Pacific Gas & Electric (PCG) Financials

$16.39 +0.09 (+0.52%)

Closing price 10/24/2025 03:59 PM Eastern

Extended Trading

$16.34 -0.04 (-0.25%)

As of 10/24/2025 07:54 PM Eastern

Annual Income Statements for Pacific Gas & Electric

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	1,383	874	1,393	1,646	-6,851	-7,656	-1,318	-102	1,800	2,242	2,475
Consolidated Net Income / (Loss)	2,886	888	1,407	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Net Income / (Loss) Continuing Operations	1,397	888	1,407	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Total Pre-Tax Income	3,192	861	1,462	2,171	-10,129	-11,042	-942	748	476	699	2,312
Total Operating Income	2,450	1,508	2,080	2,905	-9,700	-10,094	1,755	1,883	1,837	2,671	4,459
Total Gross Profit	4,883	4,120	12,286	5,759	5,107	13,300	5,887	6,061	7,015	18,964	20,933
Total Revenue	17,090	16,833	17,666	17,135	16,759	17,129	18,469	20,642	21,680	23,161	24,386
Operating Revenue	17,090	16,833	17,666	17,135	16,759	17,129	18,469	20,642	21,680	23,161	24,386
Total Cost of Revenue	12,207	12,713	5,380	11,376	11,652	3,829	12,582	14,581	14,665	4,197	3,453
Operating Cost of Revenue	12,207	12,713	5,380	11,376	11,652	3,829	12,582	14,581	14,665	4,197	3,453
Total Operating Expenses	2,433	2,612	10,206	2,854	14,807	23,394	4,132	4,178	5,178	16,293	16,474
Depreciation Expense	2,433	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	-669	-647	-618	-734	-429	-948	-2,697	-1,135	-1,361	-1,972	-2,147
Interest Expense	748	773	829	888	929	934	1,260	1,601	1,917	2,850	3,051
Interest & Investment Income	10	9.00	23	-	76	82	39	20	162	606	604
Other Income / (Expense), net	69	117	188	154	424	-96	-1,476	446	394	272	300
Income Tax Expense	306	-27	55	511	-3,292	-3,400	362	836	-1,338	-1,557	-200
Preferred Stock Dividends Declared	14	14	14	14	28	14	14	14	14	14	37
Basic Earnings per Share	$6.14	$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	936M	484M	499M	512M	517M	528M	1.26B	1.99B	1.99B	2.06B	2.14B
Diluted Earnings per Share	$6.12	$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	940M	487M	501M	513M	517M	528M	1.26B	1.99B	2.13B	2.14B	2.15B
Weighted Average Basic & Diluted Shares Outstanding	476.40M	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 Pacific Gas & Electric's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	6/30/2025	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	569	406	348	919	732	520	576	647	607	521	823
Consolidated Net Income / (Loss)	572	410	351	923	735	524	579	674	634	549	850
Net Income / (Loss) Continuing Operations	572	410	351	923	735	524	579	674	634	549	850
Total Pre-Tax Income	224	75	-65	465	774	606	473	459	673	569	630
Total Operating Income	629	506	401	1,135	1,276	1,134	1,029	1,020	1,220	1,096	1,209
Total Gross Profit	4,498	1,908	4,538	8,020	2,375	5,019	4,984	8,676	2,442	5,188	2,463
Total Revenue	5,936	5,290	5,542	6,393	5,861	5,986	5,908	6,631	5,983	5,898	6,250
Operating Revenue	5,936	5,290	5,542	6,393	5,861	5,986	5,908	6,631	5,983	5,898	6,250
Total Cost of Revenue	1,438	3,382	1,004	-1,627	3,486	967	924	-2,045	3,541	710	3,787
Operating Cost of Revenue	1,438	3,382	1,004	-1,627	3,486	967	924	-2,045	3,541	710	3,787
Total Operating Expenses	3,869	1,402	4,137	6,885	1,099	3,885	3,955	7,656	1,222	4,092	1,254
Depreciation Expense	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097	1,073	1,132
Other Operating Expenses / (Income)	2,675	288	3,107	5,918	-1.00	2,754	2,757	6,513	49	2,910	36
Other Special Charges / (Income)	117	117	219	114	78	78	139	88	76	109	86
Total Other Income / (Expense), net	-405	-431	-466	-670	-502	-528	-556	-561	-547	-527	-579
Interest Expense	602	640	682	926	715	812	795	729	734	792	770
Interest & Investment Income	112	143	154	197	137	202	156	109	117	181	94
Other Income / (Expense), net	85	66	62	59	76	82	83	59	70	84	97
Income Tax Expense	-348	-335	-416	-458	39	82	-106	-215	39	20	-220
Preferred Stock Dividends Declared	3.00	4.00	3.00	4.00	3.00	4.00	3.00	27	27	28	27
Basic Earnings per Share	$0.29	$0.20	$0.16	$0.44	$0.34	$0.24	$0.27	$0.31	$0.28	$0.24	$0.37
Weighted Average Basic Shares Outstanding	1.99B	2.02B	2.11B	2.06B	2.13B	2.14B	2.14B	2.14B	2.20B	2.20B	2.20B
Diluted Earnings per Share	$0.27	$0.19	$0.16	$0.43	$0.34	$0.24	$0.27	$0.30	$0.28	$0.24	$0.37
Weighted Average Diluted Shares Outstanding	2.13B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.15B	2.20B	2.20B	2.28B
Weighted Average Basic & Diluted Shares Outstanding	5.21B	5.40B	5.49B	5.49B	2.88B	2.88B	2.88B	2.94B	2.94B	2.94B	2.94B

