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Edison International (EIX) FY2024 results: revenue $17.6 billion, up 7.7% on the year

Edison International (EIX) reported revenue of $17.6 billion for fiscal 2024, the year ended 31 December 2024, up 7.7% on the year before. Net income was $1.3 billion, up 7.3%, and diluted earnings per share $3.31. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$17.6 billion
+7.7% on the year
FY2017FY2024
Operating margin
16.6%
16.1% a year earlier
FY2017FY2024
Net income
$1.3 billion
+7.3% on the year
FY2017FY2024
Diluted EPS
$3.31
+6.4% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue17,59916,33817,220+7.7%
Operating income2,9302,6271,483+11.5%
Operating margin16.6%16.1%8.6%
Interest expense1,8691,6121,169+15.9%
Pre-tax income1,5631,515662+3.2%
Income tax17.0108-162-84.3%
Effective tax rate1.1%7.1%-24.5%
Net income1,2841,197612+7.3%
Net margin7.3%7.3%3.6%
Diluted EPS$3.31$3.11$1.60+6.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow5,0143,4013,216+47.4%
Capital expenditure5,7075,4485,778+4.8%
Free cash flow-693-2,047-2,562
Free cash flow margin-3.9%-12.5%-14.9%
Cash from investing-5,536-5,233-5,574
Cash from financing6741,4472,881-53.4%
Depreciation and amortisation2,8662,6352,633+8.8%
Share-based compensation57.046.042.0+23.9%
Buybacks2000.00.0
Dividends paid1,1981,1121,050+7.7%
Dividend per share$3.17$2.99$2.84+5.8%
Diluted shares, weighted388m385m383m+0.8%
Shares outstanding at period end385m384m382m+0.2%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity15,56515,50115,621+0.4%
Non-controlling interest2,1752,4431,901-11.0%
Debt36,58134,09031,654+7.3%
Operating lease liabilities1,0561,101936-4.1%
Other liabilities30,20228,62327,929+5.5%
Total liabilities and equity85,57981,75878,041+4.7%
Fixed assets59,25456,08453,486+5.7%
Investments4,3434,2275.0+2.7%
Cash and equivalents193345914-44.1%
Receivables2,1692,0161,695+7.6%
Inventory538527474+2.1%
Other assets19,08218,55921,467+2.8%
Total assets85,57981,75878,041+4.7%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.