PG&E (NYSE: PCG) financial statements
The consolidated income statement, balance sheet and cash flow statement of PG&E for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $141,611m in total assets and $32,540m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24,935m | $24,419m | $24,428m | $21,680m | $20,642m | $18,469m | $17,129m | $16,759m | $17,135m | $17,666m |
| Operating profit | $4,749m | $4,459m | $2,671m | $1,837m | $1,883m | $1,755m | −$10,094m | −$9,700m | $2,905m | $2,080m |
| Finance costs | $3,028m | $3,051m | $2,850m | $1,917m | $1,601m | $1,260m | $934.0m | $929.0m | $888.0m | $829.0m |
| Profit before tax | $2,423m | $2,312m | $699.0m | $476.0m | $748.0m | −$942.0m | −$11,042m | −$10,129m | $2,171m | $1,462m |
| Income tax | $280.0m | $200.0m | $1,557m | $1,338m | $836.0m | $362.0m | $3,400m | $3,292m | $511.0m | $55.0m |
| Net profit | $2,703m | $2,512m | $2,256m | $1,814m | −$88.0m | −$1,304m | −$7,642m | −$6,837m | $1,660m | $1,407m |
| Earnings per share | $1.18 | $1.16 | $1.09 | $0.91 | −$0.05 | −$1.05 | −$14.50 | −$13.25 | $3.21 | $2.79 |
| Diluted earnings per share | $1.18 | $1.15 | $1.05 | $0.84 | −$0.05 | −$1.05 | −$14.50 | −$13.25 | $3.21 | $2.78 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $141,611m | $133,660m | $125,698m | $118,644m | $103,327m | $97,856m | $85,196m | $76,995m | $68,012m | $68,598m |
| Current assets | $15,830m | $17,216m | $14,383m | $12,815m | $11,077m | $9,602m | $10,165m | $9,195m | $6,281m | $6,164m |
| Inventories | $75.0m | $52.0m | $65.0m | $91.0m | $44.0m | $95.0m | $97.0m | $111.0m | $115.0m | $117.0m |
| Property, plant and equipment | $96,348m | $88,229m | $82,321m | $76,208m | $69,826m | $66,136m | $61,635m | $58,557m | $53,789m | $50,581m |
| Cash | $713.0m | $940.0m | $635.0m | $734.0m | $291.0m | $484.0m | $1,570m | $1,668m | $449.0m | $177.0m |
| Current liabilities | $16,300m | $16,330m | $17,314m | $15,788m | $17,427m | $13,581m | $7,631m | $41,695m | $7,129m | $7,564m |
| Equity | $32,540m | $30,149m | $25,040m | $22,823m | $20,971m | $21,001m | $5,136m | $12,651m | $19,220m | $17,940m |
| Equity including minorities | $32,792m | $30,401m | $25,292m | $23,075m | $21,223m | $21,253m | $5,388m | $12,903m | $19,472m | $18,192m |
| Minority interests | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m | $252.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8,716m | $8,035m | $4,747m | $3,721m | $2,262m | −$19,130m | $4,816m | $4,752m | $5,977m | $4,409m |
| Investing cash flow | −$12,316m | −$11,375m | −$9,162m | −$10,214m | −$6,905m | −$7,748m | −$6,378m | −$6,564m | −$5,650m | −$5,753m |
| Financing cash flow | $3,359m | $3,621m | $4,400m | $7,133m | $4,323m | $25,928m | $1,464m | $3,031m | −$55.0m | $1,171m |
| Capital expenditure | −$11,787m | −$10,369m | −$9,714m | −$9,584m | −$7,689m | −$7,690m | −$6,313m | −$6,514m | −$5,641m | −$5,709m |
| Dividends paid | — | −$86.0m | $0.0m | $0.0m | — | — | $0.0m | $0.0m | −$1,021m | −$921.0m |
Where each figure comes from
From the annual report (Form 10-K) that PG&E files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the PG&E page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.