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	5,591	-	6,845	8,304	1,064	-98	-950	-320	640	-15	281
Net Cash From Operating Activities	5,591	-	5,558	5,888	4,752	4,816	-19,130	2,262	3,721	4,747	8,035
Net Cash From Continuing Operating Activities	5,591	-	5,558	5,888	4,752	4,816	-19,130	2,262	3,721	4,747	8,035
Net Income / (Loss) Continuing Operations	5,738	-	2,809	1,660	-6,837	-7,642	-1,304	-88	1,814	2,256	2,512
Consolidated Net Income / (Loss)	5,738	-	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	-147	-	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	0.00	-	-44	1,314	-6,564	-6,378	-7,748	-6,905	-10,214	-9,162	-11,375
Net Cash From Continuing Investing Activities	0.00	-	-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	0.00	-	1,331	1,102	2,876	1,464	25,928	4,323	7,133	4,400	3,621
Net Cash From Continuing Financing Activities	0.00	-	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 Pacific Gas & Electric's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	6/30/2025	9/30/2025
Net Change in Cash & Equivalents	468	-353	-100	-30	88	532	-322	-17	1,193	-1,691	57
Net Cash From Operating Activities	1,185	1,275	1,810	477	2,261	711	3,131	1,932	2,848	1,057	2,851
Net Cash From Continuing Operating Activities	1,185	1,275	1,810	477	2,261	711	3,131	1,932	2,848	1,057	2,851
Net Income / (Loss) Continuing Operations	572	410	351	923	735	524	579	674	634	549	850
Consolidated Net Income / (Loss)	572	410	351	923	735	524	579	674	634	549	850
Depreciation Expense	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097	1,073	1,132
Non-Cash Adjustments To Reconcile Net Income	256	271	478	-483	148	143	248	-8.00	176	250	176
Changes in Operating Assets and Liabilities, net	-720	-403	170	-816	356	-1,009	1,245	211	941	-815	693
Net Cash From Investing Activities	-2,140	-2,280	-2,291	-2,451	-2,930	-2,295	-2,994	-3,156	-3,264	-3,004	-2,982
Net Cash From Continuing Investing Activities	-2,140	-2,280	-2,291	-2,451	-2,930	-2,295	-2,994	-3,156	-3,264	-3,004	-2,982
Purchase of Property, Plant & Equipment	-2,288	-2,392	-2,421	-2,613	-2,638	-2,298	-2,605	-2,828	-2,635	-3,065	-2,931
Purchase of Investments	-303	-499	-500	-950	-834	-683	-428	-576	-986	-516	-648
Sale and/or Maturity of Investments	446	609	626	1,110	538	680	483	677	377	598	700
Other Investing Activities, net	5.00	2.00	4.00	2.00	4.00	6.00	-444	-429	-20	-21	-103
Net Cash From Financing Activities	1,423	652	381	1,944	757	2,116	-459	1,207	1,609	256	188
Net Cash From Continuing Financing Activities	1,423	652	381	1,944	757	2,116	-459	1,207	1,609	256	188
Repayment of Debt	-4,857	-3,213	-1,717	-543	-4,148	-1,236	-5,946	-2,251	-24	-1,326	-2,773
Payment of Dividends	0.00	-	-	-	-21	-22	-21	-22	-55	-55	-56
Issuance of Debt	6,294	3,932	2,122	2,550	4,717	3,070	5,151	838	1,735	1,753	3,065
Issuance of Preferred Equity	-	-	-	-	0.00	-	-	-	-23	-25	-24
Other Financing Activities, net	-14	-67	-24	-63	209	304	357	-65	-24	-91	-24
Cash Interest Paid	598	470	693	525	712	487	712	510	707	575	797

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	58,573	63,234	68,598	68,012	76,995	85,196	97,856	57,290	118,644	125,698	133,660
Total Current Assets	4,835	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	298	234	0.00	-	-	7.00	143	16	213	297	273
Accounts Receivable	377	1,392	2,053	2,104	3,834	6,987	3,055	1,784	4,269	3,542	1,810
Inventories, net	476	439	463	481	554	647	628	596	842	870	820
Other Current Assets	3,486	3,470	3,311	3,247	3,116	954	5,292	5,584	6,757	9,039	11,153
Plant, Property, & Equipment, net	43,941	46,723	50,581	53,789	58,557	61,635	66,136	3,479	76,208	82,321	88,229
Plant, Property & Equipment, gross	63,062	67,342	72,595	77,248	83,272	88,090	93,894	3,479	107,135	114,627	122,720
Accumulated Depreciation	19,121	20,619	22,014	23,459	24,715	26,455	27,758	-	30,946	33,093	35,305
Total Noncurrent Assets	9,797	10,698	11,853	7,942	9,243	13,396	22,118	45,540	29,621	28,994	28,215
Other Noncurrent Operating Assets	9,706	10,563	11,783	7,877	9,174	13,329	22,051	45,531	29,612	28,970	28,215
Total Liabilities & Shareholders' Equity	33,102	63,234	68,598	68,012	76,995	85,196	97,856	70,399	118,644	125,698	133,660
Total Liabilities	17,102	46,406	50,406	48,540	64,092	79,808	76,603	39,892	95,569	100,147	102,445
Total Current Liabilities	4,676	6,363	7,564	7,129	41,695	7,631	13,581	17,427	15,788	17,314	16,330
Short-Term Debt	633	1,179	2,216	1,376	21,994	0.00	3,575	6,665	4,323	5,347	3,669
Accounts Payable	476	1,812	1,928	2,163	2,439	4,317	2,982	3,534	3,666	3,160	3,496
Other Current Liabilities	3,370	3,166	3,204	2,812	17,034	3,310	6,526	6,747	7,173	7,869	8,405
Other Current Nonoperating Liabilities	197	206	216	217	228	4.00	498	481	626	679	760
Total Noncurrent Liabilities	12,426	40,043	42,842	41,411	22,397	72,177	63,022	22,465	79,781	83,092	86,115
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	9,865	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	2,561	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	3,791
Total Equity & Noncontrolling Interests	16,000	16,828	18,192	19,472	12,903	5,388	21,253	21,223	23,075	25,292	30,401
Total Preferred & Common Equity	0.00	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	0.00	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	16,000	252	252	252	252	252	252	252	252	252	252

