01—Abstract
Summary
Summary of the 10-K/A filed February 18, 2015. Cited figures are marked; the original filing is the authoritative source.
This Amendment No. 1 to the Form 10-K of PG&E Corporation and Pacific Gas and Electric Company, for the fiscal year ended December 31, 2014, is filed solely to add Exhibits 12.1, 12.2, and 12.3.
The filing states that these exhibits were inadvertently omitted from the Form 10-K filed with the SEC on February 10, 2015. The amendment makes no other changes to the original Form 10-K and does not update or modify any disclosures in it, and it speaks as of the original filing date. The cover page provides the registrants' key identifying and market data.
PG&E Corporation's common stock had an aggregate market value held by non-affiliates of $22,602 milliona as of June 30, 2014. As of January 27, 2015, PG&E Corporation had 476,399,910 common shares outstanding, and Pacific Gas and Electric Company had 264,374,809 shares outstanding, all wholly owned by PG&E Corporation. Both registrants are classified as non-accelerated filers under the cover page check boxes, and PG&E Corporation is designated a large accelerated filer.
Part III information is incorporated by reference from the Joint Proxy Statement for the 2015 Annual Meetings of Shareholders. For investors, this amendment carries no new financial results, operating data, or management commentary. Its substantive content is the addition of the three omitted exhibits, which the filing identifies only by number, so readers seeking the financial narrative should refer to the original Form 10-K filed February 10, 2015.
02—Key points
Key Highlights
- Amendment No. 1 to the fiscal 2014 annual report, filed solely to add Exhibits 12.1, 12.2, and 12.3 that were inadvertently omitted from the February 10, 2015 Form 10-K.
- No other changes were made to the original Form 10-K, and the amendment does not update or modify its disclosures or reflect later events.
- PG&E Corporation common stock had an aggregate market value held by non-affiliates of $22,602 million as of June 30, 2014.
- PG&E Corporation had 476,399,910 common shares outstanding as of January 27, 2015.
- Pacific Gas and Electric Company had 264,374,809 common shares outstanding as of January 27, 2015, all wholly owned by PG&E Corporation.
- PG&E Corporation is a large accelerated filer, and Pacific Gas and Electric Company is a non-accelerated filer, per the cover page check boxes.
- Part III information (Items 10 through 14) is incorporated by reference from the Joint Proxy Statement for the 2015 Annual Meetings of Shareholders.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2014filed February 18, 2015Financial Statements
FY2014 against FY2013
| Line item | FY2014FY2013 | Change |
|---|---|---|
| Revenue | $17.09B$15.60B | +9.6% |
| Operating Income | $2.45B$1.76B | +39.0% |
| Interest Expense | $734.00M$715.00M | +2.7% |
| Net Income | $1.44B$828.00M | +73.4% |
| EPS (Basic) | $3.07$1.83 | +67.8% |
| EPS (Diluted) | $3.06$1.83 | +67.2% |
| Shares Outstanding (Basic) | 468.00M444.00M | +5.4% |
| Shares Outstanding (Diluted) | 470.00M445.00M | +5.6% |
05—Questions
Frequently Asked Questions
Why was this amendment filed?
The filing states that it was filed to include Exhibits 12.1, 12.2, and 12.3, which were inadvertently omitted from the Form 10-K filed with the SEC on February 10, 2015. No other changes were made.
Does this amendment change any financial results or disclosures in the original 10-K?
No. The filing states that it does not modify or update in any way the disclosures made in the original Form 10-K, and it speaks as of the original filing date rather than reflecting subsequent events.
How many shares were outstanding?
As of January 27, 2015, PG&E Corporation had 476,399,910 shares of common stock outstanding, and Pacific Gas and Electric Company had 264,374,809 shares, all wholly owned by PG&E Corporation.
What was the market value of PG&E Corporation's common stock held by non-affiliates?
The aggregate market value of PG&E Corporation common stock held by non-affiliates was $22,602 million as of June 30, 2014, the last business day of the company's most recently completed second fiscal quarter.
06—Continue