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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 572 $ 478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 1,077 972
Bad debt expense 139 43
Allowance for equity funds used during construction (41) (42)
Deferred income taxes and tax credits, net (163) (16)
Wildfire Fund expense 117 118
Other (6) 148
Effect of changes in operating assets and liabilities:    
Accounts receivable 826 543
Wildfire-related insurance receivable 51 43
Inventories 7 (22)
Accounts payable 303 217
Wildfire-related claims (396) (631)
Other current assets and liabilities (239) (113)
Regulatory assets, liabilities, and balancing accounts, net (1,069) 63
Other noncurrent assets and liabilities 7 (140)
Net cash provided by operating activities 1,185 1,661
Cash Flows from Investing Activities    
Capital expenditures (2,288) (2,310)
Proceeds from sales and maturities of nuclear decommissioning trust investments 277 421
Purchases of nuclear decommissioning trust investments (303) (447)
Proceeds from sales and maturities of customer credit trust investments 169 0
Other 5 6
Net cash used in investing activities (2,140) (2,330)
Cash Flows from Financing Activities    
Borrowings under credit facilities 4,071 1,406
Repayments under credit facilities (4,785) (3,151)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $27 and $22 at respective dates 2,223 2,379
Repayment of long-term debt (7) (7)
Other (65) 11
Net cash provided by financing activities 1,423 638
Net change in cash, cash equivalents, and restricted cash 468 (31)
Cash, cash equivalents, and restricted cash at January 1 947 307
Cash, cash equivalents, and restricted cash at March 31 1,415 276
Less: Restricted cash and restricted cash equivalents (387) (29)
Cash and cash equivalents at March 31 1,028 247
Cash paid for:    
Interest, net of amounts capitalized (598) (519)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 664 975
Operating lease liabilities arising from obtaining right-of-use assets 195 0
Changes to PG&E Corporation common stock and treasury stock in connection with the Share Exchange and Tax Matters Agreement (610) 0
Forgiveness of DWR loan for performance-based disbursements earned 33 0
Series 2022-A Recovery Bonds    
Cash Flows from Financing Activities    
Repayments of recovery bonds $ (14) $ 0