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	6/30/2025	9/30/2025
Total Assets	69,018	120,705	123,009	125,698	127,645	130,788	132,319	133,660	135,443	136,384	138,249
Total Current Assets	9,269	12,681	12,809	14,383	15,231	16,739	17,547	17,216	16,893	15,161	14,393
Cash & Equivalents	1,028	805	589	635	658	1,315	895	940	2,023	494	404
Restricted Cash	387	257	373	297	362	237	335	273	383	221	368
Accounts Receivable	1,381	3,121	3,357	3,542	3,669	3,387	3,941	5,517	1,879	2,095	1,871
Inventories, net	835	888	888	870	821	823	812	820	789	786	763
Other Current Assets	5,638	7,610	7,602	9,039	9,721	10,977	11,564	9,666	9,686	9,540	8,644
Plant, Property, & Equipment, net	4,280	78,773	81,046	82,321	83,651	85,242	86,379	88,229	89,671	91,800	93,797
Plant, Property & Equipment, gross	4,280	110,972	112,883	114,627	116,585	118,852	120,158	246,254	124,891	128,081	130,353
Accumulated Depreciation	-	32,199	32,625	33,093	33,718	34,396	34,594	35,305	36,034	36,288	36,565
Total Noncurrent Assets	55,469	29,251	29,154	28,994	28,763	28,807	28,393	29,029	28,879	29,423	30,059
Other Noncurrent Operating Assets	55,460	29,242	29,145	28,970	28,739	28,806	28,392	28,214	28,878	29,423	30,059
Total Liabilities & Shareholders' Equity	74,021	120,705	123,009	125,698	127,645	130,788	132,319	133,660	135,443	136,384	138,249
Total Liabilities	43,462	96,690	98,371	100,147	101,391	103,504	104,649	103,259	103,692	104,939	106,010
Total Current Liabilities	14,801	13,202	15,172	17,314	15,453	18,543	16,883	16,330	17,822	16,185	15,295
Short-Term Debt	5,021	3,874	4,179	5,347	3,744	6,550	4,150	3,669	6,223	5,167	3,794
Accounts Payable	3,075	3,141	3,494	3,160	2,991	3,045	3,137	6,665	3,311	3,525	3,767
Other Current Liabilities	6,139	5,525	6,653	7,869	7,866	7,446	8,361	5,236	7,600	6,726	7,077
Other Current Nonoperating Liabilities	566	662	592	679	581	723	651	760	688	767	657
Total Noncurrent Liabilities	28,661	83,488	83,453	83,092	86,209	85,740	88,350	86,929	85,870	88,754	90,715
Long-Term Debt	-	50,230	50,343	50,975	53,415	52,664	54,748	53,569	52,659	54,004	55,531
Capital Lease Obligations	-	-	-	-	-	-	-	4.00	4.00	3.00	5.00
Asset Retirement Reserve & Litigation Obligation	24,035	24,489	24,874	24,956	25,172	25,464	25,785	24,861	25,146	25,370	25,415
Noncurrent Deferred & Payable Income Tax Liabilities	-	2,422	2,181	1,980	2,225	2,484	2,670	3,082	3,251	3,550	3,777
Noncurrent Employee Benefit Liabilities	232	226	220	476	474	464	454	808	813	824	834
Other Noncurrent Operating Liabilities	4,394	6,121	5,835	4,705	4,923	4,664	4,693	4,605	3,997	5,003	5,153
Total Equity & Noncontrolling Interests	23,586	24,015	24,384	25,292	25,983	26,505	27,086	30,401	30,937	31,438	32,230
Total Preferred & Common Equity	23,334	23,763	24,132	25,040	25,731	26,253	26,834	30,149	30,685	31,186	31,978
Preferred Stock	-	-	-	-	-	-	-	1,579	1,579	1,579	1,579
Total Common Equity	30,307	23,763	24,132	25,040	25,731	26,253	26,834	28,570	29,106	29,607	30,399
Common Stock	32,214	31,628	31,041	30,374	30,356	30,379	30,402	31,555	31,532	31,560	31,588
Retained Earnings	-	-6,567	-6,219	-5,321	-4,611	-4,112	-3,558	-2,966	-2,414	-1,949	-1,181
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	-2.00	-13	-14	-14	-10	-19	-12	-4.00	-8.00
Noncontrolling Interest	252	252	252	252	252	252	252	252	252	252	252

