Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 595

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 595
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160)(154)Noncash stock-based compensation— 57 — — 57 — 57 Preference stock issued, net of issuance cost— — — — — 345 345 Preference stock redeemed— — — — — (628)(628)Preferred stock repurchased(28)— — — (28)— (28)Balance at December 31, 2024$1,645 $6,353 $— $7,567 $15,565 $2,175 $17,740 The accompanying notes are an integral part of these consolidated financial statements.

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Consolidated Statements of IncomeSouthern California Edison Company

Years ended December 31,(in millions)202420232022Operating revenue$17,547 $16,275 $17,172 Purchased power and fuel5,209 5,486 6,375 Operation and maintenance5,064 4,071 4,659 Wildfire-related claims, net of insurance recoveries647 665 1,305 Wildfire Insurance Fund expense146 213 214 Depreciation and amortization2,865 2,633 2,559 Property and other taxes620 566 497 Impairment, net of other operating income— 1 50 Total operating expenses14,551 13,635 15,659 Operating income2,996 2,640 1,513 Interest expense(1,575)(1,356)(1,005)Other income, net493 497 337 Income before income taxes1,914 1,781 845 Income tax expense (benefit)120 184 (109)Net income1,794 1,597 954 Less: Preference stock dividend requirements175 123 107 Net income available for common stock$1,619 $1,474 $847 

The accompanying notes are an integral part of these consolidated financial statements.

Consolidated Statements of Comprehensive IncomeSouthern California Edison Company

Years ended December 31,(in millions)202420232022Net income$1,794 $1,597 $954 Other comprehensive income (loss), net of tax:Pension and postretirement benefits other than pensions3 (4)24 Other comprehensive income (loss