Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information

Schedule I

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

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2022	2021	2020
Equity in earnings of subsidiaries	$1,860	$1,369	$1,105
Other operating and maintenance expenses	(1)	(1)	(1)
Taxes other than income taxes	(7)	(6)	(12)
Other income (deductions)	(31)	14	33
Interest expense	(32)	(37)	(60)
Income tax expense (benefit)	(129)	7	36
Net Income	$1,660	$1,346	$1,101
Comprehensive Income	$1,677	$1,376	$1,095
Net Income Per Share – Basic	$4.68	$3.86	$3.29
Net Income Per Share – Diluted	$4.66	$3.85	$3.28
Dividends Declared Per Share	$3.16	$3.10	$3.06
Average Number Of Shares Outstanding—Basic (In Millions)	354.5	348.4	334.8
Average Number Of Shares Outstanding—Diluted (In Millions)	355.8	349.4	335.7

(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.

(b)Certain prior period amounts have been reclassified to conform with current period presentation.

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

Condensed Statement of Cash Flows

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars)	2022	2021	2020
Net Income	$1,660	$1,346	$1,101
Equity in earnings of subsidiaries	(1,860)	(1,369)	(1,105)
Deferred income taxes	163	119	32
Dividends received from:
CECONY	978	988	982
O&R	57	52	49
Clean Energy Businesses	98	64	21
Con Edison Transmission	1	152	11
Change in Assets and Liabilities:
Accounts receivable from affiliated companies	(138)	57	(386)
Accrued taxes to affiliated companies	(1)	(1)	(78)
Accounts payable to affiliated companies	1	1	—
Other – net (b)	56	50	(89)
Net Cash Flows from Operating Activities(b)	1,015	1,459	538
Investing Activities
Contributions to subsidiaries	(150)	(1,135)	(626)
Debt receivable from affiliated companies	—	875	400
Net Cash Flows Used in Investing Activities	(150)	(260)	(226)
Financing Activities
Net proceeds of short-term debt	632	50	(537)
Issuance of long-term debt	—	—	650
Retirement of long-term debt(b)	(293)	(1,178)	(3)
Debt issuance costs	—	(1)	(3)
Issuance of common shares for stock plans, net of repurchases	57	60	58
Issuance of common shares - public offering	—	775	640
Common stock dividends	(1,089)	(1,030)	(975)
Net Cash Flows Used in Financing Activities(b)	(693)	(1,324)	(170)
Net Change for the Period	172	(125)	142
Balance at Beginning of Period	19	144	2
Balance at End of Period	$191	$19	$144

(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.

(b)During 2021, Con Edison identified that the reclassification of debt from long-term to current for the year ended December 31, 2020 had been erroneously presented within the operating cash flow section as a cash inflow and in the financing section as a cash outflow in the Condensed Statement of Cash Flows (Parent Company Only). The amounts for the year ended December 31, 2020 have been revised to correct the error in the classification of $1,175 million from Other - net within Net Cash Flows from Operating Activities to Retirement of long-term debt within Net Cash Flows Used in Financing Activities. Con Edison has evaluated the effect of these misstatements, both qualitatively and quantitatively, and concluded that they are not material to the financial statements issued for the year ended December 31, 2020. These amounts were correctly presented on the Consolidated Statement of Cash Flows for the year ended December 31, 2020.

(c)Certain prior period amounts have been reclassified to conform with current period presentation.

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

Condensed Balance Sheet

(Parent Company Only)

	December 31,
(Millions of Dollars)	2022	2021
Assets
Current Assets
Cash and temporary cash investments	$191	$19
Other receivables, net allowance for uncollectible accounts	4	—
Tax receivable	5	3
Accounts receivable from affiliated companies	1,337	1,199
Prepayments	9	28
Other current assets	32	14
Total Current Assets	1,578	1,263
Investments in subsidiaries and others	20,839	19,951
Goodwill	406	406
Pension and retiree benefits - asset	5	—
Other deferred charges and noncurrent assets	2	8
Total Assets	$22,830	$21,628
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$649	$293
Term loan	400	—
Notes payable	282	50
Accounts payable	39	1
Accounts payable to affiliated companies	11	10
Accrued taxes	7	2
Accrued taxes to affiliated companies	506	507
Accrued interest	7	2
Other current liabilities	7	7
Total Current Liabilities	1,908	872
Deferred income taxes and unamortized investment tax credits	235	72
Long-term debt	—	647
Total Liabilities	2,143	1,591
Shareholders’ Equity
Common stock, including additional paid-in capital	9,840	9,748
Retained earnings	10,847	10,289
Total Shareholders’ Equity	20,687	20,037
Total Liabilities and Shareholders’ Equity	$22,830	$21,628

(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.

(b)Certain prior period amounts have been reclassified to conform with current period presentation.