EDISON INTERNATIONAL
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 19,317 | 17,599 | +9.8% |
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| SCE | 19,276 | 17,547 | +9.9% |
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| Parent Company | 3 | 3 | 0.0% |
| Utilities Operating Expense Purchased Powerand Fuel | 4,933 | 5,209 | -5.3% |
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| SCE | 4,933 | 5,209 | -5.3% |
| Utilities Operating Expense Maintenance And Operations | 5,098 | 5,172 | -1.4% |
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| SCE | 4,999 | 5,064 | -1.3% |
| Loss From Catastrophes Net Of Insurance Recoveries | -1,959 | 652 | -400.5% |
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| SCE | -2,009 | 647 | -410.5% |
| Wildfire Fund Expense | 144 | 146 | -1.4% |
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| SCE | 144 | 146 | -1.4% |
| Depreciation Decommissioning And Amortization | 3,237 | 2,866 | +12.9% |
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| SCE | 3,233 | 2,865 | +12.8% |
| Property And Other Taxes | 665 | 624 | +6.6% |
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| SCE | 662 | 620 | +6.8% |
| Asset Impairment Charges | 106 | — | — |
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| SCE | 106 | — | — |
| SCE · TKM Settlement Agreement | 18 | — | — |
| SCE · Woolsey Settlement Agreement | 18 | — | — |
| Total Costs & Expenses | 12,224 | 14,669 | -16.7% |
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| SCE | 12,068 | 14,551 | -17.1% |
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| Parent Company | 389 | 342 | +13.7% |
| Operating Income | 7,093 | 2,930 | +142.1% |
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| SCE | 7,208 | 2,996 | +140.6% |
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| Parent Company | -386 | -339 | -13.9% |
| Interest Expense | -1,539 | -1,869 | +17.7% |
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| SCE | -1,207 | -1,575 | +23.4% |
| Non-Operating Income (Expense) | 438 | 502 | -12.7% |
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| SCE | 447 | 493 | -9.3% |
| Income Before Taxes | 5,992 | 1,563 | +283.4% |
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| SCE | 6,448 | 1,914 | +236.9% |
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| Parent Company | 4,449 | 1,271 | +250.0% |
| Income Tax Expense (Benefit) | 1,291 | 17 | +7494.1% |
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| SCE | 1,415 | 120 | +1079.2% |
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| Parent Company | -108 | -100 | -8.0% |
| Net Income | 4,459 | 1,284 | +247.3% |
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| SCE | 5,033 | 1,794 | +180.5% |
| Preferred Stock Dividends Income Statement Impact (FY) | — | — | — |
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| SCE | 144 | 175 | -17.7% |
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| Parent Company | 98 | 87 | +12.6% |
| Net Income Loss Available To Common Stockholders Basic | 4,457 | 1,284 | +247.1% |
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| SCE | 4,889 | 1,619 | +202.0% |
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| Parent Company | 4,459 | 1,284 | +247.3% |
| Net Income | 4,701 | 1,546 | +204.1% |
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| Retained Earnings · SCE | 5,033 | 1,794 | +180.5% |
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| SCE | 5,033 | 1,794 | +180.5% |
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| Parent Company | 4,557 | 1,371 | +232.4% |
| Preferred Stock Dividends Income Statement Impact Attributable To Noncontrolling Interest | 144 | 175 | -17.7% |
| Preferred Stock Dividends Income Statement Impact Attributable To Parent | 98 | 87 | +12.6% |
| Wtd Avg Shares (Basic) | 385 | 386 | -0.3% |
| EPS (Basic) | 11.58 | 3.33 | +247.7% |
| Wtd Avg Shares (Diluted) | 386 | 388 | -0.5% |
| EPS (Diluted) | 11.55 | 3.31 | +248.9% |
| Selling, General & Administrative (FY) | — | — | — |
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| Parent Company · Related Party | 2 | 2 | 0.0% |
| Other Non-Operating Income (Expense) (FY) | — | — | — |
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| Edison International Parent: | 3 | 9 | -66.7% |
| SCE | -10 | -14 | +28.6% |
| Comprehensive Income | 4,563 | 1,380 | +230.7% |
