PG&E 2007 Annual Report Download - page 86
Download and view the complete annual report
Please find page 86 of the 2007 PG&E annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
 |
 |
84
Balance at December 31,
(in millions, except share amounts) 2007 2006
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings $ 519 $ 759
Long-term debt, classifi ed as current — 281
Rate reduction bonds, classifi ed as current — 290
Energy recovery bonds, classifi ed as current 354 340
Accounts payable:
Trade creditors 1,067 1,075
Disputed claims and customer refunds 1,629 1,709
Regulatory balancing accounts 673 1,030
Other 394 420
Interest payable 697 583
Income taxes payable — 102
Deferred income taxes — 148
Other 1,390 1,513
Total current liabilities 6,723 8,250
Noncurrent Liabilities
Long-term debt 8,171 6,697
Energy recovery bonds 1,582 1,936
Regulatory liabilities 4,448 3,392
Asset retirement obligations 1,579 1,466
Income taxes payable 234 —
Deferred income taxes 3,053 2,840
Deferred tax credits 99 106
Other 1,954 2,053
Total noncurrent liabilities 21,120 18,490
Commitments and Contingencies (Notes 2, 4, 5, 6, 7, 8, 9, 11, 13, 15, and 17)
Preferred Stock of Subsidiaries 252 252
Preferred Stock
Preferred stock, no par value, authorized 80,000,000 shares, $100 par value,
authorized 5,000,000 shares, none issued — —
Common Shareholders’ Equity
Common stock, no par value, authorized 800,000,000 shares, issued 378,385,151 common and
1,261,125 restricted shares in 2007 and issued 372,803,521 common and 1,377,538 restricted
shares in 2006 6,110 5,877
Common stock held by subsidiary, at cost, 24,665,500 shares (718) (718)
Reinvested earnings 3,151 2,671
Accumulated other comprehensive income (loss) 10 (19)
Total common shareholders’ equity 8,553 7,811
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 36,648 $ 34,803
CONSOLIDATED BALANCE SHEETS
PG&E Corporation
See accompanying Notes to the Consolidated Financial Statements.