Income Statement Edison International

Equities

EIX

US2810201077

Electric Utilities

Market Closed - Nyse Other stock markets 04:00:02 2025-02-10 pm EST			5-day change	1st Jan Change
50.17 ^USD	+0.16%		-4.33%	-37.16%

Feb. 10	Edison International Announces Executive Changes	CI
Feb. 07	PRESS DIGEST- Wall Street Journal - Feb 7	RE

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Published financial data: EDISON INTERNATIONAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	12.35B	13.58B	14.9B	17.22B	16.34B
Total Revenues	12.35B	13.58B	14.9B	17.22B	16.34B
Fuel & Purchased Power	2.59B	2.86B	2.55B	3.08B	2.65B
Operations And Maintenance	2.99B	3.58B	3.61B	4.68B	4.09B
Selling General & Admin Expenses, Total	2.25B	2.08B	2.99B	3.29B	2.84B
Depreciation & Amortization - (IS) - (Collected)	1.73B	1.97B	2.22B	2.56B	2.64B
Other Operating Expenses	345M	217M	375M	409M	520M
Total Operating Expenses	9.9B	10.7B	11.74B	14.03B	12.73B
Operating Income (REIT / Utility Template)	2.44B	2.88B	3.17B	3.19B	3.6B
Interest Expense, Total	-962M	-1.03B	-1.09B	-1.38B	-1.82B
Interest and Investment Income	37M	20M	3M	80M	-
Net Interest Expenses	-925M	-1.01B	-1.09B	-1.3B	-1.82B
Allowance For Equity Funds Used During Construction	-	121M	118M	137M	-
Other Non Operating Income (Expenses)	89M	10M	-5M	-3M	402M
EBT, Excl. Unusual Items	1.61B	2B	2.19B	2.03B	2.18B
Impairment of Goodwill	-25M	-34M	-	-	-
Gain (Loss) on Sale of Assets	-	133M	2M	5M	-
Asset Writedown	-170M	-	-79M	-54M	-
Other Unusual Items	-407M	-1.66B	-1.49B	-1.53B	-880M
EBT, Incl. Unusual Items	1.01B	434M	623M	450M	1.3B
Income Tax Expense	-278M	-305M	-136M	-162M	108M
Earnings From Continuing Operations	1.28B	739M	759M	612M	1.2B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.28B	739M	759M	612M	1.2B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.28B	739M	759M	612M	1.2B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	1.28B	739M	759M	612M	1.2B
Net Income to Common Excl. Extra Items	1.28B	739M	759M	612M	1.2B
Per Share Items
Net EPS - Basic	3.78	1.98	2	1.61	3.13
Basic EPS - Continuing Operations	3.78	1.98	2	1.61	3.13
Basic Weighted Average Shares Outstanding	340M	373M	380M	381M	383M
Net EPS - Diluted	3.77	1.98	2	1.6	3.11
Diluted EPS - Continuing Operations	3.77	1.98	2	1.6	3.11
Diluted Weighted Average Shares Outstanding	341M	374M	380M	383M	385M
Normalized Basic EPS	2.96	3.35	3.6	3.32	3.57
Normalized Diluted EPS	2.95	3.34	3.6	3.31	3.55
Dividend Per Share	2.48	2.58	2.69	2.84	2.99
Payout Ratio	63.08	125.58	134.78	187.74	101.92
Supplemental Items
Utility Revenues	12.35B	13.58B	14.9B	17.22B	16.34B
EBITDA	4.06B	4.69B	5.14B	5.48B	5.97B
EBITA	2.44B	2.88B	3.17B	3.19B	3.6B
EBIT	2.44B	2.88B	3.17B	3.19B	3.6B
EBITDAR	6.31B	6.77B	8.13B	8.78B	8.8B
Effective Tax Rate - (Ratio)	-27.63	-70.28	-21.83	-36	8.28
Current Domestic Taxes	6M	-9M	-179M	15M	-
Total Current Taxes	6M	-9M	-179M	15M	-
Deferred Domestic Taxes	-284M	-296M	43M	-177M	108M
Total Deferred Taxes	-284M	-296M	43M	-177M	108M
Normalized Net Income	1B	1.25B	1.37B	1.27B	1.37B
Interest Capitalized	63M	53M	50M	53M	74M
Non-Cash Pension Expense	-44M	-63M	-82M	-101M	-78M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	190M	218M	311M	344M	358M
Net Rental Expense, Total	2.25B	2.08B	2.99B	3.29B	2.84B
Imputed Operating Lease Interest Expense	1.05B	825M	1.02B	1.21B	1.26B
Imputed Operating Lease Depreciation	1.2B	1.25B	1.97B	2.09B	1.58B
Stock-Based Comp., COGS (Total)	29M	29M	39M	42M	46M
Total Stock-Based Compensation	29M	29M	39M	42M	46M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	68M	87M	390M	914M	345M
Accounts Receivable, Total	1.28B	1.65B	2.19B	2.34B	2.76B