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| Parent Company | 4,563 | 1,380 | +230.7% |
| Operating Lease Lease Income (FY) | — | — | — |
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| SCE | 17 | 18 | -5.6% |
| Revenue From Contract With Customer Including Assessed Tax (FY) | — | — | — |
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| SCE | 18,012 | 18,395 | -2.1% |
| SCE · Commercial | 8,215 | 8,000 | +2.7% |
| SCE · Other | 3,024 | 3,335 | -9.3% |
| SCE · Residential | 6,773 | 7,060 | -4.1% |
| Income Loss From Equity Method Investments (FY) | — | — | — |
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| Parent Company | 4,835 | 1,610 | +200.3% |
| Interest Expense (FY) | — | — | — |
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| Parent Company · Related Party | 2 | 2 | 0.0% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 158 | 193 | -18.1% |
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| SCE | 98 | 78 | +25.6% |
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| Parent Company | 1 | 4 | -75.0% |
| Accounts Receivable | 1,463 | 2,169 | -32.5% |
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| SCE | 1,455 | 2,160 | -32.6% |
| Unbilled Receivables Current | 1,238 | 848 | +46.0% |
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| SCE | 1,236 | 845 | +46.3% |
| Inventory | 535 | 538 | -0.6% |
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| SCE | 535 | 538 | -0.6% |
| Prepaid Expense Current | 119 | 103 | +15.5% |
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| SCE | 118 | 102 | +15.7% |
| Regulatory Assets Current | 3,290 | 2,748 | +19.7% |
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| SCE | 3,290 | 2,748 | +19.7% |
| SCE · Other Regulatory Assets Liabilities | 44 | 25 | +76.0% |
| SCE · Regulatory Clause Revenues Under Recovered | 3,246 | 2,723 | +19.2% |
| Wildfire Fund Contributions Current | 138 | 138 | 0.0% |
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| SCE | 138 | 138 | 0.0% |
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| Wildfire Insurance Fund | 138 | 138 | 0.0% |
| Other Assets Current | 745 | 418 | +78.2% |
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| SCE | 743 | 415 | +79.0% |
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| Parent Company | 567 | 606 | -6.4% |
| SCE Recovery Funding LLC | 49 | 49 | 0.0% |
| Total Current Assets | 7,686 | 7,155 | +7.4% |
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| SCE | 7,613 | 7,024 | +8.4% |
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| Parent Company | 568 | 610 | -6.9% |
| Non-Current Assets | |||
| Long Term Investments | 4,586 | 4,343 | +5.6% |
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| SCE | 4,575 | 4,324 | +5.8% |
| Property, Plant & Equipment | 63,328 | 59,254 | +6.9% |
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| SCE | 63,319 | 59,246 | +6.9% |
| Accounts Receivable Net Noncurrent | 38 | 62 | -38.7% |
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| SCE | 38 | 62 | -38.7% |
| Regulatory Assets Noncurrent | 12,960 | 8,886 | +45.8% |
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| SCE | 12,960 | 8,886 | +45.8% |
| SCE · Deferred Income Tax Charges | 6,427 | 5,982 | +7.4% |
| SCE · Environmental Restoration Costs | 213 | 222 | -4.1% |
| SCE · Loss On Reacquired Debt | 79 | 88 | -10.2% |
| SCE · Other Regulatory Assets Liabilities | 180 | 100 | +80.0% |
| SCE · Recovery assets | 3,092 | 1,512 | +104.5% |
| SCE · Regulatory Clause Revenues Under Recovered | 2,843 | 867 | +227.9% |
| SCE · SCE Recovery Funding LLC | 3,092 | 1,512 | +104.5% |
| SCE · Unamortized investments, net of accumulated amortization | 126 | 115 | +9.6% |
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| SCE Recovery Funding LLC | 3,092 | 1,512 | +104.5% |
| Wildfire Fund Contributions Noncurrent | 1,740 | 1,878 | -7.3% |
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| SCE | 1,740 | 1,878 | -7.3% |
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| Wildfire Insurance Fund | 1.7 | 1.9 | -10.5% |
| Operating Lease Right-of-Use Assets | 1,161 | 1,180 | -1.6% |
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| SCE | 1,155 | 1,174 | -1.6% |
| Insurance Settlements Receivable Noncurrent | 359 | 418 | -14.1% |
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| SCE · Affiliated Entity | 226 | 303 | -25.4% |
