EDISON INTERNATIONAL
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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SCHEDULES SUPPLEMENTING FINANCIAL STATEMENTS
CONDENSED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Assets: | ||
| Cash and cash equivalents | $1 | $4 |
| Other current assets | 567 | 606 |
| Total current assets | 568 | 610 |
| Investments in subsidiaries | 23,276 | 20,630 |
| Deferred income taxes | 834 | 760 |
| Other long-term assets | 98 | 67 |
| Total assets | $24,776 | $22,067 |
| Liabilities and equity: | ||
| Short-term debt | $1,354 | $445 |
| Current portion of long-term debt | — | 800 |
| Other current liabilities | 676 | 639 |
| Total current liabilities | 2,030 | 1,884 |
| Long-term debt | 4,815 | 4,268 |
| Other long-term liabilities | 352 | 350 |
| Total equity | 17,579 | 15,565 |
| Total liabilities and equity | $24,776 | $22,067 |
CONDENSED STATEMENTS OF INCOME
| (in millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Interest income | $3 | $3 | $2 |
| Operating, interest and other expenses | 389 | 342 | 299 |
| Loss before equity in earnings of subsidiaries | (386) | (339) | (297) |
| Equity in earnings of subsidiaries | 4,835 | 1,610 | 1,498 |
| Income before income taxes | 4,449 | 1,271 | 1,201 |
| Income tax benefit | (108) | (100) | (83) |
| Net income | 4,557 | 1,371 | 1,284 |
| Preferred stock dividend requirements of Edison International | 98 | 87 | 87 |
| Net income available to Edison International common shareholders | $4,459 | $1,284 | $1,197 |
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
| (in millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net income | $4,557 | $1,371 | $1,284 |
| Other comprehensive income, net of tax | 6 | 9 | 2 |
| Comprehensive income | $4,563 | $1,380 | $1,286 |
CONDENSED STATEMENTS OF CASH FLOWS
| (in millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net cash provided by operating activities | $1,930 | $1,097 | $1,148 |
| Cash flows from financing activities: | |||
| Long-term debt issued | 544 | 1,049 | 1,549 |
| Long-term debt issuance costs | (4) | (7) | (16) |
| Long-term debt repaid | (800) | (500) | (400) |
| Short-term debt issued | 850 | — | 370 |
| Short-term debt repaid | (101) | (15) | (1,356) |
| Common stock issued | 5 | 12 | 20 |
| Common stock repurchased | (32) | (200) | — |
| Preferred stock repurchased | (1,160) | (28) | (289) |
| Payable due to affiliates | — | — | (3) |
| Commercial paper borrowing, net of repayments | 158 | 214 | 139 |
| Payments for stock-based compensation | (21) | (24) | (5) |
| Receipts for stock-based compensation | 22 | 206 | 71 |
| Common stock dividends paid | (1,274) | (1,198) | (1,112) |
| Preferred stock dividends paid | (104) | (88) | (108) |
| Net cash used in financing activities | (1,917) | (579) | (1,140) |
| Cash flows from investing activities: | |||
| Capital contributions to affiliate | (16) | (516) | (15) |
| Dividends from affiliate | — | 1 | 4 |
| Net cash used in investing activities: | (16) | (515) | (11) |
| Net (decrease) increase in cash and cash equivalents | (3) | 3 | (3) |
| Cash and cash equivalents, beginning of year | 4 | 1 | 4 |
| Cash and cash equivalents, end of year | $1 | $4 | $1 |
Note 1. Basis of Presentation
The accompanying condensed financial statements of Edison International Parent should be read in conjunction with the consolidated financial statements and notes thereto of Edison International and subsidiaries ("Registrant") included in this Form 10-K. Edison International Parent's significant accounting policies are consistent with those of the Registrant, SCE and other wholly owned and controlled subsidiaries.
Dividends Received
Edison International Parent received cash dividends from SCE of $2.2 billion, $1.4 billion, and $1.4 billion in 2025, 2024, and 2023, respectively.
Dividend Restrictions
For information on Edison International Parent dividend restrictions, see "Notes to Consolidated Financial Statements—Note 1. Summary of Significant Accounting Policies—SCE Dividends" and "—Edison International Dividends."
Note 2. Debt and Equity Financing
Long-Term Debt
The following table summarizes Edison International Parent's long-term debt at December 31, 2025:
| (in millions) | |
|---|---|
| 5.75% Senior Note due 2027 | $600 |
| 4.125% Senior Note due 2028 | 550 |
| 5.25% Senior Note due 2028 | 600 |
| 6.95% Senior Note due 2029 | 550 |
| 5.45% Senior Note due 2029 | 500 |
| 6.25% Senior Note due 2030 | 550 |
| 5.25% Senior Note due 2032 | 550 |
| 8.125% Junior Subordinated Note due 2053 | 500 |
| 7.875% Junior Subordinated Note due 2054 | 450 |
For information on Edison International Parent's material provisions on long-term debt and credit facility, see "Notes to Consolidated Financial Statements—Note 5. Debt and Credit Agreements—Liens and Security Interests" and "—Credit Agreements and Short-Term Debt."
Common and Preferred Stock
For information on Edison International Parent common stock and preferred stock, see "Notes to Consolidated Financial Statements—Note 14. Equity."
Note 3. Related-Party Transactions
Edison International's Parent expense from services provided by SCE was $2 million for the years ended December 31, 2025, 2024 and 2023. Edison International Parent's interest expense from loans due to affiliates was $2 million for the years ended December 31, 2025, 2024 and 2023. Edison International Parent had current related-party receivables of $565 million and $571 million and current related-party payables of $229 million and $186 million at December 31, 2025 and 2024, respectively. Edison International Parent had long-term related-party payables of $113 million and $98 million at December 31, 2025 and 2024, respectively. For a discussion of Edison International Parent's contribution to Edison International Foundation for the years ended December 31, 2025, 2024 and 2023 see "Notes to Consolidated Financial Statements—Note 17. Related Party Transactions."
Note 4. Contingencies
For a discussion of material contingencies see "Notes to Consolidated Financial Statements—Note 8. Income Taxes" and "—Note 12. Commitments and Contingencies."
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