PG&E (PCG) Financials

$17.07 +0.15 (+0.86%)

Closing price 03:59 PM Eastern

Extended Trading

$17.14 +0.07 (+0.40%)

As of 07:37 PM Eastern

Annual Income Statements for PG&E

This table shows PG&E's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	874	1,393	1,646	-6,851	-7,656	-1,318	-102	1,800	2,242	2,475
Consolidated Net Income / (Loss)	888	1,407	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Net Income / (Loss) Continuing Operations	888	1,407	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Total Pre-Tax Income	861	1,462	2,171	-10,129	-11,042	-942	748	476	699	2,312
Total Operating Income	1,508	2,080	2,905	-9,700	-10,094	1,755	1,883	1,837	2,671	4,459
Total Gross Profit	4,120	12,286	5,759	5,107	13,300	5,887	6,061	7,015	18,964	20,933
Total Revenue	16,833	17,666	17,135	16,759	17,129	18,469	20,642	21,680	23,161	24,386
Operating Revenue	16,833	17,666	17,135	16,759	17,129	18,469	20,642	21,680	23,161	24,386
Total Cost of Revenue	12,713	5,380	11,376	11,652	3,829	12,582	14,581	14,665	4,197	3,453
Operating Cost of Revenue	12,713	5,380	11,376	11,652	3,829	12,582	14,581	14,665	4,197	3,453
Total Operating Expenses	2,612	10,206	2,854	14,807	23,394	4,132	4,178	5,178	16,293	16,474
Depreciation Expense	2,612	2,755	2,854	3,036	3,234	3,468	3,403	3,856	3,738	4,189
Other Operating Expenses / (Income)	-	7,451	0.00	11,771	20,160	251	258	845	11,988	11,902
Other Special Charges / (Income)	-	-	-	0.00	0.00	413	517	477	567	383
Total Other Income / (Expense), net	-647	-618	-734	-429	-948	-2,697	-1,135	-1,361	-1,972	-2,147
Interest Expense	773	829	888	929	934	1,260	1,601	1,917	2,850	3,051
Interest & Investment Income	9.00	23	-	76	82	39	20	162	606	604
Other Income / (Expense), net	117	188	154	424	-96	-1,476	446	394	272	300
Income Tax Expense	-27	55	511	-3,292	-3,400	362	836	-1,338	-1,557	-200
Preferred Stock Dividends Declared	14	14	14	28	14	14	14	14	14	37
Basic Earnings per Share	$1.81	$2.79	$3.21	($13.25)	($14.50)	($1.05)	($0.05)	$0.91	$1.09	$1.16
Weighted Average Basic Shares Outstanding	484M	499M	512M	517M	528M	1.26B	1.99B	1.99B	2.06B	2.14B
Diluted Earnings per Share	$1.79	$2.78	$3.21	($13.25)	($14.50)	($1.05)	($0.05)	$0.84	$1.05	$1.15
Weighted Average Diluted Shares Outstanding	487M	501M	513M	517M	528M	1.26B	1.99B	2.13B	2.14B	2.15B
Weighted Average Basic & Diluted Shares Outstanding	757.21M	-	512.80M	517.10M	793.63M	2.25B	5.19B	5.20B	5.49B	2.94B
Cash Dividends to Common per Share	$0.00	-	-	-	-	-	-	-	-	$0.06

This table shows PG&E's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	456	513	569	406	348	919	732	520	576	647	607
Consolidated Net Income / (Loss)	459	517	572	410	351	923	735	524	579	674	634
Net Income / (Loss) Continuing Operations	459	517	572	410	351	923	735	524	579	674	634
Total Pre-Tax Income	362	-192	224	75	-65	465	774	606	473	459	673
Total Operating Income	726	130	629	506	401	1,135	1,276	1,134	1,029	1,020	1,220
Total Gross Profit	1,855	1,847	4,498	1,908	4,538	8,020	5,011	2,262	4,984	8,676	2,442
Total Revenue	5,394	5,370	5,936	5,290	5,542	6,393	5,861	5,986	5,908	6,631	5,983
Operating Revenue	5,394	5,370	5,936	5,290	5,542	6,393	5,861	5,986	5,908	6,631	5,983
Total Cost of Revenue	3,539	3,523	1,438	3,382	1,004	-1,627	850	3,724	924	-2,045	3,541
Operating Cost of Revenue	3,539	3,523	1,438	3,382	1,004	-1,627	850	3,724	924	-2,045	3,541
Total Operating Expenses	1,129	1,717	3,869	1,402	4,137	6,885	3,735	1,128	3,955	7,656	1,222
Depreciation Expense	1,002	941	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097
Other Operating Expenses / (Income)	9.00	652	2,675	288	3,107	5,918	2,635	-3.00	2,757	6,513	49
Other Special Charges / (Income)	118	124	117	117	219	114	78	78	139	88	76
Total Other Income / (Expense), net	-364	-322	-405	-431	-466	-670	-502	-528	-556	-561	-547
Interest Expense	525	562	602	640	682	926	715	812	795	729	734
Interest & Investment Income	43	92	112	143	154	197	137	202	156	109	117
Other Income / (Expense), net	118	148	85	66	62	59	76	82	83	59	70
Income Tax Expense	-97	-709	-348	-335	-416	-458	39	82	-106	-215	39
Preferred Stock Dividends Declared	3.00	4.00	3.00	4.00	3.00	4.00	3.00	4.00	3.00	27	27
Basic Earnings per Share	$0.23	$0.26	$0.29	$0.20	$0.16	$0.44	$0.34	$0.24	$0.27	$0.31	$0.28
Weighted Average Basic Shares Outstanding	1.99B	1.99B	1.99B	2.02B	2.11B	2.06B	2.13B	2.14B	2.14B	2.14B	2.20B
Diluted Earnings per Share	$0.21	$0.24	$0.27	$0.19	$0.16	$0.43	$0.34	$0.24	$0.27	$0.30	$0.28
Weighted Average Diluted Shares Outstanding	2.13B	2.13B	2.13B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.15B	2.20B
Weighted Average Basic & Diluted Shares Outstanding	5.20B	5.20B	5.21B	5.40B	5.49B	5.49B	2.88B	2.88B	2.88B	2.94B	2.94B
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.01	-	$0.03