| SCE · Nonrelated Party | 145 | 131 | +10.7% |
| SCE · Wildfire liability insurance | 226 | 303 | -25.4% |
| Other Non-Current Assets | 2,168 | 2,403 | -9.8% |
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| SCE | 2,074 | 2,317 | -10.5% |
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| Parent Company | 98 | 67 | +46.3% |
| Other Assets Miscellaneous Noncurrent | 18,426 | 14,827 | +24.3% |
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| SCE | 18,338 | 14,751 | +24.3% |
| Total Assets | 94,026 | 85,579 | +9.9% |
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| SCE | 93,845 | 85,345 | +10.0% |
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| Parent Company | 24,776 | 22,067 | +12.3% |
| Deferred Tax Assets (Q) | — | — | — |
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| Parent Company | 834 | 760 | +9.7% |
| Other Assets | |||
| Decommissioning Trust Assets Amount | 4,535 | 4,286 | +5.8% |
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| SCE | 4,535 | 4,286 | +5.8% |
| SCE · Corporate Bond Securities | 380 | 392 | -3.1% |
| SCE · Equity Securities | 1,909 | 1,631 | +17.0% |
| SCE · Municipal Bonds | 899 | 860 | +4.5% |
| SCE · Repurchase Agreements | 27 | 18 | +50.0% |
| SCE · Short-term investments and receivables/payables | -20 | 62 | -132.3% |
| SCE · Total debt securities and other | 2,626 | 2,655 | -1.1% |
| SCE · US Treasury And Government | 1,367 | 1,341 | +1.9% |
| Other Long Term Investments | 51 | 57 | -10.5% |
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| SCE | 40 | 38 | +5.3% |
| Public Utilities Property Plant And Equipment Net | 63,131 | 59,047 | +6.9% |
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| SCE | 63,131 | 59,047 | +6.9% |
| Property Plant And Equipment Other Net | 197 | 207 | -4.8% |
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| SCE | 188 | 199 | -5.5% |
| Current Liabilities | |||
| Current Portion of Long-Term Debt | 1,928 | 2,049 | -5.9% |
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| SCE | 1,928 | 1,249 | +54.4% |
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| SCE Recovery Funding LLC | 78 | 49 | +59.2% |
| Accounts Payable | 2,344 | 2,000 | +17.2% |
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| SCE | 2,353 | 2,078 | +13.2% |
| Loss Contingency Accrual Carrying Value Current | 585 | 60 | +875.0% |
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| SCE | 585 | 60 | +875.0% |
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| SED Settlement · 2017/2018 Wildfire/Mudslide Events | 25 | 19 | +31.6% |
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| Settled Litigation · 2017/2018 Wildfire/Mudslide Events | 6 | 29 | -79.3% |
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| 2017/2018 Wildfire/Mudslide Events | 31 | — | — |
| Eaton Fire | 550 | — | — |
| Other Wildfire Events | 4 | — | — |
| Accrued Liabilities | 473 | 422 | +12.1% |
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| SCE | 432 | 385 | +12.2% |
| Regulatory Liability Current | 1,158 | 1,347 | -14.0% |
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| SCE | 1,158 | 1,347 | -14.0% |
| SCE · Other Regulatory Assets Liabilities | 19 | 38 | -50.0% |
| SCE · Revenue Subject To Refund | 1,139 | 1,144 | -0.4% |
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| SCE Recovery Funding LLC | 12 | 30 | -60.0% |
| Operating Lease Liability Current | 120 | 124 | -3.2% |
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| SCE | 118 | 123 | -4.1% |
| Other Liabilities Current | 1,538 | 1,439 | +6.9% |
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| SCE | 1,599 | 1,495 | +7.0% |
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| Parent Company | 676 | 639 | +5.8% |
| Parent Company · Related Party | 229 | 186 | +23.1% |
| SCE Recovery Funding LLC | 14 | 6 | +133.3% |
| Total Current Liabilities | 10,536 | 8,439 | +24.8% |
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| SCE | 9,209 | 7,290 | +26.3% |
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| Parent Company | 2,030 | 1,884 | +7.7% |
| Deferred Revenue (Current) (Q) | — | — | — |
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| SCE · West of Devers | 13 | — | — |
| Non-Current Liabilities | |||
| Long-Term Debt | 36,070 | 33,534 | +7.6% |
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| Edison International Parent: | 4,815 | 4,268 | +12.8% |
