financial statements

The full income statement, balance sheet, and cash-flow statement for Pacific Gas & Electric Co. (PCG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	24.9B YoY+2.1%	24.4B YoY-0.0%	24.4B YoY+12.7%	21.7B YoY+5.0%	20.6B YoY+11.8%
Provision for credit losses	402M YoY+17.9%	341M YoY-46.4%	636M YoY+344.8%	143M YoY-7.1%	154M YoY+2.7%
Operating income	4.75B YoY+6.5%	4.46B YoY+66.9%	2.67B YoY+45.4%	1.84B YoY-2.4%	1.88B YoY+7.3%
Interest expense	3.03B YoY-0.8%	3.05B YoY+7.1%	2.85B YoY+48.7%	1.92B YoY+19.7%	1.60B YoY+27.1%
Interest & investment income	520M YoY-13.9%	604M YoY-0.3%	606M YoY+274.1%	162M YoY+710.0%	20.0M YoY-48.7%
Other non-operating income	182M YoY-39.3%	300M YoY+10.3%	272M YoY-31.0%	394M YoY-13.8%	457M YoY-5.4%
Pre-tax income	2.42B YoY+4.8%	2.31B YoY+230.8%	699M YoY+46.8%	476M YoY-36.4%	748M YoY+179.4%
Income tax	-280M YoY-40.0%	-200M YoY+87.2%	-1.56B YoY-16.4%	-1.34B YoY-260.0%	836M YoY+130.9%
	2.59K YoY+4.8%	2.48K YoY+10.4%	2.24K YoY+24.6%	1.80K YoY+1864.7%	-102 YoY+100.0%
Preferred dividends	110M YoY+197.3%	37.0M YoY+164.3%	14.0M YoY+0.0%	14.0M YoY+0.0%	14.0M YoY+0.0%
Net income to common	2.59B YoY+4.8%	2.48B YoY+10.4%	2.24B YoY+24.6%	1.80B YoY+1864.7%	-102M YoY+92.3%
	$1.18 YoY+2.6%	$1.15 YoY+9.5%	$1.05 YoY+25.0%	$0.84 YoY+1780.0%	-$0.05 YoY+95.2%
EPS (basic)	$1.18 YoY+1.7%	$1.16 YoY+6.4%	$1.09 YoY+19.8%	$0.91 YoY+1920.0%	-$0.05 YoY+95.2%
Weighted-avg shares (basic)	2.20B YoY+2.6%	2.14B YoY+3.7%	2.06B YoY+3.9%	1.99B YoY+0.1%	1.99B YoY+57.9%
Weighted-avg shares (diluted)	2.20B YoY+2.6%	2.15B YoY+0.4%	2.14B YoY+0.3%	2.13B YoY+7.4%	1.99B YoY+57.9%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	15.8B YoY-8.1%	17.2B YoY+19.7%	14.4B YoY+12.2%	12.8B YoY+15.7%	11.1B YoY+15.4%
Cash & equivalents	713M YoY-24.1%	940M YoY+48.0%	635M YoY-13.5%	734M YoY+152.2%	291M YoY-39.9%
Accounts receivable	2.27B YoY+2.1%	2.22B YoY+8.4%	2.05B YoY-22.6%	2.65B YoY+12.8%	2.35B YoY+24.5%
Inventory	75.0M YoY+44.2%	52.0M YoY-20.0%	65.0M YoY-28.6%	91.0M YoY+106.8%	44.0M YoY-53.7%
Other current assets	644M YoY-35.5%	999M YoY-27.3%	1.38B YoY-4.0%	1.43B YoY+62.5%	882M YoY-33.9%
	142B YoY+5.9%	134B YoY+6.3%	126B YoY+5.9%	119B YoY+14.8%	103B YoY+5.6%
Property, plant & equipment	69.4B YoY+0.0%	69.4B YoY+0.0%	69.4B YoY+0.0%	69.4B YoY+0.0%	69.4B YoY+4.9%