This table details how cash moves in and out of PG&E's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-	6,845	8,304	1,064	-98	-950	-320	640	-15	281
Net Cash From Operating Activities	-	5,558	5,888	4,752	4,816	-19,130	2,262	3,721	4,747	8,035
Net Cash From Continuing Operating Activities	-	5,558	5,888	4,752	4,816	-19,130	2,262	3,721	4,747	8,035
Net Income / (Loss) Continuing Operations	-	2,809	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Consolidated Net Income / (Loss)	-	2,809	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Depreciation Expense	-	2,755	2,854	3,036	3,234	3,468	3,403	3,856	3,738	4,189
Non-Cash Adjustments To Reconcile Net Income	-	1,704	-82	13,620	735	-3,162	877	442	522	531
Changes in Operating Assets and Liabilities, net	-	4,528	1,666	1,485	8,489	-18,132	-1,930	-2,391	-1,769	803
Net Cash From Investing Activities	-	-44	1,314	-6,564	-6,378	-7,748	-6,905	-10,214	-9,162	-11,375
Net Cash From Continuing Investing Activities	-	-44	1,314	-6,564	-6,378	-7,748	-6,905	-10,214	-9,162	-11,375
Purchase of Property, Plant & Equipment	-	-	-	-	-6,313	-7,690	-7,689	-9,584	-9,714	-10,369
Purchase of Investments	-	-	-	-	-1,032	-1,590	-1,702	-4,230	-2,252	-2,521
Sale and/or Maturity of Investments	-	2,647	1,291	2,897	956	1,518	1,678	3,566	2,791	2,378
Other Investing Activities, net	-	-13	-23	-23	11	14	59	34	13	-863
Net Cash From Financing Activities	-	1,331	1,102	2,876	1,464	25,928	4,323	7,133	4,400	3,621
Net Cash From Continuing Financing Activities	-	1,331	1,102	2,876	1,464	25,928	4,323	7,133	4,400	3,621
Repayment of Debt	-	-53	-840	-202	-471	-6,862	-11,242	-15,965	-10,330	-13,581
Payment of Dividends	-	-921	1,021	-	-	-	-	0.00	0.00	-86
Issuance of Debt	-	1,483	3,963	7,673	1,850	23,999	14,354	22,837	14,898	13,776
Issuance of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	1,579
Issuance of Common Equity	-	822	-	0.00	0.00	8,886	-	0.00	0.00	1,128
Other Financing Activities, net	-	0.00	-	45	85	-95	1,211	261	-168	805
Cash Interest Paid	-	726	790	786	10	1,563	1,404	1,607	2,286	2,421

This table details how cash moves in and out of PG&E's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	92	540	468	-353	-100	-30	88	532	-322	-17	1,193
Net Cash From Operating Activities	1,073	1,009	1,185	1,275	1,810	477	2,261	711	3,131	1,932	2,848
Net Cash From Continuing Operating Activities	1,073	1,009	1,185	1,275	1,810	477	2,261	711	3,131	1,932	2,848
Net Income / (Loss) Continuing Operations	459	517	572	410	351	923	735	524	579	674	634
Consolidated Net Income / (Loss)	459	517	572	410	351	923	735	524	579	674	634
Depreciation Expense	1,002	941	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097
Non-Cash Adjustments To Reconcile Net Income	167	-36	256	271	478	-483	148	143	248	-8.00	176
Changes in Operating Assets and Liabilities, net	-555	-413	-720	-403	170	-816	356	-1,009	1,245	211	941
Net Cash From Investing Activities	-3,338	-1,896	-2,140	-2,280	-2,291	-2,451	-2,930	-2,295	-2,994	-3,156	-3,264
Net Cash From Continuing Investing Activities	-3,338	-1,896	-2,140	-2,280	-2,291	-2,451	-2,930	-2,295	-2,994	-3,156	-3,264
Purchase of Property, Plant & Equipment	-2,872	-2,173	-2,288	-2,392	-2,421	-2,613	-2,638	-2,298	-2,605	-2,828	-2,635
Purchase of Investments	-1,320	-1,084	-303	-499	-500	-950	-834	-683	-428	-576	-986
Sale and/or Maturity of Investments	766	1,431	446	609	626	1,110	538	680	483	677	377
Other Investing Activities, net	88	-70	5.00	2.00	4.00	2.00	4.00	6.00	-444	-429	-20
Net Cash From Financing Activities	2,357	1,427	1,423	652	381	1,944	757	2,116	-459	1,207	1,609
Net Cash From Continuing Financing Activities	2,357	1,427	1,423	652	381	1,944	757	2,116	-459	1,207	1,609
Repayment of Debt	-3,614	-2,617	-4,857	-3,213	-1,717	-543	-4,148	-1,236	-5,946	-2,251	-24
Payment of Dividends	-	-	0.00	-	-	-	-21	-22	-21	-22	-55
Issuance of Debt	5,971	3,783	6,294	3,932	2,122	2,550	4,717	3,070	5,151	838	1,735
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	-	-	-23
Other Financing Activities, net	-	-	-14	-67	-24	-63	209	304	357	-65	-24
Cash Interest Paid	592	312	598	470	693	525	712	487	712	510	707

This table presents PG&E's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	63,234	68,598	68,012	76,995	85,196	97,856	57,290	118,644	125,698	133,660
Total Current Assets	5,813	6,164	6,281	9,195	10,165	9,602	8,271	12,815	14,383	17,216
Cash & Equivalents	123	177	449	1,668	1,570	484	291	734	635	940
Restricted Cash	234	0.00	-	-	7.00	143	16	213	297	273
Accounts Receivable	1,392	2,053	2,104	3,834	6,987	3,055	1,784	4,269	3,542	5,517
Inventories, net	439	463	481	554	647	628	596	842	870	820
Other Current Assets	3,470	3,311	3,247	3,116	954	5,292	5,584	6,757	9,039	9,666
Plant, Property, & Equipment, net	46,723	50,581	53,789	58,557	61,635	66,136	3,479	76,208	82,321	88,229
Plant, Property & Equipment, gross	67,342	72,595	77,248	83,272	88,090	93,894	3,479	107,135	114,627	246,254
Accumulated Depreciation	20,619	22,014	23,459	24,715	26,455	27,758	-	30,946	33,093	35,305
Total Noncurrent Assets	10,698	11,853	7,942	9,243	13,396	22,118	45,540	29,621	28,994	29,029
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	814
Noncurrent Deferred & Refundable Income Taxes	135	70	65	69	67	67	9.00	9.00	24	1.00
Other Noncurrent Operating Assets	10,563	11,783	7,877	9,174	13,329	22,051	45,531	29,612	28,970	28,214
Total Liabilities & Shareholders' Equity	63,234	68,598	68,012	76,995	85,196	97,856	70,399	118,644	125,698	133,660
Total Liabilities	46,406	50,406	48,540	64,092	79,808	76,603	39,892	95,569	100,147	103,259
Total Current Liabilities	6,363	7,564	7,129	41,695	7,631	13,581	17,427	15,788	17,314	16,330
Short-Term Debt	1,179	2,216	1,376	21,994	0.00	3,575	6,665	4,323	5,347	3,669
Accounts Payable	1,812	1,928	2,163	2,439	4,317	2,982	3,534	3,666	3,160	6,665
Other Current Liabilities	3,166	3,204	2,812	17,034	3,310	6,526	6,747	7,173	7,869	5,236
Other Current Nonoperating Liabilities	206	216	217	228	4.00	498	481	626	679	760
Total Noncurrent Liabilities	40,043	42,842	41,411	22,397	72,177	63,022	22,465	79,781	83,092	86,929
Long-Term Debt	15,925	16,220	17,753	-	0.00	37,288	-	47,742	50,975	53,569
Capital Lease Obligations	-	-	-	-	-	-	-	-	-	4.00
Asset Retirement Reserve & Litigation Obligation	9,964	11,489	13,578	14,533	15,124	16,836	17,297	23,542	24,956	24,861
Noncurrent Deferred & Payable Income Tax Liabilities	9,206	10,213	5,822	3,281	320	1,398	-	2,732	1,980	3,082
Noncurrent Employee Benefit Liabilities	2,622	2,641	2,128	2,119	1,884	2,444	860	231	476	808
Other Noncurrent Operating Liabilities	2,326	2,279	2,130	2,464	54,849	5,056	4,308	5,534	4,705	4,605
Total Equity & Noncontrolling Interests	16,828	18,192	19,472	12,903	5,388	21,253	21,223	23,075	25,292	30,401
Total Preferred & Common Equity	16,576	17,940	19,220	12,651	5,136	21,001	20,971	22,823	25,040	30,149
Preferred Stock	-	-	-	-	-	-	-	-	-	1,579
Total Common Equity	16,576	17,940	19,220	12,651	5,136	21,001	30,255	22,823	25,040	28,570
Common Stock	11,282	12,198	12,632	12,910	13,038	30,224	35,129	32,887	30,374	31,555
Retained Earnings	5,301	5,751	6,596	-250	-7,892	-9,196	-	-7,542	-5,321	-2,966
Accumulated Other Comprehensive Income / (Loss)	-7.00	-9.00	-8.00	-9.00	-10	-27	-20	-5.00	-13	-19
Noncontrolling Interest	252	252	252	252	252	252	252	252	252	252

