E
EDISON INTERNATIONAL
EIXCIK 0000827052NYSELarge AcceleratedElectric ServicesCaliforniaFY ends Dec 31
Period
FY 2025
Revenue
$19.32B
Net Income
$4.46B
Total Assets
$94.03B
Equity
$17.58B
Shares Out
384.79M
Op. Cash Flow
$5.80B
Business
Edison International is a holding company that owns Southern California Edison (SCE), a regulated electric utility. It provides electricity generation, transmission, and distribution services, energy procurement, grid modernization, energy storage, wildfire mitigation programs, and related customer services, and also operates water and propane distribution on Catalina Island and manages nuclear decommissioning activities. The business is organized with Edison International as the parent and SCE as its principal regulated utility segment. It serves customers in southern and central California under rates and oversight established by regulators such as the CPUC and FERC.
Summary from filing dated 2025-02-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating revenue | 19,317 | 17,599 | 16,338 | 17,220 | 14,905 | |
| Purchased power and fuel | 4,933 | 5,209 | 5,486 | 6,375 | 5,540 | |
| Operation and maintenance | 5,098 | 5,172 | 4,138 | 4,724 | 3,645 | |
| Wildfire-related claims, net of (recoveries) | −1,959 | 652 | 667 | — | — | |
| Wildfire Fund expense | 144 | 146 | 213 | — | — | |
| Depreciation and amortization | 3,237 | 2,866 | 2,635 | 2,561 | 2,218 | |
| Property and other taxes | 665 | 624 | 571 | 501 | 465 | |
| Asset impairment | 106 | 0 | 1 | — | — | |
| Total operating expenses | 12,224 | 14,669 | 13,711 | 15,737 | 13,428 | |
| Operating income | 7,093 | 2,930 | 2,627 | 1,483 | 1,477 | |
| Interest expense | −1,539 | −1,869 | −1,612 | −1,169 | — | |
| Other income, net | 438 | 502 | 500 | 348 | 237 | |
| Income before income taxes | 5,992 | 1,563 | 1,515 | 662 | 789 | |
| Income tax expense | 1,291 | 17 | 108 | −162 | −136 | |
| Net income | 4,701 | 1,546 | 1,407 | 824 | 925 | |
| Less: Preference stock dividend requirements of SCE | 144 | 175 | 123 | — | — | |
| Preferred stock dividend requirements of Edison International | 98 | 87 | 87 | — | — | |
| Net income available to Edison International common shareholders | 4,459 | 1,284 | 1,197 | — | — | |
| Weighted average shares of common stock outstanding (in shares) | 385 | 386 | 383 | 381 | 380 | |
| Basic earnings per common share available to Edison International common shareholders (in dollars per share) | 11.58 | 3.33 | 3.12 | 1.61 | 2 | |
| Weighted average shares of common stock outstanding, including effect of dilutive securities (in shares) | 386 | 388 | 385 | 383 | 380 | |
| Diluted earnings per common share available to Edison International common shareholders (in dollars per share) | 11.55 | 3.31 | 3.11 | 1.6 | 2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 158 | 193 | 345 | 914 | 390 | |
| Receivables, net of allowances for uncollectible accounts of $356 and $352 at respective dates | 1,463 | 2,169 | 2,016 | 1,695 | 1,398 | |
| Accrued unbilled revenue | 1,238 | 848 | 742 | 641 | 794 | |
| Inventory | 535 | 538 | 527 | 474 | 420 | |
| Prepaid expenses | 119 | 103 | 112 | 248 | 258 | |
| Regulatory assets | 3,290 | 2,748 | 2,524 | 2,497 | 1,778 | |
| Wildfire Fund contributions | 138 | 138 | — | — | — | |
| Other current assets | 745 | 418 | 341 | 397 | 249 | |
| Total current assets | 7,686 | 7,155 | 6,811 | 7,070 | 5,491 | |
| Nuclear decommissioning trusts | 4,535 | 4,286 | 4,173 | 3,948 | 4,870 | |
| Other investments | 51 | 57 | 54 | 55 | 39 | |
| Total investments | 4,586 | 4,343 | — | — | — | |
| Utility property, plant and equipment, net of accumulated depreciation and amortization of $15,060 and $14,207 at respective dates | 63,131 | 59,047 | 55,877 | 53,274 | 50,497 | |
| Nonutility property, plant and equipment, net of accumulated depreciation of $132 and $124 at respective dates | 197 | 207 | 207 | 212 | 203 | |
| Total property, plant and equipment | 63,328 | 59,254 | 56,084 | 53,486 | 50,700 | |
| Receivables, net of allowances for uncollectible accounts of $49 and $43 at respective dates | 38 | 62 | 4 | 2 | 122 | |
| "Regulatory assets (include $3,092 and $1,512 related to a Variable Interest Entity (""VIE"") at respective dates)" | 12,960 | 8,886 | 8,897 | 8,181 | 7,660 | |
| Wildfire Fund contributions | 1,740 | 1,878 | — | — | — | |
| Operating lease right-of-use assets | 1,161 | 1,180 | 1,221 | 1,442 | 1,932 | |
| Long-term insurance receivables | 359 | 418 | 501 | 465 | 75 | |
| Other long-term assets | 2,168 | 2,403 | 2,062 | 1,239 | 1,485 | |
| Total other assets | 18,426 | 14,827 | — | — | — | |
| Total assets | 94,026 | 85,579 | 81,758 | 78,041 | 74,745 | |
| Short-term debt | 2,390 | 998 | 1,077 | 2,015 | 2,354 | |
| Current portion of long-term debt | 1,928 | 2,049 | 2,697 | 2,614 | 1,077 | |
| Accounts payable | 2,344 | 2,000 | 1,983 | 2,359 | 2,002 | |
| Wildfire-related claims | 585 | 60 | 30 | 121 | 131 | |
| Accrued interest | 473 | 422 | 390 | — | — | |
| Regulatory liabilities | 1,158 | 1,347 | 763 | 964 | 603 | |
| Current portion of operating lease liabilities | 120 | 124 | 120 | 506 | 582 | |
| Other current liabilities | 1,538 | 1,439 | 1,538 | 1,601 | 1,667 | |
| Total current liabilities | 10,536 | 8,439 | 8,598 | 10,347 | 8,609 | |
| Long-term debt (includes $3,022 and $1,468 related to a VIE at respective dates) | 36,070 | 33,534 | 30,316 | 27,025 | 24,170 | |
| Deferred income taxes and credits | 9,114 | 7,180 | 6,672 | 6,149 | 5,740 | |
| Pensions and benefits | 370 | 384 | 415 | 422 | 496 | |
| Asset retirement obligations | 2,583 | 2,580 | 2,666 | 2,754 | 2,772 | |
| Regulatory liabilities | 10,627 | 10,159 | 9,420 | 8,211 | 8,981 | |
| Operating lease liabilities | 1,041 | 1,056 | 1,101 | 936 | 1,350 | |
| Wildfire-related claims | 721 | 941 | 1,368 | 1,687 | 1,733 | |
| Other deferred credits and other long-term liabilities | 3,705 | 3,566 | 3,258 | 2,988 | 3,105 | |
| Total deferred credits and other liabilities | 28,161 | 25,866 | 24,900 | 23,147 | 24,177 | |
| Total liabilities | 74,767 | 67,839 | 63,814 | 60,519 | 56,956 | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Preferred stock (50,000,000 shares authorized; 414,342 and 1,159,317 shares of Series A and 87,937 and 503,454 shares of Series B issued and outstanding at respective dates) | 497 | 1,645 | 1,673 | 1,978 | 1,977 | |
| Common stock, no par value (800,000,000 shares authorized; 384,787,056 and 384,784,719 shares issued and outstanding at respective dates) | 6,362 | 6,353 | 6,338 | 6,200 | 6,071 | |
