Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 212

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 212
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Less: Preference stock dividend requirements175 123 107 Net income available for common stock$1,619 $1,474 $847 

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

Consolidated Statements of Comprehensive IncomeSouthern California Edison Company

Years ended December 31,(in millions)202420232022Net income$1,794 $1,597 $954 Other comprehensive income (loss), net of tax:Pension and postretirement benefits other than pensions3 (4)24 Other comprehensive income (loss), net of tax3 (4)24 Comprehensive income$1,797 $1,593 $978 

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

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Table of Contents

Consolidated Balance SheetsSouthern California Edison Company

December 31,(in millions)20242023ASSETSCash and cash equivalents$78 $214 Receivables, less allowances of $347 and $360 for uncollectible accounts at respective dates2,160 1,981 Accrued unbilled revenue845 741 Inventory538 527 Prepaid expenses102 111 Regulatory assets2,748 2,524 Wildfire Insurance Fund contributions138 204 Other current assets415 331 Total current assets7,024 6,633 Nuclear decommissioning trusts4,286 4,173 Other investments38 38 Total investments4,324 4,211 Utility property, plant and equipment, less accumulated depreciation and amortization of $14,207 and $12,910 at respective dates59,047 55,877 Nonutility property, plant and equipment, less accumulated depreciation of $108 and $100 at respective dates199 201 Total property, plant and equipment59,246 56,078 Receivables, less allowances of $43 and $4 for uncollectible accounts at respective dates62 4 Regulatory assets (include $1,512 and $1,558 related to a VIE at respective dates)8,886 8,897 Wildfire Insurance Fund contributions1,878 1,951 Operating lease right-of-use assets1,174 1,214 Long-term insurance receivables131 157 Long-term insurance receivables due from affiliate303 355 Other long-term assets2,317 1,983 Total other assets14,751