Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 90

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 90
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483 

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

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Table of Contents

Consolidated Statements of Cash FlowsSouthern California Edison CompanyYears ended December 31,(in millions)202420232022Cash flows from operating activities:Net income$1,794 $1,597 $954 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization2,929 2,710 2,626 Allowance for equity during construction(187)(157)(137)Impairment, net of other operating income— 1 50 Deferred income taxes69 179 (111)Wildfire Insurance Fund amortization expense146 213 214 Other56 33 59 Nuclear decommissioning trusts(174)(180)(123)Contributions to Wildfire Insurance Fund(95)(95)(95)Changes in operating assets and liabilities:Receivables(298)(336)(245)Inventory(14)(63)(58)Accounts payable148 (413)366 Tax receivables and payables(44)4 (1)Other current assets and liabilities(41)220 150 Derivative assets and liabilities, net28 (174)115 Regulatory assets and liabilities, net1,219 576 (51)Wildfire-related insurance receivable78 (39)(398)Wildfire-related claims(397)(410)(56)Other noncurrent assets and liabilities166 15 60 Net cash provided by operating activities5,383 3,681 3,319 Cash flows from financing activities:Long-term debt issued, net of discount and issuance costs of $36, $37 and $51 for the respective years4,214 3,588 5,032 Long-term debt repaid(2,201)(2,098)(385)Short-term debt borrowed— 706 — Short-term debt repaid(386)(1,051)(1,543)Capital contributions from Edison International Parent500 — 1,400 Preference stock issued, net of issuance cost345 542 — Preference stock redeemed(628)— — Commercial paper borrowing (repayments), net94 963 (406)Common stock dividends paid(1,440)(1,400)(1,300)Preference stock dividends paid(168)(117)(110)Other(16)49 36 Net cash provided by financing activities314 1,