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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1895391,9557711,28278
Cash and cash equivalents1,1895391,9557711,28278
Restricted cash and investments 612 163
Receivables2,4062,0201,6632,0402,1922,095
Prepaid expense4701,110326833264913
Derivative instruments and hedges, assets52626814459256
Regulatory asset281180190251305282
Disposal group, including discontinued operation1631631611627,162 
Other current assets124119133137176288
Other undisclosed current assets1,8521,7401,7061,5281,5321,658
Total current assets:6,5375,9396,2035,86812,9725,733
Noncurrent Assets
Property, plant and equipment49,60848,53547,92747,29046,76650,392
Long-term investments and receivables999933942905841805
Long-term investments999933942905841805
Other noncurrent assets9,1878,9988,6998,7418,4868,833
Total noncurrent assets:59,79458,46657,56856,93656,09360,030
TOTAL ASSETS:66,33164,40563,77162,80469,06565,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1431,7981,8372,0942,3262,563
Interest and dividends payable✕✕✕✕✕✕277
Taxes payable✕✕✕✕✕✕94
Employee-related liabilities✕✕✕✕✕✕117
Accounts payable1,7751,3061,3201,3631,9551,587
Accrued liabilities368492517731371488
Debt2,5402,5302,6021,4721,4022,814
Derivative instruments and hedges, liabilities19386851314270
Regulatory liability145189154278374568
Disposal group, including discontinued operation767675743,610 
Other liabilities411417388374444464
Other undisclosed current liabilities9549549314723,138411
Total current liabilities:6,4626,0506,0724,89511,3366,890
Noncurrent Liabilities
Long-term debt and lease obligation 20,65220,65020,64722,43923,124
Long-term debt, excluding current maturities 20,65020,64820,64522,43922,350
Finance lease, liability  222 2
Liabilities, other than long-term debt, including:16,7848,0938,1398,29616,6936,950
Asset retirement obligations522513508504500591
Liability, pension and other postretirement and postemployment benefits592638653651577688
Accrued environmental loss contingencies1,118996994994997923
Regulatory liability5,3285,4015,4815,5376,0274,717
Operating lease, liability429477472474476772
Derivative instruments and hedges, liabilities12168311361331
Other undisclosed liabilities, other than long-term debt 8,674   8,103 
Other undisclosed noncurrent liabilities21,9278,5328,1058,123(2,292)7,823
Total noncurrent liabilities:38,71137,27736,89437,06636,84037,897
Total liabilities:45,17343,32742,96641,96148,17644,787
Equity
Equity, attributable to parent, including:21,15821,07820,80520,84320,68720,748
Accumulated other comprehensive income 22   22 
Other undisclosed equity, attributable to parent21,13621,07820,80520,84320,66520,748
Equity, attributable to noncontrolling interest     202228
Total equity:21,15821,07820,80520,84320,88920,976
TOTAL LIABILITIES AND EQUITY:66,33164,40563,77162,80469,06565,763

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues3,4443,8722,9444,4034,0314,165
Gross profit:3,4443,8722,9444,4034,0314,165
Operating expenses(2,992)(3,149)(2,673)(3,519)(3,481)(3,276)
Other undisclosed operating income (loss)(1)(1)13855  
Operating income:4517222841,739550889
Nonoperating income2192072071965789
Investment income, nonoperating3988855
Other nonoperating expense(35)(18)(17)(22)(58)(21)
Interest and debt expense(265)(259)(236)(262)(266)(199)
Income from continuing operations before income taxes:4056702551,673341779
Income tax expense(71)(144)(29)(243)(168)(160)
Income from continuing operations:3345262261,430173619
Income before gain (loss) on sale of properties:✕✕✕✕✕✕619
Net income:3345262261,430173619
Net income (loss) attributable to noncontrolling interest    317(6)
Net income available to common stockholders, diluted:3345262261,433190613

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:3345262261,430173619
Other comprehensive income (loss)  (1)4111
Comprehensive income:3345262251,434184620
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    317(6)
Other undisclosed comprehensive loss, net of tax, attributable to parent (3)     
Comprehensive income, net of tax, attributable to parent:3315262251,437201614

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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