Edison Pharmaceuticals: Edison International : 2024 Financial and Statistical Report

EDISON INTERNATIONAL (EIX) Corporate Structure and Profiles Financial Highlights Dividend History Preference and Preferred Stock Five-Year Long-Term Debt Maturities Consolidated Long-Term Debt Cautionary Statement SOUTHERN CALIFORNIA EDISON (SCE) 1 SCE Business Highlights 7 2 SCE Customers 7 2 SCE Kilowatt-Hour Sales 7 3 SCE Operating Revenue by Class of Service 8 3 SCE 2024 Authorized Rates of Return and Capital Structure 8 4-5 SCE Operating and Financial Ratios 8 CPUC Ratemaking Capital Structure Adjustments 9 SCE Operating Statistics 10 SCE Detail of Utility Plant - Net 11 SCE H istorical Capital Expenditures by Jurisdiction 11 SCE Historical Rate Base by Jurisdiction 11 SCE Historical Authorized Return on Equity by Jurisdiction 11 GENERAL INFORMATION California Public Utilities Commission (CPUC) 12 Federal Energy Regulatory Commission (FERC) 12 Investor Relations Contact Information 13 This Financial and Statistical Report and the statements and statistics contained herein have been assembled for informative purposes and are not intended to induce, or for use in connection with, any sale or purchase of securities. Under no circumstances is this report or any part of its contents to be considered a prospectus, or an offer to sell, or the solicitation of an offer to buy, any securities. Readers are urged to read this entire Financial & Statistical Report, including the information incorporated by reference, as well as the 2024 Annual Report on Form 10-K filed by Edison International with the U.S. Securities & Exchange Commission and its other SEC filings. These reports are available on our website: www.edisoninvestor.com . These filings also provide additional information on historical and other factual data contained in this report. Edison International Corporate Structure Note: Simplified Presentation Corporate Profiles Edison International Edison International was incorporated in 1987 as the parent holding company of SCE, a California public utility incorporated in 1909 with roots dating to 1886. Edison International also owns Trio. Southern California Edison Southern California Edison (SCE) is an investor-owned public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central and Coastal California. Trio Trio is a global energy advisory firm providing integrated sustainability and energy solutions to commercial, industrial and institutional customers. Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings (loss) internally for financial planning and for analysis of performance. Core earnings (loss) are also used when communicating with investors and analysts regarding Edison International's earnings results to facilitate comparisons of the company's performance from period to period. Core earnings (loss) are a non-GAAP financial measure and may not be comparable to those of other companies. Core earnings (loss) are defined as earnings attributable to Edison International shareholders less non-core items. Non-core items include income or loss from discontinued operations and income or loss from significant discrete items that management does not consider representative of ongoing earnings, such as write downs, asset impairments, wildfire-related claims, and other income and expense related to changes in law, outcomes in tax, regulatory or legal proceedings, and exit activities, including sale of certain assets and other activities that are no longer continuing. Financial Highlights Year Ended December 31, 2024 2023 2022 2021 2020 Earnings (loss) per share to Edison International Southern California Edison $ Edison International Parent and Other 4.20 $ (0.87) 3.84 $ (0.72) 2.23 $ (0.62) 2.18 $ 2.17 (0.18) (0.19) Edison International $ 3.33 $ 3.12 $ 1.61 $ 2.00 $ 1.98 Less: Non-core items Southern California Edison: 2017/2018 Wildfire/Mudslide Events claims and expenses, net of recoveries Other Wildfire Events claims and expenses, net of recoveries Wildfire Insurance Fund expense Severance costs, net of recovery 2021 NDCTP disallowance (1.28) (0.42) (0.38) (0.13) (1.65) (3.27) (3.25) (3.35) (0.09) - (0.56) (0.56) - (0.57) - (0.90) - Customer cancellations of certain ECS data services Employment litigation matter, net of recoveries Upstream lighting program decision Impairments - - - - Organizational realignment charge Sale of San Onofre nuclear fuel - - Income tax benefits from re-measurement of tax assets and liabilities Income tax benefits 1 - 0.62 - (0.08) (0.04) 0.03 - - - - - 0.66 - - - (0.06) (0.21) - - - - - (0.16) (0.21) (0.04) - - - - - - - - 0.03 0.03 0.40 - 1.17 - 0.05 1.06 1.08 Edison International Parent and Other: Customer revenues for EIS insurance contract, net of claims Sale of Vidalia lease (0.01) - Goodwill impairment - Income tax benefits from Settlement of 2007 - 2012 California tax audits Income tax expense from re-measurement of tax liabilities - - 0.11 - - - - 0.09 - - - - 0.06 - - 0.35 - (0.09) 0.30 - - (0.01) Income tax (expense) benefit 2 - (0.02) (0.01) (0.01) (0.07) Total non-core items $ (1.60) $ (1.64) $ (3.02) $ (2.59) $ (2.54) Core earnings (losses) 3 Southern California Edison Edison International Parent and Other Edison International $ Weighted Average Shares Outstanding (millions) 5.79 (0.86) 4.93 $ 385.6 5.57 (0.81) 5.33 (0.70) 5.12 4.89 (0.53) (0.37) 4.76 $ 383.2 4.63 $ 381.4 4.59 $ 4.52 379.7 372.7 1. SCE non-core items are tax - effected at an estimated statutory rate of approximately 28%. 