This table presents PG&E's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	117,012	118,644	69,018	120,705	123,009	125,698	127,645	130,788	132,319	133,660	135,443
Total Current Assets	12,210	12,815	9,269	12,681	12,809	14,383	15,231	16,739	17,547	17,216	16,893
Cash & Equivalents	262	734	1,028	805	589	635	658	1,315	895	940	2,023
Restricted Cash	145	213	387	257	373	297	362	237	335	273	383
Accounts Receivable	4,987	4,269	1,381	3,121	3,357	3,542	3,669	3,387	3,941	5,517	1,879
Inventories, net	748	842	835	888	888	870	821	823	812	820	789
Other Current Assets	6,068	6,757	5,638	7,610	7,602	9,039	9,721	10,977	11,564	9,666	9,686
Plant, Property, & Equipment, net	75,075	76,208	4,280	78,773	81,046	82,321	83,651	85,242	86,379	88,229	89,671
Plant, Property & Equipment, gross	105,513	107,135	4,280	110,972	112,883	114,627	116,585	118,852	120,158	246,254	124,891
Accumulated Depreciation	30,438	30,946	-	32,199	32,625	33,093	33,718	34,396	34,594	35,305	36,034
Total Noncurrent Assets	29,727	29,621	55,469	29,251	29,154	28,994	28,763	28,807	28,393	29,029	28,879
Noncurrent Deferred & Refundable Income Taxes	9.00	9.00	9.00	9.00	9.00	24	24	1.00	1.00	1.00	1.00
Other Noncurrent Operating Assets	29,718	29,612	55,460	29,242	29,145	28,970	28,739	28,806	28,392	28,214	28,878
Total Liabilities & Shareholders' Equity	117,012	118,644	74,021	120,705	123,009	125,698	127,645	130,788	132,319	133,660	135,443
Total Liabilities	94,526	95,569	43,462	96,690	98,371	100,147	101,391	103,504	104,649	103,259	103,692
Total Current Liabilities	14,027	15,788	14,801	13,202	15,172	17,314	15,453	18,543	16,883	16,330	17,822
Short-Term Debt	2,825	4,323	5,021	3,874	4,179	5,347	3,744	6,550	4,150	3,669	6,223
Accounts Payable	3,597	3,666	3,075	3,141	3,494	3,160	2,991	3,045	3,137	6,665	3,311
Other Current Liabilities	7,166	7,173	6,139	5,525	6,653	7,869	7,866	7,446	8,361	5,236	7,600
Other Current Nonoperating Liabilities	439	626	566	662	592	679	581	723	651	760	688
Total Noncurrent Liabilities	80,499	79,781	28,661	83,488	83,453	83,092	86,209	85,740	88,350	86,929	85,870
Long-Term Debt	47,854	47,742	-	50,230	50,343	50,975	53,415	52,664	54,748	53,569	52,659
Capital Lease Obligations	-	-	-	-	-	-	-	-	-	4.00	4.00
Asset Retirement Reserve & Litigation Obligation	23,144	23,542	24,035	24,489	24,874	24,956	25,172	25,464	25,785	24,861	25,146
Noncurrent Deferred & Payable Income Tax Liabilities	3,224	2,732	-	2,422	2,181	1,980	2,225	2,484	2,670	3,082	3,251
Noncurrent Employee Benefit Liabilities	669	231	232	226	220	476	474	464	454	808	813
Other Noncurrent Operating Liabilities	5,608	5,534	4,394	6,121	5,835	4,705	4,923	4,664	4,693	4,605	3,997
Total Equity & Noncontrolling Interests	22,486	23,075	23,586	24,015	24,384	25,292	25,983	26,505	27,086	30,401	30,937
Total Preferred & Common Equity	22,234	22,823	23,334	23,763	24,132	25,040	25,731	26,253	26,834	30,149	30,685
Preferred Stock	-	-	-	-	-	-	-	-	-	1,579	1,579
Total Common Equity	22,234	22,823	30,307	23,763	24,132	25,040	25,731	26,253	26,834	28,570	29,106
Common Stock	34,164	32,887	32,214	31,628	31,041	30,374	30,356	30,379	30,402	31,555	31,532
Retained Earnings	-8,055	-7,542	-	-6,567	-6,219	-5,321	-4,611	-4,112	-3,558	-2,966	-2,414
Accumulated Other Comprehensive Income / (Loss)	-37	-5.00	0.00	0.00	-2.00	-13	-14	-14	-10	-19	-12
Noncontrolling Interest	252	252	252	252	252	252	252	252	252	252	252

