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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 1,407 $ 824 $ 925
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 2,721 2,633 2,288
Allowance for equity during construction (157) (137) (118)
Impairment and other expense 1 54 71
Deferred income taxes 108 (177) 43
Wildfire Insurance Fund amortization expense 213 214 215
Other 57 75 38
Nuclear decommissioning trusts (180) (123) (256)
Proceeds from Morongo Transmission LLC     400
Contributions to Wildfire Insurance Fund (95) (95) (95)
Changes in operating assets and liabilities:      
Receivables (349) (252) (514)
Inventory (63) (58) (21)
Accounts payable (408) 367 138
Tax receivables and payables 9 18 13
Other current assets and liabilities 185 207 (321)
Derivative assets and liabilities, net (174) 115 (12)
Regulatory assets and liabilities, net 576 (51) (720)
Wildfire-related insurance receivable (36) (390) 708
Wildfire-related claims (410) (56) (2,648)
Other noncurrent assets and liabilities (4) 48 (123)
Net cash provided by operating activities 3,401 3,216 11
Cash flows from financing activities:      
Long-term debt issued, net of discount and issuance costs 5,121 5,971 5,412
Long-term debt repaid (2,498) (1,085) (1,037)
Short-term debt issued 1,076 1,000 2,654
Short-term debt repaid (2,407) (1,543) (2,255)
Common stock issued 20 13 32
Preferred and preference stock issued, net of issuance cost 542   1,977
Preferred stock repurchased (289)    
Commercial paper borrowing (repayments), net 1,102 (317) (254)
Dividends and distribution to noncontrolling interests (117) (110) (106)
Common stock dividends paid (1,112) (1,050) (988)
Preferred stock dividends paid (108) (99) (35)
Other 117 101 45
Net cash provided by financing activities 1,447 2,881 5,445
Cash flows from investing activities:      
Capital expenditures (5,448) (5,778) (5,505)
Proceeds from sale of nuclear decommissioning trust investments 4,597 4,177 3,961
Purchases of nuclear decommissioning trust investments (4,417) (4,054) (3,705)
Other 35 81 98
Net cash used in investing activities (5,233) (5,574) (5,151)
Net (decrease) increase in cash, cash equivalents and restricted cash (385) 523 305
Cash, cash equivalents and restricted cash at beginning of year 917 394 89
Cash, cash equivalents and restricted cash at end of year 532 917 394
SCE      
Cash flows from operating activities:      
Net income 1,597 954 935
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 2,710 2,626 2,280
Allowance for equity during construction (157) (137) (118)
Impairment and other expense 1 50 67
Deferred income taxes 179 (111) 62
Wildfire Insurance Fund amortization expense 213 214 215
Other 33 59 28
Nuclear decommissioning trusts (180) (123) (256)
Proceeds from Morongo Transmission LLC     400
Contributions to Wildfire Insurance Fund (95) (95) (95)
Changes in operating assets and liabilities:      
Receivables (336) (245) (513)
Inventory (63) (58) (21)
Accounts payable (413) 366 131
Tax receivables and payables 4 (1) 31
Other current assets and liabilities 220 150 (321)
Derivative assets and liabilities, net (174) 115 (12)
Regulatory assets and liabilities, net 576 (51) (720)
Wildfire-related insurance receivable (39) (398) 708
Wildfire-related claims (410) (56) (2,648)
Other noncurrent assets and liabilities 15 60 5
Net cash provided by operating activities 3,681 3,319 158
Cash flows from financing activities:      
Long-term debt issued, net of discount and issuance costs 3,588 5,032 5,411
Long-term debt repaid (2,098) (385) (1,037)
Short-term debt issued 706   2,654
Short-term debt repaid (1,051) (1,543) (2,255)
Capital contributions from Edison International Parent   1,400 1,633
Preferred and preference stock issued, net of issuance cost 542    
Commercial paper borrowing (repayments), net 963 (406) (124)
Common stock dividends paid (1,400) (1,300) (975)
Preferred stock dividends paid (117) (110) (106)
Other 49 36 17
Net cash provided by financing activities 1,182 2,724 5,218
Cash flows from investing activities:      
Capital expenditures (5,446) (5,776) (5,503)
Proceeds from sale of nuclear decommissioning trust investments 4,597 4,177 3,961
Purchases of nuclear decommissioning trust investments (4,417) (4,054) (3,705)
Other 35 96 95
Net cash used in investing activities (5,231) (5,557) (5,152)
Net (decrease) increase in cash, cash equivalents and restricted cash (368) 486 224
Cash, cash equivalents and restricted cash at beginning of year 766 280 56
Cash, cash equivalents and restricted cash at end of year $ 398 $ 766 $ 280