | 7,644,000,000 | 7,382,000,000 | 7,048,000,000 | 389,000,000 | 5,436,000,000 | 6,357,000,000 | 7,275,000,000 | 6,818,000,000 | 7,022,000,000 | 7,772,000,000 | 323,000,000 | 7,184,000,000 | 7,619,000,000 | 7,780,000,000 | 492,000,000 | 6,949,000,000 | 7,432,000,000 | 6,950,000,000 | 241,000,000 | 238,000,000 |
noncurrent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 60,146,000,000 | 57,387,000,000 | 55,531,000,000 | 54,004,000,000 | 52,659,000,000 | 53,569,000,000 | 54,748,000,000 | 52,664,000,000 | 53,415,000,000 | 50,975,000,000 | 50,343,000,000 | 50,230,000,000 | 48,508,000,000 | 4,588,000,000 | 47,854,000,000 | 44,174,000,000 | 39,123,000,000 | 35,959,000,000 | 35,955,000,000 | 37,801,000,000 | 36,311,000,000 | 34,920,000,000 | 18,407,000,000 | 17,612,000,000 | 17,407,000,000 | 350,000,000 | 16,619,000,000 | 16,616,000,000 | 16,813,000,000 | 348,000,000 | 16,528,000,000 | 16,525,000,000 | 16,522,000,000 | 350,000,000 | 15,545,000,000 | 15,544,000,000 | 15,051,000,000 | 350,000,000 | 14,555,000,000 | 13,966,000,000 | 13,965,000,000 | 12,717,000,000 | 11,918,000,000 | 11,917,000,000 | 11,518,000,000 | 349,000,000 | 12,915,000,000 | 12,166,000,000 | 11,767,000,000 | 11,516,000,000 | 11,466,000,000 | 10,294,000,000 | 349,000,000 | 10,727,000,000 | 10,179,000,000 | 9,882,000,000 | 348,000,000 | 9,839,000,000 | 9,933,000,000 | 10,185,000,000 | 280,000,000 | 280,000,000 | ||||||||
regulatory liabilities | 20,265,000,000 | 20,188,000,000 | 20,061,000,000 | 19,871,000,000 | 19,637,000,000 | 19,417,000,000 | 20,391,000,000 | 19,900,000,000 | 19,667,000,000 | 19,444,000,000 | 18,884,000,000 | 18,518,000,000 | 18,119,000,000 | 16,921,000,000 | 16,946,000,000 | 11,563,000,000 | 11,661,000,000 | 11,218,000,000 | 11,204,000,000 | 9,981,000,000 | 9,641,000,000 | 9,251,000,000 | 9,336,000,000 | 9,038,000,000 | 8,872,000,000 | 8,607,000,000 | 8,498,000,000 | 8,586,000,000 | 7,265,000,000 | 7,125,000,000 | 6,991,000,000 | 6,613,000,000 | 6,547,000,000 | 6,486,000,000 | 6,294,000,000 | 6,330,000,000 | 6,307,000,000 | 6,133,000,000 | 5,966,000,000 | 5,804,000,000 | 5,660,000,000 | 5,343,000,000 | 5,226,000,000 | 5,187,000,000 | 5,107,000,000 | 5,008,000,000 | 4,927,000,000 | 4,596,000,000 | 4,654,000,000 | 4,584,000,000 | 4,446,000,000 | 4,275,000,000 | 4,190,000,000 | 4,152,000,000 | 3,838,000,000 | 3,770,000,000 | ||||||||||||||
pension and other postretirement benefits | 537,000,000 | 549,000,000 | 834,000,000 | 824,000,000 | 813,000,000 | 808,000,000 | 454,000,000 | 464,000,000 | 474,000,000 | 476,000,000 | 220,000,000 | 226,000,000 | 232,000,000 | 669,000,000 | 734,000,000 | 801,000,000 | 2,707,000,000 | 2,687,000,000 | 2,666,000,000 | 2,632,000,000 | 2,631,000,000 | 2,629,000,000 | 2,523,000,000 | 2,536,000,000 | 2,551,000,000 | 1,559,000,000 | 1,578,000,000 | 1,592,000,000 | 1,601,000,000 | 3,711,000,000 | 3,665,000,000 | 3,626,000,000 | 3,570,000,000 | 3,517,000,000 | 3,464,000,000 | 2,343,000,000 | 2,317,000,000 | 2,288,000,000 | 2,064,000,000 | 2,018,000,000 | 1,968,000,000 | 2,221,000,000 | 2,177,000,000 | 2,133,000,000 | ||||||||||||||||||||||||||
asset retirement obligations | 5,507,000,000 | 5,439,000,000 | 5,354,000,000 | 5,499,000,000 | 5,509,000,000 | 5,444,000,000 | 5,394,000,000 | 5,564,000,000 | 5,505,000,000 | 5,512,000,000 | 5,990,000,000 | 5,971,000,000 | 5,916,000,000 | 6,223,000,000 | 6,166,000,000 | 5,919,000,000 | 6,620,000,000 | 6,554,000,000 | 6,494,000,000 | 6,019,000,000 | 5,961,000,000 | 5,902,000,000 | 6,259,000,000 | 6,111,000,000 | 6,055,000,000 | 4,999,000,000 | 4,964,000,000 | 4,946,000,000 | 4,758,000,000 | 4,675,000,000 | 4,716,000,000 | 4,672,000,000 | 4,612,000,000 | 4,480,000,000 | 3,620,000,000 | 3,609,000,000 | 3,595,000,000 | 3,570,000,000 | 3,561,000,000 | 3,540,000,000 | 3,539,000,000 | 2,946,000,000 | 2,932,000,000 | 2,924,000,000 | 1,661,000,000 | 1,641,000,000 | 1,620,000,000 | 1,591,000,000 | 1,582,000,000 | 1,583,000,000 | 1,610,000,000 | 1,600,000,000 | 1,603,000,000 | 1,545,000,000 | 1,539,000,000 | 1,530,000,000 | ||||||||||||||
deferred income taxes | 4,425,000,000 | 4,135,000,000 | 3,777,000,000 | 3,550,000,000 | 3,251,000,000 | 3,082,000,000 | 2,670,000,000 | 2,484,000,000 | 2,225,000,000 | 1,980,000,000 | 2,181,000,000 | 2,422,000,000 | 2,588,000,000 | 423,000,000 | 3,224,000,000 | 3,020,000,000 | 3,162,000,000 | 297,000,000 | 2,997,000,000 | 1,618,000,000 | 1,468,000,000 | 237,000,000 | 1,225,000,000 | 1,171,000,000 | 505,000,000 | 187,000,000 | 1,721,000,000 | 2,354,000,000 | 3,273,000,000 | 187,000,000 | 5,822,000,000 | 5,667,000,000 | 5,990,000,000 | 123,000,000 | 11,085,000,000 | 10,753,000,000 | 10,488,000,000 | 267,000,000 | 9,850,000,000 | 9,556,000,000 | 9,323,000,000 | 250,000,000 | 8,773,000,000 | 8,732,000,000 | 8,626,000,000 | 260,000,000 | 8,032,000,000 | 7,874,000,000 | 7,838,000,000 | 7,823,000,000 | 7,275,000,000 | 106,000,000 | 44,000,000 | 178,000,000 | 6,724,000,000 | 166,000,000 | 160,000,000 | 6,212,000,000 | 134,000,000 | 79,000,000 | 5,000,000 | 150,000,000 | 403,000,000 | 506,000,000 | 3,000,000 | 172,000,000 | 424,000,000 | 389,000,000 | 51,000,000 | 51,000,000 |
financing lease liabilities | 1,000,000 | 1,000,000 | 570,000,000 | 577,000,000 | 584,000,000 | 779,000,000 | 271,000,000 | 259,000,000 | 254,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncurrent liabilities | 96,106,000,000 | 92,519,000,000 | 90,724,000,000 | 88,761,000,000 | 86,684,000,000 | 86,929,000,000 | 88,350,000,000 | 85,740,000,000 | 86,209,000,000 | 83,092,000,000 | 83,453,000,000 | 83,488,000,000 | 81,225,000,000 | 4,722,000,000 | 80,499,000,000 | 76,515,000,000 | 65,727,000,000 | 4,760,000,000 | 65,050,000,000 | 63,202,000,000 | 64,962,000,000 | 4,815,000,000 | 61,202,000,000 | 59,633,000,000 | 21,925,000,000 | 61,000,000 | 25,157,000,000 | 25,472,000,000 | 25,028,000,000 | 172,000,000 | 42,200,000,000 | 41,042,000,000 | 41,251,000,000 | 525,000,000 | 44,767,000,000 | 44,216,000,000 | 44,021,000,000 | 506,000,000 | 42,689,000,000 | 42,278,000,000 | 41,812,000,000 | 503,000,000 | 39,061,000,000 | 39,058,000,000 | 38,439,000,000 | 491,000,000 | 36,127,000,000 | 35,096,000,000 | 34,908,000,000 | 33,518,000,000 | 33,310,000,000 | 32,820,000,000 | 32,190,000,000 | 476,000,000 | 32,047,000,000 | 30,704,000,000 | 30,101,000,000 | 28,488,000,000 | 28,255,000,000 | 26,821,000,000 | 491,000,000 | 26,794,000,000 | 25,476,000,000 | 25,139,000,000 | 461,000,000 | 25,188,000,000 | 24,567,000,000 | 24,523,000,000 | 403,000,000 | 527,000,000 |
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mandatory convertible preferred stock | 1,579,000,000 | 1,579,000,000 | 1,579,000,000 | 1,579,000,000 | 1,579,000,000 | 1,579,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 31,605,000,000 | 31,636,000,000 | 31,588,000,000 | 31,560,000,000 | 31,532,000,000 | 31,555,000,000 | 30,402,000,000 | 30,379,000,000 | 30,356,000,000 | 30,374,000,000 | 31,041,000,000 | 31,628,000,000 | 32,214,000,000 | 36,132,000,000 | 34,164,000,000 | 34,141,000,000 | 34,726,000,000 | 35,129,000,000 | 35,114,000,000 | 30,245,000,000 | 30,226,000,000 | 30,224,000,000 | 30,222,000,000 | 13,045,000,000 | 13,035,000,000 | 13,038,000,000 | 13,027,000,000 | 13,014,000,000 | 13,000,000,000 | 12,910,000,000 | 12,833,000,000 | 12,765,000,000 | 12,701,000,000 | 12,632,000,000 | 12,198,000,000 | 11,282,000,000 | 10,421,000,000 | 8,879,000,000 | 8,428,000,000 | 8,362,000,000 | 8,204,000,000 | 8,011,000,000 | 7,318,000,000 | 7,171,000,000 | 6,983,000,000 | 6,878,000,000 | 6,712,000,000 | 6,646,000,000 | 6,307,000,000 | 6,280,000,000 | 6,265,000,000 | 6,219,000,000 | 6,123,000,000 | 5,984,000,000 | 6,110,000,000 | |||||||||||||||
reinvested earnings | 97,000,000 | -650,000,000 | -1,181,000,000 | -1,949,000,000 | -2,414,000,000 | -2,966,000,000 | -3,558,000,000 | -4,112,000,000 | -4,611,000,000 | -5,321,000,000 | -6,219,000,000 | -6,567,000,000 | -6,973,000,000 | -7,542,000,000 | -8,055,000,000 | -8,511,000,000 | -8,867,000,000 | -9,286,000,000 | -9,760,000,000 | -8,672,000,000 | -9,073,000,000 | -9,198,000,000 | -9,400,000,000 | -9,486,000,000 | -7,518,000,000 | -7,893,000,000 | -4,279,000,000 | -2,663,000,000 | -114,000,000 | -250,000,000 | 6,623,000,000 | 6,057,000,000 | 7,043,000,000 | 6,596,000,000 | 6,482,000,000 | 6,205,000,000 | 6,070,000,000 | 5,751,000,000 | 5,278,000,000 | 5,137,000,000 | 5,179,000,000 | 5,301,000,000 | 5,391,000,000 | 5,308,000,000 | 5,126,000,000 | 5,316,000,000 | 5,403,000,000 | 4,808,000,000 | 4,756,000,000 | 4,742,000,000 | 4,866,000,000 | 4,909,000,000 | 4,784,000,000 | 4,747,000,000 | 4,957,000,000 | 4,793,000,000 | 4,752,000,000 | 4,817,000,000 | 4,802,000,000 | 4,624,000,000 | 4,606,000,000 | 4,535,000,000 | 4,457,000,000 | 4,302,000,000 | 4,213,000,000 | 4,097,000,000 | 3,934,000,000 | 3,701,000,000 | 3,614,000,000 | 3,151,000,000 |
accumulated other comprehensive loss | -31,000,000 | -25,000,000 | -8,000,000 | -4,000,000 | -12,000,000 | -19,000,000 | -10,000,000 | -14,000,000 | -14,000,000 | -13,000,000 | -2,000,000 | -37,000,000 | -25,000,000 | -20,000,000 | -20,000,000 | -25,000,000 | -26,000,000 | -26,000,000 | -10,000,000 | -10,000,000 | -10,000,000 | -9,000,000 | -9,000,000 | -9,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | 11,000,000 | -70,000,000 | -71,000,000 | -91,000,000 | -101,000,000 | -186,000,000 | -195,000,000 | -203,000,000 | -176,000,000 | -184,000,000 | -193,000,000 | -202,000,000 | -224,000,000 | -232,000,000 | -240,000,000 | -200,000,000 | -207,000,000 | -214,000,000 | |||||||||||||||||||||||||