This table displays calculated financial ratios and metrics derived from PG&E's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.50%	4.95%	-3.01%	-2.19%	2.21%	7.82%	11.77%	5.03%	6.83%	5.29%
EBITDA Growth	-14.44%	18.55%	17.72%	-205.53%	-11.47%	153.87%	52.98%	6.19%	9.76%	33.93%
EBIT Growth	-35.49%	39.57%	34.88%	-403.24%	-9.85%	102.74%	734.77%	-4.21%	31.91%	61.71%
NOPAT Growth	-29.79%	28.71%	10.96%	-405.69%	-4.06%	117.39%	-118.03%	3,260.15%	23.14%	-43.80%
Net Income Growth	-69.23%	58.45%	17.98%	-511.87%	-11.77%	82.94%	93.25%	2,161.36%	24.37%	11.35%
EPS Growth	-70.75%	55.31%	15.47%	-512.77%	-9.43%	92.76%	95.24%	1,780.00%	25.00%	9.52%
Operating Cash Flow Growth	0.00%	0.00%	5.94%	-19.29%	1.35%	-497.22%	111.82%	64.50%	27.57%	69.26%
Free Cash Flow Firm Growth	196.62%	-109.04%	158.72%	-461.69%	1,302.14%	-352.23%	165.90%	-216.13%	104.18%	-184.60%
Invested Capital Growth	-19.57%	8.54%	4.64%	-12.80%	-88.60%	1,524.82%	-60.90%	208.70%	9.09%	7.82%
Revenue Q/Q Growth	-0.83%	3.19%	-3.45%	-0.07%	3.98%	0.03%	2.47%	0.58%	7.58%	0.99%
EBITDA Q/Q Growth	-2.80%	22.27%	-5.10%	-273.43%	42.13%	386.03%	1.74%	-5.51%	14.15%	0.98%
EBIT Q/Q Growth	-7.51%	69.13%	-10.87%	-1,593.72%	33.10%	105.96%	5.86%	-16.25%	45.19%	-2.36%
NOPAT Q/Q Growth	-4.57%	49.27%	-35.28%	-4,027.13%	33.94%	158.34%	77.71%	65.81%	-88.25%	-11.08%
Net Income Q/Q Growth	-61.74%	34.64%	-18.71%	-4,658.00%	29.88%	74.54%	75.56%	2.31%	21.95%	-9.02%
EPS Q/Q Growth	-63.24%	66.47%	-26.54%	-5,196.15%	30.72%	89.48%	-102.84%	-2.33%	22.09%	-10.16%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-16.03%	-8.01%	0.25%	-3.57%	5.60%	27.39%	-10.08%	22.11%
Free Cash Flow Firm Q/Q Growth	822.01%	61.37%	-96.13%	-62.58%	2.41%	-2.54%	837.75%	-703.06%	-97.32%	12.08%
Invested Capital Q/Q Growth	-22.86%	-22.67%	2.48%	-13.70%	-36.69%	4.26%	-61.86%	2.22%	3.59%	2.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.48%	69.55%	33.61%	30.47%	77.65%	31.88%	29.36%	32.36%	81.88%	85.84%
EBITDA Margin	25.17%	28.43%	34.51%	-37.23%	-40.61%	20.29%	27.77%	28.08%	28.85%	36.69%
Operating Margin	8.96%	11.77%	16.95%	-57.88%	-58.93%	9.50%	9.12%	8.47%	11.53%	18.29%
EBIT Margin	9.65%	12.84%	17.85%	-55.35%	-59.49%	1.51%	11.28%	10.29%	12.71%	19.52%
Profit (Net Income) Margin	5.28%	7.96%	9.69%	-40.80%	-44.61%	-7.06%	-0.43%	8.37%	9.74%	10.30%
Tax Burden Percent	103.14%	96.24%	76.46%	67.50%	69.21%	138.43%	-11.76%	381.09%	322.75%	108.65%
Interest Burden Percent	52.98%	64.46%	70.97%	109.20%	108.36%	-337.63%	32.12%	21.34%	23.75%	48.58%
Effective Tax Rate	-3.14%	3.76%	23.54%	0.00%	0.00%	0.00%	111.76%	-281.09%	-222.75%	-8.65%
Return on Invested Capital (ROIC)	4.10%	5.68%	5.92%	-18.91%	-37.91%	3.73%	-0.51%	14.13%	11.02%	5.71%
ROIC Less NNEP Spread (ROIC-NNEP)	1.00%	2.33%	2.92%	-19.15%	-43.99%	-9.20%	0.10%	-4.81%	-0.76%	1.62%
Return on Net Nonoperating Assets (RNNOA)	1.31%	2.35%	2.89%	-23.33%	-45.65%	-13.52%	0.10%	-5.94%	-1.69%	3.31%
Return on Equity (ROE)	5.41%	8.04%	8.81%	-42.24%	-83.56%	-9.79%	-0.41%	8.19%	9.33%	9.02%
Cash Return on Invested Capital (CROIC)	25.80%	-2.51%	1.38%	-5.23%	121.14%	-173.08%	87.05%	-87.99%	2.33%	-1.81%
Operating Return on Assets (OROA)	2.67%	3.44%	4.48%	-12.79%	-12.57%	0.30%	3.00%	2.54%	2.41%	3.67%
Return on Assets (ROA)	1.46%	2.13%	2.43%	-9.43%	-9.42%	-1.42%	-0.11%	2.06%	1.85%	1.94%
Return on Common Equity (ROCE)	2.73%	7.92%	8.70%	-41.58%	-81.26%	-9.60%	-0.50%	9.81%	9.23%	8.68%
Return on Equity Simple (ROE_SIMPLE)	5.36%	7.84%	8.64%	-54.04%	-148.79%	-6.21%	-0.42%	7.95%	9.01%	8.33%
Net Operating Profit after Tax (NOPAT)	1,555	2,002	2,221	-6,790	-7,066	1,229	-222	7,001	8,621	4,845
NOPAT Margin	9.24%	11.33%	12.96%	-40.52%	-41.25%	6.65%	-1.07%	32.29%	37.22%	19.87%
Net Nonoperating Expense Percent (NNEP)	3.11%	3.36%	3.00%	0.24%	6.07%	12.93%	-0.61%	18.94%	11.78%	4.10%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.32%	10.56%	5.53%
Cost of Revenue to Revenue	75.52%	30.45%	66.39%	69.53%	22.35%	68.13%	70.64%	67.64%	18.12%	14.16%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.52%	57.77%	16.66%	88.35%	136.58%	22.37%	20.24%	23.88%	70.35%	67.56%
Earnings before Interest and Taxes (EBIT)	1,625	2,268	3,059	-9,276	-10,190	279	2,329	2,231	2,943	4,759
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,237	5,023	5,913	-6,240	-6,956	3,747	5,732	6,087	6,681	8,948
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.29	2.54	1.81	1.47	1.68	1.33	1.28	1.94	2.06	2.03
Price to Tangible Book Value (P/TBV)	2.29	2.54	1.81	1.47	1.68	1.33	1.28	1.94	2.06	2.03
Price to Revenue (P/Rev)	2.25	2.58	2.03	1.11	0.50	1.51	1.88	2.04	2.23	2.38
Price to Earnings (P/E)	43.42	32.77	21.17	0.00	0.00	0.00	0.00	24.57	23.06	23.48
Dividend Yield	3.62%	3.25%	4.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.27%
Earnings Yield	2.30%	3.05%	4.72%	0.00%	0.00%	0.00%	0.00%	4.07%	4.34%	4.26%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.75	1.40	1.17	1.91	1.10	1.88	1.28	1.32	1.32
Enterprise Value to Revenue (EV/Rev)	3.26	3.63	3.14	2.34	0.43	3.71	2.20	4.41	4.63	4.76
Enterprise Value to EBITDA (EV/EBITDA)	12.97	12.77	9.10	0.00	0.00	18.27	7.93	15.71	16.07	12.96
Enterprise Value to EBIT (EV/EBIT)	33.82	28.29	17.58	0.00	0.00	245.38	19.52	42.85	36.47	24.37
Enterprise Value to NOPAT (EV/NOPAT)	35.33	32.05	24.21	0.00	0.00	55.73	0.00	13.66	12.45	23.94
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	11.54	9.13	8.24	1.51	0.00	20.09	25.69	22.61	14.43
Enterprise Value to Free Cash Flow (EV/FCFF)	5.62	0.00	103.58	0.00	0.32	0.00	1.21	0.00	58.99	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.01	0.98	1.70	0.00	1.92	0.31	2.26	2.23	1.88
Long-Term Debt to Equity	0.95	0.89	0.91	0.00	0.00	1.75	0.00	2.07	2.02	1.76
Financial Leverage	1.31	1.01	0.99	1.22	1.04	1.47	1.03	1.24	2.23	2.05
Leverage Ratio	3.71	3.76	3.63	4.48	8.87	6.87	3.65	3.97	5.05	4.66
Compound Leverage Factor	1.97	2.43	2.57	4.89	9.61	-23.20	1.17	0.85	1.20	2.26
Debt to Total Capital	50.41%	50.33%	49.56%	63.03%	0.00%	65.79%	23.90%	69.29%	69.01%	65.31%