This table displays calculated financial ratios and metrics derived from Pacific Gas & Electric's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	9.57%	-1.50%	4.95%	-3.01%	-2.19%	2.21%	7.82%	11.77%	5.03%	6.83%	5.29%
EBITDA Growth	27.66%	-14.44%	18.55%	17.72%	-205.53%	-11.47%	153.87%	52.98%	6.19%	9.76%	33.93%
EBIT Growth	39.79%	-35.49%	39.57%	34.88%	-403.24%	-9.85%	102.74%	734.77%	-4.21%	31.91%	61.71%
NOPAT Growth	66.41%	-29.79%	28.71%	10.96%	-405.69%	-4.06%	117.39%	-118.03%	3,260.15%	23.14%	-43.80%
Net Income Growth	248.55%	-69.23%	58.45%	17.98%	-511.87%	-11.77%	82.94%	93.25%	2,161.36%	24.37%	11.35%
EPS Growth	234.43%	-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	124.00%	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	-236.08%	196.62%	-109.04%	158.72%	-461.69%	1,302.14%	-352.23%	165.90%	-216.13%	104.18%	-184.60%
Invested Capital Growth	41.57%	-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	1.99%	-0.83%	3.19%	-3.45%	-0.07%	3.98%	0.03%	2.47%	0.58%	7.58%	0.99%
EBITDA Q/Q Growth	4.01%	-2.80%	22.27%	-5.10%	-273.43%	42.13%	386.03%	1.74%	-5.51%	14.15%	0.98%
EBIT Q/Q Growth	2.40%	-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	14.30%	-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	105.41%	-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	107.46%	-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	157.53%	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	-17.55%	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	2.94%	-22.86%	-22.67%	2.48%	-13.70%	-36.69%	4.26%	-61.86%	2.22%	3.59%	2.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.57%	24.48%	69.55%	33.61%	30.47%	77.65%	31.88%	29.36%	32.36%	81.88%	85.84%
EBITDA Margin	28.98%	25.17%	28.43%	34.51%	-37.23%	-40.61%	20.29%	27.77%	28.08%	28.85%	36.69%
Operating Margin	14.34%	8.96%	11.77%	16.95%	-57.88%	-58.93%	9.50%	9.12%	8.47%	11.53%	18.29%
EBIT Margin	14.74%	9.65%	12.84%	17.85%	-55.35%	-59.49%	1.51%	11.28%	10.29%	12.71%	19.52%
Profit (Net Income) Margin	16.89%	5.28%	7.96%	9.69%	-40.80%	-44.61%	-7.06%	-0.43%	8.37%	9.74%	10.30%
Tax Burden Percent	90.41%	103.14%	96.24%	76.46%	67.50%	69.21%	138.43%	-11.76%	381.09%	322.75%	108.65%
Interest Burden Percent	126.72%	52.98%	64.46%	70.97%	109.20%	108.36%	-337.63%	32.12%	21.34%	23.75%	48.58%
Effective Tax Rate	9.59%	-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)	6.18%	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)	9.45%	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)	12.69%	1.31%	2.35%	2.89%	-23.33%	-45.65%	-13.52%	0.10%	-5.94%	-1.69%	3.31%
Return on Equity (ROE)	18.87%	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)	-28.24%	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)	4.41%	2.67%	3.44%	4.48%	-12.79%	-12.57%	0.30%	3.00%	2.54%	2.41%	3.67%
Return on Assets (ROA)	5.06%	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)	8.84%	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)	0.00%	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)	2,215	1,555	2,002	2,221	-6,790	-7,066	1,229	-222	7,001	8,621	4,845
NOPAT Margin	12.96%	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)	-3.27%	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	71.43%	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%	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	14.24%	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)	2,519	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)	4,952	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)	0.00	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)	0.00	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)	2.09	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)	25.85	43.42	32.77	21.17	0.00	0.00	0.00	0.00	24.57	23.06	23.48
Dividend Yield	3.75%	3.62%	3.25%	4.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.27%
Earnings Yield	3.87%	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)	1.24	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)	3.05	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)	10.52	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)	20.68	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)	23.52	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)	9.32	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)	0.00	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	0.04	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	0.00	0.95	0.89	0.91	0.00	0.00	1.75	0.00	2.07	2.02	1.76
Financial Leverage	1.34	1.31	1.01	0.99	1.22	1.04	1.47	1.03	1.24	2.23	2.05
Leverage Ratio	3.73	3.71	3.76	3.63	4.48	8.87	6.87	3.65	3.97	5.05	4.66
Compound Leverage Factor	4.73	1.97	2.43	2.57	4.89	9.61	-23.20	1.17	0.85	1.20	2.26
Debt to Total Capital	3.81%	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	3.81%	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	0.00%	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%	0.00%	1.80%
Noncontrolling Interests to Total Capital	96.19%	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	0.00%	48.85%	48.98%	49.79%	36.25%	95.32%	33.81%	108.49%	30.37%	30.68%	32.60%
Debt to EBITDA	0.13	4.04	3.67	3.24	-3.52	0.00	10.91	1.16	8.55	8.43	6.40
Net Debt to EBITDA	0.07	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	0.00	3.76	3.23	3.00	0.00	0.00	9.95	0.00	7.84	7.63	5.99
Debt to NOPAT	0.29	11.00	9.21	8.61	-3.24	0.00	33.26	-30.09	7.44	6.53	11.82
Net Debt to NOPAT	0.15	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	0.00	10.24	8.10	7.99	0.00	0.00	30.35	0.00	6.82	5.91	11.06
Altman Z-Score	1.69	0.95	1.00	0.95	-0.52	-0.22	0.24	0.89	0.40	0.48	0.61
