Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 78

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 78
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1,043 Cash flows from financing activities:Long-term debt issued, net of discount and issuance costs of $49 and $24 for the respective periods3,501 2,976 Long-term debt repaid (1)(601)Short-term debt repaid— (390)Common stock repurchased(29)— Preferred stock repurchased— (19)Commercial paper repayments, net of borrowing(1,687)(622)Dividends and distribution to noncontrolling interests(34)(43)Common stock dividends paid(319)(295)Preferred stock dividends paid(44)(44)Other(13)26 Net cash provided by financing activities1,374 988 Cash flows from investing activities:Capital expenditures(1,408)(1,279)Proceeds from sale of nuclear decommissioning trust investments1,406 1,258 Purchases of nuclear decommissioning trust investments(1,372)(1,257)Other— 2 Net cash used in investing activities(1,374)(1,276)Net increase in cash, cash equivalents and restricted cash1,224 755 Cash, cash equivalents and restricted cash at beginning of period684 532 Cash, cash equivalents and restricted cash at end of period$1,908 $1,287 

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

22

Condensed Consolidated Statements of IncomeSouthern California Edison Company

Three months ended March 31,(in millions, unaudited)20252024Operating revenue$3,802 $4,064 Purchased power and fuel1,047 1,008 Operation and maintenance962 1,291 Wildfire-related claims, net of (recoveries)(1,355)614 Wildfire Insurance Fund expense36 36 Depreciation and amortization741 701 Property and other taxes165 153 Impairment8 — Total operating expenses1,604 3,803 Operating income2,198 261 Interest expense(220)(374)Other income, net111 135 Income before income taxes2,089 22 Income tax expense (benefit)488 (84)Net income1,601 106 Less: Preference stock dividend requirements34 41 Net income available to common stock$1,567 $65 

Condensed Consolidated Statements of Comprehensive IncomeSouthern California Edison Company

Three months ended March 31,(in millions, una