Operating

PG&E·Cash Flow Statement·17 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net cash from operating activities	$711M	$3.1B	$1.9B	$2.8B	$1.1B	$2.9B	$2B	$2.4B
Depreciation, amortization, and decommissioning	$1.1B	$1.1B	$1.1B	$1.1B	$1.1B	$1.1B	$1.3B	$1.2B
Net income	$524M	$579M	$674M	$634M	$549M	$850M	$670M	$885M
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net	$219M	$639M	—	$118M	$174M	$140M	—	-$357M
Deferred income taxes	$246M	$199M	$414M	$162M	$310M	$228M	$358M	$294M
Wildfire-related claims	-$230M	—	-$77M	-$166M	—	-$295M	—	-$144M
Change in receivables	$619M	$0	$109M	-$37M	$599M	—	—	-$129M
Increase (Decrease) in Accounts and Notes Receivable	$619M	$0	$109M	-$37M	$599M	—	—	-$129M
Wildfire Fund expense	$78M	$139M	$88M	$76M	$109M	$86M	$81M	$102M
Accounts Receivable, Credit Loss Expense (Reversal)	$65M	$109M	$97M	$100M	$141M	$90M	$71M	$89M
Provision for credit losses	$65M	$109M	$97M	$100M	$141M	$90M	$71M	$89M
Regulatory Assets Liabilities And Balancing Accounts Net	-$68M	-$924M	$0	-$922M	—	-$574M	—	$74M
Other working capital changes	-$33M	$392M	$52M	-$38M	—	-$55M	—	-$60M
Increase (Decrease) in Allowance for Equity Funds Used During Construction	$45M	$52M	$48M	$48M	$49M	$67M	$55M	$55M
Increase (Decrease) in Insurance Settlements Receivable	-$121M	-$82M	-$40M	$5M	$128M	—	$61M	-$20M
Change in inventories	—	—	-$14M	-$31M	-$3M	-$23M	$57M	$11M
Change in accounts payable	—	$122M	—	$91M	$97M	—	$151M	-$4M