Noncontrolling Interest Sharing Ratio	53.12%	49.51%	1.44%	1.34%	1.56%	2.76%	1.89%	-20.67%	-19.82%	1.04%	3.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	0.91	0.81	0.88	0.22	1.33	0.71	0.47	0.81	0.83	1.05
Quick Ratio	0.08	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)	-10,119	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%	0.00%	76.29%	-248.76%	32.59%	38.83%	48.87%	77.49%
Free Cash Flow to Firm to Interest Expense	-13.53	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	7.47	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	7.47	0.00	6.70	6.63	12.13	-1.60	-21.29	-2.92	-3.06	-1.74	-0.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.28	0.27	0.25	0.23	0.21	0.20	0.27	0.25	0.19	0.19
Accounts Receivable Turnover	19.20	19.03	10.26	8.24	5.64	3.17	3.68	8.53	7.16	5.93	5.38
Inventory Turnover	26.25	27.79	11.93	24.10	22.52	6.38	19.74	23.83	20.40	4.90	4.09
Fixed Asset Turnover	0.40	0.37	0.36	0.33	0.30	0.29	0.29	0.59	0.54	0.29	0.29
Accounts Payable Turnover	10.90	11.11	2.88	5.56	5.06	1.13	3.45	4.48	4.07	1.23	0.70
Days Sales Outstanding (DSO)	19.01	19.18	35.59	44.28	64.66	115.29	99.23	42.78	50.95	61.55	67.80
Days Inventory Outstanding (DIO)	13.90	13.14	30.60	15.14	16.21	57.24	18.49	15.32	17.90	74.44	89.32
Days Payable Outstanding (DPO)	33.49	32.85	126.87	65.63	72.08	322.01	105.87	81.56	89.60	296.82	519.28
Cash Conversion Cycle (CCC)	-0.58	-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	42,003	33,781	36,667	38,369	33,457	3,815	61,987	24,237	74,819	81,620	88,004
Invested Capital Turnover	0.48	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	12,334	-8,222	2,886	1,702	-4,912	-29,642	58,172	-37,750	50,582	6,801	6,384
Enterprise Value (EV)	52,090	54,951	64,160	53,785	39,143	7,286	68,461	45,454	95,602	107,338	115,972
Market Capitalization	35,755	37,952	45,649	34,853	18,565	8,611	27,973	38,844	44,232	51,696	58,112
Book Value per Share	$0.00	$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	$0.00	$21.96	$23.30	$24.68	$16.16	$6.47	$9.34	$9.44	$8.36	$8.71	$9.92
Total Capital	16,633	33,932	36,628	38,601	34,897	5,388	62,116	27,888	75,140	81,614	87,643
Total Debt	633	17,104	18,436	19,129	21,994	0.00	40,863	6,665	52,065	56,322	57,242
Total Long-Term Debt	0.00	15,925	16,220	17,753	0.00	0.00	37,288	0.00	47,742	50,975	53,573
Net Debt	335	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	0.00	-6,514	6,313	7,690	6,940	9,584	9,714	10,369
Debt-free, Cash-free Net Working Capital (DFCFNWC)	494	272	639	79	-12,174	957	-1,031	-2,798	403	1,484	3,342
Debt-free Net Working Capital (DFNWC)	792	629	816	528	-10,506	2,534	-404	-2,491	1,350	2,416	4,555
Net Working Capital (NWC)	159	-550	-1,400	-848	-32,500	2,534	-3,979	-9,156	-2,973	-2,931	886
Net Nonoperating Expense (NNE)	-671	667	595	561	47	576	2,533	-134	5,187	6,365	2,333
Net Nonoperating Obligations (NNO)	26,003	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)	2,433	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	2.89%	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	4.63%	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	0.93%	-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	$3.07	$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	468M	968M	0.00	512M	517M	528M	1.26B	1.99B	1.99B	2.06B	2.14B
Adjusted Diluted Earnings per Share	$3.06	$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	470M	974M	0.00	513M	517M	528M	1.26B	1.99B	2.13B	2.14B	2.15B
Adjusted Basic & Diluted Earnings per Share	$3.07	$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	476.40M	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)	2,215	1,056	2,002	2,221	-6,790	-7,066	1,518	1,680	1,620	2,267	3,389
Normalized NOPAT Margin	12.96%	6.27%	11.33%	12.96%	-40.52%	-41.25%	8.22%	8.14%	7.47%	9.79%	13.90%
Pre Tax Income Margin	18.68%	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	3.37	2.10	2.74	3.44	-9.98	-10.91	0.22	1.45	1.16	1.03	1.56
NOPAT to Interest Expense	2.96	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	3.37	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	2.96	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%	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%	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 Pacific Gas & Electric's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	6/30/2025	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.38%	3.36%	2.74%	19.05%	-1.26%	13.16%	6.60%	3.72%	2.08%	-1.47%	5.79%
EBITDA Growth	8.09%	14.95%	-30.99%	67.92%	32.55%	44.61%	70.41%	4.25%	0.55%	-0.71%	12.30%
EBIT Growth	4.23%	34.91%	-45.14%	329.50%	89.36%	112.59%	140.17%	-9.63%	-4.59%	-2.96%	17.45%
NOPAT Growth	71.77%	-44.75%	-69.51%	2,375.73%	-24.56%	-64.55%	348.74%	-33.52%	-5.15%	7.84%	29.50%
Net Income Growth	19.67%	13.89%	-23.53%	78.53%	28.50%	27.80%	64.96%	-26.98%	-13.74%	4.77%	46.80%
EPS Growth	22.73%	11.76%	-23.81%	79.17%	25.93%	26.32%	68.75%	-30.23%	-17.65%	0.00%	37.04%
Operating Cash Flow Growth	-28.66%	5,895.45%	68.69%	-52.73%	90.80%	-44.24%	72.98%	305.03%	25.96%	48.66%	-8.94%
Free Cash Flow Firm Growth	1,051.07%	-337.31%	39.14%	90.99%	-233.06%	-58.62%	-11.80%	-7.43%	94.88%	72.46%	74.90%
Invested Capital Growth	-55.78%	10.15%	7.64%	9.09%	179.11%	10.23%	9.14%	7.82%	4.59%	3.48%	3.63%
Revenue Q/Q Growth	24.65%	-10.88%	4.76%	15.36%	-8.32%	2.13%	-1.30%	12.24%	-9.77%	-1.42%	5.97%
EBITDA Q/Q Growth	46.92%	-12.40%	-18.80%	60.68%	15.97%	-4.42%	-4.32%	-1.70%	11.86%	-5.61%	8.21%
EBIT Q/Q Growth	156.83%	-19.89%	-19.06%	157.88%	13.23%	-10.06%	-8.55%	-2.97%	19.56%	-8.53%	10.68%
NOPAT Q/Q Growth	1,665.05%	72.22%	-89.85%	702.61%	-46.22%	-19.08%	28.46%	18.91%	-23.27%	-7.99%	54.25%
