Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 75

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 75
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Information responding to this section is included in the MD&A under the heading "Market Risk Exposures" and is incorporated herein by reference.

17

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Condensed Consolidated Statements of IncomeEdison International

Three months ended March 31,(in millions, except per-share amounts, unaudited)20252024Operating revenue$3,811 $4,078 Purchased power and fuel1,047 1,008 Operation and maintenance983 1,317 Wildfire-related claims, net of (recoveries)(1,305)615 Wildfire Insurance Fund expense36 36 Depreciation and amortization742 702 Property and other taxes166 155 Impairment8 — Total operating expenses1,677 3,833 Operating income2,134 245 Interest expense(301)(444)Other income, net107 138 Income (loss) before income taxes1,940 (61)Income tax expense (benefit)448 (113)Net income1,492 52 Less: Preference stock dividend requirements of SCE34 41 Preferred stock dividend requirements of Edison International22 22 Net income (loss) attributable to Edison International common shareholders$1,436 $(11)Basic earnings per share:Weighted average shares of common stock outstanding385385Basic earnings (loss) per common share available to Edison International common shareholders$3.73 $(0.03)Diluted earnings per share:Weighted average shares of common stock outstanding, including effect of dilutive securities386385Diluted earnings (loss) per common share available to Edison International common shareholders$3.72 $(0.03)

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

18

Condensed Consolidated Statements of Comprehensive IncomeEdison International

Three months ended March 31,(in millions, unaudited)20252024Net income$1,492 $52 Comprehensive income1,492 52 Less: Comprehensive income attributable to noncontrolling interests34 41 Comprehensive income attributable to Edison International$1,458 $11 

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

19

Condensed Consolidated Balance SheetsEdison International

(in millions, unaudited)March 31,2025December 31,2024ASSETSCash and cash equivalents$1,318 $193