total shareholders’ equity | 33,250,000,000 | 32,540,000,000 | 31,978,000,000 | 31,186,000,000 | 30,685,000,000 | 30,149,000,000 | 26,834,000,000 | 26,253,000,000 | 25,731,000,000 | 25,040,000,000 | 24,132,000,000 | 23,763,000,000 | 23,334,000,000 | 20,475,000,000 | 21,547,000,000 | 21,127,000,000 | 20,812,000,000 | 3,549,000,000 | 5,507,000,000 | 8,739,000,000 | 10,342,000,000 | 12,877,000,000 | 13,133,000,000 | 12,802,000,000 | 12,560,000,000 | 11,959,000,000 | 11,789,000,000 | 11,414,000,000 | 11,023,000,000 | 10,871,000,000 | 10,369,000,000 | 10,162,000,000 | 9,946,000,000 | 9,610,000,000 | ||||||||||||||||||||||||||||||||||||
noncontrolling interest - preferred stock of subsidiary | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | ||||||||||||||||||||||||||
total equity | 33,502,000,000 | 32,792,000,000 | 32,230,000,000 | 31,438,000,000 | 30,937,000,000 | 30,401,000,000 | 27,086,000,000 | 26,505,000,000 | 25,983,000,000 | 25,292,000,000 | 24,384,000,000 | 24,015,000,000 | 23,586,000,000 | 22,486,000,000 | 22,019,000,000 | 21,644,000,000 | 20,727,000,000 | 21,799,000,000 | 21,379,000,000 | 21,064,000,000 | 3,801,000,000 | 5,759,000,000 | 8,991,000,000 | 10,594,000,000 | 13,129,000,000 | 19,696,000,000 | 19,061,000,000 | 19,983,000,000 | 19,286,000,000 | 18,891,000,000 | 18,605,000,000 | 17,606,000,000 | 16,998,000,000 | 16,864,000,000 | 16,820,000,000 | 16,271,000,000 | 15,955,000,000 | 16,031,000,000 | 15,280,000,000 | 14,932,000,000 | 14,594,000,000 | 14,260,000,000 | 14,122,000,000 | 13,824,000,000 | 13,385,000,000 | 13,054,000,000 | 12,812,000,000 | 12,211,000,000 | 12,041,000,000 | 11,666,000,000 | 11,275,000,000 | 11,123,000,000 | 10,621,000,000 | 10,414,000,000 | 10,198,000,000 | 9,862,000,000 | ||||||||||||||
total liabilities and equity | 141,953,000,000 | 141,611,000,000 | 138,249,000,000 | 136,384,000,000 | 135,443,000,000 | 133,660,000,000 | 132,319,000,000 | 130,788,000,000 | 127,645,000,000 | 125,698,000,000 | 123,009,000,000 | 120,705,000,000 | 119,612,000,000 | 117,012,000,000 | 113,541,000,000 | 103,931,000,000 | 103,561,000,000 | 100,494,000,000 | 98,558,000,000 | 95,587,000,000 | 109,229,000,000 | 86,688,000,000 | 85,713,000,000 | 84,387,000,000 | 82,287,000,000 | 71,385,000,000 | 69,889,000,000 | 68,154,000,000 | 71,526,000,000 | 70,055,000,000 | 69,164,000,000 | 66,565,000,000 | 65,927,000,000 | 64,650,000,000 | 61,989,000,000 | 61,631,000,000 | 60,547,000,000 | 57,884,000,000 | 57,025,000,000 | 55,987,000,000 | 55,605,000,000 | 55,214,000,000 | 54,324,000,000 | 53,062,000,000 | 50,868,000,000 | 50,115,000,000 | 50,188,000,000 | 47,517,000,000 | 47,318,000,000 | 46,259,000,000 | 45,253,000,000 | 44,218,000,000 | 43,540,000,000 | 42,551,000,000 | 42,197,000,000 | 41,335,000,000 | ||||||||||||||
income taxes receivable | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 24,000,000 | 24,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 68,000,000 | 68,000,000 | 68,000,000 | 12,000,000 | 67,000,000 | 67,000,000 | 67,000,000 | 12,000,000 | 15,000,000 | 18,000,000 | 18,000,000 | 67,000,000 | 66,000,000 | 65,000,000 | 27,000,000 | 25,000,000 | 93,000,000 | 160,000,000 | 25,000,000 | 218,000,000 | 234,000,000 | 230,000,000 | 24,000,000 | 156,000,000 | 192,000,000 | 195,000,000 | 29,000,000 | 177,000,000 | 613,000,000 | 602,000,000 | 574,000,000 | 377,000,000 | 365,000,000 | 166,000,000 | 33,000,000 | 19,000,000 | 32,000,000 | 154,000,000 | 148,000,000 | 175,000,000 | 35,000,000 | 1,000,000 | 624,000,000 | 112,000,000 | 9,000,000 | 58,000,000 | 171,000,000 | 45,000,000 | 148,000,000 | 46,000,000 | ||||||
electric | 86,639,000,000 | 84,207,000,000 | 83,458,000,000 | 81,906,000,000 | 80,345,000,000 | 78,729,000,000 | 77,673,000,000 | 76,034,000,000 | 73,647,000,000 | 72,635,000,000 | 71,001,000,000 | 69,570,000,000 | 69,239,000,000 | 68,054,000,000 | 65,498,000,000 | 64,832,000,000 | 63,750,000,000 | 61,797,000,000 | 60,967,000,000 | 59,982,000,000 | 56,860,000,000 | 56,410,000,000 | 55,654,000,000 | 54,148,000,000 | 53,692,000,000 | 53,074,000,000 | 51,532,000,000 | 50,872,000,000 | 49,974,000,000 | 47,141,000,000 | 46,687,000,000 | 45,888,000,000 | 44,297,000,000 | 43,990,000,000 | 43,402,000,000 | 42,881,000,000 | 41,939,000,000 | 41,227,000,000 | 40,356,000,000 | 37,635,000,000 | 37,283,000,000 | 36,329,000,000 | 35,120,000,000 | 34,454,000,000 | 34,068,000,000 | 32,074,000,000 | 31,408,000,000 | 30,918,000,000 | 29,875,000,000 | 29,580,000,000 | 28,730,000,000 | |||||||||||||||||||
gas | 31,623,000,000 | 30,976,000,000 | 30,642,000,000 | 30,213,000,000 | 29,830,000,000 | 29,574,000,000 | 29,156,000,000 | 28,578,000,000 | 27,725,000,000 | 27,240,000,000 | 26,474,000,000 | 25,306,000,000 | 25,082,000,000 | 24,548,000,000 | 23,636,000,000 | 23,371,000,000 | 23,045,000,000 | 22,741,000,000 | 22,428,000,000 | 21,930,000,000 | 20,798,000,000 | 20,387,000,000 | 19,934,000,000 | 18,938,000,000 | 18,555,000,000 | 18,045,000,000 | 17,384,000,000 | 17,123,000,000 | 16,982,000,000 | 16,419,000,000 | 16,208,000,000 | 15,970,000,000 | 15,285,000,000 | 15,040,000,000 | 14,734,000,000 | 14,379,000,000 | 13,381,000,000 | 13,162,000,000 | 12,786,000,000 | 12,280,000,000 | 12,206,000,000 | 12,015,000,000 | 11,700,000,000 | 11,675,000,000 | 11,482,000,000 | 11,079,000,000 | 10,971,000,000 | 10,823,000,000 | 10,524,000,000 | 10,387,000,000 | 10,241,000,000 | |||||||||||||||||||
restricted cash | 237,000,000 | 362,000,000 | 297,000,000 | 373,000,000 | 257,000,000 | 387,000,000 | 145,000,000 | 76,000,000 | 29,000,000 | 11,000,000 | 12,000,000 | 29,000,000 | 215,000,000 | 14,413,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 168,000,000 | 235,000,000 | 234,000,000 | 287,000,000 | 287,000,000 | 298,000,000 | 299,000,000 | 299,000,000 | 299,000,000 | 301,000,000 | 301,000,000 | 305,000,000 | 304,000,000 | 418,000,000 | 381,000,000 | 385,000,000 | 393,000,000 | 367,000,000 | 431,000,000 | 573,000,000 | 583,000,000 | 629,000,000 | 569,000,000 | 1,285,000,000 | 1,284,000,000 | ||||||||||||||||||||||||||||
treasury stock | -688,000,000 | -1,298,000,000 | -1,907,000,000 | -3,838,000,000 | -3,838,000,000 | -4,447,000,000 | -4,854,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing lease right of use asset and other | 788,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right of use asset | 625,000,000 | 1,418,000,000 | 1,448,000,000 | 1,199,000,000 | 1,286,000,000 | 1,139,000,000 | 1,316,000,000 | 1,477,000,000 | 1,659,000,000 | 3,000,000 | 1,893,000,000 | 2,127,000,000 | 2,209,000,000 | 6,000,000 | 2,435,000,000 | 2,662,000,000 | 2,738,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
financing lease and other | 19,000,000 | 19,000,000 | 19,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to affiliates | 46,000,000 | 21,000,000 | 48,000,000 | 120,000,000 | 44,000,000 | 24,000,000 | 24,000,000 | 22,000,000 | 31,000,000 | 26,000,000 | 25,000,000 | 20,000,000 | 28,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 12,000,000 | 12,000,000 | 13,000,000 | 11,000,000 | 5,000,000 | 14,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 14,000,000 | 14,000,000 | 17,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net equipment | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in subsidiaries | 33,021,000,000 | 30,232,000,000 | 25,244,000,000 | 5,102,000,000 | 12,722,000,000 | 19,514,000,000 | 18,172,000,000 | 16,837,000,000 | 16,003,000,000 | 13,387,000,000 | 11,618,000,000 | 10,935,000,000 | 9,539,000,000 | 8,886,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 160,000,000 | 181,000,000 | 186,000,000 | 173,000,000 | 162,000,000 | 144,000,000 | 133,000,000 | 130,000,000 | 117,000,000 | 102,000,000 | 89,000,000 | 84,000,000 | 68,000,000 | 87,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncurrent assets | 33,604,000,000 | 30,710,000,000 | 25,670,000,000 | 5,468,000,000 | 13,071,000,000 | 19,853,000,000 | 18,572,000,000 | 17,217,000,000 | 16,381,000,000 | 13,673,000,000 | 11,825,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable – other | 88,000,000 | 200,000,000 | 49,000,000 | 47,000,000 | 16,000,000 | 6,000,000 | 7,000,000 | 3,000,000 | 67,000,000 | 48,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 369,000,000 | 69,000,000 | 72,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent liabilities | 134,000,000 | 168,000,000 | 191,000,000 | 58,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 1,000,000 | -27,000,000 | -10,000,000 | -9,000,000 | 26,000,000 | 44,000,000 | 55,000,000 | 50,000,000 | -160,000,000 | -221,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total common shareholders’ equity | 28,591,000,000 | 25,823,000,000 | 20,999,000,000 | 5,135,000,000 | 12,651,000,000 | 19,220,000,000 | 17,940,000,000 | 16,576,000,000 | 15,748,000,000 | 13,074,000,000 | 11,282,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 33,797,000,000 | 30,879,000,000 | 25,966,000,000 | 6,059,000,000 | 13,506,000,000 | 19,906,000,000 | 18,727,000,000 | 17,328,000,000 | 16,575,000,000 | 13,939,000,000 | 12,096,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 22,234,000,000 | 21,767,000,000 | 21,392,000,000 | 19,444,000,000 | 18,809,000,000 | 19,731,000,000 | 19,034,000,000 | 18,639,000,000 | 18,353,000,000 | 17,354,000,000 | 16,746,000,000 | 16,612,000,000 | 16,568,000,000 | 16,019,000,000 | 15,703,000,000 | 15,779,000,000 | 15,028,000,000 | 14,680,000,000 | 14,342,000,000 | 14,008,000,000 | 13,870,000,000 | 13,572,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
debtor-in-possession financing | 4,592,000,000 | 4,624,000,000 | 1,500,000,000 | 1,500,000,000 | 350,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disputed claims and customer refunds | 245,000,000 | 244,000,000 | 240,000,000 | 238,000,000 | 217,000,000 | 215,000,000 | 245,000,000 | 240,000,000 | 238,000,000 | 236,000,000 | 233,000,000 | 461,000,000 | 457,000,000 | 452,000,000 | 448,000,000 | 446,000,000 | 437,000,000 | 86,000,000 | 154,000,000 | 154,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 164,000,000 | 164,000,000 | 658,000,000 | 673,000,000 | 674,000,000 | 691,000,000 | 746,000,000 | 746,000,000 | 772,000,000 | 816,000,000 | 1,552,000,000 | 1,552,000,000 | |||||||||||||||||||||||||||||||||||
