Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2019

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)	2019	2018	2017
Equity in earnings of subsidiaries	$1,354	$1,447	$1,544
Other income (deductions), net of taxes	76	(6)	31
Interest expense	(87)	(59)	(50)
Net Income	$1,343	$1,382	$1,525
Comprehensive Income	$1,340	$1,392	$1,526
Net Income Per Share – Basic	$4.09	$4.43	$4.97
Net Income Per Share – Diluted	$4.08	$4.42	$4.94
Dividends Declared Per Share	$2.96	$2.86	$2.76
Average Number Of Shares Outstanding—Basic (In Millions)	328.5	311.1	307.1
Average Number Of Shares Outstanding—Diluted (In Millions)	329.5	312.9	308.8

(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)	2019		2018	2017
Net Income	1,343		1,382	1,525
Equity in earnings of subsidiaries	(1,354)		(1,447)	(1,544)
Dividends received from:
CECONY	912		846	796
O&R	47		46	44
Clean Energy Businesses	3		15	12
Con Edison Transmission	12		10	8
Change in Assets:
Special deposits	(3)		(8)	—
Income taxes receivable	25		2	34
Other – net	44		187	21
Net Cash Flows from Operating Activities	1,029		1,033	896
Investing Activities
Contributions to subsidiaries	(930)		(1,110)	(434)
Debt receivable from affiliated companies	450		(825)	—
Net Cash Flows Used in Investing Activities	(480)		(1,935)	(434)
Financing Activities
Net proceeds of short-term debt	(783)		164	(53)
Issuance of long-term debt	825		825	400
Retirement of long-term debt	(553)		(3)	(402)
Debt issuance costs	—		—	(2)
Issuance of common shares for stock plans, net of repurchases	54		53	51
Issuance of common shares - public offering	825		705	343
Common stock dividends	(924)		(842)	(803)
Net Cash Flows Used in Financing Activities	(556)		902	(466)
Net Change for the Period	(7	)	—	(4)
Balance at Beginning of Period	9		9	13
Balance at End of Period	$2		$9	$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)	2019	2018
Assets
Current Assets
Cash and temporary cash investments	$2	$9
Income taxes receivable	18	43
Term loan receivable from affiliated companies	—	825
Accounts receivable from affiliated companies	870	536
Prepayments	32	33
Other current assets	12	12
Total Current Assets	934	1,458
Investments in subsidiaries and others	18,009	16,707
Goodwill	406	406
Deferred income tax	14	69
Long-term debt receivable from affiliated companies	1,275	900
Other noncurrent assets	—	2
Total Assets	$20,638	$19,542
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$3	$3
Term loan	—	825
Notes payable	537	495
Accounts payable	—	9
Accounts payable to affiliated companies	595	274
Accrued taxes	2	2
Other current liabilities	10	13
Total Current Liabilities	1,147	1,621
Deferred income tax	—	—
Total Liabilities	1,147	1,621
Long-term debt	1,469	1,195
Shareholders’ Equity
Common stock, including additional paid-in capital	8,089	7,151
Retained earnings	9,933	9,575
Total Shareholders’ Equity	18,022	16,726
Total Liabilities and Shareholders’ Equity	$20,638	$19,542

(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.