Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information

Schedule I

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2020	2019	2018
Equity in earnings of subsidiaries	$1,105	$1,354	$1,447
Other income (deductions), net of taxes	56	76	(6)
Interest expense	(60)	(87)	(59)
Net Income	$1,101	$1,343	$1,382
Comprehensive Income	$1,095	$1,340	$1,392
Net Income Per Share – Basic	$3.29	$4.09	$4.43
Net Income Per Share – Diluted	$3.28	$4.08	$4.42
Dividends Declared Per Share	$3.06	$2.96	$2.86
Average Number Of Shares Outstanding—Basic (In Millions)	334.8	328.5	311.1
Average Number Of Shares Outstanding—Diluted (In Millions)	335.7	329.5	312.9

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Cash Flows

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars)	2020	2019	2018
Net Income	1,101	1,343	1,382
Equity in earnings of subsidiaries	(1,105)	(1,354)	(1,447)
Dividends received from:
CECONY	982	912	846
O&R	49	47	46
Clean Energy Businesses	21	3	15
Con Edison Transmission	11	12	10
Change in Assets:
Special deposits	—	(3)	(8)
Income taxes receivable	—	25	2
Other – net	654	44	187
Net Cash Flows from Operating Activities	1,713	1,029	1,033
Investing Activities
Contributions to subsidiaries	(626)	(930)	(1,110)
Debt receivable from affiliated companies	400	450	(825)
Net Cash Flows Used in Investing Activities	(226)	(480)	(1,935)
Financing Activities
Net proceeds of short-term debt	(537)	(783)	164
Issuance of long-term debt	650	825	825
Retirement of long-term debt	(1,178)	(553)	(3)
Debt issuance costs	(3)	—	—
Issuance of common shares for stock plans, net of repurchases	58	54	53
Issuance of common shares - public offering	640	825	705
Common stock dividends	(975)	(924)	(842)
Net Cash Flows Used in Financing Activities	(1,345)	(556)	902
Net Change for the Period	142	(7)	—
Balance at Beginning of Period	2	9	9
Balance at End of Period	$144	$2	$9

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Balance Sheet

(Parent Company Only)

	December 31,
(Millions of Dollars)	2020	2019
Assets
Current Assets
Cash and temporary cash investments	$144	$2
Accounts receivable - other	1
Income taxes receivable	18	18
Term loan receivable from affiliated companies	—	—
Accounts receivable from affiliated companies	1,256	870
Prepayments	62	32
Other current assets	12	12
Total Current Assets	1,493	934
Investments in subsidiaries and others	18,670	18,009
Goodwill	406	406
Deferred income tax	55	14
Long-term debt receivable from affiliated companies	875	1,275
Other noncurrent assets	—	—
Total Assets	$21,499	$20,638
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$1,178	$3
Term loan	—	—
Notes payable	—	537
Accounts payable	—	—
Accounts payable to affiliated companies	517	595
Accrued taxes	6	2
Other current liabilities	12	10
Total Current Liabilities	1,713	1,147
Deferred income tax	—	—
Total Liabilities	1,713	1,147
Long-term debt	939	1,469
Shareholders’ Equity
Common stock, including additional paid-in capital	8,844	8,089
Retained earnings	10,003	9,933
Total Shareholders’ Equity	18,847	18,022
Total Liabilities and Shareholders’ Equity	$21,499	$20,638

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.