| SCE | 31,255 | 29,266 | +6.8% |
| SCE · SCE Recovery Funding LLC | 3,022 | 1,468 | +105.9% |
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| Parent Company | 4,815 | 4,268 | +12.8% |
| SCE Recovery Funding LLC | 3,022 | 1,468 | +105.9% |
| Deferred Tax Liabilities | 9,114 | 7,180 | +26.9% |
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| SCE | 10,712 | 8,697 | +23.2% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 370 | 384 | -3.6% |
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| Other Postretirement Benefit Plans Defined Benefit | 4 | 3 | +33.3% |
| Pension Plans Defined Benefit | 164 | 167 | -1.8% |
| Pension Plans Defined Benefit · SCE | 9 | 9 | 0.0% |
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| SCE | 87 | 92 | -5.4% |
| Asset Retirement Obligations Noncurrent | 2,583 | 2,580 | +0.1% |
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| SCE | 2,583 | 2,580 | +0.1% |
| SCE · Palo Verde and San Onofre Units | 2 | — | — |
| Regulatory Liability Noncurrent | 10,627 | 10,159 | +4.6% |
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| SCE | 10,627 | 10,159 | +4.6% |
| SCE · Asset Retirement Obligation Costs | 2,057 | 1,748 | +17.7% |
| SCE · Costs of removal | 2,737 | 2,520 | +8.6% |
| SCE · Deferred Income Tax Charges | 2,126 | 2,163 | -1.7% |
| SCE · Other Regulatory Assets Liabilities | 36 | 15 | +140.0% |
| SCE · Pension And Other Postretirement Plans Costs | 1,829 | 1,690 | +8.2% |
| SCE · Revenue Subject To Refund | 1,842 | 2,023 | -8.9% |
| Operating Lease Liabilities | 1,041 | 1,056 | -1.4% |
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| SCE | 1,037 | 1,051 | -1.3% |
| Loss Contingency Accrual Carrying Value Noncurrent | 721 | 941 | -23.4% |
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| SCE | 721 | 941 | -23.4% |
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| SED Settlement · 2017/2018 Wildfire/Mudslide Events | 17 | — | — |
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| 2017/2018 Wildfire/Mudslide Events | 161 | 38 | +323.7% |
| Eaton Fire | 347 | — | — |
| Other Wildfire Events | 213 | — | — |
| Other Non-Current Liabilities | 3,705 | 3,566 | +3.9% |
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| Pension Plans Defined Benefit · SCE | 89 | 88 | +1.1% |
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| SCE | 3,684 | 3,518 | +4.7% |
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| Parent Company | 352 | 350 | +0.6% |
| Parent Company · Related Party | 113 | 98 | +15.3% |
| Liabilities Other Than Longterm Debt Noncurrent | 28,161 | 25,866 | +8.9% |
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| SCE | 29,451 | 27,038 | +8.9% |
| Total Liabilities | 74,767 | 67,839 | +10.2% |
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| SCE | 69,915 | 63,594 | +9.9% |
| Long-Term Debt | 37,998 | 35,583 | +6.8% |
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| SCE | 33,183 | 30,515 | +8.7% |
| Contract With Customer Liability Noncurrent (Q) | — | — | — |
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| SCE · West of Devers | 328 | — | — |
| Other Liabilities | |||
| Short Term Borrowings | 2,390 | 998 | +139.5% |
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| SCE | 1,036 | 553 | +87.3% |
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| Parent Company | 1,354 | 445 | +204.3% |
| Preferred Stock Value Outstanding | 497 | 1,645 | -69.8% |
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| SCE | 1,714 | 2,220 | -22.8% |
| SCE · 5.00% Series L | 475 | 475 | 0.0% |
| SCE · 5.45% Series K | 119 | 300 | -60.3% |
| SCE · 6.95% Series N | 350 | 350 | 0.0% |
| SCE · 7.50% Series M | 550 | 550 | 0.0% |
| SCE · Preferred Stock | 1,714 | 2,220 | -22.8% |
| SCE · Series G Preferred Stock | 220 | 220 | 0.0% |
| Minority Interest Amount Represented By Preferred Stock | 1,680 | 2,175 | -22.8% |
| Stockholders' Equity | |||
| Common Stocks Including Additional Paid In Capital | 6,362 | 6,353 | +0.1% |
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| SCE | 2,168 | 2,168 | 0.0% |
| Additional Paid-In Capital (Q) | — | — | — |
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| SCE | 8,970 | 8,950 | +0.2% |
| Accumulated Other Comprehensive Income | 6 | — | — |
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| SCE | -12 | -9 | -33.3% |