Other Receivables	118M	776M	-	-	-
Accounts Receivable (Summary Subtotal)	1.39B	2.43B	2.19B	2.34B	2.76B
Inventory - (Utility Template)	364M	405M	420M	474M	527M
Prepaid Expenses	214M	281M	258M	248M	112M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	2M	2M	4M	3M	35M
Other Current Assets, Total	1.52B	1.86B	2.23B	3.1B	3.03B
Total Current Assets	3.56B	5.06B	5.49B	7.07B	6.81B
Gross Property Plant And Equipment	54.89B	59.57B	64.01B	67.17B	70.21B
Accumulated Depreciation	-10.04B	-10.78B	-11.5B	-12.37B	-13.02B
Net Property Plant And Equipment	44.85B	48.8B	52.51B	54.81B	57.18B
Net Nuclear Fuel	129M	131M	123M	122M	122M
Regulatory Assets	6.09B	7.12B	7.66B	8.18B	8.9B
Long-Term Investments - (Utility Template)	64M	53M	51M	55M	54M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	9.69B	8.21B	8.91B	7.81B	8.69B
Total Assets	64.38B	69.37B	74.74B	78.04B	81.76B
Liabilities
Accounts Payable, Total	1.75B	1.98B	2B	2.36B	1.98B
Short-Term Borrowings	550M	2.4B	2.35B	2.02B	1.08B
Current Portion of Long-Term Debt	479M	1.03B	1.08B	2.61B	2.7B
Current Portion of Leases	80M	215M	582M	506M	120M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue, Current	-	-	13M	13M	12M
Other Current Liabilities - (Bank / Utility Template)	2.66B	4.66B	2.58B	2.84B	2.71B
Total Current Liabilities	5.52B	10.28B	8.61B	10.35B	8.6B
Long-Term Debt	17.86B	19.63B	24.17B	27.02B	30.32B
Long-Term Leases	613M	873M	1.35B	936M	1.1B
Unearned Revenue Non Current	-	-	381M	368M	355M
Pension & Other Post Retirement Benefits	1.09B	1.23B	1.78B	1.43B	2.08B
Deferred Tax Liability Non-Current	7.5B	7.65B	8.06B	8.4B	8.88B
Other Non Current Liabilities, Total	16.29B	13.76B	12.61B	12.02B	12.48B
Total Liabilities	48.89B	53.42B	56.96B	60.52B	63.81B
Preferred Stock Non Redeemable	-	-	1.98B	1.98B	1.67B
Total Preferred Equity	-	-	1.98B	1.98B	1.67B
Common Stock, Total	4.99B	5.96B	6.07B	6.2B	6.34B
Retained Earnings	8.38B	8.16B	7.89B	7.45B	7.5B
Comprehensive Income and Other	-69M	-69M	-54M	-11M	-9M
Total Common Equity	13.3B	14.05B	13.91B	13.64B	13.83B
Minority Interest	2.19B	1.9B	1.9B	1.9B	2.44B
Total Equity	15.5B	15.95B	17.79B	17.52B	17.94B
Total Liabilities And Equity	64.38B	69.37B	74.74B	78.04B	81.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	363M	379M	381M	383M	385M
ECS Total Common Shares Outstanding	362M	379M	380M	382M	384M
Book Value / Share	36.75	37.08	36.57	35.7	36.02
Tangible Book Value	13.3B	14.05B	13.91B	13.64B	13.83B
Tangible Book Value Per Share	36.75	37.08	36.57	35.7	36.02
Total Debt	19.59B	24.15B	29.53B	33.1B	35.31B
Net Debt	19.52B	24.06B	29.14B	32.18B	34.97B
Debt Equivalent of Unfunded Proj. Benefit Obligation	384M	305M	-125M	62M	38M
Debt Equivalent Oper. Leases	18.01B	16.6B	23.9B	26.34B	22.69B
Minority Interest, Total (Incl. Fin. Div)	2.19B	1.9B	1.9B	1.9B	2.44B
Account Code - Inventory Valuation	6	6	6	6	6
Machinery, Total	49.9B	53.17B	57.71B	60.86B	63.08B
Full Time Employees	12.94K	13.35K	13K	13.39K	14.38K
Accumulated Allowance for Doubtful Accounts (Supple)	35.8M	175M	193M	347M	360M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.28B	739M	759M	612M	1.2B
Depreciation, Depletion & Amortization	1.61B	1.81B	1.98B	2.29B	2.36B
Total Depreciation, Depletion & Amortization	1.61B	1.81B	1.98B	2.29B	2.36B
Amortization of Deferred Charges, Total	190M	218M	311M	344M	358M
(Gain) Loss On Sale of Asset - (CF)	-	-133M	-2M	-5M	-
Total Asset Writedown	184M	-116M	71M	54M	1M
Change in Accounts Receivable	-76M	-283M	-514M	-252M	-349M
Change In Inventories	-83M	-43M	-21M	-58M	-63M
Change in Accounts Payable	288M	87M	138M	367M	-408M
Change In Income Taxes	88M	113M	13M	18M	9M