Operating lease right-of-use	450M YoY-14.1%	524M YoY-12.4%	598M YoY-54.4%	1.31B YoY+6.2%	1.23B YoY-29.1%
Intangible assets	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%
Other non-current assets	4.24B YoY+10.1%	3.85B YoY+25.0%	3.08B YoY+3.7%	2.97B YoY+3.7%	2.86B YoY+44.7%
	16.3B YoY-0.2%	16.3B YoY-5.7%	17.3B YoY+9.7%	15.8B YoY-9.4%	17.4B YoY+28.3%
Accounts payable	3.35B YoY+22.0%	2.75B YoY+19.0%	2.31B YoY-20.0%	2.89B YoY+1.2%	2.85B YoY+18.9%
Accrued liabilities	426M YoY+0.0%	426M YoY+0.0%	426M YoY+0.0%	426M YoY+0.0%	426M YoY+0.0%
Short-term & current debt	821M YoY-61.7%	2.15B YoY+56.0%	1.38B YoY-39.3%	2.27B YoY-49.4%	4.48B YoY+15903.6%
Current lease liability	90.0M YoY+5.9%	85.0M YoY+6.3%	80.0M YoY-65.4%	231M YoY-50.6%	468M YoY-12.2%
Other current liabilities	4.03B YoY+10.0%	3.66B YoY-22.1%	4.70B YoY+39.3%	3.37B YoY+38.4%	2.44B YoY+8.0%
Long-term debt	57.4B YoY+7.1%	53.6B YoY+5.1%	51.0B YoY+6.8%	47.7B YoY+24.9%	38.2B YoY+2.5%
Non-current lease liability	360M YoY-18.0%	439M YoY-15.3%	518M YoY-58.3%	1.24B YoY+53.5%	810M YoY-32.9%
Deferred tax liabilities	4.13B YoY+34.2%	3.08B YoY+55.7%	1.98B YoY-27.5%	2.73B YoY-14.0%	3.18B YoY+127.3%
Other non-current liabilities	4.46B YoY+7.0%	4.17B YoY+14.7%	3.63B YoY-15.3%	4.29B YoY-0.4%	4.31B YoY+12.0%
Total non-current liabilities	92.5B YoY+6.4%	86.9B YoY+4.6%	83.1B YoY+4.2%	79.8B YoY+23.4%	64.7B YoY+2.6%
	32.5B YoY+7.9%	30.1B YoY+20.4%	25.0B YoY+9.7%	22.8B YoY+8.8%	21.0B YoY-0.1%
Preferred stock	1.58B YoY+0.0%	1.58B	0.00	0.00	0.00
Common stock	31.6B YoY+0.3%	31.6B YoY+3.9%	30.4B YoY-7.6%	32.9B YoY-6.4%	35.1B YoY+16.2%
Retained earnings	-650M YoY+78.1%	-2.97B YoY+44.3%	-5.32B YoY+29.4%	-7.54B YoY+18.8%	-9.28B YoY-1.0%
Treasury stock	0.00	0.00	0.00 YoY-100.0%	2.52B YoY-48.1%	4.85B
Accumulated other comprehensive income	-25.0M YoY-31.6%	-19.0M YoY-46.2%	-13.0M YoY-160.0%	-5.00M YoY+75.0%	-20.0M YoY+25.9%
Non-controlling interest	252M YoY+0.0%	252M YoY+0.0%	252M YoY+0.0%	252M YoY+0.0%	252M YoY+0.0%
Total equity incl. non-controlling	32.8B YoY+7.9%	30.4B YoY+20.2%	25.3B YoY+9.6%	23.1B YoY+8.7%	21.2B YoY-0.1%
Total liabilities & equity	142B YoY+5.9%	134B YoY+6.3%	126B YoY+5.9%	119B YoY+14.8%	103B YoY+5.6%
Common shares issued	371M YoY+0.0%	371M YoY+0.0%	371M YoY+0.0%	371M YoY+0.0%	371M YoY+0.0%
