CONSOLIDATED EDISON INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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 Income Statement
CONSOLIDATED INCOME STATEMENT (UNAUDITED)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Millions of Dollars/Except Share Data) | 2024 | 2023 | 2024 | 2023 |
| OPERATING REVENUES | ||||
| Electric | $3,669 | $3,469 | $8,849 | $8,309 |
| Gas | 373 | 353 | 2,312 | 2,354 |
| Steam | 49 | 49 | 423 | 425 |
| Non-utility | 1 | 1 | 3 | 131 |
| TOTAL OPERATING REVENUES | 4,092 | 3,872 | 11,587 | 11,219 |
| OPERATING EXPENSES | ||||
| Purchased power | 743 | 796 | 1,942 | 1,993 |
| Fuel | 27 | 34 | 130 | 241 |
| Gas purchased for resale | 67 | 73 | 402 | 640 |
| Other operations and maintenance | 986 | 933 | 2,841 | 2,678 |
| Depreciation and amortization | 550 | 512 | 1,601 | 1,506 |
| Taxes, other than income taxes | 857 | 801 | 2,448 | 2,282 |
| TOTAL OPERATING EXPENSES | 3,230 | 3,149 | 9,364 | 9,340 |
| Gain (Loss) on sale of the Clean Energy Businesses | — | (1) | (30) | 866 |
| OPERATING INCOME | 862 | 722 | 2,193 | 2,745 |
| OTHER INCOME (DEDUCTIONS) | ||||
| Investment income | 17 | 8 | 46 | 23 |
| Other income | 157 | 210 | 476 | 625 |
| Allowance for equity funds used during construction | 8 | 7 | 29 | 20 |
| Other deductions | (17) | (18) | (44) | (57) |
| TOTAL OTHER INCOME | 165 | 207 | 507 | 611 |
| INCOME BEFORE INTEREST AND INCOME TAX EXPENSE | 1,027 | 929 | 2,700 | 3,356 |
| INTEREST EXPENSE (INCOME) | ||||
| Interest on long-term debt | 275 | 234 | 797 | 719 |
| Other interest expense | 47 | 39 | 131 | 78 |
| Allowance for borrowed funds used during construction | (16) | (14) | (45) | (39) |
| NET INTEREST EXPENSE | 306 | 259 | 883 | 758 |
| INCOME BEFORE INCOME TAX EXPENSE | 721 | 670 | 1,817 | 2,598 |
| INCOME TAX EXPENSE | 133 | 144 | 307 | 416 |
| NET INCOME | 588 | 526 | 1,510 | 2,182 |
| Loss attributable to non-controlling interest | — | — | — | (3) |
| NET INCOME FOR COMMON STOCK | $588 | $526 | $1,510 | $2,185 |
| Net income per common share—basic | $1.70 | $1.53 | $4.37 | $6.27 |
| Net income per common share—diluted | $1.69 | $1.52 | $4.35 | $6.24 |
| AVERAGE NUMBER OF SHARES OUTSTANDING—BASIC (IN MILLIONS) | 346.2 | 345.0 | 345.9 | 348.4 |
| AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (IN MILLIONS) | 347.5 | 346.5 | 347.2 | 349.9 |
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