EDC Balance Sheet - Consolidated Edison Inc

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Price: 106.24 EUR Market Closed

Market Cap: €36.7B

Financial profile · Q2 FY2026

A regulated, capital-intensive utility with steady earnings and recurring external financing needs

Consolidated Edison combines regulated, rate-based earnings with moderate revenue growth and relatively stable operating economics. Its recurring utility infrastructure spending absorbs much of operating cash flow, making debt and equity issuance an ordinary part of funding.

What is developing

The latest results reinforce the established utility pattern: quarterly free cash flow was positive, but TTM free cash flow remained negative as operating cash flow lagged recurring capital spending. This is a meaningful cash-conversion development, but not yet an earnings-model inflection because rate-base growth and regulated cost recovery continued to support operating results.

What matters next

Whether TTM operating cash flow recovers above the recurring capital-spending base without heavier external issuance.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	776m	797m	895m	981m	1.3B	992m	1.3B	1.2B	1.3B	1.6B
Cash Equivalents	776m	797m	895m	981m	1.3B	992m	1.3B	1.2B	1.3B	1.6B
Total Receivables	1.4B	1.3B	1.6B	1.5B	2.1B	2.4B	2.5B	3.1B	3.1B	3B
Accounts Receivables	1.1B	1.1B	1.3B	1.2B	1.7B	1.9B	2.2B	2.4B	2.4B	2.6B
Other Receivables	274m	224m	334m	280m	441m	501m	338m	648m	639m	456m
Inventory	339m	334m	358m	352m	356m	437m	492m	469m	485m	530m
Other Current Assets	911m	1.1B	1B	1.4B	1.5B	1.7B	8.7B	1.8B	1.8B	1.6B
Total Current Assets	3.4B	3.5B	3.9B	4.3B	5.3B	5.6B	13B	6.5B	6.7B	6.8B
PP&E Net	35.2B	37.6B	41.7B	44.7B	47.4B	49.4B	47.3B	50.1B	52.7B	55.9B
PP&E Gross	35.2B	37.6B	41.7B	44.7B	47.4B	49.4B	47.3B	50.1B	52.7B	55.9B
Accumulated Depreciation	(140m)	(201m)	(275m)	(391m)	(522m)	(626m)	(23m)	(24m)	(25m)	(25m)
Intangible Assets	124m	131m	1.7B	1.6B	1.5B	1.3B	0	—	—	—
Goodwill	428m	428m	440m	446m	446m	439m	408m	408m	408m	406m
Long-Term Investments	1.6B	1.6B	1.4B	1.6B	1.3B	226m	289m	376m	427m	468m
Other Long-Term Assets	7.5B	4.8B	4.8B	5.5B	7B	6.2B	8.1B	8.9B	10.4B	11.1B
Other Assets	428m	428m	440m	446m	446m	439m	408m	408m	408m	406m
Total Assets	48.3B	48.1B	53.9B	58.1B	62.9B	63.1B	69.1B	66.3B	70.6B	74.6B
Accounts Payable	1.1B	1.3B	1.2B	1.2B	1.5B	1.5B	2B	1.8B	1.7B	1.9B
Accrued Liabilities	251m	248m	238m	320m	353m	377m	372m	411m	444m	486m
Short-Term Debt	1.1B	577m	2.6B	1.7B	1.9B	1.5B	3B	2.3B	2.7B	2.1B
Current Portion of Long-Term Debt	39m	1.3B	650m	1.4B	2B	440m	649m	251m	1m	251m
Other Current Liabilities	1.4B	1.5B	1.6B	1.7B	1.7B	1.6B	5.3B	1.7B	1.6B	1.9B
Deferred Revenue	352m	346m	351m	346m	311m	300m	358m	396m	412m	498m
Total Current Liabilities	3.8B	4.9B	6.2B	6.3B	7.4B	5.4B	11.3B	6.5B	6.4B	6.6B
Long-Term Debt	14.7B	14.7B	17.5B	18.5B	20.4B	22.6B	20.1B	21.9B	24.7B	25.6B
Deferred Income Tax	10.2B	5.5B	5.8B	6.2B	6.5B	6.9B	7.6B	8.1B	8.9B	9.6B
Minority Interest	8m	7m	113m	191m	218m	299m	202m	0	—	—
Other Liabilities	5.2B	7.6B	7.6B	8.8B	9.6B	7.9B	9.1B	8.7B	8.6B	8.6B
Total Liabilities	34B	32.7B	37.2B	40.1B	44B	43.1B	48.4B	45.2B	48.6B	50.4B
Common Stock	33m	34m	34m	35m	36m	37m	37m	37m	38m	39m
Retained Earnings	9.6B	10.2B	10.7B	11.1B	11.2B	11.4B	12B	13.4B	14B	14.9B
Additional Paid In Capital	5.9B	6.3B	7.1B	8.1B	8.8B	9.7B	9.8B	9.9B	10B	11.4B
Treasury Stock	(1B)	(1B)	(1B)	(1B)	(1B)	(1B)	(1B)	(2B)	(2B)	(2B)
Other Equity	(110m)	(111m)	(115m)	(129m)	(137m)	(117m)	(100m)	(100m)	(93m)	(125m)
Total Equity	14.3B	15.4B	16.7B	18B	18.8B	20B	20.7B	21.2B	22B	24.2B
Total Liabilities & Equity	48.3B	48.1B	53.9B	58.1B	62.9B	63.1B	69.1B	66.3B	70.6B	74.6B
Common Shares Outstanding	305m	310m	321m	333m	342m	354m	355m	345m	347m	361m