Common shares outstanding	2.20B YoY+0.2%	2.19B YoY+2.8%	2.13B YoY+7.3%	1.99B YoY+0.1%	1.99B YoY+0.0%
Shares outstanding (cover)	2.68B YoY+2.3%	2.62B YoY+0.2%	2.61B YoY+5.9%	2.47B YoY+0.1%	2.46B YoY+24.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.72B YoY+8.5%	8.04B YoY+69.3%	4.75B YoY+27.6%	3.72B YoY+64.5%	2.26B YoY+111.8%
Change in inventory	0.00 YoY+100.0%	-45.0M YoY-260.7%	28.0M YoY-88.6%	246M YoY+668.8%	32.0M YoY+633.3%
Change in payables	176M YoY+486.7%	30.0M YoY+133.3%	-90.0M YoY-114.4%	627M YoY+435.9%	117M YoY+101.7%
Other operating activities	-75.0M YoY-124.2%	310M YoY+367.2%	-116M YoY-122.4%	517M YoY+108.5%	248M YoY-0.4%
	-12.3B YoY-8.3%	-11.4B YoY-24.2%	-9.16B YoY+10.3%	-10.2B YoY-47.9%	-6.91B YoY+10.9%
Capital expenditure	11.8B YoY+13.7%	10.4B YoY+6.7%	9.71B YoY+1.4%	9.58B YoY+24.6%	7.69B YoY-0.0%
Proceeds from sale of PP&E	—	—	0.00	0.00 YoY-100.0%	749M
Other investing activities	-22.0M YoY+37.1%	-35.0M YoY-169.2%	-13.0M YoY+61.8%	-34.0M YoY+42.4%	-59.0M YoY-321.4%
	3.36B YoY-7.2%	3.62B YoY-17.7%	4.40B YoY-38.3%	7.13B YoY+65.0%	4.32B YoY-83.3%
Long-term debt repaid	3.88B YoY+384.5%	800M YoY-74.0%	3.08B YoY-48.5%	5.97B YoY+6759.8%	87.0M YoY-88.6%
Common stock issued	0.00 YoY-100.0%	1.13B	0.00	0.00	—
Dividends paid	—	86.0M	0.00	0.00	—
Other financing activities	-87.0M YoY-47.5%	-59.0M YoY-247.1%	-17.0M YoY-132.1%	53.0M YoY+282.8%	-29.0M YoY+27.5%
Net change in cash	-241M YoY-185.8%	281M YoY+1973.3%	-15.0M YoY-102.3%	640M YoY+300.0%	-320M YoY+66.3%
Interest paid	2.67B YoY+10.1%	2.42B YoY+5.9%	2.29B YoY+42.3%	1.61B YoY+14.5%	1.40B YoY-10.2%
Income taxes paid	—	—	0.00	0.00 YoY+100.0%	-99.0M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	43.0B YoY-18.5%	52.8B YoY+12.1%	47.1B YoY+17.4%	40.1B YoY+34.1%	29.9B YoY+20.9%
P/E	16582244.5× YoY-22.2%	21323846.8× YoY+1657319.7%	1286.6× YoY+5872.7%	21.5×	—
P/S	1.7× YoY-20.2%	2.2× YoY+6.2%	2.0× YoY+9.4%	1.9× YoY+28.4%	1.4× YoY+8.2%
P/B	1.3× YoY-24.5%	1.8× YoY-8.8%	1.9× YoY+6.5%	1.8× YoY+26.4%	1.4× YoY+21.1%
Earnings yield	0.0% YoY+28.6%	0.0% YoY-100.0%	0.1% YoY-98.3%	4.6%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PCG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PCG filings on SEC EDGAR → Not investment advice.

PCG▼ financial statements

About this data

financial statements