Net Income Q/Q Growth	10.64%	-28.32%	-14.39%	162.96%	-20.37%	-28.71%	10.50%	16.41%	-5.93%	-13.41%	54.83%
EPS Q/Q Growth	12.50%	-29.63%	-15.79%	168.75%	-20.93%	-29.41%	12.50%	11.11%	-6.67%	-14.29%	54.17%
Operating Cash Flow Q/Q Growth	17.44%	7.59%	41.96%	-73.65%	374.00%	-68.55%	340.37%	-38.29%	47.41%	-62.89%	169.73%
Free Cash Flow Firm Q/Q Growth	177.45%	-111.24%	-20.90%	14.39%	-1,044.09%	86.61%	14.78%	17.73%	45.51%	27.91%	22.33%
Invested Capital Q/Q Growth	-60.27%	161.43%	1.38%	3.59%	1.66%	3.25%	0.37%	2.34%	-1.38%	2.14%	0.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.77%	36.07%	81.88%	125.45%	85.50%	37.79%	84.36%	130.84%	40.82%	87.96%	39.41%
EBITDA Margin	30.17%	29.66%	22.99%	32.02%	40.51%	37.91%	36.75%	32.18%	39.90%	38.20%	39.01%
Operating Margin	10.60%	9.57%	7.24%	17.75%	21.77%	18.94%	17.42%	15.38%	20.39%	18.58%	19.34%
EBIT Margin	12.03%	10.81%	8.35%	18.68%	23.07%	20.31%	18.82%	16.27%	21.56%	20.01%	20.90%
Profit (Net Income) Margin	9.64%	7.75%	6.33%	14.44%	12.54%	8.75%	9.80%	10.16%	10.60%	9.31%	13.60%
Tax Burden Percent	255.36%	546.67%	-540.00%	198.49%	94.96%	86.47%	122.41%	146.84%	94.21%	96.49%	134.92%
Interest Burden Percent	31.37%	13.11%	-14.04%	38.94%	57.25%	49.84%	42.54%	42.54%	52.17%	48.22%	48.24%
Effective Tax Rate	-155.36%	-446.67%	0.00%	-98.49%	5.04%	13.53%	-22.41%	-46.84%	5.79%	3.51%	-34.92%
Return on Invested Capital (ROIC)	11.84%	15.08%	1.44%	10.43%	8.47%	4.77%	6.25%	6.49%	5.55%	5.02%	7.38%
ROIC Less NNEP Spread (ROIC-NNEP)	7.84%	10.47%	1.57%	7.97%	6.96%	3.96%	5.05%	5.05%	4.63%	4.15%	6.03%
Return on Net Nonoperating Assets (RNNOA)	8.97%	23.26%	3.52%	17.82%	8.86%	8.85%	11.11%	10.33%	9.18%	8.33%	11.77%
Return on Equity (ROE)	20.80%	38.34%	4.95%	28.25%	17.33%	13.61%	17.36%	16.82%	14.73%	13.36%	19.16%
Cash Return on Invested Capital (CROIC)	95.19%	1.55%	89.21%	2.33%	-83.09%	-2.86%	-2.13%	-1.81%	1.17%	2.20%	2.46%
Operating Return on Assets (OROA)	2.95%	1.97%	1.50%	3.54%	5.42%	3.84%	3.56%	3.06%	4.02%	3.66%	3.82%
Return on Assets (ROA)	2.36%	1.41%	1.14%	2.74%	2.94%	1.66%	1.85%	1.91%	1.97%	1.70%	2.49%
Return on Common Equity (ROCE)	23.78%	37.92%	4.90%	27.96%	19.60%	13.48%	17.19%	16.19%	14.19%	12.88%	18.48%
Return on Equity Simple (ROE_SIMPLE)	8.18%	8.24%	7.67%	0.00%	9.40%	9.65%	10.29%	0.00%	7.86%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,606	2,766	281	2,253	1,212	981	1,260	1,498	1,149	1,057	1,631
NOPAT Margin	27.06%	52.29%	5.07%	35.24%	20.67%	16.38%	21.32%	22.59%	19.21%	17.93%	26.10%
Net Nonoperating Expense Percent (NNEP)	4.00%	4.61%	-0.13%	2.46%	1.51%	0.81%	1.20%	1.45%	0.91%	0.87%	1.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	2.76%	-	-	-	1.71%	1.28%	1.17%	1.78%
Cost of Revenue to Revenue	24.23%	63.93%	18.12%	-25.45%	14.50%	62.21%	15.64%	-30.84%	59.18%	12.04%	60.59%
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	65.18%	26.50%	74.65%	107.70%	63.73%	18.84%	66.94%	115.46%	20.42%	69.38%	20.06%
Earnings before Interest and Taxes (EBIT)	714	572	463	1,194	1,352	1,216	1,112	1,079	1,290	1,180	1,306
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,791	1,569	1,274	2,047	2,374	2,269	2,171	2,134	2,387	2,253	2,438
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.99	1.89	2.06	1.87	1.91	2.12	2.03	1.73	1.38	1.46
Price to Tangible Book Value (P/TBV)	1.45	1.99	1.89	2.06	1.87	1.91	2.12	2.03	1.73	1.38	1.46
Price to Revenue (P/Rev)	2.08	2.21	2.12	2.23	2.09	2.11	2.36	2.38	2.06	1.68	1.79
Price to Earnings (P/E)	23.27	24.29	24.84	23.06	20.03	19.96	20.72	23.48	21.46	17.43	17.06
Dividend Yield	0.00%	0.00%	0.00%	0.06%	0.12%	0.17%	0.20%	0.27%	0.41%	0.61%	0.66%
Earnings Yield	4.30%	4.12%	4.03%	4.34%	4.99%	5.01%	4.83%	4.26%	4.66%	5.74%	5.86%
Enterprise Value to Invested Capital (EV/IC)	1.61	1.29	1.26	1.32	1.26	1.26	1.34	1.32	1.25	1.14	1.18
Enterprise Value to Revenue (EV/Rev)	2.26	4.70	4.62	4.63	4.53	4.55	4.76	4.76	4.44	4.15	4.23
Enterprise Value to EBITDA (EV/EBITDA)	7.71	15.65	16.98	16.07	14.39	13.58	12.96	12.96	12.14	11.32	11.37
Enterprise Value to EBIT (EV/EBIT)	21.21	41.75	49.04	36.47	29.20	25.61	23.56	24.37	23.15	21.73	21.57
Enterprise Value to NOPAT (EV/NOPAT)	5.55	12.09	1.35	12.45	16.27	19.27	21.08	23.94	22.65	20.71	19.84
Enterprise Value to Operating Cash Flow (EV/OCF)	14.77	22.13	18.83	22.61	17.96	20.57	17.45	14.43	12.61	11.29	12.05
Enterprise Value to Free Cash Flow (EV/FCFF)	1.04	87.25	1.47	58.99	0.00	0.00	0.00	0.00	109.92	52.91	48.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	2.25	2.24	2.23	2.20	2.23	2.17	1.88	1.90	1.88	1.84
Long-Term Debt to Equity	0.00	2.09	2.06	2.02	2.06	1.99	2.02	1.76	1.70	1.72	1.72
Financial Leverage	1.14	2.22	2.24	2.23	1.27	2.23	2.20	2.05	1.98	2.01	1.95
Leverage Ratio	3.82	5.09	5.12	5.05	3.97	4.98	4.96	4.66	4.62	4.61	4.56
Compound Leverage Factor	1.20	0.67	-0.72	1.97	2.27	2.48	2.11	1.98	2.41	2.22	2.20
Debt to Total Capital	17.55%	69.26%	69.10%	69.01%	68.75%	69.08%	68.50%	65.31%	65.56%	65.30%	64.80%
Short-Term Debt to Total Capital	17.55%	4.96%	5.30%	6.55%	4.50%	7.64%	4.83%	4.19%	6.93%	5.70%	4.14%
Long-Term Debt to Total Capital	0.00%	64.30%	63.80%	62.46%	64.25%	61.44%	63.67%	61.13%	58.63%	59.60%	60.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	1.76%	1.74%	1.72%
Noncontrolling Interests to Total Capital	0.88%	0.32%	0.32%	0.31%	0.30%	0.29%	0.29%	0.29%	0.28%	0.28%	0.28%
Common Equity to Total Capital	105.94%	30.42%	30.58%	30.68%	30.95%	30.63%	31.21%	32.60%	32.40%	32.67%	33.20%
Debt to EBITDA	0.81	8.42	9.32	8.43	7.87	7.44	6.65	6.40	6.57	6.62	6.44
Net Debt to EBITDA	0.58	8.26	9.15	8.29	7.73	7.24	6.51	6.26	6.30	6.54	6.36
