Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 6

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 6
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 deferred credits and other long-term liabilities3,496 3,518 Total deferred credits and other liabilities28,247 27,038 Total liabilities66,249 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 capital8,943 8,950 Accumulated other comprehensive loss(8)(9)Retained earnings9,072 8,422 Total equity22,395 21,751 Total liabilities and equity$88,644 $85,345 

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

29

Condensed Consolidated Statements of Cash FlowsSouthern California Edison Company

Six months ended June 30,(in millions, unaudited)20252024Cash flows from operating activities:Net income$2,077 $678 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization1,566 1,451 Equity allowance for funds used during construction(93)(96)Deferred income taxes469 (3)Wildfire Insurance Fund amortization expense72 73 Other51 9 Nuclear decommissioning trusts(102)(41)Changes in operating assets and liabilities:Receivables242 (84)Inventory12 (10)Accounts payable(28)115 Other current assets and liabilities(241)(442)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(7)159 Net cash provided by operating activities2,251 1,530 Cash flows from financing activities:Long-term debt issued, net of discount and issuance costs of $38 and $31 for the respective periods2,962 3,719 Long-term debt repaid(326)(1,725)Short-term debt repaid— (381)Preference stock issued, net of issuance cost— 345 Preference stock redeemed— (350)Commercial paper (repayments) borrowing, net(795)342 Common stock dividends paid(860)(720)Preference stock dividends paid(67)(88)Other