pension and other post-retirement benefits | 2,329,000,000 | 2,367,000,000 | 2,406,000,000 | 1,894,000,000 | 1,941,000,000 | 1,855,000,000 | 1,986,000,000 | 1,996,000,000 | 2,006,000,000 | 2,014,000,000 | 2,054,000,000 | 2,094,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities subject to compromise | 50,751,000,000 | 810,000,000 | 45,093,000,000 | 42,610,000,000 | 39,322,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debtor-in-possession financing, classified as current | 2,000,000,000 | 2,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wildfire fund liability | 5,200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intercompany receivable | 72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingencies and commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at both periods) | 1,368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
513,773,072 and 506,891,874 shares outstanding at respective dates | 12,560,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 60 and 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at respective dates) | 1,208,000,000 | 1,197,000,000 | 1,233,000,000 | 1,039,000,000 | 1,010,000,000 | 1,194,000,000 | 1,049,000,000 | 905,000,000 | 1,121,000,000 | 1,009,000,000 | 877,000,000 | 1,099,000,000 | 1,034,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
512,220,726 and 506,891,874 shares outstanding at respective dates | 12,442,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 59 and 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
510,610,267 and 506,891,874 shares outstanding at respective dates | 12,292,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 53 and 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
505,183,752 and 492,025,443 shares outstanding at respective dates | 12,083,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
498,143,219 and 492,025,443 shares outstanding at respective dates | 11,616,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 55 and 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
495,606,702 and 492,025,443 shares outstanding at respective dates | 11,440,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 57 and 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
490,177,833 and 475,913,404 shares outstanding at respective dates | 11,183,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 56 and 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
481,575,453 and 475,913,404 shares outstanding at respective dates | 10,717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 60 and 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
479,490,832 and 475,913,404 shares outstanding at respective dates | 10,583,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt classified as current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 68 and 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
474,534,357 and 456,670,424 shares outstanding at respective dates | 10,350,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
470,950,685 and 456,670,424 shares outstanding at respective dates | 10,176,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 76 and 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
464,263,173 and 456,670,424 shares outstanding at respective dates | 9,869,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 80 and 87 at | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2013 and 2012, respectively) | 1,091,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
456,670,424 shares outstanding at december 31, 2013 and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
430,718,293 shares outstanding at december 31, 2012 | 9,550,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 81 and 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 39,000,000 | 17,000,000 | 10,000,000 | 15,000,000 | 112,000,000 | 110,000,000 | 107,000,000 | 149,000,000 | 128,000,000 | 1,000,000 | 260,000,000 | 634,000,000 | 268,000,000 | 12,000,000 | 589,000,000 | 9,000,000 | 134,000,000 | 23,000,000 | 131,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
448,590,070 and 430,718,293 shares outstanding at respective dates | 9,212,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers (net of allowance for doubtful accounts of 80 and 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
444,717,704 and 430,718,293 shares outstanding at respective dates | 9,032,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
energy recovery bonds, classified as current | 110,000,000 | 223,000,000 | 321,000,000 | 418,000,000 | 413,000,000 | 409,000,000 | 399,000,000 | 395,000,000 | 390,000,000 | 382,000,000 | 378,000,000 | 374,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest – preferred stock of subsidiary | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | 252,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
energy recovery bonds | 110,000,000 | 223,000,000 | 321,000,000 | 528,000,000 | 636,000,000 | 730,000,000 | 928,000,000 | 1,031,000,000 | 1,120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable – related parties | 106,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other | 807,000,000 | 734,000,000 | 733,000,000 | 640,000,000 | 781,000,000 | 833,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, authorized 80,000,000 shares, 100 par value, authorized 5,000,000 shares, none issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nuclear decommissioning funds | 1,929,000,000 | 1,870,000,000 | 1,740,000,000 | 1,634,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable—related parties | 32,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable—other | 2,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt – classified as current | 247,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by subsidiary | -718,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total common shareholders' equity | 10,333,000,000 | 9,377,000,000 | 8,553,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 11,286,000,000 | 10,021,000,000 | 9,318,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax credits | 90,000,000 | 91,000,000 | 92,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
related parties | 40,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 885,000,000 | 670,000,000 | 850,000,000 | 549,000,000 | 634,000,000 | 674,000,000 | 579,000,000 | 524,000,000 | 735,000,000 | 923,000,000 | 351,000,000 | 410,000,000 | 572,000,000 | 446,000,000 | 459,000,000 | 360,000,000 | 478,000,000 | 401,000,000 | 123,000,000 | 374,000,000 | -3,613,000,000 | 136,000,000 | -6,869,000,000 | 567,000,000 | -980,000,000 | 445,000,000 | 118,000,000 | 553,000,000 | 410,000,000 | 579,000,000 | 696,000,000 | 391,000,000 | 210,000,000 | 110,000,000 | 138,000,000 | 310,000,000 | 406,000,000 | 34,000,000 | 135,000,000 | 814,000,000 | 271,000,000 | 230,000,000 | 90,000,000 | 164,000,000 | 332,000,000 | 242,000,000 | -23,000,000 | 364,000,000 | 239,000,000 | 236,000,000 | 203,000,000 | 366,000,000 | 202,000,000 | 240,000,000 | 261,000,000 | 337,000,000 | 261,000,000 | 263,000,000 | 321,000,000 | 392,000,000 | 244,000,000 | 517,000,000 | 304,000,000 | 293,000,000 | 224,000,000 | 203,000,000 | 278,000,000 | 269,000,000 | 256,000,000 | |||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization, and decommissioning | 1,166,000,000 | 1,332,000,000 | 1,132,000,000 | 1,073,000,000 | 1,097,000,000 | 1,055,000,000 | 1,059,000,000 | 1,053,000,000 | 1,022,000,000 | 853,000,000 | 811,000,000 | 997,000,000 | 1,077,000,000 | 1,002,000,000 | 941,000,000 | 972,000,000 | 801,000,000 | 851,000,000 | 888,000,000 | 894,000,000 | 845,000,000 | 874,000,000 | 855,000,000 | 801,000,000 | 840,000,000 | 796,000,000 | 797,000,000 | 779,000,000 | 759,000,000 | 746,000,000 | 752,000,000 | 720,000,000 | 710,000,000 | 712,000,000 | 712,000,000 | 665,000,000 | 694,000,000 | 699,000,000 | 697,000,000 | 677,000,000 | 653,000,000 | 651,000,000 | 631,000,000 | 667,000,000 | 671,000,000 | 557,000,000 | 538,000,000 | 535,000,000 | 523,000,000 | 516,000,000 | 503,000,000 | 617,000,000 | 606,000,000 | 584,000,000 | 450,000,000 | 648,000,000 | 550,000,000 | 571,000,000 | 532,000,000 | 506,000,000 | 511,000,000 | 481,000,000 | 463,000,000 | |||||||||||||
bad debt expense | 89,000,000 | 71,000,000 | 90,000,000 | 141,000,000 | 100,000,000 | 97,000,000 | 109,000,000 | 65,000,000 | 70,000,000 | 84,000,000 | 259,000,000 | 154,000,000 | 139,000,000 | 50,000,000 | 33,000,000 | 43,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for equity funds used during construction | -55,000,000 | -55,000,000 | -67,000,000 | -49,000,000 | -48,000,000 | -48,000,000 | -52,000,000 | -45,000,000 | -39,000,000 | -56,000,000 | -41,000,000 | -41,000,000 | -41,000,000 | -56,000,000 | -40,000,000 | -42,000,000 | -35,000,000 | -29,000,000 | -32,000,000 | -97,000,000 | -22,000,000 | -11,000,000 | -10,000,000 | -15,000,000 | -19,000,000 | -20,000,000 | -25,000,000 | -32,000,000 | -34,000,000 | -31,000,000 | -32,000,000 | -26,000,000 | -29,000,000 | -15,000,000 | -19,000,000 | -28,000,000 | -30,000,000 | -27,000,000 | -27,000,000 | -27,000,000 | -27,000,000 | -25,000,000 | -28,000,000 | -28,000,000 | -26,000,000 | -24,000,000 | -22,000,000 | -23,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -27,000,000 | -23,000,000 | -21,000,000 | -20,000,000 | -32,000,000 | -29,000,000 | -28,000,000 | -24,000,000 | -22,000,000 | -25,000,000 | |||||||||||||
