Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 335

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 335
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,567 7,499 Total Edison International's shareholders' equity15,565 15,501 Noncontrolling interests – preference stock of SCE2,175 2,443 Total equity17,740 17,944 Total liabilities and equity$85,579 $81,758 

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

52

Table of Contents

Consolidated Statements of Cash FlowsEdison International

Years ended December 31,(in millions)202420232022Cash flows from operating activities:Net income$1,546 $1,407 $824 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization2,939 2,721 2,633 Allowance for equity during construction(187)(157)(137)Impairment, net of other operating income— 1 49 Deferred income taxes9 108 (177)Wildfire Insurance Fund amortization expense146 213 214 Other81 57 80 Nuclear decommissioning trusts(174)(180)(123)Contributions to Wildfire Insurance Fund(95)(95)(95)Changes in operating assets and liabilities:Receivables(278)(349)(252)Inventory(14)(63)(58)Accounts payable53 (408)367 Tax receivables and payables(43)9 18 Other current assets and liabilities(42)185 207 Derivative assets and liabilities, net28 (174)115 Regulatory assets and liabilities, net1,219 576 (51)Wildfire-related insurance receivable83 (36)(390)Wildfire-related claims(397)(410)(56)Other noncurrent assets and liabilities140 (4)48 Net cash provided by operating activities5,014 3,401 3,216 Cash flows from financing activities:Long-term debt issued, net of discount and issuance costs of $44, $54, and $62 for the respective years5,256 5,121 5,971 Long-term debt repaid(2,701)(2,498)(1,085)Short-term debt issued— 1,076 1,000 Short-term debt repaid(401)(2,407)(1,543)Common stock repurchased(200)— — Preferred and preference stock issued, net of issuance cost345 542 — Preferred and preference stock rep