Short-Term Debt to Total Capital	3.47%	6.05%	3.56%	63.03%	0.00%	5.76%	23.90%	5.75%	6.55%	4.19%
Long-Term Debt to Total Capital	46.93%	44.28%	45.99%	0.00%	0.00%	60.03%	0.00%	63.54%	62.46%	61.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%
Noncontrolling Interests to Total Capital	0.74%	0.69%	0.65%	0.72%	4.68%	0.41%	0.90%	0.34%	0.31%	0.29%
Common Equity to Total Capital	48.85%	48.98%	49.79%	36.25%	95.32%	33.81%	108.49%	30.37%	30.68%	32.60%
Debt to EBITDA	4.04	3.67	3.24	-3.52	0.00	10.91	1.16	8.55	8.43	6.40
Net Debt to EBITDA	3.95	3.64	3.16	-3.26	0.00	10.74	1.11	8.40	8.29	6.26
Long-Term Debt to EBITDA	3.76	3.23	3.00	0.00	0.00	9.95	0.00	7.84	7.63	5.99
Debt to NOPAT	11.00	9.21	8.61	-3.24	0.00	33.26	-30.09	7.44	6.53	11.82
Net Debt to NOPAT	10.77	9.12	8.41	-2.99	0.00	32.75	-28.70	7.30	6.43	11.56
Long-Term Debt to NOPAT	10.24	8.10	7.99	0.00	0.00	30.35	0.00	6.82	5.91	11.06
Altman Z-Score	0.95	1.00	0.95	-0.52	-0.22	0.24	0.89	0.40	0.48	0.61
Noncontrolling Interest Sharing Ratio	49.51%	1.44%	1.34%	1.56%	2.76%	1.89%	-20.67%	-19.82%	1.04%	3.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	0.81	0.88	0.22	1.33	0.71	0.47	0.81	0.83	1.05
Quick Ratio	0.24	0.29	0.36	0.13	1.12	0.26	0.12	0.32	0.24	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,777	-884	519	-1,878	22,576	-56,944	37,528	-43,581	1,820	-1,539
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	76.29%	-248.76%	32.59%	38.83%	48.87%	77.49%
Free Cash Flow to Firm to Interest Expense	12.65	-1.07	0.58	-2.02	24.17	-45.19	23.44	-22.73	0.64	-0.50
Operating Cash Flow to Interest Expense	0.00	6.70	6.63	5.12	5.16	-15.18	1.41	1.94	1.67	2.63
Operating Cash Flow Less CapEx to Interest Expense	0.00	6.70	6.63	12.13	-1.60	-21.29	-2.92	-3.06	-1.74	-0.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.27	0.25	0.23	0.21	0.20	0.27	0.25	0.19	0.19
Accounts Receivable Turnover	19.03	10.26	8.24	5.64	3.17	3.68	8.53	7.16	5.93	5.38
Inventory Turnover	27.79	11.93	24.10	22.52	6.38	19.74	23.83	20.40	4.90	4.09
Fixed Asset Turnover	0.37	0.36	0.33	0.30	0.29	0.29	0.59	0.54	0.29	0.29
Accounts Payable Turnover	11.11	2.88	5.56	5.06	1.13	3.45	4.48	4.07	1.23	0.70
Days Sales Outstanding (DSO)	19.18	35.59	44.28	64.66	115.29	99.23	42.78	50.95	61.55	67.80
Days Inventory Outstanding (DIO)	13.14	30.60	15.14	16.21	57.24	18.49	15.32	17.90	74.44	89.32
Days Payable Outstanding (DPO)	32.85	126.87	65.63	72.08	322.01	105.87	81.56	89.60	296.82	519.28
Cash Conversion Cycle (CCC)	-0.53	-60.68	-6.21	8.79	-149.47	11.85	-23.45	-20.75	-160.83	-362.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	33,781	36,667	38,369	33,457	3,815	61,987	24,237	74,819	81,620	88,004
Invested Capital Turnover	0.44	0.50	0.46	0.47	0.92	0.56	0.48	0.44	0.30	0.29
Increase / (Decrease) in Invested Capital	-8,222	2,886	1,702	-4,912	-29,642	58,172	-37,750	50,582	6,801	6,384
Enterprise Value (EV)	54,951	64,160	53,785	39,143	7,286	68,461	45,454	95,602	107,338	115,972
Market Capitalization	37,952	45,649	34,853	18,565	8,611	27,973	38,844	44,232	51,696	58,112
Book Value per Share	$21.96	$23.30	$24.68	$16.16	$6.47	$9.34	$9.44	$8.36	$8.71	$9.92
Tangible Book Value per Share	$21.96	$23.30	$24.68	$16.16	$6.47	$9.34	$9.44	$8.36	$8.71	$9.92
Total Capital	33,932	36,628	38,601	34,897	5,388	62,116	27,888	75,140	81,614	87,643
Total Debt	17,104	18,436	19,129	21,994	0.00	40,863	6,665	52,065	56,322	57,242
Total Long-Term Debt	15,925	16,220	17,753	0.00	0.00	37,288	0.00	47,742	50,975	53,573
Net Debt	16,747	18,259	18,680	20,326	-1,577	40,236	6,358	51,118	55,390	56,029
Capital Expenditures (CapEx)	0.00	0.00	0.00	-6,514	6,313	7,690	6,940	9,584	9,714	10,369
Debt-free, Cash-free Net Working Capital (DFCFNWC)	272	639	79	-12,174	957	-1,031	-2,798	403	1,484	3,342
Debt-free Net Working Capital (DFNWC)	629	816	528	-10,506	2,534	-404	-2,491	1,350	2,416	4,555
Net Working Capital (NWC)	-550	-1,400	-848	-32,500	2,534	-3,979	-9,156	-2,973	-2,931	886
Net Nonoperating Expense (NNE)	667	595	561	47	576	2,533	-134	5,187	6,365	2,333
Net Nonoperating Obligations (NNO)	16,953	18,475	18,897	20,554	-1,573	40,734	3,014	51,744	56,328	57,603
Total Depreciation and Amortization (D&A)	2,612	2,755	2,854	3,036	3,234	3,468	3,403	3,856	3,738	4,189
Debt-free, Cash-free Net Working Capital to Revenue	1.62%	3.62%	0.46%	-72.64%	5.59%	-5.58%	-13.55%	1.86%	6.41%	13.70%
Debt-free Net Working Capital to Revenue	3.74%	4.62%	3.08%	-62.69%	14.79%	-2.19%	-12.07%	6.23%	10.43%	18.68%
Net Working Capital to Revenue	-3.27%	-7.92%	-4.95%	-193.93%	14.79%	-21.54%	-44.36%	-13.71%	-12.65%	3.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.62	$0.00	$3.21	($13.25)	($14.50)	($1.05)	($0.05)	$0.91	$1.09	$1.16
Adjusted Weighted Average Basic Shares Outstanding	968M	0.00	512M	517M	528M	1.26B	1.99B	1.99B	2.06B	2.14B
Adjusted Diluted Earnings per Share	$3.58	$0.00	$3.21	($13.25)	($14.50)	($1.05)	($0.05)	$0.84	$1.05	$1.15
Adjusted Weighted Average Diluted Shares Outstanding	974M	0.00	513M	517M	528M	1.26B	1.99B	2.13B	2.14B	2.15B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$3.21	($13.25)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	757.21M	0.00	779.34M	791.94M	793.63M	2.25B	5.19B	5.20B	5.49B	2.94B
Normalized Net Operating Profit after Tax (NOPAT)	1,056	2,002	2,221	-6,790	-7,066	1,518	1,680	1,620	2,267	3,389
Normalized NOPAT Margin	6.27%	11.33%	12.96%	-40.52%	-41.25%	8.22%	8.14%	7.47%	9.79%	13.90%
Pre Tax Income Margin	5.12%	8.28%	12.67%	-60.44%	-64.46%	-5.10%	3.62%	2.20%	3.02%	9.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.10	2.74	3.44	-9.98	-10.91	0.22	1.45	1.16	1.03	1.56
NOPAT to Interest Expense	2.01	2.41	2.50	-7.31	-7.57	0.98	-0.14	3.65	3.02	1.59
EBIT Less CapEx to Interest Expense	2.10	2.74	3.44	-2.97	-17.67	-5.88	-2.88	-3.84	-2.38	-1.84
NOPAT Less CapEx to Interest Expense	2.01	2.41	2.50	-0.30	-14.32	-5.13	-4.47	-1.35	-0.38	-1.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	65.46%	-61.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%
Augmented Payout Ratio	0.00%	65.46%	-61.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%

