PG&E 2011 Annual Report Download - page 61
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Pacific Gas and Electric Company
CONSOLIDATED BALANCE SHEETS
(in millions, except share amounts)
Balance at
December 31,
2011 2010
LIABILITIES AND SHAREHOLDERS’ 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 ............................................................... 417 390
Interest payable .......................................................... 838 857
Income taxes payable ...................................................... 118 116
Deferred income taxes ..................................................... 199 118
Other ................................................................. 1,628 1,349
Total current liabilities ................................................... 7,544 7,026
Noncurrent Liabilities
Long-term debt .......................................................... 11,417 10,557
Energy recovery bonds ..................................................... — 423
Regulatory liabilities ...................................................... 4,733 4,525
Pension and other postretirement benefits ....................................... 3,325 2,174
Asset retirement obligations ................................................. 1,609 1,586
Deferred income taxes ..................................................... 6,160 5,659
Other ................................................................. 2,070 2,008
Total noncurrent liabilities ................................................ 29,314 26,932
Commitments and Contingencies (Note 15)
Shareholders’ Equity
Preferred stock .......................................................... 258 258
Common stock, $5 par value, authorized 800,000,000 shares, 264,374,809 shares outstanding at
December 31, 2011 and 2010 .............................................. 1,322 1,322
Additional paid-in capital ................................................... 3,796 3,241
Reinvested earnings ....................................................... 7,210 7,095
Accumulated other comprehensive loss ......................................... (202) (195)
Total shareholders’ equity ................................................. 12,384 11,721
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ............................. $49,242 $45,679
See accompanying Notes to the Consolidated Financial Statements.
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