Edison International (EIX) 10-K Summary — Year Ended Dec 31, 2023
Edison International reported a decline in annual revenue for the current period compared to the previous year. Operating income, net income, and operating cash flow remained positive, reflecting the company's core utility operations.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Edison International reported a decline in annual revenue for the current period compared to the previous year. Operating income, net income, and operating cash flow remained positive, reflecting the company's core utility operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16.3B
Revenue reported for the fiscal year.
Operating income
$2.6B
Income from operations reported for the year.
Net income
$1.2B
Net income reported for the year.
Operating cash flow
$3.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $14.9B | n/a |
| Dec 31, 2022 | $17.2B | +15.5% |
| Dec 31, 2023 | $16.3B | -5.1% |
Business overview
Edison International is a holding company that owns Southern California Edison, a regulated electric utility serving customers in California. The company's business involves electricity generation, transmission, and distribution, and is subject to extensive regulatory oversight.
Financial performance
Total revenue decreased compared to the prior year, while operating income and net income were reported at levels that indicate sustained profitability. Operating cash flow was strong, supporting the company's financial flexibility.
Material risks
Key risks include regulatory and legislative changes, operational hazards such as wildfires, financing and market conditions, cybersecurity threats, and broader economic or geopolitical factors. These risks could materially affect the company's financial condition and results.
Liquidity and capital
The company's liquidity is supported by available credit facilities and cash flows from operations. Capital allocation priorities include funding a multi-year capital investment plan, addressing wildfire-related liabilities, and managing regulatory proceedings.
What to watch
The outcome of the pending general rate case, which could affect future revenue and earnings, should be monitored in the next filing.