Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7B | $17.1B | $16.8B | $17.1B | $18.5B | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| Revenue growth | — | -3.0% | -2.2% | 2.2% | 7.8% | 11.8% | 5.0% | 12.7% | -0.0% | 2.1% |
| Operating income | $2.08B | $2.90B | -$9.70B | -$10.1B | $1.75B | $1.88B | $1.84B | $2.67B | $4.46B | $4.75B |
| Operating margin | 11.8% | 17.0% | -57.9% | -58.9% | 9.5% | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
| Net income | $1.41B | $1.66B | -$6.84B | -$7.64B | -$1.30B | -$88.0M | $1.81B | $2.26B | $2.51B | $2.70B |
| Net margin | 8.0% | 9.7% | -40.8% | -44.6% | -7.1% | -0.4% | 8.4% | 9.2% | 10.3% | 10.8% |
| EPS (diluted) | $2.78 | $3.21 | -$13.25 | -$14.50 | -$1.05 | -$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.41B | $5.98B | $4.75B | $4.82B | -$19.1B | $2.26B | $3.72B | $4.75B | $8.04B | $8.72B |
| Capital expenditures | $5.71B | $5.64B | $6.51B | $6.31B | $7.69B | $7.69B | $9.58B | $9.71B | $10.4B | $11.8B |
| Free cash flow | -$1.30B | $336M | -$1.76B | -$1.50B | -$26.8B | -$5.43B | -$5.86B | -$4.97B | -$2.33B | -$3.07B |
| Dividends paid | $921M | $1.02B | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $86.0M | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $177M | $449M | $1.67B | $1.57B | $484M | $291M | $734M | $635M | $940M | $713M |
| Total assets | $68.6B | $68.0B | $77.0B | $85.2B | $97.9B | $103B | $119B | $126B | $134B | $142B |
| Long-term debt | $16.2B | $17.8B | $22.1B | $0.00 | $37.3B | $38.2B | $47.7B | $51.0B | $53.6B | $57.4B |
| Shareholders' equity | $17.9B | $19.2B | $12.7B | $5.14B | $21.0B | $21.0B | $22.8B | $25.0B | $30.1B | $32.5B |
| Retained earnings | $5.75B | $6.60B | -$250M | -$7.89B | -$9.20B | -$9.28B | -$7.54B | -$5.32B | -$2.97B | -$650M |
| Shares (wtd avg diluted) | 501M | 513M | 517M | 528M | 1.26B | 1.99B | 2.13B | 2.14B | 2.15B | 2.20B |
Every figure is extracted from PG&E Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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