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PG&E (PCG) Cash Flow Waterfall

Trace PG&E's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$8.3B

Capex

-$12.5B

Free Cash Flow

-$4.21B

FCF Margin

-50.7%

Cash flow waterfall for PG&E (PCG) — TTM through Q1 2026

Free cash flow: -$4.21B

Cash flow breakdown for PG&E (PCG) — TTM through Q1 2026

  • Operating Cash Flow$8.3B
  • Capital Expenditure-$12.5B
  • Free Cash Flow-$4.21B
  • Other Investing$154M
  • Dividends Paid-$349M
  • Net Debt Change$3.61B
  • Other Financing & FX-$125M
  • Net Cash Decrease-$916M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology