Pg&E (PCG) FY2022 results: revenue $21.7 billion, up 5.0% on the year
Pg&E Corp. (PCG) reported revenue of $21.7 billion for fiscal 2022, the year ended 31 December 2022, up 5.0% on the year before. Net income was $1.8 billion, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$21.7 billion
+5.0% on the year
FY2015FY2022
Operating margin
8.5%
9.1% a year earlier
FY2015FY2022
Net income
$1.8 billion
FY2015FY2022
Diluted EPS
$0.84
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,721
2,262
-19,130
+64.5%
Capital expenditure
9,584
7,689
7,690
+24.6%
Free cash flow
-5,863
-5,427
-26,820
Free cash flow margin
-27.0%
-26.3%
-145.2%
Cash from investing
-10,214
-6,905
-7,748
Cash from financing
7,133
4,323
25,928
+65.0%
Share-based compensation
115
56.0
35.0
+105.4%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
2,132m
1,985m
1,257m
+7.4%
Shares outstanding at period end
1,988m
1,985m
1,985m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
22,823
20,971
21,001
+8.8%
Non-controlling interest
252
252
252
0.0%
Short-term borrowings
2,055
2,184
n/a
-5.9%
Debt
47,742
42,706
40,863
+11.8%
Operating lease liabilities
1,243
810
1,208
+53.5%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
44,529
36,404
34,532
+22.3%
Total liabilities and equity
118,644
103,327
97,856
+14.8%
Fixed assets
n/a
n/a
66,136
Securities held for sale or to maturity
n/a
4,581
4,209
Cash and equivalents
734
291
484
+152.2%
Receivables
2,645
2,345
1,883
+12.8%
Inventory
91.0
44.0
95.0
+106.8%
Other assets
115,174
96,066
25,049
+19.9%
Total assets
118,644
103,327
97,856
+14.8%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.