Long-Term Debt to EBITDA	0.00	7.82	8.60	7.63	7.35	6.61	6.18	5.99	5.88	6.04	6.03
Debt to NOPAT	0.58	6.51	0.74	6.53	8.89	10.55	10.81	11.82	12.26	12.10	11.24
Net Debt to NOPAT	0.42	6.38	0.73	6.43	8.74	10.27	10.58	11.56	11.76	11.95	11.09
Long-Term Debt to NOPAT	0.00	6.04	0.69	5.91	8.31	9.38	10.05	11.06	10.97	11.04	10.52
Altman Z-Score	0.85	0.40	0.37	0.44	0.45	0.44	0.51	0.52	0.47	0.41	0.44
Noncontrolling Interest Sharing Ratio	-14.30%	1.09%	1.08%	1.04%	-13.05%	1.00%	0.98%	3.74%	3.66%	3.59%	3.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.63	0.96	0.84	0.83	0.99	0.90	1.04	1.05	0.95	0.94	0.94
Quick Ratio	0.16	0.30	0.26	0.24	0.28	0.25	0.29	0.40	0.22	0.16	0.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	39,107	-4,394	-5,312	-4,548	-52,034	-6,969	-5,939	-4,886	-2,663	-1,920	-1,491
Operating Cash Flow to CapEx	51.79%	53.30%	74.76%	18.25%	85.71%	30.94%	120.19%	68.32%	108.08%	34.49%	97.27%
Free Cash Flow to Firm to Interest Expense	64.96	-6.87	-7.79	-4.91	-72.78	-8.58	-7.47	-6.70	-3.63	-2.42	-1.94
Operating Cash Flow to Interest Expense	1.97	1.99	2.65	0.52	3.16	0.88	3.94	2.65	3.88	1.33	3.70
Operating Cash Flow Less CapEx to Interest Expense	-1.83	-1.75	-0.90	-2.31	-0.53	-1.95	0.66	-1.23	0.29	-2.54	-0.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.18	0.18	0.19	0.23	0.19	0.19	0.19	0.19	0.18	0.18
Accounts Receivable Turnover	8.23	5.88	5.16	5.93	9.14	7.31	6.62	5.38	8.83	8.91	8.52
Inventory Turnover	2.92	2.63	0.00	4.90	18.76	18.56	18.58	4.09	4.36	4.04	7.76
Fixed Asset Turnover	0.56	0.28	0.28	0.29	0.53	0.29	0.29	0.29	0.28	0.28	0.27
Accounts Payable Turnover	0.68	0.60	0.00	1.23	5.12	5.13	4.76	0.70	1.11	0.99	1.77
Days Sales Outstanding (DSO)	44.36	62.05	70.73	61.55	39.92	49.94	55.16	67.80	41.31	40.97	42.84
Days Inventory Outstanding (DIO)	125.02	138.83	0.00	74.44	19.46	19.67	19.64	89.32	83.76	90.32	47.01
Days Payable Outstanding (DPO)	540.19	606.75	0.00	296.82	71.27	71.11	76.62	519.28	327.85	368.82	206.08
Cash Conversion Cycle (CCC)	-370.80	-405.86	70.73	-160.83	-11.89	-1.50	-1.82	-362.16	-202.78	-237.52	-116.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,728	77,719	78,790	81,620	82,974	85,669	85,989	88,004	86,786	88,646	89,111
Invested Capital Turnover	0.44	0.29	0.28	0.30	0.41	0.29	0.29	0.29	0.29	0.28	0.28
Increase / (Decrease) in Invested Capital	-37,501	7,160	5,593	6,801	53,246	7,950	7,199	6,384	3,812	2,977	3,122
Enterprise Value (EV)	47,935	100,522	99,412	107,338	104,559	108,186	114,849	115,972	108,746	101,271	104,724
Market Capitalization	44,077	47,228	45,600	51,696	48,168	50,272	56,929	58,112	50,435	40,981	44,335
Book Value per Share	$11.10	$8.68	$8.52	$8.71	$12.06	$9.12	$9.32	$9.92	$9.91	$10.07	$10.34
Tangible Book Value per Share	$11.10	$8.68	$8.52	$8.71	$12.06	$9.12	$9.32	$9.92	$9.91	$10.07	$10.34
Total Capital	28,607	78,119	78,906	81,614	83,142	85,719	85,984	87,643	89,823	90,612	91,560
Total Debt	5,021	54,104	54,522	56,322	57,159	59,214	58,898	57,242	58,886	59,174	59,330
Total Long-Term Debt	0.00	50,230	50,343	50,975	53,415	52,664	54,748	53,573	52,663	54,007	55,536
Net Debt	3,606	53,042	53,560	55,390	56,139	57,662	57,668	56,029	56,480	58,459	58,558
Capital Expenditures (CapEx)	2,288	2,392	2,421	2,613	2,638	2,298	2,605	2,828	2,635	3,065	2,931
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,926	2,291	854	1,484	2,502	3,194	3,584	3,342	2,888	3,428	2,120
Debt-free Net Working Capital (DFNWC)	-511	3,353	1,816	2,416	3,522	4,746	4,814	4,555	5,294	4,143	2,892
Net Working Capital (NWC)	-5,532	-521	-2,363	-2,931	-222	-1,804	664	886	-929	-1,024	-902
Net Nonoperating Expense (NNE)	1,034	2,356	-70	1,330	477	457	681	824	515	508	781
Net Nonoperating Obligations (NNO)	6,142	53,704	54,406	56,328	56,991	59,164	58,903	57,603	55,849	57,208	56,881
Total Depreciation and Amortization (D&A)	1,077	997	811	853	1,022	1,053	1,059	1,055	1,097	1,073	1,132
Debt-free, Cash-free Net Working Capital to Revenue	-9.08%	10.71%	3.97%	6.41%	10.84%	13.43%	14.84%	13.70%	11.78%	14.04%	8.56%
Debt-free Net Working Capital to Revenue	-2.41%	15.68%	8.43%	10.43%	15.26%	19.96%	19.94%	18.68%	21.60%	16.97%	11.68%
Net Working Capital to Revenue	-26.08%	-2.44%	-10.98%	-12.65%	-0.96%	-7.59%	2.75%	3.63%	-3.79%	-4.19%	-3.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	$0.20	$0.16	$0.44	$0.34	$0.24	$0.27	$0.31	$0.28	$0.24	$0.37
Adjusted Weighted Average Basic Shares Outstanding	1.99B	2.02B	2.11B	2.06B	2.13B	2.14B	2.14B	2.14B	2.20B	2.20B	2.20B
Adjusted Diluted Earnings per Share	$0.27	$0.19	$0.16	$0.43	$0.34	$0.24	$0.27	$0.30	$0.28	$0.24	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	2.13B	2.14B	2.14B	2.14B	2.14B	2.14B	2.14B	2.15B	2.20B	2.20B	2.28B
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	5.21B	5.40B	5.49B	5.49B	2.88B	2.88B	2.88B	2.94B	2.94B	2.94B	2.94B
Normalized Net Operating Profit after Tax (NOPAT)	522	436	434	874	1,286	1,048	818	776	1,221	1,163	907
Normalized NOPAT Margin	8.80%	8.24%	7.83%	13.68%	21.94%	17.51%	13.84%	11.70%	20.41%	19.71%	14.50%
Pre Tax Income Margin	3.77%	1.42%	-1.17%	7.27%	13.21%	10.12%	8.01%	6.92%	11.25%	9.65%	10.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.19	0.89	0.68	1.29	1.89	1.50	1.40	1.48	1.76	1.49	1.70
NOPAT to Interest Expense	2.67	4.32	0.41	2.43	1.69	1.21	1.58	2.05	1.57	1.34	2.12
EBIT Less CapEx to Interest Expense	-2.61	-2.84	-2.87	-1.53	-1.80	-1.33	-1.88	-2.40	-1.83	-2.38	-2.11
NOPAT Less CapEx to Interest Expense	-1.13	0.58	-3.14	-0.39	-1.99	-1.62	-1.69	-1.82	-2.02	-2.53	-1.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	4.98%	6.28%	6.95%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	4.98%	6.28%	6.95%

