XML 54 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income $ 440 $ 501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 1,282 1,095
Allowance for equity funds used during construction (53) (46)
Deferred income taxes and tax credits, net 219 51
Disallowed capital expenditures 128 0
Other 149 139
Effect of changes in operating assets and liabilities:    
Accounts receivable (241) (30)
Inventories 20 (7)
Accounts payable 78 (101)
Income taxes receivable/payable 6 (39)
Other current assets and liabilities 77 94
Regulatory assets, liabilities, and balancing accounts, net (62) (311)
Other noncurrent assets and liabilities (184) (66)
Net cash provided by operating activities 1,859 1,280
Cash Flows from Investing Activities    
Capital expenditures (2,410) (2,320)
Decrease in restricted cash 11 2
Proceeds from sales and maturities of nuclear decommissioning trust investments 779 877
Purchases of nuclear decommissioning trust investments (879) (873)
Other 13 21
Net cash used in investing activities (2,486) (2,293)
Cash Flows from Financing Activities    
Repayments under revolving credit facilities 0 (260)
Net issuances of commercial paper, net of discount of $2 and $1 at respective dates 681 237
Proceeds from issuance of short-term debt, net of issuance costs 0 300
Short-term debt matured (300) 0
Proceeds from issuance of long-term debt, net of premium, discount, and issuance costs of $14, at respective dates, for PG&E Corporation and $14 and $11, at respective dates, for the Utility 486 1,236
Repayments of long-term debt 0 (889)
Common stock issued 252 589
Common stock dividends paid (424) (408)
Other 30 44
Net cash provided by financing activities 725 849
Net change in cash and cash equivalents 98 (164)
Cash and cash equivalents at January 1 151 296
Cash and cash equivalents at June 30 249 132
Cash received (paid) for:    
Interest, net of amounts capitalized (334) (318)
Income taxes, net 0 (1)
Supplemental disclosures of noncash investing and financing activities    
Common stock dividends declared but not yet paid 219 215
Capital expenditures financed through accounts payable 177 224
Noncash common stock issuances 10 10
Terminated capital leases 0 68
Pacific Gas And Electric Company [Member]    
Cash Flows from Operating Activities    
Net income 410 478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 1,282 1,094
Allowance for equity funds used during construction (53) (46)
Deferred income taxes and tax credits, net 219 18
Disallowed capital expenditures 128 0
Other 119 108
Effect of changes in operating assets and liabilities:    
Accounts receivable (242) (31)
Inventories 20 (7)
Accounts payable 134 (72)
Income taxes receivable/payable 8 (35)
Other current assets and liabilities 67 141
Regulatory assets, liabilities, and balancing accounts, net (62) (311)
Other noncurrent assets and liabilities (170) (76)
Net cash provided by operating activities 1,860 1,261
Cash Flows from Investing Activities    
Capital expenditures (2,410) (2,320)
Decrease in restricted cash 11 2
Proceeds from sales and maturities of nuclear decommissioning trust investments 779 877
Purchases of nuclear decommissioning trust investments (879) (873)
Other 13 17
Net cash used in investing activities (2,486) (2,297)
Cash Flows from Financing Activities    
Net issuances of commercial paper, net of discount of $2 and $1 at respective dates 676 125
Proceeds from issuance of short-term debt, net of issuance costs 0 300
Short-term debt matured (300) 0
Proceeds from issuance of long-term debt, net of premium, discount, and issuance costs of $14, at respective dates, for PG&E Corporation and $14 and $11, at respective dates, for the Utility 486 889
Repayments of long-term debt 0 (539)
Preferred stock dividends paid (7) (7)
Common stock dividends paid (358) (358)
Equity contribution from PG&E Corporation 185 580
Other 37 51
Net cash provided by financing activities 719 1,041
Net change in cash and cash equivalents 93 5
Cash and cash equivalents at January 1 55 65
Cash and cash equivalents at June 30 148 70
Cash received (paid) for:    
Interest, net of amounts capitalized (330) (307)
Income taxes, net 0 (1)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 177 224
Terminated capital leases $ 0 $ 68