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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income (Loss) $ (1,304) $ (7,642) $ (6,837)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,468 3,234 3,036
Allowance for equity funds used during construction (140) (79) (129)
Deferred income taxes and tax credits, net 1,097 (2,948) (2,532)
Reorganization items, net 1,458 108 0
Wildfire fund expense 413 0 0
Disallowed capital expenditures 17 581 (45)
Other 399 207 332
Effect of changes in operating assets and liabilities:      
Accounts receivable (1,182) (104) (121)
Wildfire-related insurance receivable 1,564 35 (1,698)
Inventories 6 (80) (73)
Accounts payable 58 516 409
Wildfire-related claims (16,525) (114) 13,665
Income taxes receivable/payable 0 23 (23)
Other current assets and liabilities (1,079) 77 (281)
Regulatory assets, liabilities, and balancing accounts, net (2,451) (1,417) (800)
Liabilities subject to compromise 413 12,222 0
Contributions to wildfire fund (5,200) 0 0
Other noncurrent assets and liabilities (142) 197 (151)
Net cash provided by (used in) operating activities (19,130) 4,816 4,752
Cash Flows from Investing Activities      
Capital expenditures (7,690) (6,313) (6,514)
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,518 956 1,412
Purchases of nuclear decommissioning trust investments (1,590) (1,032) (1,485)
Other 14 11 23
Net cash used in investing activities (7,748) (6,378) (6,564)
Cash Flows from Financing Activities      
Proceeds from debtor-in-possession credit facility 500 1,850 0
Repayments of debtor-in-possession credit facility (2,000) (350) 0
Debtor-in-possession credit facility debt issuance costs (6) (113) 0
Bridge facility financing fees (73) 0 0
Repayment of long-term debt (764) 0 (795)
Borrowings under credit facilities 8,554 0 3,960
Repayments under credit facilities (3,949) 0 (775)
Credit facilities financing fees (22) 0 0
Net repayments of commercial paper, net of discount 0 0 (182)
Short-term debt financing, net of issuance costs of $2, $0, and $0 at respective dates 1,448 0 600
Short-term debt matured 0 0 (750)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs 13,497 0 793
Exchanged debt financing fees (103) 0 0
Common stock issued 7,582 85 200
Equity Units issued 1,304 0 0
Other (40) (8) (20)
Net cash provided by financing activities 25,928 1,464 3,031
Net change in cash, cash equivalents, and restricted cash (950) (98) 1,219
Cash, cash equivalents, and restricted cash at January 1 1,577 1,675 456
Cash, cash equivalents, and restricted cash at December 31 627 1,577 1,675
Less: Restricted cash and restricted cash equivalents (143) (7) (7)
Cash and cash equivalents at December 31 484 1,570 1,668
Cash paid for:      
Interest, net of amounts capitalized (1,563) (10) (786)
Income taxes, net 0 0 (49)
Supplemental disclosures of noncash investing and financing activities      
Capital expenditures financed through accounts payable 515 826 368
Operating lease liabilities arising from obtaining ROU assets 13 2,816 0
Common stock issued in satisfaction of liabilities 8,276 0 0
Pacific Gas & Electric Co (Utility)      
Cash Flows from Operating Activities      
Net income (Loss) 411 (7,622) (6,818)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,469 3,233 3,036
Allowance for equity funds used during construction (140) (79) (129)
Deferred income taxes and tax credits, net 1,141 (2,952) (2,548)
Reorganization items, net (90) 97 0
Wildfire fund expense 413 0 0
Disallowed capital expenditures 17 581 (45)
Other 370 167 258
Effect of changes in operating assets and liabilities:      
Accounts receivable (1,160) (132) (122)
Wildfire-related insurance receivable 1,564 35 (1,698)
Inventories 6 (80) (73)
Accounts payable (24) 579 421
Wildfire-related claims (16,525) (114) 13,665
Income taxes receivable/payable 0 5 (5)
Other current assets and liabilities (1,141) 101 (301)
Regulatory assets, liabilities, and balancing accounts, net (2,451) (1,417) (800)
Liabilities subject to compromise 401 12,194 0
Contributions to wildfire fund (5,200) 0 0
Other noncurrent assets and liabilities (108) 214 (137)
Net cash provided by (used in) operating activities (19,047) 4,810 4,704
Cash Flows from Investing Activities      
Capital expenditures (7,690) (6,313) (6,514)
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,518 956 1,412
Purchases of nuclear decommissioning trust investments (1,590) (1,032) (1,485)
Other 14 11 23
Net cash used in investing activities (7,748) (6,378) (6,564)
Cash Flows from Financing Activities      
Proceeds from debtor-in-possession credit facility 500 1,850 0
Repayments of debtor-in-possession credit facility (2,000) (350) 0
Debtor-in-possession credit facility debt issuance costs (6) (97) 0
Bridge facility financing fees (33) 0 0
Repayment of long-term debt (100)   (445)
Borrowings under credit facilities 8,554 0 3,535
Repayments under credit facilities (3,949) 0 (650)
Credit facilities financing fees (22) 0 0
Net repayments of commercial paper, net of discount 0 0 (50)
Short-term debt financing, net of issuance costs of $2, $0, and $0 at respective dates 1,448 0 250
Short-term debt matured 0 0 (750)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs 8,837 0 793
Exchanged debt financing fees (103) 0 0
Equity contribution from PG&E Corporation 12,986 0 45
Other (42) (8) (20)
Net cash provided by financing activities 26,070 1,395 2,708
Net change in cash, cash equivalents, and restricted cash (725) (173) 848
Cash, cash equivalents, and restricted cash at January 1 1,129 1,302 454
Cash, cash equivalents, and restricted cash at December 31 404 1,129 1,302
Less: Restricted cash and restricted cash equivalents (143) (7) (7)
Cash and cash equivalents at December 31 261 1,122 1,295
Cash paid for:      
Interest, net of amounts capitalized (1,458) (7) (773)
Income taxes, net 0 0 (59)
Supplemental disclosures of noncash investing and financing activities      
Capital expenditures financed through accounts payable 515 826 368
Operating lease liabilities arising from obtaining ROU assets 13 2,807 0
Common stock equity infusion from PG&E Corporation used to satisfy liabilities $ 6,750 $ 0 $ 0