| Retained Earnings | 10,714 | 7,567 | +41.6% |
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| SCE | 11,090 | 8,422 | +31.7% |
| Total Stockholders' Equity | 17,579 | 15,565 | +12.9% |
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| SCE | 23,930 | 21,751 | +10.0% |
| Total Liabilities & Equity | 94,026 | 85,579 | +9.9% |
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| SCE | 93,845 | 85,345 | +10.0% |
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| Parent Company | 24,776 | 22,067 | +12.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 19,259 | 17,740 | +8.6% |
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| Accumulated Other Comprehensive Income | 6 | — | — |
| Accumulated Other Comprehensive Income · SCE | -12 | -9 | -33.3% |
| Additional Paid In Capital · SCE | 8,970 | 8,950 | +0.2% |
| Common Stock | 6,362 | 6,353 | +0.1% |
| Common Stock · SCE | 2,168 | 2,168 | 0.0% |
| Noncontrolling Interest | 1,680 | 2,175 | -22.8% |
| Parent | 17,579 | 15,565 | +12.9% |
| Preferred Stock | 497 | 1,645 | -69.8% |
| Preferred Stock · SCE | 1,714 | 2,220 | -22.8% |
| Retained Earnings | 10,714 | 7,567 | +41.6% |
| Retained Earnings · SCE | 11,090 | 8,422 | +31.7% |
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| SCE | 23,930 | 21,751 | +10.0% |
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| Parent Company | 17,579 | 15,565 | +12.9% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 3,237 | 2,866 | +12.9% |
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| SCE | 3,233 | 2,865 | +12.8% |
| Public Utilities Allowance For Funds Used During Construction Additions | -189 | -187 | -1.1% |
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| SCE | -189 | -187 | -1.1% |
| Deferred Income Taxes And Tax Credits | 1,208 | 9 | +13322.2% |
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| SCE | 1,288 | 69 | +1766.7% |
| Wildfire Fund Amortization Expense | 144 | 146 | -1.4% |
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| SCE | 144 | 146 | -1.4% |
| Other Non-Cash Items | 176 | 154 | +14.3% |
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| SCE | 125 | 120 | +4.2% |
| Gain Loss On Sale Of Other Assets | -123 | -174 | +29.3% |
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| SCE | -123 | -174 | +29.3% |
| Wildfire Fund Contributions | -95 | -95 | 0.0% |
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| SCE | -95 | -95 | 0.0% |
| Increase Decrease In Receivables | 662 | -278 | +338.1% |
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| SCE | 661 | -298 | +321.8% |
| Change in Inventory | -4 | -14 | +71.4% |
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| SCE | -4 | -14 | +71.4% |
| Change in Accounts Payable | 78 | 53 | +47.2% |
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| SCE | 9 | 148 | -93.9% |
| Increase Decrease In Other Current Assets And Liabilities Net | -253 | -85 | -197.6% |
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| SCE | -231 | -85 | -171.8% |
| Increase Decrease In Derivative Assets And Liabilities | -11 | 28 | -139.3% |
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| SCE | -11 | 28 | -139.3% |
| Increase Decrease In Regulatory Assets And Liabilities | -3,445 | 1,219 | -382.6% |
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| SCE | -3,445 | 1,219 | -382.6% |
| Increase Decrease In Loss Contingency Accrual | -610 | -314 | -94.3% |
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| SCE | -607 | -319 | -90.3% |
| Increase Decrease In Other Noncurrent Assets And Liabilities Net | 218 | 140 | +55.7% |
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| SCE | 258 | 166 | +55.4% |
| Net Cash from Operations | 5,800 | 5,014 | +15.7% |
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| SCE | 6,152 | 5,383 | +14.3% |
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| Parent Company | 1,930 | 1,097 | +75.9% |
| Deferred Income Taxes | 1,233 | 9 | +13600.0% |
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| SCE | 1,313 | 69 | +1802.9% |
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| Capistrano Wind | 106 | 107 | -0.9% |
| Investing Activities | |||
| Capital Expenditures | -6,515 | -5,707 | -14.2% |
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| SCE | -6,512 | -5,703 | -14.2% |
| Proceeds From Decommissioning Fund | 6,219 | 5,019 | +23.9% |