2. Edison International Parent and Other non-core items are tax-effected at an estimated statutory rate of approximately 28%; customer revenues for EIS insurance contract, net of claims are tax-effected at the federal statutory rate of 21%. 3. See disclaimer on page 1 on use of non-GAAP financial measures. Dividend History 1 Twenty-One Years of Dividend Growth ($ per share) 1.42 $ 1. 2025 dividend annualized based on December 12, 2024 declaration . 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 $ 3.31 $ 3.12 $ 2.95 $ 2.80 $ 2.65 $ 2.55 $ 2.45 $ 2.42 $ 2.17 $ 1.92 $ 1.67 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 $ 1.35 $ 1.30 $ 1.28 $ 1.26 $ 1.24 $ 1.22 $ 1.16 $ 1.08 $ 1.00 $ 0.80 Preference and Preferred Stock Redemption Dividend Callable on Shares Price Per (in millions except shares and per-share amounts) Rate or After Outstanding Share As of December 31, 2024 2023 Southern California Edison preference stock: No par value: Series E (cumulative) 1 SOFR + 4.199% 2/1/2022 - $ 1,000 $ - $ 350 Series G (cumulative) 2 Series H (cumulative) 3 5.100% 3/15/2018 SOFR + 2.990% 3/15/2024 88,004 - 2,500 220 220 2,500 - 275 Series J (cumulative) 4 5.375% 9/15/2025 130,004 2,500 325 325 Series K (cumulative) 5 5.450% 3/15/2026 120,004 2,500 300 300 Series L (cumulative) 6 5.000% 6/26/2022 190,004 2,500 475 475 Series M (cumulative) 7 7.500% 11/22/2028 220,004 2,500 550 550 Series N (cumulative) 8 6.950% 5/13/2029 140,004 2,500 350 - Less: issuance costs (45) (52) Edison International preference stock of utility $ 2,175 $ 2,443 Edison International Parent preferred stock: No par value: Series A (cumulative) 9 Series B (cumulative) 9 Less: issuance costs 5.375% 3/9/2026 5.000% 12/15/2026 1,159,317 $ 503,454 1,000 1,000 $ 1,159 $ 1,159 503 532 (18) (18) Edison International Parent preferred stock $ 1,645 $ 1,673 Total preferred and preference stock $ 3,820 $ 4,116 1. Prior to February 1, 2022, accrued and paid dividends at a rate of 6.25%. Distributions accrued and were paid at a floating rate of 3-month adjusted SOFR plus 4.199% from and including February 1, 2022 through redemption on June 6, 2024. 2. The Series G preference shares were issued to SCE Trust II which issued 5.10% trust preference securities (8,800,000 shares at a liquidation amount of $25 per share) to investors. 3. Prior to March 15, 2024, accrued and paid dividends at a rate of 5.75%. Distributions accrued and were paid at a floating rate of 3-month adjusted SOFR plus 2.990% from and including March 15, 2024 through redemption on November 29, 2024. 4. The Series J preference shares were issued to SCE Trust IV which issued 5.375% trust preference securities (13,000,000 shares at a liquidation amount of $25 per share) to investors. 5. The Series K preference shares were issued to SCE Trust V which issued 5.45% trust preference securities (12,000,000 shares at a liquidation amount of $25 per share) to investors. 6. The Series L preference shares were issued to SCE Trust VI which issued 5.00% trust preference securities (19,000,000 shares at a liquidation amount of $25 per share) to investors. 7. The Series M preference shares were issued to SCE Trust VII which issued 7.50% trust preference securities (22,000,000 shares at a liquidation amount of $25 per share) to investors. 8. The Series N preference shares were issued to SCE Trust VIII which issued 6.950% trust preference securities (14,000,000 shares at a liquidation amount of $25 per share) to investors. 9. Callable during specific periods preceding each reset date as defined in each security's respective prospectus. Note: Numbers may not add due to rounding. Five-Year Long-Term Debt Maturities 1 (in millions) 2025 2026 2027 2028 2029 Edison International 2,3 $ 2,049 $ 1,900 $ 2,501 $ 2,942 $ 3,363 Southern California Edison 3 $ 1,249 $ 1,900 $ 1,901 $ 1,792 $ 2,313 1. As of December 31, 2024. 2. Edison International includes Southern California Edison. 3. Includes amortization of senior secured recovery bonds. Consolidated Long-Term Debt (in millions) Series As of December 31, Due Date Interest Rate 2024 2023 Southern California Edison Long-term debt: First and refunding mortgage bonds Series 2004B Series 2004G Series 2005B Series 2005E Series 2006A Series 2006E Series 2008A Series 2009A Series 2010A Series 2010B Series 2011E Series 2012A Series 2013A Series 201