Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 87

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 87
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)— — 16 (289)— (289)Balance at December 31, 20231,673 6,338 (9)7,499 15,501 2,443 17,944 Net income— — — 1,371 1,371 175 1,546 Other comprehensive income— — 9 — 9 — 9 Common stock issued— 158 — — 158 — 158 Common stock repurchased—(200)—— (200)—(200)Common stock dividends declared ($3.1675 per share)— — — (1,221)(1,221)— (1,221)Preferred stock dividend declared ($53.75 per share for Series A and $50.00 per share for Series B)— — — (88)(88)— (88)Dividends to noncontrolling interests ($24.418 - $199.479 per share for preference stock)— — — 6 6 (160)(154)Noncash stock-based compensation— 57 — — 57 — 57 Preference stock issued, net of issuance cost— — — — — 345 345 Preference stock redeemed— — — — — (628)(628)Preferred stock repurchased(28)— — — (28)— (28)Balance at December 31, 2024$1,645 $6,353 $— $7,567 $15,565 $2,175 $17,740 The accompanying notes are an integral part of these consolidated financial statements.

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Consolidated Statements of IncomeSouthern California Edison Company

Years ended December 31,(in millions)202420232022Operating revenue$17,547 $16,275 $17,172 Purchased power and fuel5,209 5,486 6,375 Operation and maintenance5,064 4,071 4,659 Wildfire-related claims, net of insurance recoveries647 665 1,305 Wildfire Insurance Fund expense146 213 214 Depreciation and amortization2,865 2,633 2,559 Property and other taxes620 566 497 Impair