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| SCE | 6,219 | 5,019 | +23.9% |
| Payments To Invest In Decommissioning Fund | -6,098 | -4,898 | -24.5% |
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| SCE | -6,098 | -4,898 | -24.5% |
| Other Investing Activities | 59 | 50 | +18.0% |
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| SCE | 62 | 52 | +19.2% |
| Net Cash from Investing | -6,335 | -5,536 | -14.4% |
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| SCE | -6,329 | -5,530 | -14.4% |
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| Parent Company | -16 | -515 | +96.9% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 5,133 | 5,256 | -2.3% |
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| SCE | 4,593 | 4,214 | +9.0% |
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| Parent Company | 544 | 1,049 | -48.1% |
| Repayments Of Long Term Debt | -2,052 | -2,701 | +24.0% |
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| SCE | -1,252 | -2,201 | +43.1% |
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| Parent Company | -800 | -500 | -60.0% |
| Proceeds From Short Term Debt | 1,260 | — | — |
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| SCE | 410 | — | — |
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| Parent Company | 850 | — | — |
| Repayments Of Short Term Debt | -230 | -401 | +42.6% |
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| SCE | -129 | -386 | +66.6% |
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| Parent Company | -101 | -15 | -573.3% |
| Payments For Repurchase Of Preferred Stock And Preference Stock | -1,664 | -656 | -153.7% |
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| SCE | -504 | -628 | +19.7% |
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| Parent Company | -1,160 | -28 | -4042.9% |
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| Series K Preferred Stock | -181 | — | — |
| Proceeds From Repayments Of Commercial Paper | -346 | 308 | -212.3% |
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| SCE | -504 | 94 | -636.2% |
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| Parent Company | 158 | 214 | -26.2% |
| Payments Of Dividends Common Stock | -1,274 | -1,198 | -6.3% |
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| SCE | -2,220 | -1,440 | -54.2% |
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| Parent Company | -1,274 | -1,198 | -6.3% |
| Payments Of Dividends Preferred Stock And Preference Stock | -104 | -88 | -18.2% |
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| SCE | -136 | -168 | +19.0% |
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| Parent Company | -104 | -88 | -18.2% |
| Proceeds From Payments For Other Financing Activities | 16 | 177 | -91.0% |
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| SCE | 11 | -16 | +168.8% |
| Net Cash from Financing | 571 | 674 | -15.3% |
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| SCE | 269 | 314 | -14.3% |
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| Parent Company | -1,917 | -579 | -231.1% |
| Share Repurchases | -32 | -200 | +84.0% |
| Payments Of Dividends Minority Interest | -136 | -168 | +19.0% |
| Tax Withholding for Share Compensation (FY) | — | — | — |
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| Parent Company | -21 | -24 | +12.5% |
| Debt Issuance Costs (FY) | — | — | — |
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| Parent Company | -4 | -7 | +42.9% |
| Amortization of Financing Costs | 36 | 41 | -12.2% |
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| SCE | 28 | 34 | -17.6% |
| Supplemental | |||
| Interest Paid | 1,716 | 1,588 | +8.1% |
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| SCE | 1,399 | 1,306 | +7.1% |
| Unpaid Capital Expenditures (FY) | — | — | — |
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| SCE | 918 | 644 | +42.5% |
| Other Cash Flow | |||
| Net Change in Cash | 36 | 152 | -76.3% |
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| SCE | 92 | 167 | -44.9% |
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| Parent Company | -3 | 3 | -200.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 720 | 684 | +5.3% |
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| SCE | 657 | 565 | +16.3% |
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| Parent Company | 1 | 4 | -75.0% |
Values in millions USD. Source: SEC EDGAR 10-K filing.