PG&E 2011 Annual Report Download - page 56
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PG&E Corporation
CONSOLIDATED BALANCE SHEETS
(in millions, except share amounts)
Balance at
December 31,
2011 2010
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings ..................................................... $ 1,647 $ 853
Long-term debt, classified as current ........................................... 50 809
Energy recovery bonds, classified as current ..................................... 423 404
Accounts payable
Trade creditors ......................................................... 1,177 1,129
Disputed claims and customer refunds ........................................ 673 745
Regulatory balancing accounts .............................................. 374 256
Other ............................................................... 420 379
Interest payable .......................................................... 843 862
Income taxes payable ...................................................... 110 77
Deferred income taxes ..................................................... 196 113
Other ................................................................. 1,836 1,558
Total current liabilities ................................................... 7,749 7,185
Noncurrent Liabilities
Long-term debt .......................................................... 11,766 10,906
Energy recovery bonds ..................................................... — 423
Regulatory liabilities ...................................................... 4,733 4,525
Pension and other postretirement benefits ....................................... 3,396 2,234
Asset retirement obligations ................................................. 1,609 1,586
Deferred income taxes ..................................................... 6,008 5,547
Other ................................................................. 2,136 2,085
Total noncurrent liabilities ................................................ 29,648 27,306
Commitments and Contingencies (Note 15)
Equity
Shareholders’ Equity
Preferred stock ......................................................... ——
Common stock, no par value, authorized 800,000,000 shares, 412,257,082 shares outstanding
at December 31, 2011 and 395,227,205 shares outstanding at December 31, 2010 ....... 7,602 6,878
Reinvested earnings ..................................................... 4,712 4,606
Accumulated other comprehensive loss ....................................... (213) (202)
Total shareholders’ equity ............................................... 12,101 11,282
Noncontrolling Interest—Preferred Stock of Subsidiary ............................. 252 252
Total equity ........................................................ 12,353 11,534
TOTAL LIABILITIES AND EQUITY ............................................ $49,750 $46,025
See accompanying Notes to the Consolidated Financial Statements.
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