Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 3

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization1,568 1,454 Equity allowance for funds used during construction(93)(96)Deferred income taxes 420 (52)Wildfire Insurance Fund amortization expense72 73 Other77 21 Nuclear decommissioning trusts(102)(41)Changes in operating assets and liabilities:Receivables248 (66)Inventory12 (10)Accounts payable50 101 Other current assets and liabilities(247)(444)Derivative assets and liabilities, net44 (25)Regulatory assets and liabilities, net(1,600)(106)Wildfire-related insurance receivable53 — Wildfire-related claims(264)(148)Other noncurrent assets and liabilities(22)150 Net cash provided by operating activities2,106 1,372 Cash flows from financing activities:Long-term debt issued, net of discount and issuance costs of $49 and $34 for the respective periods3,501 4,216 Long-term debt repaid (726)(1,725)Short-term debt issued18 — Short-term debt repaid— (396)Common stock repurchased(29)— Preference stock issued, 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, una