XML 22 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 824 $ 925 $ 871
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 2,633 2,288 2,029
Allowance for equity during construction (137) (118) (121)
Impairment and other expense (income) 54 71 (116)
Gain on sale of lease interest and other operating income (5) (2) (133)
Deferred income taxes (177) 43 (296)
Wildfire Insurance Fund amortization expense 214 215 336
Other 80 40 36
Nuclear decommissioning trusts (123) (256) (197)
Proceeds from Morongo Transmission LLC   400  
Contributions to Wildfire Insurance Fund (95) (95) (95)
Changes in operating assets and liabilities:      
Receivables (252) (514) (283)
Inventory (58) (21) (43)
Accounts payable 367 138 87
Tax receivables and payables 18 13 113
Other current assets and liabilities 322 (333) 4
Regulatory assets and liabilities, net (51) (720) (1,799)
Wildfire-related insurance receivable (390) 708 932
Wildfire-related claims (56) (2,648) (56)
Other noncurrent assets and liabilities 48 (123) (6)
Net cash provided by operating activities 3,216 11 1,263
Cash flows from financing activities:      
Long-term debt issued, plus premium and net of discount and issuance costs 5,971 5,412 3,073
Long-term debt repaid (1,085) (1,037) (1,099)
Short-term debt issued 1,000 2,654 2,994
Short-term debt repaid (1,543) (2,255) (1,126)
Common stock issued 13 32 912
Preferred stock issued, net   1,977  
Preferred and preference stock redeemed     (308)
Commercial paper borrowing (repayments), net (317) (254) 304
Dividends and distribution to noncontrolling interests (110) (106) (118)
Common stock dividends paid (1,050) (988) (928)
Preferred and preference stock dividends paid (99) (35)  
Other 101 45 23
Net cash provided by financing activities 2,881 5,445 3,727
Cash flows from investing activities:      
Capital expenditures (5,778) (5,505) (5,484)
Proceeds from sale of nuclear decommissioning trust investments 4,177 3,961 5,927
Purchases of nuclear decommissioning trust investments (4,054) (3,705) (5,730)
Other 81 98 316
Net cash used in investing activities (5,574) (5,151) (4,971)
Net increase in cash, cash equivalents and restricted cash 523 305 19
Cash, cash equivalents and restricted cash at beginning of period 394 89 70
Cash, cash equivalents and restricted cash at end of period 917 394 89
SCE      
Cash flows from operating activities:      
Net income 954 935 942
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 2,626 2,280 2,021
Allowance for equity during construction (137) (118) (121)
Impairment and other expense (income) 50 67 (151)
Deferred income taxes (111) 62 (263)
Wildfire Insurance Fund amortization expense 214 215 336
Other 59 28 18
Nuclear decommissioning trusts (123) (256) (197)
Proceeds from Morongo Transmission LLC   400  
Contributions to Wildfire Insurance Fund (95) (95) (95)
Changes in operating assets and liabilities:      
Receivables (245) (513) (290)
Inventory (58) (21) (43)
Accounts payable 366 131 63
Tax receivables and payables (1) 31 141
Other current assets and liabilities 265 (333) (7)
Regulatory assets and liabilities, net (51) (720) (1,799)
Wildfire-related insurance receivable (398) 708 932
Wildfire-related claims (56) (2,648) (56)
Other noncurrent assets and liabilities 60 5 (4)
Net cash provided by operating activities 3,319 158 1,427
Cash flows from financing activities:      
Long-term debt issued, plus premium and net of discount and issuance costs 5,032 5,411 2,676
Long-term debt repaid (385) (1,037) (699)
Short-term debt issued   2,654 2,194
Short-term debt repaid (1,543) (2,255) (326)
Capital contributions from Edison International Parent 1,400 1,633 1,432
Preferred and preference stock redeemed     (308)
Commercial paper borrowing (repayments), net (406) (124) 175
Common stock dividends paid (1,300) (975) (1,332)
Preferred and preference stock dividends paid (110) (106) (118)
Other 36 17 5
Net cash provided by financing activities 2,724 5,218 3,699
Cash flows from investing activities:      
Capital expenditures (5,776) (5,503) (5,480)
Proceeds from sale of nuclear decommissioning trust investments 4,177 3,961 5,927
Purchases of nuclear decommissioning trust investments (4,054) (3,705) (5,730)
Other 96 95 189
Net cash used in investing activities (5,557) (5,152) (5,094)
Net increase in cash, cash equivalents and restricted cash 486 224 32
Cash, cash equivalents and restricted cash at beginning of period 280 56 24
Cash, cash equivalents and restricted cash at end of period $ 766 $ 280 $ 56