PG&E 2012 Annual Report Download - page 60
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PG&E Corporation
CONSOLIDATED BALANCE SHEETS
(in millions, except share amounts)
Balance at
December 31,
2012 2011
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings ............................................. $ 492 $ 1,647
Long-term debt, classified as current ................................... 400 50
Energy recovery bonds, classified as current .............................. — 423
Accounts payable
Trade creditors ................................................. 1,241 1,177
Disputed claims and customer refunds ................................ 157 673
Regulatory balancing accounts ...................................... 634 374
Other ........................................................ 444 420
Interest payable .................................................. 870 843
Income taxes payable .............................................. 6 110
Deferred income taxes ............................................. — 196
Other .......................................................... 2,012 1,836
Total current liabilities ........................................... 6,256 7,749
Noncurrent Liabilities
Long-term debt .................................................. 12,517 11,766
Regulatory liabilities ............................................... 5,088 4,733
Pension and other postretirement benefits ............................... 3,575 3,396
Asset retirement obligations ......................................... 2,919 1,609
Deferred income taxes ............................................. 6,748 6,008
Other .......................................................... 2,020 2,136
Total noncurrent liabilities ......................................... 32,867 29,648
Commitments and Contingencies (Note 15)
Equity
Shareholders’ Equity
Preferred stock ................................................. ——
Common stock, no par value, authorized 800,000,000 shares, 430,718,293 shares
outstanding at December 31, 2012 and 412,257,082 shares outstanding at
December 31, 2011 ............................................ 8,428 7,602
Reinvested earnings .............................................. 4,747 4,712
Accumulated other comprehensive loss ................................ (101) (213)
Total shareholders’ equity ........................................ 13,074 12,101
Noncontrolling Interest—Preferred Stock of Subsidiary .................... 252 252
Total equity .................................................. 13,326 12,353
TOTAL LIABILITIES AND EQUITY .................................... $ 52,449 $ 49,750
See accompanying Notes to the Consolidated Financial Statements.
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