This table displays calculated financial ratios and metrics derived from PG&E's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.30%	2.36%	2.38%	3.36%	2.74%	19.05%	-1.26%	13.16%	6.60%	3.72%	2.08%
EBITDA Growth	49.23%	-22.55%	8.09%	14.95%	-30.99%	67.92%	32.55%	44.61%	70.41%	4.25%	0.55%
EBIT Growth	93.58%	-60.90%	4.23%	34.91%	-45.14%	329.50%	89.36%	112.59%	140.17%	-9.63%	-4.59%
NOPAT Growth	110.30%	-90.52%	71.77%	-44.75%	-69.51%	2,375.73%	-24.56%	-64.55%	348.74%	-33.52%	-5.15%
Net Income Growth	142.19%	8.61%	19.67%	13.89%	-23.53%	78.53%	28.50%	27.80%	64.96%	-26.98%	-13.74%
EPS Growth	138.18%	-7.69%	22.73%	11.76%	-23.81%	79.17%	25.93%	26.32%	68.75%	-30.23%	-17.65%
Operating Cash Flow Growth	30.38%	382.78%	-28.66%	5,895.45%	68.69%	-52.73%	90.80%	-44.24%	72.98%	305.03%	25.96%
Free Cash Flow Firm Growth	33.02%	-230.44%	1,051.07%	-337.31%	39.14%	90.99%	-233.06%	-58.62%	-11.80%	-7.43%	94.88%
Invested Capital Growth	15.18%	208.70%	-55.78%	10.15%	7.64%	9.09%	179.11%	10.23%	9.14%	7.82%	4.59%
Revenue Q/Q Growth	5.39%	-0.44%	24.65%	-10.88%	4.76%	15.36%	-8.32%	2.13%	-1.30%	12.24%	-9.77%
EBITDA Q/Q Growth	35.24%	-33.97%	46.92%	-12.40%	-18.80%	60.68%	15.97%	-4.42%	-4.32%	-1.70%	11.86%
EBIT Q/Q Growth	99.06%	-67.06%	156.83%	-19.89%	-19.06%	157.88%	13.23%	-10.06%	-8.55%	-2.97%	19.56%
NOPAT Q/Q Growth	-81.61%	-90.11%	1,665.05%	72.22%	-89.85%	702.61%	-46.22%	-19.08%	28.46%	18.91%	-23.27%
Net Income Q/Q Growth	27.50%	12.64%	10.64%	-28.32%	-14.39%	162.96%	-20.37%	-28.71%	10.50%	16.41%	-5.93%
EPS Q/Q Growth	23.53%	14.29%	12.50%	-29.63%	-15.79%	168.75%	-20.93%	-29.41%	12.50%	11.11%	-6.67%
Operating Cash Flow Q/Q Growth	4,977.27%	-5.96%	17.44%	7.59%	41.96%	-73.65%	374.00%	-68.55%	340.37%	-38.29%	47.41%
Free Cash Flow Firm Q/Q Growth	-768.72%	-478.46%	177.45%	-111.24%	-20.90%	14.39%	-1,044.09%	86.61%	14.78%	17.73%	45.51%
Invested Capital Q/Q Growth	3.74%	2.22%	-60.27%	161.43%	1.38%	3.59%	1.66%	3.25%	0.37%	2.34%	-1.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.39%	34.39%	75.77%	36.07%	81.88%	125.45%	85.50%	37.79%	84.36%	130.84%	40.82%
EBITDA Margin	34.22%	22.70%	30.17%	29.66%	22.99%	32.02%	40.51%	37.91%	36.75%	32.18%	39.90%
Operating Margin	13.46%	2.42%	10.60%	9.57%	7.24%	17.75%	21.77%	18.94%	17.42%	15.38%	20.39%
EBIT Margin	15.65%	5.18%	12.03%	10.81%	8.35%	18.68%	23.07%	20.31%	18.82%	16.27%	21.56%
Profit (Net Income) Margin	8.51%	9.63%	9.64%	7.75%	6.33%	14.44%	12.54%	8.75%	9.80%	10.16%	10.60%
Tax Burden Percent	126.80%	-269.27%	255.36%	546.67%	-540.00%	198.49%	94.96%	86.47%	122.41%	146.84%	94.21%
Interest Burden Percent	42.89%	-69.06%	31.37%	13.11%	-14.04%	38.94%	57.25%	49.84%	42.54%	42.54%	52.17%
Effective Tax Rate	-26.80%	0.00%	-155.36%	-446.67%	0.00%	-98.49%	5.04%	13.53%	-22.41%	-46.84%	5.79%
Return on Invested Capital (ROIC)	5.38%	0.74%	11.84%	15.08%	1.44%	10.43%	8.47%	4.77%	6.25%	6.49%	5.55%
ROIC Less NNEP Spread (ROIC-NNEP)	4.39%	2.30%	7.84%	10.47%	1.57%	7.97%	6.96%	3.96%	5.05%	5.05%	4.63%
Return on Net Nonoperating Assets (RNNOA)	9.51%	2.84%	8.97%	23.26%	3.52%	17.82%	8.86%	8.85%	11.11%	10.33%	9.18%
Return on Equity (ROE)	14.89%	3.58%	20.80%	38.34%	4.95%	28.25%	17.33%	13.61%	17.36%	16.82%	14.73%
Cash Return on Invested Capital (CROIC)	-7.94%	-87.99%	95.19%	1.55%	89.21%	2.33%	-83.09%	-2.86%	-2.13%	-1.81%	1.17%
Operating Return on Assets (OROA)	3.06%	1.28%	2.95%	1.97%	1.50%	3.54%	5.42%	3.84%	3.56%	3.06%	4.02%
Return on Assets (ROA)	1.66%	2.37%	2.36%	1.41%	1.14%	2.74%	2.94%	1.66%	1.85%	1.91%	1.97%
Return on Common Equity (ROCE)	14.72%	4.29%	23.78%	37.92%	4.90%	27.96%	19.60%	13.48%	17.19%	16.19%	14.19%
Return on Equity Simple (ROE_SIMPLE)	7.97%	0.00%	8.18%	8.24%	7.67%	0.00%	9.40%	9.65%	10.29%	0.00%	7.86%
Net Operating Profit after Tax (NOPAT)	921	91	1,606	2,766	281	2,253	1,212	981	1,260	1,498	1,149
NOPAT Margin	17.07%	1.69%	27.06%	52.29%	5.07%	35.24%	20.67%	16.38%	21.32%	22.59%	19.21%
Net Nonoperating Expense Percent (NNEP)	0.99%	-1.56%	4.00%	4.61%	-0.13%	2.46%	1.51%	0.81%	1.20%	1.45%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	0.12%	-	-	-	2.76%	-	-	-	1.71%	1.28%
Cost of Revenue to Revenue	65.61%	65.61%	24.23%	63.93%	18.12%	-25.45%	14.50%	62.21%	15.64%	-30.84%	59.18%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.93%	31.97%	65.18%	26.50%	74.65%	107.70%	63.73%	18.84%	66.94%	115.46%	20.42%
Earnings before Interest and Taxes (EBIT)	844	278	714	572	463	1,194	1,352	1,216	1,112	1,079	1,290
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,846	1,219	1,791	1,569	1,274	2,047	2,374	2,269	2,171	2,134	2,387
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.53	1.94	1.45	1.99	1.89	2.06	1.87	1.91	2.12	2.03	1.73
Price to Tangible Book Value (P/TBV)	1.53	1.94	1.45	1.99	1.89	2.06	1.87	1.91	2.12	2.03	1.73
Price to Revenue (P/Rev)	1.58	2.04	2.08	2.21	2.12	2.23	2.09	2.11	2.36	2.38	2.06
Price to Earnings (P/E)	19.36	24.57	23.27	24.29	24.84	23.06	20.03	19.96	20.72	23.48	21.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.12%	0.17%	0.20%	0.27%	0.41%
Earnings Yield	5.16%	4.07%	4.30%	4.12%	4.03%	4.34%	4.99%	5.01%	4.83%	4.26%	4.66%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.28	1.61	1.29	1.26	1.32	1.26	1.26	1.34	1.32	1.25
Enterprise Value to Revenue (EV/Rev)	3.92	4.41	2.26	4.70	4.62	4.63	4.53	4.55	4.76	4.76	4.44
Enterprise Value to EBITDA (EV/EBITDA)	13.13	15.71	7.71	15.65	16.98	16.07	14.39	13.58	12.96	12.96	12.14
Enterprise Value to EBIT (EV/EBIT)	31.75	42.85	21.21	41.75	49.04	36.47	29.20	25.61	23.56	24.37	23.15
Enterprise Value to NOPAT (EV/NOPAT)	20.03	13.66	5.55	12.09	1.35	12.45	16.27	19.27	21.08	23.94	22.65
Enterprise Value to Operating Cash Flow (EV/OCF)	28.96	25.69	14.77	22.13	18.83	22.61	17.96	20.57	17.45	14.43	12.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1.04	87.25	1.47	58.99	0.00	0.00	0.00	0.00	109.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.25	2.26	0.21	2.25	2.24	2.23	2.20	2.23	2.17	1.88	1.90
Long-Term Debt to Equity	2.13	2.07	0.00	2.09	2.06	2.02	2.06	1.99	2.02	1.76	1.70
Financial Leverage	2.16	1.24	1.14	2.22	2.24	2.23	1.27	2.23	2.20	2.05	1.98
Leverage Ratio	5.10	3.97	3.82	5.09	5.12	5.05	3.97	4.98	4.96	4.66	4.62
Compound Leverage Factor	2.19	-2.74	1.20	0.67	-0.72	1.97	2.27	2.48	2.11	1.98	2.41
Debt to Total Capital	69.27%	69.29%	17.55%	69.26%	69.10%	69.01%	68.75%	69.08%	68.50%	65.31%	65.56%