Change in Other Net Operating Assets (Collected)	-1.15B	-925M	-3.12B	-127M	137M
Other Operating Activities	-2.65B	-205M	395M	-26M	156M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-307M	1.26B	11M	3.22B	3.4B
Capital Expenditure	-4.88B	-5.48B	-5.5B	-5.78B	-5.45B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Divestitures	-	158M	-	-	-
Contributions to Nuclear Decommissioning Trust	-4.28B	-5.73B	-3.7B	-4.05B	-4.42B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	132M	-	-	-
Other Investing Activities, Total	4.48B	5.95B	4.06B	4.26B	4.63B
Cash from Investing	-4.68B	-4.97B	-5.15B	-5.57B	-5.23B
Short Term Debt Issued, Total	1.75B	3.3B	2.65B	1B	2.18B
Long-Term Debt Issued, Total	3.7B	3.05B	5.46B	6.03B	5.18B
Total Debt Issued	5.45B	6.35B	8.11B	7.03B	7.35B
Short Term Debt Repaid, Total	-1.92B	-1.13B	-2.51B	-1.86B	-2.41B
Long-Term Debt Repaid, Total	-82M	-1.1B	-1.04B	-1.08B	-2.5B
Total Debt Repaid	-2B	-2.22B	-3.55B	-2.94B	-4.9B
Issuance of Common Stock	2.45B	912M	32M	13M	20M
Issuance of Preferred Stock	-	-	1.98B	-	-
Repurchase of Preferred Stock	-	-	-	-	-289M
Common Dividends Paid	-810M	-928M	-988M	-1.05B	-1.11B
Preferred Dividends Paid	-	-	-35M	-99M	-108M
Common & Preferred Stock Dividends Paid	-810M	-928M	-1.02B	-1.15B	-1.22B
Other Financing Activities, Total	-182M	-380M	-104M	-71M	488M
Cash from Financing	4.9B	3.73B	5.44B	2.88B	1.45B
Net Change in Cash	-82M	19M	305M	523M	-385M
Supplemental Items
Cash Interest Paid	705M	836M	887M	1B	1.4B
Cash Income Tax Paid (Refund)	-85M	-34M	-88M	-49M	-
Net Debt Issued / Repaid	3.45B	4.12B	4.56B	4.09B	2.45B
Levered Free Cash Flow	-2.58B	-1.53B	-4.05B	-2.41B	-2.38B
Unlevered Free Cash Flow	-1.98B	-886M	-3.37B	-1.55B	-1.25B
Change In Net Working Capital	459M	-739M	2.17B	439M	818M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.52	2.69	2.75	2.61	2.82
Return on Total Capital	4.84	4.79	4.53	4.08	4.34
Return On Equity %	9.12	4.7	4.5	3.47	6.75
Return on Common Equity	10.81	5.4	5.43	4.44	8.71
Margin Analysis
Gross Profit Margin %	54.6	52.38	58.42	54.67	58.45
SG&A Margin	17.69	14.55	19.24	18.34	16.76
EBITDA Margin %	32.86	34.56	34.51	31.84	36.53
EBITA Margin %	19.79	21.23	21.24	18.54	22.07
EBIT Margin %	19.79	21.23	21.24	18.54	22.07
Income From Continuing Operations Margin %	10.4	5.44	5.09	3.55	7.33
Net Income Margin %	10.4	5.44	5.09	3.55	7.33
Net Avail. For Common Margin %	10.4	5.44	5.09	3.55	7.33
Normalized Net Income Margin	8.14	9.2	9.19	7.35	8.36
Levered Free Cash Flow Margin	-20.88	-11.28	-27.15	-13.99	-14.6
Unlevered Free Cash Flow Margin	-16.01	-6.52	-22.58	-8.98	-7.63
Asset Turnover
Asset Turnover	0.2	0.2	0.21	0.23	0.2
Fixed Assets Turnover	0.29	0.29	0.29	0.32	0.29
Receivables Turnover (Average Receivables)	9.93	9.28	7.76	7.61	6.41
Inventory Turnover (Average Inventory)	17.36	16.82	15.02	17.46	13.56
Short Term Liquidity
Current Ratio	0.64	0.49	0.64	0.68	0.79
Quick Ratio	0.26	0.24	0.3	0.31	0.36
Operating Cash Flow to Current Liabilities	-0.06	0.12	0	0.31	0.4
Days Sales Outstanding (Average Receivables)	36.77	39.45	47.05	47.99	56.9
Days Outstanding Inventory (Average Inventory)	21.03	21.76	24.3	20.9	26.91
Average Days Payable Outstanding	104.69	104.96	116.99	101.26	115.83
Cash Conversion Cycle (Average Days)	-46.89	-43.74	-45.64	-32.37	-32.02
Long Term Solvency
Total Debt/Equity	126.39	151.4	166.02	188.88	196.78
Total Debt / Total Capital	55.83	60.22	62.41	65.38	66.31
LT Debt/Equity	119.24	128.57	143.46	159.58	175.08
Long-Term Debt / Total Capital	52.67	51.14	53.93	55.24	58.99
Total Liabilities / Total Assets	75.93	77.01	76.2	77.55	78.05
EBIT / Interest Expense	2.54	2.79	2.9	2.31	1.98
EBITDA / Interest Expense	6.56	6.55	7.45	6.35