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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash Flows from Operating Activities          
Net income (loss) $ (980) $ 410 $ (535) $ 989  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, amortization, and decommissioning     1,498 1,424  
Allowance for equity funds used during construction     (63) (34)  
Deferred income taxes and tax credits, net     (145) 516  
Disallowed capital expenditures     0 47  
Other     104 121  
Effect of changes in operating assets and liabilities:          
Accounts receivable     (11) 111  
Wildfire-related insurance receivable     (144) 54  
Inventories     (6) (38)  
Accounts payable     39 19  
Wildfire-related claims     2,299 (116)  
Income taxes receivable/payable     0 67  
Other current assets and liabilities     (103) (92)  
Regulatory assets, liabilities, and balancing accounts, net     (12) (353)  
Other noncurrent assets and liabilities     (168) 41  
Net cash provided by operating activities     2,753 2,756  
Cash Flows from Investing Activities          
Capital expenditures     (2,897) (2,474)  
Proceeds from sales and maturities of nuclear decommissioning trust investments 308 324 802 794  
Purchases of nuclear decommissioning trust investments     (815) (817)  
Other     15 8  
Net cash used in investing activities     (2,895) (2,489)  
Cash Flows from Financing Activities          
Borrowings under revolving credit facilities     700 0  
Net issuances (repayments) of commercial paper, net of discount     (182) (339)  
Short-term debt financing     250 250  
Short-term debt matured     (250) (250)  
Proceeds from issuance of long-term debt, net of discount and issuance costs     350 734  
Long-term debt matured or repurchased     (750) (345)  
Common stock issued     82 247  
Common stock dividends paid     0 (488)  
Other     10 (75)  
Net cash provided by (used in) financing activities     210 (266)  
Net change in cash and cash equivalents     68 1  
Cash and cash equivalents at January 1     449 177 $ 177
Cash and cash equivalents at June 30 517 178 517 178 449
Supplemental disclosures of cash flow information          
Interest, net of amounts capitalized     (394) (395)  
Income taxes, net     0 68  
Supplemental disclosures of noncash investing and financing activities          
Common stock dividends declared but not yet paid 0 271 0 271  
Capital expenditures financed through accounts payable     317 268  
Noncash common stock issuances     0 10  
Terminated capital leases     137 0  
Pacific Gas & Electric Co          
Cash Flows from Operating Activities          
Net income (loss) (976) 409 (524) 978  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, amortization, and decommissioning     1,498 1,424  
Allowance for equity funds used during construction     (63) (34)  
Deferred income taxes and tax credits, net     (149) 534  
Disallowed capital expenditures     0 47  
Other     57 127  
Effect of changes in operating assets and liabilities:          
Accounts receivable     (11) 113  
Wildfire-related insurance receivable     (144) 54  
Inventories     (6) (38)  
Accounts payable     40 45  
Wildfire-related claims     2,299 (116)  
Income taxes receivable/payable     0 75  
Other current assets and liabilities     (95) (72)  
Regulatory assets, liabilities, and balancing accounts, net     (12) (353)  
Other noncurrent assets and liabilities     (168) 40  
Net cash provided by operating activities     2,722 2,824  
Cash Flows from Investing Activities          
Capital expenditures     (2,897) (2,474)  
Proceeds from sales and maturities of nuclear decommissioning trust investments     802 794  
Purchases of nuclear decommissioning trust investments     (815) (817)  
Other     15 8  
Net cash used in investing activities     (2,895) (2,489)  
Cash Flows from Financing Activities          
Borrowings under revolving credit facilities     650 0  
Net issuances (repayments) of commercial paper, net of discount     (50) (339)  
Short-term debt financing     250 250  
Short-term debt matured     (250) (250)  
Proceeds from issuance of long-term debt, net of discount and issuance costs     0 734  
Long-term debt matured or repurchased     (400) (345)  
Preferred stock dividends paid     0 (7)  
Common stock dividends paid     0 (514)  
Equity contribution from PG&E Corporation     0 190  
Other     10 (68)  
Net cash provided by (used in) financing activities     210 (349)  
Net change in cash and cash equivalents     37 (14)  
Cash and cash equivalents at January 1     447 71 71
Cash and cash equivalents at June 30 $ 484 $ 57 484 57 $ 447
Supplemental disclosures of cash flow information          
Interest, net of amounts capitalized     (387) (390)  
Income taxes, net     0 76  
Supplemental disclosures of noncash investing and financing activities          
Capital expenditures financed through accounts payable     317 268  
Terminated capital leases     $ 137 $ 0