$EIX

EDISON INTERNATIONAL

CIK:0000827052|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Operating revenue	$ 4,357	$ 4,543	$ 8,460	$ 8,354
Purchased power and fuel	1,137	1,157	2,107	2,204
Operation and maintenance	1,071	1,580	2,088	2,563
Wildfire-related claims, net of (recoveries)	18	0	13	(1,305)
Wildfire Fund expense	36	36	71	72
Depreciation and amortization	834	826	1,668	1,568
Property and other taxes	171	168	350	334
Other	(2)	1	(3)	9
Total operating expenses	3,265	3,768	6,294	5,445
Operating income	1,092	775	2,166	2,909
Interest expense	(514)	(504)	(1,038)	(805)
Other income, net	97	113	218	220
Income before income taxes	675	384	1,346	2,324
Income tax expense (benefit)	114	(14)	215	434
Net income	561	398	1,131	1,890
Less: Preference stock dividend requirements of SCE	26	33	55	67
Preferred stock dividend requirements of Edison International	1	22	11	44
Net income	$ 534	$ 343	$ 1,065	$ 1,779
Basic earnings per share:
Weighted average shares of common stock outstanding (in shares)	385	385	385	385
Basic earnings per common share available to Edison International common shareholders (in dollars per share)	$ 1.39	$ 0.89	$ 2.77	$ 4.62
Diluted earnings per share:
Weighted average shares of common stock outstanding, including effect of dilutive securities (in shares)	387	386	387	386
Diluted earnings per common share available to Edison International common shareholders (in dollars per share)	$ 1.38	$ 0.89	$ 2.75	$ 4.61

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 1,131	$ 1,890
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	1,668	1,568
Equity allowance for funds used during construction	(113)	(93)
Deferred income taxes	146	420
Wildfire Fund amortization expense	71	72
Other	103	77
Nuclear decommissioning trusts	11	(102)
Changes in operating assets and liabilities:
Receivables	(392)	248
Inventory	(39)	12
Accounts payable	56	50
Other current assets and liabilities	(9)	(247)
Derivative assets and liabilities, net	12	44
Regulatory assets and liabilities, net	460	(1,600)
Wildfire-related claims, net of insurance recoveries	(357)	(211)
Other noncurrent assets and liabilities	(51)	(22)
Net cash provided by operating activities	2,697	2,106
Cash flows from financing activities:
Long-term debt issued, net of premium, discount and issuance costs of $(5) and $(49) for the respective periods	4,545	3,501
Long-term debt repaid	(1,677)	(726)
Short-term debt issued	3	18
Short-term debt repaid	(437)	0
Common stock repurchased	(30)	(29)
Preferred stock repurchased	(538)	0
Commercial paper repayments, net of borrowing	(426)	(1,012)
Dividends and distribution to noncontrolling interests	(52)	(67)
Common stock dividends paid	(675)	(637)
Preferred stock dividends paid	(13)	(44)
Other	2	(13)
Net cash provided by financing activities	702	991
Cash flows from investing activities:
Capital expenditures	(3,385)	(3,120)
Proceeds from sale of nuclear decommissioning trust investments	3,666	2,680
Purchases of nuclear decommissioning trust investments	(3,684)	(2,580)
Proceeds from sale of a subsidiary, net of cash transferred	15	0
Other	(7)	18
Net cash used in investing activities	(3,395)	(3,002)
Net increase in cash and cash equivalents and restricted cash and cash equivalents	4	95
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	720	684
Cash and cash equivalents and restricted cash and cash equivalents at end of period	$ 724	$ 779

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 242	$ 158
Receivables, net of allowances for uncollectible accounts of $338 and $356 at respective dates	1,819	1,463
Accrued unbilled revenue	1,042	1,238
Inventory	567	535
Prepaid expenses	112	119
Regulatory assets	2,855	3,290
Wildfire Fund contributions	138	138
Other current assets	570	745
Total current assets	7,345	7,686
Nuclear decommissioning trusts	4,784	4,535
Other investments	71	51
Total investments	4,855	4,586
Utility property, plant and equipment, net of accumulated depreciation and amortization of $15,408 and $15,060 at respective dates	64,923	63,131
Nonutility property, plant and equipment, net of accumulated depreciation of $101 and $132 at respective dates	183	197
Total property, plant and equipment	65,106	63,328
Long-term receivables, net of allowances for uncollectible accounts of $39 and $49 at respective dates	32	38
Regulatory assets (include $3,051 and $3,092 related to a Variable Interest Entity ("VIE") at respective dates)	12,966	12,960
Wildfire Fund contributions	1,671	1,740
Operating lease right-of-use assets	1,137	1,161
Long-term insurance receivables	805	359
Other long-term assets	2,254	2,168
Total other assets	18,865	18,426
Total assets	96,171	94,026
LIABILITIES AND EQUITY
Short-term debt	1,521	2,390
Current portion of long-term debt	3,797	1,928
Accounts payable	2,159	2,344
Wildfire-related claims	808	585
Accrued interest	558	473
Regulatory liabilities	727	1,158
Current portion of operating lease liabilities	121	120
Other current liabilities	1,401	1,538
Total current liabilities	11,092	10,536
Long-term debt (includes $2,979 and $3,022 related to a VIE at respective dates)	37,085	36,070
Deferred income taxes and credits	9,484	9,114
Pensions and benefits	364	370
Asset retirement obligations	2,607	2,583
Regulatory liabilities	11,244	10,627
Operating lease liabilities	1,016	1,041
Wildfire-related claims	626	721
Other deferred credits and other long-term liabilities	3,560	3,705
Total deferred credits and other liabilities	28,901	28,161
Total liabilities	77,078	74,767
Commitments and contingencies (Note 12)
Preferred stock (50,000,000 shares authorized; zero and 414,342 shares of Series A and 83,503 and 87,937 shares of Series B issued and outstanding at respective dates)	83	497
Common stock, no par value (800,000,000 shares authorized; 384,787,767 and 384,787,056 shares issued and outstanding at respective dates)	6,347	6,362
Accumulated other comprehensive income	3	6
Retained earnings	11,096	10,714
Total equity	17,529	17,579
Noncontrolling interests – preference stock of SCE	1,564	1,680
Total equity	19,093	19,259
Total liabilities and equity	$ 96,171	$ 94,026