CONSOLIDATED EDISON INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ED$118.39-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
| For the Three Months Ended March 31, | ||
|---|---|---|
| (Millions of Dollars) | 2024 | 2023 |
| OPERATING ACTIVITIES | ||
| Net income | $694 | $604 |
| PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME | ||
| Depreciation and amortization | 510 | 473 |
| Deferred income taxes | 181 | 296 |
| Rate case amortization and accruals | 45 | 17 |
| Other non-cash items, net | (28) | (79) |
| CHANGES IN ASSETS AND LIABILITIES | ||
| Accounts receivable – customers | (210) | 238 |
| Allowance for uncollectible accounts – customers | 30 | (78) |
| Materials and supplies, including fuel oil and gas in storage | 22 | 48 |
| Revenue decoupling mechanism receivable | (85) | 27 |
| Other receivables and other current assets | 76 | (276) |
| Unbilled revenue and net unbilled revenue deferrals | (23) | 77 |
| Accounts receivable from affiliated companies | 4 | (53) |
| Prepayments | (546) | (574) |
| Accounts payable | (176) | (368) |
| Accounts payable from affiliated companies | 4 | 3 |
| Pensions and retiree benefits obligations, net | (94) | (44) |
| Pensions and retiree benefits contributions | (4) | (4) |
| Superfund and environmental remediation costs | (6) | (4) |
| Accrued taxes | (9) | (46) |
| Accrued taxes to affiliated companies | — | (89) |
| Accrued interest | 124 | 125 |
| Deferred charges, noncurrent assets, leases, net and other regulatory assets | 61 | (311) |
| Deferred credits, noncurrent liabilities and other regulatory liabilities | 83 | (2) |
| Other current liabilities | (131) | 65 |
| NET CASH FLOWS FROM OPERATING ACTIVITIES | 522 | 45 |
| INVESTING ACTIVITIES | ||
| Utility construction expenditures | (1,160) | (985) |
| Cost of removal less salvage | (106) | (92) |
| NET CASH FLOWS USED IN INVESTING ACTIVITIES | (1,266) | (1,077) |
| FINANCING ACTIVITIES | ||
| Net payment of short-term debt | (46) | (1,895) |
| Issuance of long-term debt | — | 500 |
| Debt issuance costs | (1) | (4) |
| Capital contribution by Con Edison | 25 | 1,675 |
| Dividend to Con Edison | (268) | (264) |
| NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES | (290) | 12 |
| CASH AND TEMPORARY CASH INVESTMENTS | ||
| NET CHANGE FOR THE PERIOD | (1,034) | (1,020) |
| BALANCE AT BEGINNING OF PERIOD | 1,138 | 1,056 |
| BALANCE AT END OF PERIOD | $104 | $36 |
| SUPPLEMENTAL DISCLOSURE OF CASH INFORMATION | ||
| Cash paid/(received) during the period for: | ||
| Interest, net of capitalized interest | $121 | $95 |
| Income taxes | $— | $(2) |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION | ||
| Construction expenditures in accounts payable | $416 | $426 |
| Software licenses acquired but unpaid as of end of period | $— | $2 |
| Equipment acquired but unpaid as of end of period | $11 | $17 |
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