Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 107

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 107
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5December 31,2024LIABILITIES AND EQUITYShort-term debt$1,219 $553 Current portion of long-term debt1,899 1,249 Accounts payable2,350 2,078 Wildfire-related claims98 60 Accrued interest365 385 Regulatory liabilities1,109 1,347 Current portion of operating lease liabilities118 123 Other current liabilities2,095 1,495 Total current liabilities9,253 7,290 Long-term debt (includes $1,444 and $1,468 related to a VIE at respective dates)29,666 29,266 Deferred income taxes and credits10,023 8,697 Pensions and benefits86 92 Asset retirement obligations2,540 2,580 Regulatory liabilities10,736 10,159 Operating lease liabilities1,056 1,051 Wildfire-related claims456 941 Other deferred credits and other long-term liabilities3,640 3,518 Total deferred credits and other liabilities28,537 27,038 Total liabilities67,456 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 capital8,949 8,950 Accumulated other comprehensive loss(8)(9)Retained earnings9,532 8,422 Total equity22,861 21,751 Total liabilities and equity$90,317 $85,345 

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

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Table of Contents

Condensed Consolidated Statements of Cash FlowsSouthern California Edison Company

Nine months ended September 30,(in millions, unaudited)20252024Cash flows from operating activities:Net income$3,036 $1,319 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization2,427 2,177 Equity allowance for funds used during construction(140)(143)Asset impairment96 — Deferred income taxes668 4 Wildfire Insurance Fund amortization expense108 109 Other87 26 Nuclear decommissioning trusts(106)(118)Changes in operating assets and liabilities: