S
SOUTHERN CALIFORNIA EDISON Co
SCE-PNCIK 0000092103NYSENon-AcceleratedElectric ServicesCaliforniaFY ends Dec 31
Period
FY 2011
Revenue
—
Net Income
$1.08B
Total Assets
—
Equity
—
Shares Out
0
Op. Cash Flow
$3.26B
Business
SOUTHERN CALIFORNIA EDISON Co omits its Item 1 business description in this filing pursuant to General Instruction J of Form 10-K. The Item 1 section does not provide a description of the company’s main products or services. The Item 1 disclosure does not identify any key business segments or divisions. The Item 1 text does not disclose geographic markets, service territories, or distribution channels. Because Item 1 is omitted, no further operational or organizational details are provided in this section.
Summary from filing dated 2025-03-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2011 2011-12-31 | FY 2010 2010-12-31 | FY 2009 2009-12-31 | FY 2008 2008-12-31 | FY 2007 2007-12-31 |
|---|---|---|---|---|---|---|
| Operating revenue | 10,577 | 9,983 | 9,965 | 11,248 | 10,233 | |
| Fuel | 367 | 363 | 721 | 1,400 | 1,191 | |
| Purchased power | 2,989 | 2,930 | 2,751 | 3,845 | 3,235 | |
| Operation and maintenance | 3,387 | 3,291 | 3,154 | 3,013 | 2,838 | |
| Depreciation, decommissioning and amortization | 1,426 | 1,273 | 1,178 | 1,114 | 1,011 | |
| Property and other taxes | 285 | 263 | 244 | 232 | 217 | |
| Gain on sale of assets | 0 | −1 | −1 | −9 | — | |
| Total operating expenses | 8,454 | 8,119 | 8,047 | 9,595 | 8,492 | |
| Operating income | 2,123 | 1,864 | 1,918 | 1,653 | 1,741 | |
| Interest income | 5 | 7 | 11 | 22 | 44 | |
| Other income | 135 | 141 | 160 | 101 | 89 | |
| Interest expense | −463 | −429 | −420 | −407 | −429 | |
| Other expenses | −55 | −51 | −49 | −123 | −45 | |
| Income before income taxes | 1,745 | 1,532 | 1,620 | 1,246 | 1,400 | |
| Income tax expense | 601 | 440 | 249 | 342 | 337 | |
| Net income | 1,144 | 1,092 | 1,371 | 904 | 1,063 | |
| Less: Net income attributable to noncontrolling interests | 0 | 0 | 94 | 170 | 305 | |
| Dividends on preferred and preference stock | 59 | 52 | 51 | 51 | 51 | |
| Net income available for common stock | 1,085 | 1,040 | 1,226 | 683 | 707 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2011 2011-12-31 | FY 2010 2010-12-31 | FY 2009 2009-12-31 | FY 2008 2008-12-31 |
|---|---|---|---|---|---|
| Receivables, allowances for uncollectible accounts (in dollars) | 75 | 85 | 53 | 39 | |
| Utility property, plant and equipment, less accumulated depreciation of $6,894 and $6,319 at respective dates | 6,894 | 6,319 | −5,921 | −5,570 | |
| Nonutility property, plant and equipment, less accumulated depreciation of $107 and $100 at respective dates | 107 | 100 | 744 | 765 | |
| Common stock, no par value (in dollars per share) | 0 | 0 | — | 0 | |
| Common stock, shares authorized | 560 | 560 | 560 | 560 | |
| Common stock, shares issued | 435 | 435 | 435 | 435 | |
| Common stock, shares outstanding | 435 | 435 | 435 | 435 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2011 2011-12-31 | FY 2010 2010-12-31 | FY 2009 2009-12-31 | FY 2008 2008-12-31 | FY 2007 2007-12-31 |
|---|---|---|---|---|---|---|
| Regulatory impacts of net nuclear decommissioning trust earnings | 146 | 189 | 158 | −10 | 143 | |
| Other amortization | 132 | 106 | 109 | 97 | 95 | |
| Stock-based compensation | 16 | 17 | 13 | 18 | 18 | |
| Deferred income taxes and investment tax credits | 852 | 973 | 574 | 131 | −111 | |
| Receivables | −44 | −25 | −9 | 14 | 214 | |
| Inventory | −18 | −11 | 28 | −74 | −51 | |
| Margin and collateral deposits - net of collateral received | 7 | 2 | 63 | −16 | 6 | |
| Prepaid taxes | −110 | −135 | 178 | −66 | — | |
| Other current assets | −87 | −101 | −29 | 31 | −201 | |
| Accounts payable | 11 | −166 | 43 | −107 | 42 | |
| Accrued taxes | 4 | 36 | −331 | 298 | 61 | |
| Other current liabilities | −33 | 118 | 26 | −18 | −12 | |
| Derivative assets and liabilities - net | 730 | −43 | −413 | 634 | −87 | |
| Regulatory assets and liabilities - net | −1,428 | 278 | 1,457 | −2,946 | 679 | |
| Other assets | −180 | −10 | 48 | 275 | −156 | |
| Other liabilities | 693 | −207 | −395 | 1,343 | 195 | |
| Net cash provided by operating activities | 3,261 | 3,386 | 4,069 | 1,622 | 2,973 | |
| Long-term debt issued | 896 | 1,135 | 750 | 1,500 | — | |
| Long-term debt issuance costs | −9 | −16 | −11 | −20 | −1 | |
| Long-term debt repaid | −14 | −259 | −154 | −3 | −207 | |
| Bonds purchased | −86 | 0 | −219 | — | — | |
| Preference stock issued - net | 123 | 0 | 0 | — | — | |
| Short-term debt financing - net | 419 | 0 | −1,893 | 1,393 | 500 | |
| Settlements of stock-based compensation - net | −10 | −5 | 4 | — | — | |
| Distributions to noncontrolling interests | 0 | 0 | −125 | — | — | |
| Dividends paid | −520 | −352 | −351 | −376 | −186 | |
| Net cash provided (used) by financing activities | 799 | 503 | −1,999 | 2,024 | −438 | |
| Capital expenditures | −4,122 | −3,780 | −2,999 | −2,267 | −2,286 | |
| Proceeds from sale of nuclear decommissioning trust investments | 2,773 | 1,432 | 2,217 | 3,130 | 3,697 | |
| Purchases of nuclear decommissioning trust investments and other | −2,940 | −1,651 | −2,416 | −3,137 | −3,830 | |
| Customer advances for construction and other investments | 29 | −3 | −21 | −13 | −3 | |
| Effect of deconsolidation of variable interest entities | 0 | −92 | 0 | — | — | |
| Net cash used by investing activities | −4,260 | −4,094 | −3,219 | −2,287 | −2,366 | |
| Net decrease in cash and cash equivalents | −200 | −205 | −1,149 | 1,359 | 169 |
Filings
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