EDISON INTERNATIONAL

EIX 10-K · FY 2025

EIX FY 2025 request

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Income Statement

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

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

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.

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