deferred income taxes and tax credits | 294,000,000 | 358,000,000 | 228,000,000 | 310,000,000 | 162,000,000 | 414,000,000 | 199,000,000 | 246,000,000 | 239,000,000 | -195,000,000 | -241,000,000 | -166,000,000 | -163,000,000 | -179,000,000 | 209,000,000 | -140,000,000 | -16,000,000 | 1,379,000,000 | 150,000,000 | 78,000,000 | 174,000,000 | 54,000,000 | 672,000,000 | 197,000,000 | -1,400,000,000 | -633,000,000 | -919,000,000 | 4,000,000 | -2,542,000,000 | 155,000,000 | -323,000,000 | 178,000,000 | 406,000,000 | 332,000,000 | 264,000,000 | 252,000,000 | 386,000,000 | 294,000,000 | 233,000,000 | 117,000,000 | 433,000,000 | 41,000,000 | 106,000,000 | 113,000,000 | 481,000,000 | 158,000,000 | 36,000,000 | 15,000,000 | 548,000,000 | 181,000,000 | 180,000,000 | 166,000,000 | -655,000,000 | 390,000,000 | 88,000,000 | 146,000,000 | 155,000,000 | 298,000,000 | 99,000,000 | -309,000,000 | 331,000,000 | -140,000,000 | 137,000,000 | -76,000,000 | 142,000,000 | 235,000,000 | 136,000,000 | 179,000,000 | 167,000,000 | -135,000,000 | -40,000,000 | 142,000,000 | ||||
wildfire fund expense | 102,000,000 | 81,000,000 | 86,000,000 | 109,000,000 | 76,000,000 | 88,000,000 | 139,000,000 | 78,000,000 | 78,000,000 | 115,000,000 | 219,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 118,000,000 | 162,000,000 | 118,000,000 | 119,000,000 | 120,000,000 | 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -60,000,000 | 9,000,000 | -55,000,000 | 9,000,000 | -38,000,000 | 52,000,000 | 392,000,000 | -33,000,000 | -101,000,000 | -444,000,000 | 294,000,000 | 40,000,000 | -6,000,000 | -202,000,000 | 113,000,000 | 280,000,000 | 148,000,000 | -151,000,000 | -153,000,000 | 268,000,000 | 117,000,000 | 139,000,000 | 118,000,000 | 107,000,000 | 35,000,000 | 95,000,000 | 59,000,000 | 37,000,000 | 16,000,000 | 101,000,000 | 127,000,000 | 74,000,000 | 30,000,000 | 103,000,000 | 83,000,000 | 113,000,000 | 8,000,000 | 86,000,000 | 114,000,000 | 106,000,000 | 73,000,000 | 79,000,000 | 98,000,000 | 97,000,000 | 52,000,000 | 28,000,000 | 119,000,000 | 83,000,000 | 56,000,000 | 81,000,000 | 117,000,000 | 100,000,000 | 57,000,000 | -210,000,000 | 93,000,000 | 64,000,000 | 73,000,000 | 201,000,000 | 37,000,000 | -15,000,000 | -64,000,000 | 26,000,000 | -17,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | -79,000,000 | 1,000,000 | -1,000,000 | -2,000,000 | 8,000,000 | -9,000,000 | -16,000,000 | -7,000,000 | ||
effect of changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 129,000,000 | 393,000,000 | 108,000,000 | -599,000,000 | 37,000,000 | -109,000,000 | 8,000,000 | -619,000,000 | -341,000,000 | -481,000,000 | -1,477,000,000 | 763,000,000 | 826,000,000 | -903,000,000 | -155,000,000 | 543,000,000 | 142,000,000 | -411,000,000 | 111,000,000 | -170,000,000 | -623,000,000 | -367,000,000 | -22,000,000 | 160,000,000 | -210,000,000 | -23,000,000 | -31,000,000 | 80,000,000 | -190,000,000 | -131,000,000 | 120,000,000 | 125,000,000 | -169,000,000 | -262,000,000 | 373,000,000 | 73,000,000 | -208,000,000 | -548,000,000 | 210,000,000 | 145,000,000 | -81,000,000 | -477,000,000 | 236,000,000 | 190,000,000 | -147,000,000 | -351,000,000 | 321,000,000 | 8,000,000 | -138,000,000 | -231,000,000 | 209,000,000 | -339,000,000 | -208,000,000 | 221,000,000 | -104,000,000 | -117,000,000 | 35,000,000 | -199,000,000 | -161,000,000 | 114,000,000 | -178,000,000 | -103,000,000 | 301,000,000 | -113,000,000 | -157,000,000 | 89,000,000 | -222,000,000 | -93,000,000 | 235,000,000 | |||||||
wildfire-related insurance receivable | 20,000,000 | -61,000,000 | 27,000,000 | -128,000,000 | -5,000,000 | 40,000,000 | 82,000,000 | 121,000,000 | 75,000,000 | 2,000,000 | 9,000,000 | 296,000,000 | 51,000,000 | 4,000,000 | 80,000,000 | 43,000,000 | -80,000,000 | -28,000,000 | -93,000,000 | 1,558,000,000 | 0 | 0 | 10,000,000 | 25,000,000 | -1,762,000,000 | 208,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | -11,000,000 | 23,000,000 | 3,000,000 | 31,000,000 | 14,000,000 | -16,000,000 | -2,000,000 | 49,000,000 | 18,000,000 | 0 | -53,000,000 | 7,000,000 | -59,000,000 | -71,000,000 | -22,000,000 | -4,000,000 | -15,000,000 | 14,000,000 | 18,000,000 | 7,000,000 | -22,000,000 | 3,000,000 | -12,000,000 | -27,000,000 | -59,000,000 | 18,000,000 | -49,000,000 | -18,000,000 | -34,000,000 | 28,000,000 | 17,000,000 | 3,000,000 | 14,000,000 | -8,000,000 | -16,000,000 | -14,000,000 | 32,000,000 | -15,000,000 | -38,000,000 | 58,000,000 | 21,000,000 | -36,000,000 | -69,000,000 | 62,000,000 | 46,000,000 | -25,000,000 | -86,000,000 | 55,000,000 | -39,000,000 | -45,000,000 | 50,000,000 | -61,000,000 | -64,000,000 | 65,000,000 | -45,000,000 | -79,000,000 | 59,000,000 | -35,000,000 | -53,000,000 | 166,000,000 | -96,000,000 | -164,000,000 | 107,000,000 | -70,000,000 | -97,000,000 | 75,000,000 | ||||||||||
accounts payable | -4,000,000 | 151,000,000 | -163,000,000 | 97,000,000 | 91,000,000 | -511,000,000 | 122,000,000 | -189,000,000 | 608,000,000 | -421,000,000 | 186,000,000 | -158,000,000 | 303,000,000 | 175,000,000 | 215,000,000 | 217,000,000 | 123,000,000 | -24,000,000 | 143,000,000 | -407,000,000 | -257,000,000 | 477,000,000 | 245,000,000 | 145,000,000 | 212,000,000 | 339,000,000 | -180,000,000 | 164,000,000 | 206,000,000 | 15,000,000 | 24,000,000 | 97,000,000 | 57,000,000 | 32,000,000 | -13,000,000 | -9,000,000 | 10,000,000 | 244,000,000 | -65,000,000 | -150,000,000 | 17,000,000 | 124,000,000 | -46,000,000 | -4,000,000 | 44,000,000 | -132,000,000 | 31,000,000 | 29,000,000 | 56,000,000 | 84,000,000 | -56,000,000 | 70,000,000 | 88,000,000 | -213,000,000 | -69,000,000 | -20,000,000 | 182,000,000 | 10,000,000 | -80,000,000 | 87,000,000 | -16,000,000 | -27,000,000 | -116,000,000 | -221,000,000 | -23,000,000 | 144,000,000 | -108,000,000 | -128,000,000 | -86,000,000 | |||||||
wildfire-related claims | -144,000,000 | 32,000,000 | -295,000,000 | 37,000,000 | -166,000,000 | -77,000,000 | 54,000,000 | -230,000,000 | -253,000,000 | -85,000,000 | 252,000,000 | -260,000,000 | -396,000,000 | 7,000,000 | 96,000,000 | -631,000,000 | 1,090,000,000 | -24,000,000 | -558,000,000 | 275,000,000 | -17,419,000,000 | 0 | -100,000,000 | 0 | -14,000,000 | 11,432,000,000 | -66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other current assets and liabilities | -264,000,000 | 186,000,000 | 453,000,000 | -149,000,000 | 73,000,000 | 290,000,000 | 171,000,000 | -107,000,000 | -585,000,000 | 207,000,000 | 410,000,000 | 19,000,000 | -239,000,000 | -259,000,000 | -179,000,000 | -113,000,000 | 27,000,000 | -106,000,000 | -175,000,000 | 478,000,000 | -2,086,000,000 | 652,000,000 | -123,000,000 | 84,000,000 | 8,000,000 | -165,000,000 | 150,000,000 | -127,000,000 | -51,000,000 | 42,000,000 | -145,000,000 | 19,000,000 | 115,000,000 | 45,000,000 | -137,000,000 | -171,000,000 | -54,000,000 | 162,000,000 | 146,000,000 | -228,000,000 | -164,000,000 | 191,000,000 | -114,000,000 | -153,000,000 | 264,000,000 | 131,000,000 | -37,000,000 | -200,000,000 | 98,000,000 | -125,000,000 | -242,000,000 | -58,000,000 | 144,000,000 | -70,000,000 | 32,000,000 | 3,000,000 | -205,000,000 | |||||||||||||||||||
regulatory assets, liabilities, and balancing accounts | -74,000,000 | -1,151,000,000 | 574,000,000 | -172,000,000 | 922,000,000 | -113,000,000 | 924,000,000 | 68,000,000 | 666,000,000 | -183,000,000 | 1,685,000,000 | -862,000,000 | -1,069,000,000 | 247,000,000 | -1,549,000,000 | 63,000,000 | -435,000,000 | -1,079,000,000 | 340,000,000 | -1,058,000,000 | 177,000,000 | -1,260,000,000 | -310,000,000 | -1,507,000,000 | 124,000,000 | -377,000,000 | 343,000,000 | -672,000,000 | -116,000,000 | -126,000,000 | 114,000,000 | -357,000,000 | 323,000,000 | -177,000,000 | -176,000,000 | -580,000,000 | 135,000,000 | -682,000,000 | -87,000,000 | -322,000,000 | 140,000,000 | -257,000,000 | 195,000,000 | -648,000,000 | -683,000,000 | 65,000,000 | -376,000,000 | -214,000,000 | 204,000,000 | -59,000,000 | -133,000,000 | 181,000,000 | 56,000,000 | -171,000,000 | 394,000,000 | -314,000,000 | -10,000,000 | |||||||||||||||||||
other noncurrent assets and liabilities | 357,000,000 | 194,000,000 | -140,000,000 | -174,000,000 | -118,000,000 | 259,000,000 | -639,000,000 | -219,000,000 | 38,000,000 | 333,000,000 | -900,000,000 | 12,000,000 | 7,000,000 | -33,000,000 | -10,000,000 | -140,000,000 | -775,000,000 | 28,000,000 | 104,000,000 | -58,000,000 | -115,000,000 | -72,000,000 | 103,000,000 | 118,000,000 | -53,000,000 | 2,000,000 | 130,000,000 | 43,000,000 | -26,000,000 | -87,000,000 | -81,000,000 | -11,000,000 | 27,000,000 | -7,000,000 | 48,000,000 | -134,000,000 | 21,000,000 | 11,000,000 | -117,000,000 | -104,000,000 | -67,000,000 | -77,000,000 | -107,000,000 | -64,000,000 | 63,000,000 | -47,000,000 | -19,000,000 | -76,000,000 | 14,000,000 | 97,000,000 | 45,000,000 | 109,000,000 | 113,000,000 | 73,000,000 | 286,000,000 | -31,000,000 | 171,000,000 | |||||||||||||||||||