Short-Term Debt to Total Capital	3.86%	5.75%	17.55%	4.96%	5.30%	6.55%	4.50%	7.64%	4.83%	4.19%	6.93%
Long-Term Debt to Total Capital	65.41%	63.54%	0.00%	64.30%	63.80%	62.46%	64.25%	61.44%	63.67%	61.13%	58.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	1.76%
Noncontrolling Interests to Total Capital	0.34%	0.34%	0.88%	0.32%	0.32%	0.31%	0.30%	0.29%	0.29%	0.29%	0.28%
Common Equity to Total Capital	30.39%	30.37%	105.94%	30.42%	30.58%	30.68%	30.95%	30.63%	31.21%	32.60%	32.40%
Debt to EBITDA	7.87	8.55	0.81	8.42	9.32	8.43	7.87	7.44	6.65	6.40	6.57
Net Debt to EBITDA	7.80	8.40	0.58	8.26	9.15	8.29	7.73	7.24	6.51	6.26	6.30
Long-Term Debt to EBITDA	7.43	7.84	0.00	7.82	8.60	7.63	7.35	6.61	6.18	5.99	5.88
Debt to NOPAT	12.00	7.44	0.58	6.51	0.74	6.53	8.89	10.55	10.81	11.82	12.26
Net Debt to NOPAT	11.91	7.30	0.42	6.38	0.73	6.43	8.74	10.27	10.58	11.56	11.76
Long-Term Debt to NOPAT	11.33	6.82	0.00	6.04	0.69	5.91	8.31	9.38	10.05	11.06	10.97
Altman Z-Score	0.31	0.35	0.85	0.40	0.37	0.44	0.45	0.44	0.51	0.52	0.47
Noncontrolling Interest Sharing Ratio	1.17%	-19.82%	-14.30%	1.09%	1.08%	1.04%	-13.05%	1.00%	0.98%	3.74%	3.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.87	0.81	0.63	0.96	0.84	0.83	0.99	0.90	1.04	1.05	0.95
Quick Ratio	0.37	0.32	0.16	0.30	0.26	0.24	0.28	0.25	0.29	0.40	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,728	-50,491	39,107	-4,394	-5,312	-4,548	-52,034	-6,969	-5,939	-4,886	-2,663
Operating Cash Flow to CapEx	37.36%	46.43%	51.79%	53.30%	74.76%	18.25%	85.71%	30.94%	120.19%	68.32%	108.08%
Free Cash Flow to Firm to Interest Expense	-16.63	-89.84	64.96	-6.87	-7.79	-4.91	-72.78	-8.58	-7.47	-6.70	-3.63
Operating Cash Flow to Interest Expense	2.04	1.80	1.97	1.99	2.65	0.52	3.16	0.88	3.94	2.65	3.88
Operating Cash Flow Less CapEx to Interest Expense	-3.43	-2.07	-1.83	-1.75	-0.90	-2.31	-0.53	-1.95	0.66	-1.23	0.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.25	0.25	0.18	0.18	0.19	0.23	0.19	0.19	0.19	0.19
Accounts Receivable Turnover	4.88	7.16	8.23	5.88	5.16	5.93	9.14	7.31	6.62	5.38	8.83
Inventory Turnover	25.98	20.40	2.92	2.63	0.00	4.90	18.76	18.56	18.58	4.09	4.36
Fixed Asset Turnover	0.30	0.54	0.56	0.28	0.28	0.29	0.53	0.29	0.29	0.29	0.28
Accounts Payable Turnover	4.92	4.07	0.68	0.60	0.00	1.23	5.12	5.13	4.76	0.70	1.11
Days Sales Outstanding (DSO)	74.72	50.95	44.36	62.05	70.73	61.55	39.92	49.94	55.16	67.80	41.31
Days Inventory Outstanding (DIO)	14.05	17.90	125.02	138.83	0.00	74.44	19.46	19.67	19.64	89.32	83.76
Days Payable Outstanding (DPO)	74.14	89.60	540.19	606.75	0.00	296.82	71.27	71.11	76.62	519.28	327.85
Cash Conversion Cycle (CCC)	14.63	-20.75	-370.80	-405.86	70.73	-160.83	-11.89	-1.50	-1.82	-362.16	-202.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	73,197	74,819	29,728	77,719	78,790	81,620	82,974	85,669	85,989	88,004	86,786
Invested Capital Turnover	0.32	0.44	0.44	0.29	0.28	0.30	0.41	0.29	0.29	0.29	0.29
Increase / (Decrease) in Invested Capital	9,649	50,582	-37,501	7,160	5,593	6,801	53,246	7,950	7,199	6,384	3,812
Enterprise Value (EV)	84,587	95,602	47,935	100,522	99,412	107,338	104,559	108,186	114,849	115,972	108,746
Market Capitalization	34,063	44,232	44,077	47,228	45,600	51,696	48,168	50,272	56,929	58,112	50,435
Book Value per Share	$8.15	$8.36	$11.10	$8.68	$8.52	$8.71	$12.06	$9.12	$9.32	$9.92	$9.91
Tangible Book Value per Share	$8.15	$8.36	$11.10	$8.68	$8.52	$8.71	$12.06	$9.12	$9.32	$9.92	$9.91
Total Capital	73,165	75,140	28,607	78,119	78,906	81,614	83,142	85,719	85,984	87,643	89,823
Total Debt	50,679	52,065	5,021	54,104	54,522	56,322	57,159	59,214	58,898	57,242	58,886
Total Long-Term Debt	47,854	47,742	0.00	50,230	50,343	50,975	53,415	52,664	54,748	53,573	52,663
Net Debt	50,272	51,118	3,606	53,042	53,560	55,390	56,139	57,662	57,668	56,029	56,480
Capital Expenditures (CapEx)	2,872	2,173	2,288	2,392	2,421	2,613	2,638	2,298	2,605	2,828	2,635
Debt-free, Cash-free Net Working Capital (DFCFNWC)	601	403	-1,926	2,291	854	1,484	2,502	3,194	3,584	3,342	2,888
Debt-free Net Working Capital (DFNWC)	1,008	1,350	-511	3,353	1,816	2,416	3,522	4,746	4,814	4,555	5,294
Net Working Capital (NWC)	-1,817	-2,973	-5,532	-521	-2,363	-2,931	-222	-1,804	664	886	-929
Net Nonoperating Expense (NNE)	462	-426	1,034	2,356	-70	1,330	477	457	681	824	515
Net Nonoperating Obligations (NNO)	50,711	51,744	6,142	53,704	54,406	56,328	56,991	59,164	58,903	57,603	55,849
Total Depreciation and Amortization (D&A)	1,002	941	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097
Debt-free, Cash-free Net Working Capital to Revenue	2.79%	1.86%	-9.08%	10.71%	3.97%	6.41%	10.84%	13.43%	14.84%	13.70%	11.78%
Debt-free Net Working Capital to Revenue	4.68%	6.23%	-2.41%	15.68%	8.43%	10.43%	15.26%	19.96%	19.94%	18.68%	21.60%
Net Working Capital to Revenue	-8.43%	-13.71%	-26.08%	-2.44%	-10.98%	-12.65%	-0.96%	-7.59%	2.75%	3.63%	-3.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.26	$0.29	$0.20	$0.16	$0.44	$0.34	$0.24	$0.27	$0.31	$0.28
Adjusted Weighted Average Basic Shares Outstanding	1.99B	1.99B	1.99B	2.02B	2.11B	2.06B	2.13B	2.14B	2.14B	2.14B	2.20B
Adjusted Diluted Earnings per Share	$0.21	$0.24	$0.27	$0.19	$0.16	$0.43	$0.34	$0.24	$0.27	$0.30	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	2.13B	2.13B	2.13B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.15B	2.20B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.20B	5.20B	5.21B	5.40B	5.49B	5.49B	2.88B	2.88B	2.88B	2.94B	2.94B
Normalized Net Operating Profit after Tax (NOPAT)	591	178	522	436	434	874	1,286	1,048	818	776	1,221
Normalized NOPAT Margin	10.95%	3.31%	8.80%	8.24%	7.83%	13.68%	21.94%	17.51%	13.84%	11.70%	20.41%
Pre Tax Income Margin	6.71%	-3.58%	3.77%	1.42%	-1.17%	7.27%	13.21%	10.12%	8.01%	6.92%	11.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.61	0.49	1.19	0.89	0.68	1.29	1.89	1.50	1.40	1.48	1.76
NOPAT to Interest Expense	1.75	0.16	2.67	4.32	0.41	2.43	1.69	1.21	1.58	2.05	1.57
EBIT Less CapEx to Interest Expense	-3.86	-3.37	-2.61	-2.84	-2.87	-1.53	-1.80	-1.33	-1.88	-2.40	-1.83
NOPAT Less CapEx to Interest Expense	-3.72	-3.70	-1.13	0.58	-3.14	-0.39	-1.99	-1.62	-1.69	-1.82	-2.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	4.98%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	4.98%

