Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 90

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 90
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$88,644 $85,345 

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

28

Condensed Consolidated Balance SheetsSouthern California Edison Company

(in millions, except share amounts, unaudited)June 30,2025December 31,2024LIABILITIES AND EQUITYShort-term debt$455 $553 Current portion of long-term debt2,299 1,249 Accounts payable1,970 2,078 Wildfire-related claims169 60 Accrued interest473 385 Regulatory liabilities490 1,347 Current portion of operating lease liabilities118 123 Other current liabilities1,869 1,495 Total current liabilities7,843 7,290 Long-term debt (includes $1,444 and $1,468 related to a VIE at respective dates)30,159 29,266 Deferred income taxes and credits9,451 8,697 Pensions and benefits85 92 Asset retirement obligations2,549 2,580 Regulatory liabilities11,066 10,159 Operating lease liabilities1,032 1,051 Wildfire-related claims568 941 Other deferred credits and other long-term liabilities3,496 3,518 Total deferred credits and other liabilities28,247 27,038 Total liabilities66,249 63,594 Commitments and contingencies (Note 12)Preference stock2,220 2,220 Common stock, no par value (560,000,000 shares authorized; 434,888,104 shares issued and outstanding at respective dates)2,168 2,168 Additional paid-in capital8,943 8,950 Accumulated other comprehensive loss(8)(9)Retained earnings9,072 8,422 Total equity22,395 21,751 Total liabilities and equity$88,644 $85,345 

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

29

Condensed Consolidated Statements of Cash FlowsSouthern California Edison Company

Six months ended June 30,(in millions, unaudited)20252024Cash flows from operating activities:Net income$2,077 $678 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization1,566 1,451 Equity allowance for funds used during construction(93)(96)Deferred income taxes