Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 213

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 213
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14,561 Total assets$85,345 $81,483 

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

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Consolidated Balance SheetsSouthern California Edison Company

December 31,(in millions, except share amounts)20242023LIABILITIES AND EQUITYShort-term debt$553 $831 Current portion of long-term debt1,249 2,197 Accounts payable2,078 1,966 Wildfire-related claims60 30 Accrued interest385 355 Regulatory liabilities1,347 763 Current portion of operating lease liabilities123 118 Other current liabilities1,495 1,535 Total current liabilities7,290 7,795 Long-term debt (include $1,468 and $1,515 related to a VIE at respective dates)29,266 26,297 Deferred income taxes and credits8,697 8,126 Pensions and benefits92 105 Asset retirement obligations2,580 2,666 Regulatory liabilities10,159 9,420 Operating lease liabilities1,051 1,096 Wildfire-related claims941 1,368 Other deferred credits and other long-term liabilities3,518 3,206 Total deferred credits and other liabilities27,038 25,987 Total liabilities63,594 60,079 Commitments and contingencies (Note 12)Preference stock2,220 2,495 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 capital8,950 8,446 Accumulated other comprehensive loss(9)(12)Retained earnings8,422 8,307 Total equity21,751 21,404 Total liabilities and equity$85,345 $81,483 

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

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Consolidated Statements of Cash FlowsSouthern California Edison CompanyYears ended December 31,(in millions)202420232022Cash flows from operating activities:Net income$1,794 $1,597 $954 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization2,929 2,710 2,626 Allowance for equity during construction(187)(