net cash from operating activities | 2,430,000,000 | 1,960,000,000 | 2,851,000,000 | 1,057,000,000 | 2,848,000,000 | 1,932,000,000 | 3,131,000,000 | 711,000,000 | 2,261,000,000 | 477,000,000 | 1,810,000,000 | 1,275,000,000 | 1,185,000,000 | 1,073,000,000 | -22,000,000 | 1,661,000,000 | -2,238,000,000 | 823,000,000 | 32,000,000 | 1,198,000,000 | 89,000,000 | -22,510,000,000 | 1,686,000,000 | 1,605,000,000 | 749,000,000 | 1,310,000,000 | 513,000,000 | 2,244,000,000 | 516,000,000 | 1,483,000,000 | 1,241,000,000 | 1,512,000,000 | 1,240,000,000 | 1,981,000,000 | 1,182,000,000 | 1,574,000,000 | 1,161,000,000 | 1,467,000,000 | 726,000,000 | 1,055,000,000 | 811,000,000 | 1,083,000,000 | 779,000,000 | 1,080,000,000 | 720,000,000 | 1,677,000,000 | 509,000,000 | 771,000,000 | 594,000,000 | 1,374,000,000 | 590,000,000 | 869,000,000 | -3,501,000,000 | 1,278,000,000 | 1,243,000,000 | 931,000,000 | 1,327,000,000 | 817,000,000 | 1,088,000,000 | -2,286,000,000 | 947,000,000 | 978,000,000 | 395,000,000 | -2,672,000,000 | 1,053,000,000 | 864,000,000 | 890,000,000 | -2,210,000,000 | -59,000,000 | 1,206,000,000 | 1,035,000,000 | -2,054,000,000 | 842,000,000 | 260,000,000 | 976,000,000 | |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -3,356,000,000 | -3,156,000,000 | -2,931,000,000 | -3,065,000,000 | -2,635,000,000 | -2,828,000,000 | -2,605,000,000 | -2,298,000,000 | -2,638,000,000 | -2,613,000,000 | -2,421,000,000 | -2,392,000,000 | -2,288,000,000 | -2,872,000,000 | -2,229,000,000 | -2,310,000,000 | 0 | -1,848,000,000 | -1,842,000,000 | -1,778,000,000 | -2,215,000,000 | -2,076,000,000 | -1,758,000,000 | -1,641,000,000 | -2,121,000,000 | -1,782,000,000 | -1,186,000,000 | -1,224,000,000 | -1,922,000,000 | -1,695,000,000 | -1,427,000,000 | -1,470,000,000 | -1,703,000,000 | -1,464,000,000 | -1,258,000,000 | -1,216,000,000 | -1,581,000,000 | -1,477,000,000 | -1,422,000,000 | -1,229,000,000 | -1,511,000,000 | -1,252,000,000 | -1,219,000,000 | -1,191,000,000 | -1,269,000,000 | -1,244,000,000 | -1,123,000,000 | -1,197,000,000 | -1,326,000,000 | -1,360,000,000 | -1,272,000,000 | -1,249,000,000 | 0 | -1,142,000,000 | -1,125,000,000 | -1,094,000,000 | -1,071,000,000 | -952,000,000 | -945,000,000 | 0 | -1,008,000,000 | -931,000,000 | -855,000,000 | 0 | -945,000,000 | -998,000,000 | -1,079,000,000 | 0 | -979,000,000 | -859,000,000 | -853,000,000 | 2,034,000,000 | -715,000,000 | -647,000,000 | -673,000,000 | |
free cash flows | -926,000,000 | -1,196,000,000 | -80,000,000 | -2,008,000,000 | 213,000,000 | -896,000,000 | 526,000,000 | -1,587,000,000 | -377,000,000 | -2,136,000,000 | -611,000,000 | -1,117,000,000 | -1,103,000,000 | -1,799,000,000 | -2,251,000,000 | -649,000,000 | -2,238,000,000 | -1,025,000,000 | -1,810,000,000 | -580,000,000 | -2,126,000,000 | -24,586,000,000 | -72,000,000 | -36,000,000 | -1,372,000,000 | -472,000,000 | -673,000,000 | 1,020,000,000 | -1,406,000,000 | -212,000,000 | -186,000,000 | 42,000,000 | -463,000,000 | 517,000,000 | -76,000,000 | 358,000,000 | -420,000,000 | -10,000,000 | -696,000,000 | -174,000,000 | -700,000,000 | -169,000,000 | -440,000,000 | -111,000,000 | -549,000,000 | 433,000,000 | -614,000,000 | -426,000,000 | -732,000,000 | 14,000,000 | -682,000,000 | -380,000,000 | -3,501,000,000 | 136,000,000 | 118,000,000 | -163,000,000 | 256,000,000 | -135,000,000 | 143,000,000 | -2,286,000,000 | -61,000,000 | 47,000,000 | -460,000,000 | -2,672,000,000 | 108,000,000 | -134,000,000 | -189,000,000 | -2,210,000,000 | -1,038,000,000 | 347,000,000 | 182,000,000 | -20,000,000 | 127,000,000 | -387,000,000 | 303,000,000 | |
proceeds from sales and maturities of nuclear decommissioning trust investments | 400,000,000 | 587,000,000 | 586,000,000 | 501,000,000 | 278,000,000 | 570,000,000 | 366,000,000 | 587,000,000 | 457,000,000 | 1,009,000,000 | 475,000,000 | 474,000,000 | 277,000,000 | 766,000,000 | 948,000,000 | 421,000,000 | 224,000,000 | 401,000,000 | 551,000,000 | 374,000,000 | 357,000,000 | 254,000,000 | 533,000,000 | 148,000,000 | 291,000,000 | 171,000,000 | 346,000,000 | 291,000,000 | 319,000,000 | 308,000,000 | 494,000,000 | 363,000,000 | 237,000,000 | 315,000,000 | 351,000,000 | 567,000,000 | 281,000,000 | 726,000,000 | 277,000,000 | |||||||||||||||||||||||||||||||||||||
purchases of nuclear decommissioning trust investments | -434,000,000 | -572,000,000 | -612,000,000 | -492,000,000 | -317,000,000 | -534,000,000 | -386,000,000 | -598,000,000 | -484,000,000 | -950,000,000 | -500,000,000 | -499,000,000 | -303,000,000 | -788,000,000 | -894,000,000 | -447,000,000 | -239,000,000 | -370,000,000 | -578,000,000 | -387,000,000 | -366,000,000 | -285,000,000 | -552,000,000 | -158,000,000 | -327,000,000 | -175,000,000 | -372,000,000 | -320,000,000 | -350,000,000 | -310,000,000 | -505,000,000 | -252,000,000 | -254,000,000 | -324,000,000 | -493,000,000 | -302,000,000 | -288,000,000 | -299,000,000 | -463,000,000 | -268,000,000 | -245,000,000 | -374,000,000 | -505,000,000 | -269,000,000 | -192,000,000 | -337,000,000 | -536,000,000 | -454,000,000 | -364,000,000 | -422,000,000 | -364,000,000 | -248,000,000 | -346,000,000 | -370,000,000 | -635,000,000 | -234,000,000 | -735,000,000 | -305,000,000 | -353,000,000 | -343,000,000 | -234,000,000 | -573,000,000 | -412,000,000 | -496,000,000 | -548,000,000 | -117,000,000 | -199,000,000 | -407,000,000 | -199,000,000 | |||||||
proceeds from sales and maturities of customer credit trust investments | 116,000,000 | 125,000,000 | 114,000,000 | 97,000,000 | 99,000,000 | 107,000,000 | 117,000,000 | 93,000,000 | 81,000,000 | 101,000,000 | 151,000,000 | 135,000,000 | 169,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of customer credit investments | -36,000,000 | -24,000,000 | -669,000,000 | -42,000,000 | -85,000,000 | -350,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales and maturities of self-insurance investments | 324,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of self-insurance investments | -357,000,000 | -556,000,000 | -591,000,000 | -179,000,000 | -58,000,000 | -449,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -3,302,000,000 | -3,066,000,000 | -2,982,000,000 | -3,004,000,000 | -3,264,000,000 | -3,156,000,000 | -2,994,000,000 | -2,295,000,000 | -2,930,000,000 | -2,451,000,000 | -2,291,000,000 | -2,280,000,000 | -2,140,000,000 | 8,599,000,000 | -3,338,000,000 | -2,650,000,000 | -2,330,000,000 | -1,110,000,000 | -1,772,000,000 | -1,796,000,000 | -2,224,000,000 | -2,083,000,000 | -1,786,000,000 | -1,655,000,000 | -2,128,000,000 | -1,816,000,000 | -1,187,000,000 | -1,247,000,000 | -1,947,000,000 | -1,722,000,000 | -1,420,000,000 | -1,475,000,000 | -1,700,000,000 | -1,461,000,000 | -1,254,000,000 | -1,235,000,000 | -1,443,000,000 | -1,397,000,000 | -1,436,000,000 | -1,250,000,000 | -1,477,000,000 | -1,248,000,000 | -1,214,000,000 | -1,272,000,000 | -1,253,000,000 | -1,168,000,000 | -1,104,000,000 | -1,189,000,000 | -1,294,000,000 | -1,342,000,000 | -1,264,000,000 | -1,207,000,000 | 3,280,000,000 | -1,153,000,000 | -1,113,000,000 | -1,093,000,000 | -1,225,000,000 | -822,000,000 | -883,000,000 | 3,169,000,000 | -1,054,000,000 | -895,000,000 | -848,000,000 | 2,231,000,000 | -237,000,000 | -995,000,000 | -1,086,000,000 | 3,084,000,000 | -1,039,000,000 | -938,000,000 | -798,000,000 | 2,257,000,000 | -771,000,000 | -685,000,000 | -698,000,000 | |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under credit facilities | 1,760,000,000 | 1,710,000,000 | 2,565,000,000 | 330,000,000 | 1,015,000,000 | 3,070,000,000 | 2,458,000,000 | 3,017,000,000 | 2,122,000,000 | 1,465,000,000 | 4,071,000,000 | 2,090,000,000 | 3,829,000,000 | 1,406,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under credit facilities | -2,760,000,000 | -135,000,000 | -1,005,000,000 | -2,080,000,000 | -3,215,000,000 | -1,215,000,000 | -3,612,000,000 | -1,723,000,000 | -1,152,000,000 | -2,880,000,000 | -4,785,000,000 | -2,105,000,000 | -2,108,000,000 | -3,151,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 13 and 15 at respective dates | 3,187,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | -600,000,000 | -875,000,000 | -350,000,000 | 0 | -450,000,000 | -507,000,000 | -382,000,000 | -7,000,000 | -1,526,000,000 | 0 | 0 | 0 | -889,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of ab 1054 recovery bonds | -25,000,000 | -16,000,000 | -24,000,000 | -24,000,000 | -24,000,000 | 0 | -23,000,000 | 0 | -23,000,000 | 0 | -24,000,000 | 0 | -14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends paid | -110,000,000 | -54,000,000 | -56,000,000 | -55,000,000 | -55,000,000 | -22,000,000 | -21,000,000 | -22,000,000 | -21,000,000 | -267,000,000 | -266,000,000 | -245,000,000 | -243,000,000 | -243,000,000 | -238,000,000 | -221,000,000 | -219,000,000 | -218,000,000 | -214,000,000 | -213,000,000 | -211,000,000 | -211,000,000 | -209,000,000 | -206,000,000 | -202,000,000 | -199,000,000 | -197,000,000 | -195,000,000 | -191,000,000 | -190,000,000 | -188,000,000 | -186,000,000 | -182,000,000 | -176,000,000 | -175,000,000 | -174,000,000 | -170,000,000 | -172,000,000 | -163,000,000 | -157,000,000 | -155,000,000 | -149,000,000 | -148,000,000 | -138,000,000 | -140,000,000 | -139,000,000 | -138,000,000 | -129,000,000 | -129,000,000 | -125,000,000 | -119,000,000 | -123,000,000 | ||||||||||||||||||||||||
mandatory convertible preferred stock dividends paid | -24,000,000 | -25,000,000 | -24,000,000 | -25,000,000 | -23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 1,390,000,000 | 1,306,000,000 | 188,000,000 | 256,000,000 | 1,609,000,000 | 1,207,000,000 | -459,000,000 | 2,116,000,000 | 757,000,000 | 1,944,000,000 | 381,000,000 | 652,000,000 | 1,423,000,000 | -5,879,000,000 | 2,357,000,000 | 2,711,000,000 | 638,000,000 | -2,341,000,000 | 399,000,000 | 1,801,000,000 | 229,000,000 | 2,083,000,000 | 9,891,000,000 | 13,514,000,000 | 440,000,000 | -21,000,000 | 17,000,000 | 1,168,000,000 | 300,000,000 | 2,669,000,000 | 152,000,000 | 552,000,000 | -342,000,000 | 718,000,000 | -507,000,000 | 86,000,000 | -352,000,000 | 388,000,000 | -188,000,000 | 757,000,000 | 214,000,000 | 635,000,000 | 70,000,000 | 539,000,000 | 186,000,000 | 545,000,000 | -502,000,000 | 619,000,000 | 230,000,000 | 715,000,000 | -32,000,000 | 677,000,000 | 215,000,000 | 436,000,000 | -121,000,000 | -175,000,000 | 115,000,000 | -256,000,000 | -656,000,000 | 189,000,000 | -76,000,000 | 184,000,000 | -14,000,000 | -454,000,000 | 198,000,000 | 248,000,000 | -818,000,000 | 1,052,000,000 | -224,000,000 | -329,000,000 | 347,000,000 | 321,000,000 | -264,000,000 | |||
