Pg&E (PCG) FY2024 results: revenue $24.4 billion, unchanged on the year
Pg&E Corp. (PCG) reported revenue of $24.4 billion for fiscal 2024, the year ended 31 December 2024, unchanged on the year before. Net income was $2.5 billion, up 10.4%, and diluted earnings per share $1.15. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$24.4 billion
-0.0% on the year
FY2017FY2024
Operating margin
18.3%
10.9% a year earlier
FY2017FY2024
Net income
$2.5 billion
+10.4% on the year
FY2017FY2024
Diluted EPS
$1.15
+9.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,035
4,747
3,721
+69.3%
Capital expenditure
10,369
9,714
9,584
+6.7%
Free cash flow
-2,334
-4,967
-5,863
Free cash flow margin
-9.6%
-20.3%
-27.0%
Cash from investing
-11,375
-9,162
-10,214
Cash from financing
3,621
4,400
7,133
-17.7%
Share-based compensation
98.0
91.0
115
+7.7%
Dividends paid
86.0
0.0
0.0
Diluted shares, weighted
2,147m
2,138m
2,132m
+0.4%
Shares outstanding at period end
2,194m
2,134m
1,988m
+2.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
30,149
25,040
22,823
+20.4%
Non-controlling interest
252
252
252
0.0%
Short-term borrowings
n/a
3,971
2,055
Debt
57,238
50,975
47,742
+12.3%
Operating lease liabilities
439
518
1,243
-15.3%
Finance lease liabilities
4.0
554
0.0
-99.3%
Other liabilities
45,578
44,388
44,529
+2.7%
Total liabilities and equity
133,660
125,698
118,644
+6.3%
Cash and equivalents
940
635
734
+48.0%
Receivables
2,220
2,048
2,645
+8.4%
Inventory
52.0
65.0
91.0
-20.0%
Other assets
130,448
122,950
115,174
+6.1%
Total assets
133,660
125,698
118,644
+6.3%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.