v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 140 $ 193
Receivables, less allowances of $314 and $352 for uncollectible accounts at respective dates 1,902 2,169
Accrued unbilled revenue 927 848
Inventory 523 538
Prepaid expenses 96 103
Regulatory assets 2,805 2,748
Wildfire Insurance Fund contributions 138 138
Other current assets 419 418
Total current assets 6,950 7,155
Nuclear decommissioning trusts 4,324 4,286
Other investments 63 57
Total investments 4,387 4,343
Utility property, plant and equipment, less accumulated depreciation and amortization of $14,587 and $14,207 at respective dates 60,797 59,047
Nonutility property, plant and equipment, less accumulated depreciation of $125 and $124 at respective dates 202 207
Total property, plant and equipment 60,999 59,254
Receivables, less allowances of $47 and $43 for uncollectible accounts at respective dates 61 62
Regulatory assets (include $1,488 and $1,512 related to a Variable Interest Entity ("VIE") at respective dates) 10,487 8,886
Wildfire Insurance Fund contributions 1,809 1,878
Operating lease right-of-use assets 1,156 1,180
Long-term insurance receivables 365 418
Other long-term assets 2,599 2,403
Total other assets 16,477 14,827
Total assets 88,813 85,579
LIABILITIES AND EQUITY    
Short-term debt 700 998
Current portion of long-term debt 2,699 2,049
Accounts payable 1,962 2,000
Wildfire-related claims 169 60
Accrued interest 520 422
Regulatory liabilities 490 1,347
Current portion of operating lease liabilities 120 124
Other current liabilities 1,305 1,439
Total current liabilities 7,965 8,439
Long-term debt (includes $1,444 and $1,468 related to a VIE at respective dates) 34,971 33,534
Deferred income taxes and credits 7,884 7,180
Pensions and benefits 371 384
Asset retirement obligations 2,549 2,580
Regulatory liabilities 11,066 10,159
Operating lease liabilities 1,036 1,056
Wildfire-related claims 568 941
Other deferred credits and other long-term liabilities 3,542 3,566
Total deferred credits and other liabilities 27,016 25,866
Total liabilities 69,952 67,839
Commitments and contingencies (Note 12)
Preferred stock (50,000,000 shares authorized; 1,159,317 shares of Series A and 503,454 shares of Series B issued and outstanding at respective dates) 1,645 1,645
Common stock, no par value (800,000,000 shares authorized; 384,786,397 and 384,784,719 shares issued and outstanding at respective dates) 6,330 6,353
Accumulated other comprehensive income 2 0
Retained earnings 8,709 7,567
Total equity 16,686 15,565
Noncontrolling interests – preference stock of SCE 2,175 2,175
Total equity 18,861 17,740
Total liabilities and equity $ 88,813 $ 85,579