net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | 518,000,000 | 200,000,000 | 57,000,000 | -1,691,000,000 | 1,193,000,000 | -17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at january 1 | 972,000,000 | 0 | 0 | 0 | 1,213,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at march 31 | 1,490,000,000 | 2,406,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restricted cash and restricted cash equivalents | -359,000,000 | 109,000,000 | -147,000,000 | 162,000,000 | -383,000,000 | 62,000,000 | -387,000,000 | -29,000,000 | 1,000,000 | 17,000,000 | -29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at march 31 | 1,131,000,000 | 2,023,000,000 | 1,028,000,000 | 247,000,000 | 229,000,000 | 1,960,000,000 | 2,964,000,000 | 144,000,000 | 164,000,000 | 142,000,000 | 145,000,000 | 108,000,000 | 278,000,000 | 257,000,000 | 240,000,000 | 258,000,000 | 271,000,000 | 253,000,000 | 470,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to wildfire fund | -192,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of customer credit trust investments | -532,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under term loan | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under term loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing, net of issuance costs of 0, 1, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt matured | -500,000,000 | 0 | 0 | -250,000,000 | -250,000,000 | 0 | 0 | -250,000,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 38, 5, and 67 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | -7,000,000 | -7,000,000 | -7,000,000 | -7,000,000 | -7,000,000 | -757,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ab 1054 recovery bonds, net of financing fees of 0, 10 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of sb 901 recovery bonds | -68,000,000 | 0 | -65,000,000 | 0 | -63,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dwr loan | 0 | 380,000,000 | 368,000,000 | 232,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes, net of discount and issuance costs of 0, 0, and 27 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued | 0 | 0 | 0 | 85,000,000 | 63,000,000 | 55,000,000 | 47,000,000 | 35,000,000 | 50,000,000 | 98,000,000 | 101,000,000 | 146,000,000 | 95,000,000 | 438,000,000 | 143,000,000 | 146,000,000 | 91,000,000 | 437,000,000 | 101,000,000 | 151,000,000 | 59,000,000 | 154,000,000 | 287,000,000 | 302,000,000 | 321,000,000 | 162,000,000 | 136,000,000 | 426,000,000 | 387,000,000 | 134,000,000 | 175,000,000 | 82,000,000 | 162,000,000 | 52,000,000 | 79,000,000 | 10,000,000 | 8,000,000 | 29,000,000 | 86,000,000 | 96,000,000 | 75,000,000 | 68,000,000 | 43,000,000 | 39,000,000 | 55,000,000 | 31,000,000 | 63,000,000 | 26,000,000 | ||||||||||||||||||||||||||||
mandatory convertible preferred stock issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at december 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at december 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from self-insurance investments | 483,000,000 | 153,000,000 | 33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing, net of issuance of costs of 0 and 1 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 27 and 13 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ab 1054 recovery bonds, net of financing fees of 0 and 10 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 27 and 9 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 15 and 9 at respective dates | 1,735,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disallowed capital expenditures | 1,000,000 | 349,000,000 | -7,000,000 | 0 | 0 | -10,000,000 | 92,000,000 | 338,000,000 | 87,000,000 | 137,000,000 | 142,000,000 | 75,000,000 | 53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under term loan credit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under term loan credit facilities | -250,000,000 | -2,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings, net of issuance costs of 1, 0, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 5, 67, and 29 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 0, 0 and 36 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ab 1054 recovery bonds, net of financing fees of 10, 0 and 11 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes, net of discount and issuance costs of 0, 27, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 13 and 61 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ab 1054 recovery bonds, net of financing fees of 10 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing, net of issuance costs of 1 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 9 and 61 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash, cash equivalents, and restricted cash | 532,000,000 | 88,000,000 | -30,000,000 | -100,000,000 | -353,000,000 | 468,000,000 | 92,000,000 | 39,000,000 | -31,000,000 | 112,000,000 | 61,000,000 | -369,000,000 | -52,000,000 | -14,702,000,000 | 13,414,000,000 | 390,000,000 | -1,400,000,000 | -489,000,000 | 494,000,000 | 1,297,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at january 1 | 0 | 932,000,000 | 0 | 0 | 0 | 947,000,000 | 0 | 0 | 307,000,000 | 0 | 0 | 627,000,000 | 0 | 0 | 0 | 1,577,000,000 | 0 | 0 | 0 | 1,675,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 9 and 27 at respective dates | 2,259,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at march 31 | 1,020,000,000 | 1,415,000,000 | 276,000,000 | 258,000,000 | 1,967,000,000 | 2,972,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | 39,000,000 | -9,000,000 | -16,000,000 | -46,000,000 | -139,000,000 | 39,000,000 | 1,508,000,000 | 50,000,000 | 11,000,000 | 7,000,000 | 71,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of the sfgo | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit facilities financing fees | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing, net of issuance costs of 0, 0, and 1 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 67, 29, and 33 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 0, 36 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ab 1054 recovery bonds, net of financing fees of 0, 11 and 10 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dwr loan, net of performance based incentives earned of 0, 38, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes, net of discount and issuance costs of 27, 0, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of future revenue from transmission tower license sales, net of fees | 20,000,000 | 0 | 350,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at december 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 61 and 35 at respective dates | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 0 and 36 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 0 and 17 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 27 and 22 at respective dates | 2,223,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current income taxes receivable/payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities subject to compromise | 0 | 0 | 205,000,000 | 208,000,000 | 5,518,000,000 | 2,483,000,000 | 3,388,000,000 | 833,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bridge facility financing fees | 0 | 0 | -7,000,000 | -66,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayments of) intercompany note from the utility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity units issued | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | -87,000,000 | 373,000,000 | -305,000,000 | 258,000,000 | 13,000,000 | 14,000,000 | -13,000,000 | 106,000,000 | -118,000,000 | 47,000,000 | 19,000,000 | -31,000,000 | -95,000,000 | 12,000,000 | 7,000,000 | 24,000,000 | -188,000,000 | 15,000,000 | 0 | 3,000,000 | -123,000,000 | 215,000,000 | 4,000,000 | 35,000,000 | -256,000,000 | -73,000,000 | 110,000,000 | -51,000,000 | 227,000,000 | 82,000,000 | 7,000,000 | -269,000,000 | -455,000,000 | 362,000,000 | 67,000,000 | 52,000,000 | 56,000,000 | -46,000,000 | 44,000,000 | -92,000,000 | -510,000,000 | 418,000,000 | -104,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents at january 1 | 0 | 0 | 449,000,000 | 0 | 0 | 0 | 177,000,000 | 0 | 0 | 0 | 123,000,000 | 0 | 0 | 0 | 151,000,000 | 0 | 0 | 0 | 296,000,000 | 0 | 0 | 0 | 401,000,000 | -304,000,000 | 0 | 0 | 513,000,000 | 0 | 0 | 291,000,000 | -334,000,000 | 0 | 0 | 527,000,000 | -52,000,000 | 0 | 0 | 219,000,000 | -141,000,000 | 0 | 0 | 345,000,000 | -70,000,000 | 0 | 0 | 456,000,000 | ||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, net of amounts capitalized | -216,000,000 | -117,000,000 | -198,000,000 | -119,000,000 | -199,000,000 | -124,000,000 | -187,000,000 | -115,000,000 | -197,000,000 | 466,000,000 | -167,000,000 | -115,000,000 | -204,000,000 | -206,000,000 | -115,000,000 | -215,000,000 | -217,000,000 | -190,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 92,000,000 | 410,000,000 | -2,000,000 | 1,000,000 | 24,000,000 | 0 | -101,000,000 | 36,000,000 | -174,000,000 | 0 | 0 | -88,000,000 | 294,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued in satisfaction of liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to pg&e corporation common stock and treasury stock in connection with the share exchange and tax matters agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of sfgo | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 35 and 47 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 36 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 35 and 33 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of sb 901 recovery bonds, net of financing fees of 17 and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 