Edison International (EIX) financial statements
Edison International reported revenue of $19.3B in fiscal 2025, up 5.6% a year over 9 years.
Net income was $4.5B and the operating margin 36.7%, against 17.4% in 2016.
Free cash flow was -$715M, and the company returned $1.3B in dividends and $32M in net buybacks.
The diluted share count rose 17% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Edison International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9B | $12.3B | $12.7B | $12.3B | $13.6B | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| Operating income | $2.1B | $1.5B | -$552M | $1.8B | $1.2B | $1.5B | $1.5B | $2.6B | $2.9B | $7.1B |
| Interest expense | $581M | $639M | $734M | $841M | $902M | $925M | $1.2B | $1.6B | $1.9B | $1.5B |
| Pre-tax income | — | $949M | -$1.1B | $1.1B | $566M | $789M | $662M | $1.5B | $1.6B | $6.0B |
| Income tax | $177M | $281M | -$739M | -$278M | -$305M | -$136M | -$162M | $108M | $17M | $1.3B |
| Net income | $1.3B | $565M | -$423M | $1.3B | $739M | $759M | $612M | $1.2B | $1.3B | $4.5B |
| EPS (diluted) | $3.97 | $1.72 | -$1.30 | $3.77 | $1.98 | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 |
| Diluted shares | 330M | 328M | 326M | 341M | 374M | 380M | 383M | 385M | 388M | 386M |
| Operating margin | 17.4% | 11.8% | -4.4% | 14.4% | 9.0% | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% |
| Net margin | 11.0% | 4.6% | -3.3% | 10.4% | 5.4% | 5.1% | 3.6% | 7.3% | 7.3% | 23.1% |
Balance sheet
Fiscal years, from Edison International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $96M | $1.1B | $144M | $68M | $87M | $390M | $914M | $345M | $193M | $158M |
| Receivables | $714M | $717M | $730M | $788M | $1.1B | $1.4B | $1.7B | $2.0B | $2.2B | $1.5B |
| Inventory | $239M | $242M | $282M | $364M | $405M | $420M | $474M | $527M | $538M | $535M |
| Total current assets | $2.1B | $3.7B | $3.4B | $3.6B | $5.1B | $5.5B | $7.1B | $6.8B | $7.2B | $7.7B |
| Property, plant and equipment | $37.0B | $39.0B | $41.3B | $44.3B | $47.8B | $50.7B | $53.5B | $56.1B | $59.3B | $63.3B |
| Total assets | $51.3B | $52.6B | $56.7B | $64.4B | $69.4B | $74.7B | $78.0B | $81.8B | $85.6B | $94.0B |
| Total current liabilities | $5.9B | $7.1B | $5.4B | $5.5B | $10.3B | $8.6B | $10.3B | $8.6B | $8.4B | $10.5B |
| Long-term debt | $10.2B | $11.6B | $14.6B | $17.9B | $19.6B | $24.2B | $27.0B | $30.3B | $33.5B | $36.1B |
| Total liabilities | $37.1B | $38.7B | $44.1B | $48.9B | $53.4B | $57.0B | $60.5B | $63.8B | $67.8B | $74.8B |
| Shareholders' equity | $14.2B | $13.9B | $12.7B | $15.5B | $14.0B | $15.9B | $15.6B | $15.5B | $15.6B | $17.6B |
| Net debt | $11.1B | $11.0B | $14.6B | $18.3B | $20.6B | $24.9B | $28.7B | $32.7B | $35.4B | $37.8B |
Cash flow
Fiscal years, from Edison International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.3B | $3.6B | $3.2B | -$307M | $1.3B | $11M | $3.2B | $3.4B | $5.0B | $5.8B |
| Capital spending | $3.7B | $3.8B | $4.5B | $4.9B | $5.5B | $5.5B | $5.8B | $5.4B | $5.7B | $6.5B |
| Free cash flow | -$495M | -$247M | -$1.3B | -$5.2B | -$4.2B | -$5.5B | -$2.6B | -$2.0B | -$693M | -$715M |
| Stock-based compensation | $34M | $23M | $21M | $29M | $29M | $39M | $42M | $46M | $57M | $57M |
| Dividends paid | $626M | $707M | $788M | $810M | $928M | $988M | $1.1B | $1.1B | $1.2B | $1.3B |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $0 | -$200M | -$32M |
| Net borrowing | $788M | $2.0B | $972M | $3.4B | $2.3B | $4.1B | $4.6B | $3.7B | $2.9B | $2.7B |
| Free cash flow margin | -4.2% | -2.0% | -10.5% | -42.0% | -31.1% | -36.9% | -14.9% | -12.5% | -3.9% | -3.7% |
| Dividends per share | $1.90 | $2.16 | $2.42 | $2.38 | $2.48 | $2.60 | $2.74 | $2.89 | $3.09 | $3.30 |
Questions
What was Edison International's revenue in 2025?
$19.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Edison International generate?
-$715M in fiscal 2025 (operating cash flow minus capital spending).
From Edison International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.