Financials Breakdown Chart

Key Financial Trends

Looking at Pacific Gas & Electric (PCG) over the past several years and recent quarters, there are several key financial trends and highlights that retail investors should note.

Strong and Growing Net Income: PCG's consolidated net income has increased from around $351 million in Q3 2023 to $850 million by Q3 2025, showing a positive earnings trajectory over this period.
Increasing Operating Revenue: Operating revenue rose from $5.54 billion in Q3 2023 to $6.25 billion in Q3 2025, indicating top-line growth.
Solid Cash Flow From Operations: Operating cash flow shows strength, with $3.13 billion in Q3 2024 and $2.85 billion in Q3 2025, signifying strong cash generation from core business activities.
Investment in Infrastructure: The company continues heavy investments in property, plant, and equipment, spending around $2.6-$3.1 billion quarterly, which supports future growth and service capacity.
Stable Dividend Payments: Dividends per share have been steady at around $0.025 quarterly, supporting income-focused investors.
Increasing Long-Term Debt: Total long-term debt increased from about $47.7 billion (Q4 2022) to $55.5 billion (Q3 2025), reflecting financing for capital investments. While manageable, this warrants monitoring.
Fluctuating Working Capital: Changes in operating assets and liabilities have impacted cash flow variably, seen with swings from positive to negative changes quarter-to-quarter.
Significant Other Operating Expenses: "Other operating expenses" were very high in some quarters (e.g., $5.9 billion in Q4 2023), which suppresses operating income and suggests elevated non-core costs or regulatory/legal impacts.
Large Asset Retirement and Litigation Obligations: These liabilities remain substantial (around $25 billion), representing ongoing financial responsibilities, potential risk factors, and cash outflow needs.
Negative Retained Earnings: Retained earnings have remained negative over the years (e.g., about -$1.18 billion in Q3 2025), which might signal accumulated losses or shareholder distributions exceeding earnings historically.

Summary: PG&E shows a solid recovery and growth trend in revenues and net income with strong operating cash flow, supported by continued investment in infrastructure. However, investors should be cautious about the high other operating expenses, substantial liabilities related to retirements and litigations, and the high debt levels. Monitoring these areas along with free cash flow generation will be key in assessing the company’s risk and long-term value.

10/26/25 12:14 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Pacific Gas & Electric's Financials

When does Pacific Gas & Electric's fiscal year end?

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

How has Pacific Gas & Electric's net income changed over the last 10 years?

Pacific Gas & Electric's net income appears to be on a downward trend, with a most recent value of $2.51 billion in 2024, falling from $2.89 billion in 2014. The previous period was $2.26 billion in 2023. See Pacific Gas & Electric's forecast for analyst expectations on what’s next for the company.

What is Pacific Gas & Electric's operating income?

Pacific Gas & Electric'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 Pacific Gas & Electric's revenue changed over the last 10 years?

Over the last 10 years, Pacific Gas & Electric's total revenue changed from $17.09 billion in 2014 to $24.39 billion in 2024, a change of 42.7%.

How much debt does Pacific Gas & Electric have?

Pacific Gas & Electric's total liabilities were at $102.45 billion at the end of 2024, a 2.3% increase from 2023, and a 499.0% increase since 2014.

How much cash does Pacific Gas & Electric have?

In the past 10 years, Pacific Gas & Electric's cash and equivalents has ranged from $0.00 in 2014 to $1.67 billion in 2018, and is currently $940 million as of their latest financial filing in 2024.

How has Pacific Gas & Electric's book value per share changed over the last 10 years?

Over the last 10 years, Pacific Gas & Electric's book value per share changed from 0.00 in 2014 to 9.92 in 2024, a change of 992.1%.

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This page (NYSE:PCG) was last updated on 10/25/2025 by MarketBeat.com Staff

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Pacific Gas & Electric (PCG) Financials

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Pacific Gas & Electric (PCG) Financials

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