Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 5

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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Accounts payable2,164 2,078 Wildfire-related claims55 60 Accrued interest412 385 Regulatory liabilities563 1,347 Current portion of operating lease liabilities121 123 Other current liabilities1,440 1,495 Total current liabilities6,959 7,290 Long-term debt (includes $1,468 related to a VIE at respective dates)30,578 29,266 Deferred income taxes and credits9,283 8,697 Pensions and benefits91 92 Asset retirement obligations2,554 2,580 Regulatory liabilities10,430 10,159 Operating lease liabilities1,042 1,051 Wildfire-related claims803 941 Other deferred credits and other long-term liabilities3,472 3,518 Total deferred credits and other liabilities27,675 27,038 Total liabilities65,212 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 capital8,936 8,950 Accumulated other comprehensive loss(9)(9)Retained earnings9,560 8,422 Total equity22,875 21,751 Total liabilities and equity$88,087 $85,345 

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

25

Condensed Consolidated Statements of Cash FlowsSouthern California Edison Company

Three Months Ended March 31,(in millions, unaudited)20252024Cash flows from operating activities:Net income$1,601 $106 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization741 707 Equity allowance for funds used during construction(46)(47)Impairment8 — Deferred income taxes460 (85)Wildfire Insurance Fund amortization expense36 36 Other19 8 Nuclear decommissioning trusts(34)(20)Changes in operating assets and liabilities:Receivables265 69 Inventory(1)5 Accounts payable(1)(7)Tax receivables and payables17 (2)Other current assets and liabilities(269)(334)Derivative assets and liabilities, net33 (17