Consolidated Edison, Inc. (ED) Financial Statements (2024 and earlier)

Company Profile

Business Address 4 IRVING PLACE
NEW YORK, NY 10003
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 4931 - Electric and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2829921,272981895797
Cash and cash equivalents1,2829921,272981895797
Restricted cash and investments  15416423611147
Receivables2,1921,9341,7201,2521,3111,159
Prepaid expense264295271260187178
Derivative instruments and hedges, assets59     
Regulatory asset3052062661287667
Disposal group, including discontinued operation7,162     
Other current assets176361231200122189
Costs in excess of billings✕✕✕✕✕✕598
Other undisclosed current assets1,5321,6091,3771,2151,162502
Total current assets:12,9725,5515,3014,2723,8643,537
Noncurrent Assets
Property, plant and equipment46,76648,59646,55543,88941,74937,600
Long-term investments and receivables8418531,8162,0651,7662,001
Long-term investments8418531,8162,0651,7662,001
Other noncurrent assets8,4868,1169,2237,8536,5414,973
Total noncurrent assets:56,09357,56557,59453,80750,05644,574
TOTAL ASSETS:69,06563,11662,89558,07953,92048,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3261,8651,8821,4951,4861,642
Interest and dividends payable✕✕151149153129143
Taxes payable✕✕1041507661108
Employee-related liabilities✕✕113108102109105
Accounts payable1,9551,4971,4751,1641,1871,286
Accrued liabilities371     
Debt1,4021,9283,8383,2031,4751,875
Derivative instruments and hedges, liabilities421522381235017
Regulatory liability37418536102114101
Disposal group, including discontinued operation3,610     
Other liabilities444461426371363386
Customer advances and deposits✕✕✕✕✕✕346
Other undisclosed current liabilities3,1388369349932,719535
Total current liabilities:11,3365,4277,3546,2876,2074,902
Noncurrent Liabilities
Long-term debt and lease obligation 22,43923,32121,146809  
Long-term debt, excluding current maturities 22,43922,60420,382   
Liabilities, other than long-term debt, including:16,69314,74916,0947,6077,1147,405
Deferred revenue and credits✕✕✕✕✕✕296
Asset retirement obligations500577576425450314
Liability, pension and other postretirement and postemployment benefits5777372,2571,5161,2281,443
Accrued environmental loss contingencies997940857734779737
Regulatory liability6,0274,3814,5134,8274,6414,577
Operating lease, liability476717764809✕✕
Derivative instruments and hedges, liabilities13842401051638
Other undisclosed liabilities, other than long-term debt8,1038,0307,651   
Other undisclosed noncurrent liabilities(2,292)(717)(764)6,6366,2655,648
Total noncurrent liabilities:36,84037,35336,47615,05213,37913,053
Other undisclosed liabilities    18,52717,49514,731
Total liabilities:48,17642,78043,83039,86637,08132,686
Equity
Equity, attributable to parent, including:20,68720,03718,84718,02216,72615,418
Accumulated other comprehensive income (loss)225(25)(19)(16)(26)
Other undisclosed equity, attributable to parent20,66520,03218,87218,04116,74215,444
Equity, attributable to noncontrolling interest 2022992181911137
Total equity:20,88920,33619,06518,21316,83915,425
TOTAL LIABILITIES AND EQUITY:69,06563,11662,89558,07953,92048,111

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15,67013,67612,24612,57412,33712,033
Revenue, net✕✕✕✕✕✕12,033
Cost of revenue
(Cost of Goods and Services Sold)		      (3,606)
Gross profit:15,67013,67612,24612,57412,3378,427
Operating expenses(13,046)(10,850)(9,592)(9,898)(9,804)(9,424)
Other undisclosed operating income    1313,607
Operating income:2,6242,8262,6542,6762,6642,610
Nonoperating income (expense)326(538)(401)51(62)116
Investment income, nonoperating20(420)(214)9611979
Public utilities, allowance for funds used during construction, capitalized cost of equity192117141211
Other nonoperating expense(115)(161)(227)(104)(210)(21)
Interest and debt expense(852)(905)(1,019)(991)(819)(729)
Income from continuing operations before income taxes:2,0981,3831,2341,7361,7831,997
Income tax expense(498)(190)(90)(296)(401)(472)
Income from continuing operations:1,6001,1931,1441,4401,3821,525
Income before gain (loss) on sale of properties:✕✕1,1931,1441,4401,3821,525
Net income:1,6001,1931,1441,4401,3821,525
Net income (loss) attributable to noncontrolling interest60153(43)(97)  
Net income available to common stockholders, diluted:1,6601,3461,1011,3431,3821,525

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,6001,1931,1441,4401,3821,525
Other comprehensive income (loss) 1730(6)(3)101
Comprehensive income:1,6171,2231,1381,4371,3921,526
Comprehensive income (loss), net of tax, attributable to noncontrolling interest60153(43)(97)  
Comprehensive income, net of tax, attributable to parent:1,6771,3761,0951,3401,3921,526

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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