XML 30 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net Income (Loss) $ (6,837) $ 1,660 $ 1,407
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,036 2,854 2,755
Allowance for equity funds used during construction (129) (89) (112)
Deferred income taxes and tax credits, net (2,532) 1,254 1,030
Disallowed capital expenditures (45) 47 507
Other 332 307 379
Effect of changes in operating assets and liabilities:      
Accounts receivable (121) 67 (473)
Wildfire-related insurance receivable (1,698) (21) (575)
Inventories (73) (18) (24)
Accounts payable 409 173 180
Wildfire-related claims 13,665 (129) 690
Income taxes receivable/payable (23) 160 (5)
Other current assets and liabilities (281) 42 83
Regulatory assets, liabilities, and balancing accounts, net (800) (387) (1,214)
Other noncurrent assets and liabilities (151) 57 (219)
Net cash provided by operating activities 4,752 5,977 4,409
Cash Flows from Investing Activities      
Capital expenditures (6,514) (5,641) (5,709)
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,412 1,291 1,295
Purchases of nuclear decommissioning trust investments (1,485) (1,323) (1,352)
Other 23 23 13
Net cash used in investing activities (6,564) (5,650) (5,753)
Cash Flows from Financing Activities      
Borrowings under revolving credit facilities 3,960 0 0
Repayments under revolving credit facilities (775) 0 0
Net issuances (repayments) of commercial paper, net of discount (182) (840) (9)
Short-term debt financing 600 750 500
Short-term debt matured (750) (500) 0
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs 793 2,713 983
Long-term debt matured or repurchased (795) (1,445) (160)
Common stock issued 200 395 822
Common stock dividends paid 0 (1,021) (921)
Other (20) (107) (44)
Net cash provided by (used in) financing activities 3,031 (55) 1,171
Net change in cash, cash equivalents, and restricted cash 1,219 272 (173)
Cash, cash equivalents, and restricted cash at January 1 456 184 357
Cash, cash equivalents, and restricted cash at December 31 1,675 456 184
Less: Restricted cash and restricted cash equivalents (7) (7) (7)
Cash and cash equivalents at December 31 1,668 449 177
Cash received (paid) for:      
Interest, net of amounts capitalized (786) (790) (726)
Income taxes, net (49) 162 231
Supplemental disclosures of noncash investing and financing activities      
Common stock dividends declared but not yet paid 0 0 248
Capital expenditures financed through accounts payable 368 501 403
Noncash common stock issuances 0 21 20
Pacific Gas & Electric Co      
Cash Flows from Operating Activities      
Net Income (Loss) (6,818) 1,691 1,402
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,036 2,854 2,754
Allowance for equity funds used during construction (129) (89) (112)
Deferred income taxes and tax credits, net (2,548) 1,103 1,042
Disallowed capital expenditures (45) 47 507
Other 258 283 306
Effect of changes in operating assets and liabilities:      
Accounts receivable (122) 66 (475)
Wildfire-related insurance receivable (1,698) (21) (575)
Inventories (73) (18) (24)
Accounts payable 421 173 179
Wildfire-related claims 13,665 (129) 690
Income taxes receivable/payable (5) 159 (29)
Other current assets and liabilities (301) 59 112
Regulatory assets, liabilities, and balancing accounts, net (800) (390) (1,214)
Other noncurrent assets and liabilities (137) 128 (219)
Net cash provided by operating activities 4,704 5,916 4,344
Cash Flows from Investing Activities      
Capital expenditures (6,514) (5,641) (5,709)
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,412 1,291 1,295
Purchases of nuclear decommissioning trust investments (1,485) (1,323) (1,352)
Other 23 23 13
Net cash used in investing activities (6,564) (5,650) (5,753)
Cash Flows from Financing Activities      
Borrowings under revolving credit facilities 3,535 0 0
Repayments under revolving credit facilities (650) 0 0
Net issuances (repayments) of commercial paper, net of discount (50) (972) (9)
Short-term debt financing 250 750 500
Short-term debt matured (750) (500) 0
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs 793 2,713 983
Long-term debt matured or repurchased (445) (1,445) (160)
Preferred stock dividends paid 0 (14) (14)
Common stock dividends paid 0 (784) (911)
Equity contribution from PG&E Corporation 45 455 835
Other (20) (93) (30)
Net cash provided by (used in) financing activities 2,708 110 1,194
Net change in cash, cash equivalents, and restricted cash 848 376 (215)
Cash, cash equivalents, and restricted cash at January 1 454 78 293
Cash, cash equivalents, and restricted cash at December 31 1,302 454 78
Less: Restricted cash and restricted cash equivalents (7) (7) (7)
Cash and cash equivalents at December 31 1,295 447 71
Cash received (paid) for:      
Interest, net of amounts capitalized (773) (781) (717)
Income taxes, net (59) 162 244
Supplemental disclosures of noncash investing and financing activities      
Capital expenditures financed through accounts payable $ 368 $ 501 $ 403