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v3.25.2

Condensed Consolidated Statements of Income - SCE - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Operating revenue | $ 4,543 | $ 4,336 | $ 8,354 | $ 8,414
Purchased power and fuel | 1,157 | 1,234 | 2,204 | 2,242
Operation and maintenance | 1,580 | 1,285 | 2,563 | 2,602
Wildfire-related claims, net of (recoveries) | 0 | 0 | (1,305) | 615
Wildfire Insurance Fund expense | 36 | 37 | 72 | 73
Depreciation and amortization | 826 | 726 | 1,568 | 1,428
Property and other taxes | 168 | 154 | 334 | 309
Other | 1 | 0 | 9 | 0
Total operating expenses | 3,768 | 3,436 | 5,445 | 7,269
Operating income | 775 | 900 | 2,909 | 1,145
Interest expense | (504) | (480) | (805) | (924)
Other income, net | 113 | 148 | 220 | 286
Income before income taxes | 384 | 568 | 2,324 | 507
Income tax (benefit) expense | (14) | 59 | 434 | (54)
Net income | 343 | 439 | 1,779 | 428
Income available to common shareholders | 343 | 439 | 1,778 | 428
SCE |  |  |  |
Operating revenue | 4,532 | 4,324 | 8,334 | 8,388
Purchased power and fuel | 1,157 | 1,234 | 2,204 | 2,242
Operation and maintenance | 1,553 | 1,258 | 2,515 | 2,549
Wildfire-related claims, net of (recoveries) | 0 | 0 | (1,355) | 614
Wildfire Insurance Fund expense | 36 | 37 | 72 | 73
Depreciation and amortization | 825 | 725 | 1,566 | 1,426
Property and other taxes | 167 | 154 | 332 | 307
Other | 0 | 0 | 8 | 0
Total operating expenses | 3,738 | 3,408 | 5,342 | 7,211
Operating income | 794 | 916 | 2,992 | 1,177
Interest expense | (421) | (408) | (641) | (782)
Other income, net | 117 | 147 | 228 | 282
Income before income taxes | 490 | 655 | 2,579 | 677
Income tax (benefit) expense | 14 | 83 | 502 | (1)
Net income | 476 | 572 | 2,077 | 678
Less: Preference stock dividend requirements | 33 | 49 | 67 | 90
Income available to common shareholders | $ 443 | $ 523 | $ 2,010 | $ 588

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