Frequently Asked Questions About PG&E's Financials

When does PG&E's fiscal year end?

According to the most recent income statement we have on file, PG&E's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PG&E's net income changed over the last 9 years?

PG&E's net income appears to be on a downward trend, with a most recent value of $2.51 billion in 2024, rising from $888 million in 2015. The previous period was $2.26 billion in 2023. See PG&E's forecast for analyst expectations on what’s next for the company.

What is PG&E's operating income?

PG&E's total operating income in 2024 was $4.46 billion, based on the following breakdown:

Total Gross Profit: $20.93 billion
Total Operating Expenses: $16.47 billion

How has PG&E revenue changed over the last 9 years?

Over the last 9 years, PG&E's total revenue changed from $16.83 billion in 2015 to $24.39 billion in 2024, a change of 44.9%.

How much debt does PG&E have?

PG&E's total liabilities were at $103.26 billion at the end of 2024, a 3.1% increase from 2023, and a 122.5% increase since 2015.

How much cash does PG&E have?

In the past 9 years, PG&E's cash and equivalents has ranged from $123 million in 2015 to $1.67 billion in 2018, and is currently $940 million as of their latest financial filing in 2024.

How has PG&E's book value per share changed over the last 9 years?

Over the last 9 years, PG&E's book value per share changed from 21.96 in 2015 to 9.92 in 2024, a change of -54.8%.

Related Companies

This page (NYSE:PCG) was last updated on 5/6/2025 by MarketBeat.com Staff

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