22 and 18 at respective dates | 2,379,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 476,000,000 | 204,000,000 | 86,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes and tax credits-net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debtor-in-possession credit facility debt issuance costs | -3,000,000 | 0 | 0 | -3,000,000 | 1,000,000 | -3,000,000 | 0 | -111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intercompany note from the utility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities arising from obtaining rou assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase to pg&e corporation common stock and treasury stock in connection with the share exchange and tax matters agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wildfire-related receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debtor-in-possession credit facility | 0 | 0 | 0 | 500,000,000 | 0 | 0 | 1,500,000,000 | 350,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debtor-in-possession credit facility | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-petition long-term debt repaid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 47 and 178 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchanged debt financing fees | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable/payable | 15,000,000 | 3,000,000 | -18,000,000 | 23,000,000 | 25,000,000 | 68,000,000 | 16,000,000 | -4,000,000 | -75,000,000 | 1,000,000 | 36,000,000 | 3,000,000 | 3,000,000 | -21,000,000 | 436,000,000 | -11,000,000 | -28,000,000 | -230,000,000 | 10,000,000 | -192,000,000 | 49,000,000 | -84,000,000 | 124,000,000 | 29,000,000 | -137,000,000 | 32,000,000 | 34,000,000 | -206,000,000 | 389,000,000 | 69,000,000 | 497,000,000 | -48,000,000 | 209,000,000 | 156,000,000 | 58,000,000 | -37,000,000 | ||||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facilities | 2,447,000,000 | 1,985,000,000 | 3,185,000,000 | 75,000,000 | 0 | 0 | 208,000,000 | 460,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under revolving credit facilities | -1,427,000,000 | -4,440,000,000 | 0 | 0 | -260,000,000 | -208,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 33 and 165 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 18 | 2,382,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper, net of discount of 0, 0, and 1 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing, net of issuance costs of 2, 0, and 0 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 178, 0, and 7 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restricted cash and restricted cash equivalents included in other current assets | 14,198,000,000 | -14,406,000,000 | -7,000,000 | 0 | 1,000,000 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 165 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper, net of discount of 0, 1, and 5 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt financing | 350,000,000 | 0 | 0 | 250,000,000 | 500,000,000 | 0 | 0 | 250,000,000 | 250,000,000 | 0 | 0 | 250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 0, 7, and 32 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt matured or repurchased | -45,000,000 | 0 | -350,000,000 | -400,000,000 | -1,100,000,000 | 0 | -400,000,000 | 0 | 0 | -309,000,000 | 0 | -600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper, net of discount of 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1, 5, and 6 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and issuance costs of 7, 32, and 17 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 and 4 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 7 and 11 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 and 3 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 0 and 11 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
butte-related insurance receivable | 197,000,000 | 145,000,000 | -220,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
butte-related third-party claims | -118,000,000 | -141,000,000 | 128,000,000 | -72,000,000 | -44,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 0 and 2 at respective dates | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 0 and 10 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 161,000,000 | 53,000,000 | 0 | 1,000,000 | 0 | 0 | 2,000,000 | -28,000,000 | 66,000,000 | 132,000,000 | 11,000,000 | 46,000,000 | 4,000,000 | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales and maturities of nuclear decommissioning | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trust investments | 248,000,000 | 249,000,000 | 324,000,000 | 470,000,000 | 276,000,000 | 298,000,000 | 282,000,000 | 439,000,000 | 245,000,000 | 244,000,000 | 362,000,000 | 417,000,000 | 277,000,000 | 182,000,000 | 347,000,000 | 530,000,000 | 467,000,000 | 357,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 5, 6, and 3 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 32, 17 and 27 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 and 5 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 11 and 6 at respective dates | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 1 at respective dates | -755,000,000 | -136,000,000 | 458,000,000 | 223,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 10 and 6 at respective dates | 590,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) under revolving credit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 6, 3, and 2 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 17, 27 and 17 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 2 at respective dates | -385,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 6 and 14 at respective dates | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 in 2016 | -577,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs of 6 in 2016 | 594,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 3, 2, and 2 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt, net of issuance costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and issuance costs of 27, 17 and 18 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and issuance costs of 14 and 6 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and issuance costs of 14 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and issuance costs of 13 in 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
psep disallowed capital expenditures | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 2, 2, and 3 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and issuance costs of 17, 18 and 13 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
energy recovery bonds matured | -113,000,000 | -98,000,000 | -102,000,000 | -108,000,000 | -94,000,000 | -97,000,000 | -103,000,000 | -89,000,000 | -93,000,000 | -99,000,000 | -85,000,000 | -89,000,000 | -95,000,000 | -82,000,000 | -83,000,000 | -91,000,000 | -77,000,000 | -83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends declared but not yet paid | 1,000,000 | 213,000,000 | 4,000,000 | 2,000,000 | 1,000,000 | 201,000,000 | 1,000,000 | 193,000,000 | 1,000,000 | 2,000,000 | 181,000,000 | 2,000,000 | 154,000,000 | 0 | 1,000,000 | 139,000,000 | -1,000,000 | 2,000,000 | 126,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures financed through accounts payable | 107,000,000 | 171,000,000 | 45,000,000 | 24,000,000 | -4,000,000 | 257,000,000 | 276,000,000 | -4,000,000 | 55,000,000 | 174,000,000 | 20,000,000 | 235,000,000 | 44,000,000 | -62,000,000 | 242,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash common stock issuances | 5,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 4,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
terminated capital leases | 0 | 136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at respective dates | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount, and issuance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of 6 and 9 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 1 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of 14 and 8 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 in 2014 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of 13 in 2014 | 1,237,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 2, 3, and 4 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount, and issuance costs of 18, 13, and 8 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 4,000,000 | -1,000,000 | 26,000,000 | 717,000,000 | 2,000,000 | -19,000,000 | -2,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 and 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of 9 and 10 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received (paid) for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances (repayments) of commercial paper, net of discount of 1 and 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of 8 and 6 at respective dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper, net of discount of 1 in 2012 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent income taxes receivable/payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from tax equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
because of its nature as a holding company, pg&e corporation classifies dividends received from subsidiaries an investing cash flow. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
on january 15, april 15, july 15, october 15, 2012, pg&e corporation paid quarterly common stock dividends of 0.455 per share. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
on january 15, april 15, july 15, october 15, 2011, pg&e corporation paid quarterly common stock dividends of 0.455 per share. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