| Accumulated other comprehensive income | 6 | 0 | −9 | −11 | −54 | |
| Retained earnings | 10,714 | 7,567 | 7,499 | 7,454 | 7,894 | |
| Total Edison International's shareholders' equity | 17,579 | 15,565 | 15,501 | 15,621 | 15,888 | |
| Noncontrolling interests preference stock of SCE | 1,680 | 2,175 | 2,443 | 1,901 | 1,901 | |
| Total equity | 19,259 | 17,740 | 17,944 | 17,522 | 17,789 | |
| Total liabilities and equity | 94,026 | 85,579 | 81,758 | 78,041 | 74,745 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3,237 | 2,866 | 2,635 | 2,633 | 2,288 | |
| Equity allowance for funds used during construction | −189 | −187 | −157 | −137 | −118 | |
| Deferred income taxes | 1,208 | 9 | 108 | −177 | 43 | |
| Wildfire Fund amortization expense | 144 | 146 | 213 | — | — | |
| Other | 176 | 154 | 143 | 80 | 38 | |
| Nuclear decommissioning trusts | −123 | −174 | −180 | −123 | −256 | |
| Contributions to Wildfire Fund | −95 | −95 | −95 | — | — | |
| Receivables | 662 | −278 | −349 | −252 | −514 | |
| Inventory | −4 | −14 | −63 | −58 | −21 | |
| Accounts payable | 78 | 53 | −408 | 367 | 138 | |
| Other current assets and liabilities | −253 | −85 | 194 | 207 | −321 | |
| Derivative assets and liabilities, net | −11 | 28 | −174 | 115 | −12 | |
| Regulatory assets and liabilities, net | −3,445 | 1,219 | 576 | −51 | −720 | |
| Wildfire-related claims, net of insurance recoveries | −610 | −314 | −446 | −56 | −2,648 | |
| Other noncurrent assets and liabilities | 218 | 140 | −4 | 48 | −123 | |
| Net cash provided by operating activities | 5,800 | 5,014 | 3,401 | 3,216 | 11 | |
| Long-term debt issued, net of discount and issuance costs of $60, $44, and $54 for the respective years | 5,133 | 5,256 | 5,121 | 5,971 | 5,412 | |
| Long-term debt repaid | −2,052 | −2,701 | −2,498 | −1,085 | −1,037 | |
| Short-term debt issued | 1,260 | 0 | 1,076 | 1,000 | 2,654 | |
| Short-term debt repaid | −230 | −401 | −2,407 | −1,543 | −2,255 | |
| Common stock repurchased | −32 | −200 | 0 | 0 | — | |
| Preferred and preference stock issued, net of issuance cost | 0 | 345 | 542 | 0 | 1,977 | |
| Preferred and preference stock repurchased and redeemed | −1,664 | −656 | −289 | 0 | — | |
| Commercial paper (repayments) borrowing, net | −346 | 308 | 1,102 | −317 | −254 | |
| Dividends and distribution to noncontrolling interests | −136 | −168 | −117 | −110 | −106 | |
| Common stock dividends paid | −1,274 | −1,198 | −1,112 | −1,050 | −988 | |
| Preferred stock dividends paid | −104 | −88 | −108 | −99 | −35 | |
| Other | 16 | 177 | 137 | 114 | 45 | |
| Net cash provided by financing activities | 571 | 674 | 1,447 | 2,881 | 5,445 | |
| Capital expenditures | −6,515 | −5,707 | −5,448 | −5,778 | −5,505 | |
| Proceeds from sale of nuclear decommissioning trust investments | 6,219 | 5,019 | 4,597 | 4,177 | 3,961 | |
| Purchases of nuclear decommissioning trust investments | −6,098 | −4,898 | −4,417 | −4,054 | −3,705 | |
| Other | 59 | 50 | 35 | 81 | 98 | |
| Net cash used in investing activities | −6,335 | −5,536 | −5,233 | −5,574 | −5,151 | |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 36 | 152 | −385 | 523 | 305 |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro