Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 88

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 88
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 net of issuance cost— 345 Preferred stock repurchased— (378)Commercial paper (repayments) borrowing, net(1,012)114 Dividends and distribution to noncontrolling interests(67)(88)Common stock dividends paid(637)(595)Preferred stock dividends paid(44)(45)Other(13)117 Net cash provided by financing activities991 1,565 Cash flows from investing activities:Capital expenditures(3,120)(2,700)Proceeds from sale of nuclear decommissioning trust investments2,680 2,477 Purchases of nuclear decommissioning trust investments(2,580)(2,455)Other18 8 Net cash used in investing activities(3,002)(2,670)Net increase in cash, cash equivalents and restricted cash95 267 Cash, cash equivalents and restricted cash at beginning of period684 532 Cash, cash equivalents and restricted cash at end of period$779 $799 

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

26

Condensed Consolidated Statements of IncomeSouthern California Edison Company

Three months endedJune 30,Six months endedJune 30,(in millions, unaudited)2025202420252024Operating revenue$4,532 $4,324 $8,334 $8,388 Purchased power and fuel1,157 1,234 2,204 2,242 Operation and maintenance1,553 1,258 2,515 2,549 Wildfire-related claims, net of (recoveries)— — (1,355)614 Wildfire Insurance Fund expense36 37 72 73 Depreciation and amortization825 725 1,566 1,426 Property and other taxes167 154 332 307 Other— — 8 — Total operating expenses3,738 3,408 5,342 7,211 Operating income794 916 2,992 1,177 Interest expense(421)(408)(641)(782)Other income, net117 147 228 282 Income before income taxes490 655 2,579 677 Income tax expense (benefit)14 83 502 (1)Net income476 572 2,077 678 Less: Preference stock dividend requirements33 49 67 90 Net income available to