on january 15, 2010, pg&e corporation paid a quarterly common stock dividend of 0.42 per share. on april 15, july 15, and october 15, 2010, pg&e corporation paid quarterly common stock dividends of 0.455 per share. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -5,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments) issuances of commercial paper, net of discount of 3 in 2012 and 2 in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 10 in 2012 and 6 in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued, net of issuance costs of 3 in 2012 and 2 in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (payments) issuances of commercial paper, net of discount of 2 in 2012 and in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 6 in 2012 and 2 in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued, net of issuance costs of 2 in 2012 and 1 in 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments) issuances of commercial paper, net of discount of 1 in 2012 and in 2011 | -245,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt matured | -200,000,000 | 0 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net used in financing activities | -94,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 2 in 2011 and 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 6 in 2011 and 12 in 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 2 in 2011 and 1 in 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 2 in 2011 and 5 in 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuances of commercial paper, net of discount of 1 in 2011 | 415,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 2 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other changes in noncurrent assets and liabilities | -242,000,000 | 16,000,000 | -113,000,000 | 107,000,000 | 5,000,000 | -51,000,000 | -406,000,000 | 382,000,000 | 111,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disputed claims and customer refunds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory balancing accounts | 192,000,000 | 171,000,000 | -377,000,000 | 454,000,000 | -48,000,000 | -180,000,000 | 257,000,000 | 5,000,000 | -356,000,000 | 245,000,000 | -208,000,000 | -275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 0 | -7,000,000 | 35,000,000 | 17,000,000 | -22,000,000 | 32,000,000 | -554,000,000 | 328,000,000 | 103,000,000 | -153,000,000 | 100,000,000 | 173,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 292,000,000 | 55,000,000 | -381,000,000 | 174,000,000 | 166,000,000 | -390,000,000 | 11,000,000 | -147,000,000 | 68,000,000 | 65,000,000 | 71,000,000 | -117,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance (repayments) of commercial paper, net of discount of 2 in 2010 and 3 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt, net of issuance costs of 1 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 12 in 2010 and 16 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance (repayments) of commercial paper, net of discount of 1 in 2010 and 3 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 5 in 2010 and 16 in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of nuclear decommissioning trust investments | 337,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance of commercial paper, net of discount of 2 million in 2009 | 418,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 16 million in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 2 million in 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
on january 15, 2009, pg&e corporation paid a quarterly common stock dividend of 0.39 per share. on april 15, july 15, and october 15, 2009, pg&e corporation paid quarterly common stock dividends of 0.42 per share. on january 15, 2008, pg&e corporation paid a quarterly common stock dividend of 0.36 per share. on april 15, july 15, and october 15, 2008, pg&e corporation paid quarterly common stock dividends of 0.39 per share. of the total dividend payments made by pg&e corporation in 2008, approximately 28 million was paid to elm power corporation, a wholly owned subsidiary of pg&e corporation. on january 15, 2007, pg&e corporation paid a quarterly common stock dividend of 0.33 per share. on april 15, july 15, and october 15, 2007, pg&e corporation paid quarterly common stock dividends of 0.36 per share. of the total dividend payments made by pg&e corporation in 2007, approximately 35 million was paid to elm power corporation, a wholly owned subsidiary of pg&e corporation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from nuclear decommissioning trust sales | 223,000,000 | 567,000,000 | 387,000,000 | 485,000,000 | 472,000,000 | 164,000,000 | 155,000,000 | 367,000,000 | 181,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings under revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment) issuance of commercial paper, net of discount of 3 million in 2009 and 9 million in 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt, net of issuance costs of 1 million in 2009 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount, and issuance costs of 16 million in 2009 and 2 million in 2008 | 309,000,000 | 0 | 884,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 3,000,000 | 2,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments under revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper, net of discount of 3 million in 2009 and 2 million in 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance (repayments) of commercial paper, net of discount of 2 million in 2009 and 1 million in 2008 | 96,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (paid) received for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
on january 15, 2008, pg&e corporation paid a quarterly common stock dividend of 0.36 per share. on april 15, july 15, and october 15, 2008, pg&e corporation paid quarterly common stock dividends of 0.39 per share. of the total dividend payments made by pg&e corporation in 2008, approximately 28 million was paid to elm power corporation, a wholly owned subsidiary of pg&e corporation. on january 15, 2007, pg&e corporation paid a quarterly common stock dividend of 0.33 per share. on april 15, july 15, and october 15, 2007, pg&e corporation paid quarterly common stock dividends of 0.36 per share. of the total dividend payments made by pg&e corporation in 2007, approximately 35 million was paid to elm power corporation, a wholly owned subsidiary of pg&e corporation. on january 16, april 15, july 15, and october 15, 2006, pg&e corporation paid a quarterly common stock dividend of 0.33 per share, totaling approximately 489 million. of the total dividend payments made by pg&e corporation in 2006, approximately 33 million was paid to elm power corporation, a wholly owned subsidiary of pg&e corporation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization, decommissioning, and allowance for equity funds used during construction | 467,000,000 | 453,000,000 | 417,000,000 | 505,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
money market investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under accounts receivable facility and working capital facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under accounts receivable facility and working capital facility | 0 | 0 | -250,000,000 | 0 | -300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance of commercial paper, net of 9 million discount in 2008 and 2 million in 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of premium, discount, and issuance costs of 2 million in 2008 and 10 million in 2007 | 95,000,000 | 0 | 598,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt repurchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rate reduction bonds matured | -74,000,000 | -68,000,000 | -75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 189,000,000 | 71,000,000 | 189,000,000 | 204,000,000 | 111,000,000 | 128,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid (refunded) | -86,000,000 | 57,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayment) issuance of commercial paper, net of 1 million discount in 2008 and 2 million in 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt matured, redeemed, or repurchased | -154,000,000 | -300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net effect of changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of assets | 6,000,000 | 7,000,000 | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayment of commercial paper, net of discount of 4 million in 2007 | -198,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of negt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock repurchase by subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt redeemed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other deferred charges and noncurrent liabilities | 151,000,000 | 62,000,000 | 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued taxes and income taxes receivable | 295,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments under accounts receivable facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net issuance of commercial paper, net of 2 million discount in 2007 | -18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discount and issuance costs of 10 million in 2007 | 0 | 0 | 690,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of capital lease obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization, decommissioning and allowance for equity funds used during construction | 454,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued taxes/income taxes receivable | 58,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayment of commercial paper, net of 4 million discount on borrowings | -425,000,000 |