Pg&E (PCG) FY2021 results: revenue $20.6 billion, up 11.8% on the year
Pg&E Corp. (PCG) reported revenue of $20.6 billion for fiscal 2021, the year ended 31 December 2021, up 11.8% on the year before. Net income was -$102 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$20.6 billion
+11.8% on the year
FY2014FY2021
Operating margin
9.1%
9.5% a year earlier
FY2014FY2021
Net income
-$102 million
FY2014FY2021
Diluted EPS
-$0.05
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,262
-19,130
4,816
Capital expenditure
7,689
7,690
6,313
-0.0%
Free cash flow
-5,427
-26,820
-1,497
Free cash flow margin
-26.3%
-145.2%
-8.7%
Cash from investing
-6,905
-7,748
-6,378
Cash from financing
4,323
25,928
1,464
-83.3%
Share-based compensation
56.0
35.0
50.0
+60.0%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
1,985m
1,257m
528m
+57.9%
Shares outstanding at period end
1,985m
1,985m
529m
+0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
20,971
21,001
5,136
-0.1%
Non-controlling interest
252
252
252
0.0%
Short-term borrowings
2,184
n/a
n/a
Debt
42,706
40,863
1,500
+4.5%
Operating lease liabilities
810
1,208
1,730
-32.9%
Other liabilities
36,404
34,532
76,578
+5.4%
Total liabilities and equity
103,327
97,856
85,196
+5.6%
Fixed assets
n/a
66,136
61,635
Securities held for sale or to maturity
4,581
4,209
3,703
+8.8%
Cash and equivalents
291
484
1,570
-39.9%
Receivables
2,345
1,883
1,287
+24.5%
Inventory
44.0
95.0
97.0
-53.7%
Other assets
96,066
25,049
16,904
+283.5%
Total assets
103,327
97,856
85,196
+5.6%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.