PG&E 2012 Annual Report Download - page 66
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Pacific Gas and Electric Company
CONSOLIDATED BALANCE SHEETS
(in millions, except share amounts)
Balance at December 31,
2012 2011
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings ............................................. $ 372 $ 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 ........................................................ 419 417
Interest payable .................................................. 865 838
Income taxes payable .............................................. 12 118
Deferred income taxes ............................................. — 199
Other .......................................................... 1,794 1,628
Total current liabilities ........................................... 5,894 7,544
Noncurrent Liabilities
Long-term debt .................................................. 12,167 11,417
Regulatory liabilities ............................................... 5,088 4,733
Pension and other postretirement benefits ............................... 3,497 3,325
Asset retirement obligations ......................................... 2,919 1,609
Deferred income taxes ............................................. 6,939 6,160
Other .......................................................... 1,959 2,070
Total noncurrent liabilities ......................................... 32,569 29,314
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, 2012 and 2011 ............................ 1,322 1,322
Additional paid-in capital ........................................... 4,682 3,796
Reinvested earnings ............................................... 7,291 7,210
Accumulated other comprehensive loss ................................. (93) (202)
Total shareholders’ equity ......................................... 13,460 12,384
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ...................... $ 51,923 $ 49,242
See accompanying Notes to the Consolidated Financial Statements.
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