financial statements

The full income statement, balance sheet, and cash-flow statement for Consolidated Edison Inc. (ED), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	17.0B YoY+10.2%	15.5B YoY+6.9%	14.5B YoY-6.3%	15.5B YoY+14.9%	13.5B YoY+11.9%
	14.0B YoY+11.7%	12.5B YoY+1.6%	12.3B YoY-5.5%	13.0B YoY+20.2%	10.8B YoY+13.1%
Research & development	—	—	—	27.0M YoY+8.0%	25.0M YoY+4.2%
Amortization of intangibles	—	—	—	71.0M YoY-25.3%	95.0M YoY-6.9%
Provision for credit losses	—	—	38.0M YoY+660.0%	5.00M YoY-97.0%	169M YoY+116.7%
Operating income	2.94B YoY+9.9%	2.67B YoY-16.5%	3.20B YoY+21.8%	2.62B YoY-7.1%	2.83B YoY+6.5%
Interest expense	1.23B YoY+3.9%	1.19B YoY+16.0%	1.02B YoY+20.1%	852M YoY-5.9%	905M YoY-11.2%
Other non-operating income	895M YoY+36.6%	655M YoY-21.1%	830M YoY+154.6%	326M YoY+160.6%	-538M YoY-34.2%
Pre-tax income	2.60B YoY+21.5%	2.14B YoY-28.8%	3.00B YoY+43.1%	2.10B YoY+51.7%	1.38B YoY+12.1%
Income tax	574M YoY+80.5%	318M YoY-34.7%	487M YoY-2.2%	498M YoY+162.1%	190M YoY+111.1%
	2.02M YoY+11.2%	1.82M YoY-27.7%	2.52M YoY+51.7%	1.66M YoY+23.3%	1.35M YoY-99.9%
Net income to non-controlling interest	0.00	0.00 YoY+100.0%	-3.00M YoY+95.0%	-60.0M YoY+60.8%	-153M YoY-455.8%
	$5.64 YoY+7.6%	$5.24 YoY-27.3%	$7.21 YoY+54.7%	$4.66 YoY+21.0%	$3.85 YoY+17.4%
EPS (basic)	$5.66 YoY+7.6%	$5.26 YoY-27.4%	$7.25 YoY+54.9%	$4.68 YoY+21.2%	$3.86 YoY+17.3%
Weighted-avg shares (basic)	357M YoY+3.3%	346M YoY-0.5%	348M YoY-1.9%	355M YoY+1.8%	348M YoY+4.1%
Weighted-avg shares (diluted)	359M YoY+3.3%	347M YoY-0.6%	349M YoY-1.8%	356M YoY+1.8%	349M YoY+4.1%
Dividends per share	—	$3.32 YoY+2.5%	$3.24 YoY+2.5%	$3.16	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.75B YoY+1.3%	6.66B YoY+1.9%	6.54B YoY-49.6%	13.0B YoY+133.7%	5.55B YoY+4.7%
Cash & equivalents	1.63B YoY+23.0%	1.32B YoY+11.4%	1.19B YoY-7.3%	1.28B YoY+29.2%	992M YoY-22.0%
Accounts receivable	2.58B YoY+5.9%	2.44B YoY+0.9%	2.42B YoY+10.3%	2.19B YoY+12.8%	1.94B YoY+14.2%
Prepaid expenses	381M YoY-14.4%	445M YoY-5.3%	470M YoY+78.0%	264M YoY-10.5%	295M YoY+8.9%
Other current assets	161M YoY-17.0%	194M YoY+55.2%	125M YoY-29.0%	176M YoY-24.5%	233M YoY+0.9%
	74.6B YoY+5.7%	70.6B YoY+6.4%	66.3B YoY-4.0%	69.1B YoY+9.4%	63.1B YoY+0.4%
Property, plant & equipment	55.4B YoY+6.2%	52.2B YoY+5.2%	49.6B YoY+6.1%	46.8B YoY-3.8%	48.6B YoY+4.4%
Operating lease right-of-use	489M YoY-0.8%	493M YoY-7.5%	533M YoY-6.2%	568M YoY-29.8%	809M YoY-3.3%
Goodwill	406M YoY-0.5%	408M YoY+0.0%	408M YoY+0.0%	408M YoY-7.1%	439M YoY-1.6%
Intangible assets	0.00	0.00	0.00	0.00 YoY-100.0%	1.29B YoY-11.4%
Long-term investments	1.21B YoY+7.7%	1.13B YoY+12.7%	999M YoY+18.8%	841M YoY-1.4%	853M YoY-53.0%
Other non-current assets	11.2B YoY+5.9%	10.6B YoY+15.5%	9.19B YoY+8.3%	8.49B YoY+4.6%	8.12B YoY-12.0%
	6.61B YoY+2.8%	6.43B YoY-0.4%	6.46B YoY-43.0%	11.3B YoY+108.9%	5.43B YoY-26.2%
Accounts payable	1.95B YoY+16.2%	1.68B YoY-5.6%	1.77B YoY-9.2%	1.96B YoY+30.6%	1.50B YoY+1.5%
Deferred revenue	474M YoY+0.0%	474M YoY+0.0%	474M YoY+0.0%	474M YoY+0.0%	474M YoY+0.0%
Short-term & current debt	250M	0.00 YoY-100.0%	251M YoY-75.0%	1.00B YoY+127.7%	440M YoY-77.6%
Current lease liability	123M YoY+4.2%	118M YoY+1.7%	116M YoY+12.6%	103M YoY-8.8%	113M YoY+17.7%
Other current liabilities	544M YoY+13.1%	481M YoY+17.0%	411M YoY-7.4%	444M YoY-3.7%	461M YoY+8.2%
Long-term debt	25.6B YoY+3.4%	24.7B YoY+12.4%	22.0B YoY-2.0%	22.4B YoY-0.7%	22.6B YoY+10.9%
Non-current lease liability	377M YoY-2.3%	386M YoY-10.0%	429M YoY-9.9%	476M YoY-33.6%	717M YoY-6.2%
Other non-current liabilities	120M YoY+0.0%	120M YoY+0.0%	120M YoY+0.0%	120M YoY+0.0%	120M YoY+0.0%
Total non-current liabilities	15.1B YoY+0.0%	15.1B YoY+0.0%	15.1B YoY+0.0%	15.1B YoY+0.0%	15.1B YoY+0.0%
	24.2B YoY+10.1%	22.0B YoY+3.8%	21.2B YoY+2.3%	20.7B YoY+3.2%	20.0B YoY+6.3%
Preferred stock	213M YoY+0.0%	213M YoY+0.0%	213M YoY+0.0%	213M YoY+0.0%	213M YoY+0.0%
Common stock	39.0M YoY+2.6%	38.0M	—	—	—
Additional paid-in capital	11.4B YoY+14.5%	9.99B	—	—	—
Retained earnings	14.9B YoY+5.8%	14.0B	—	—	—
Treasury stock	2.02B YoY+0.0%	2.02B	—	—	—
Accumulated other comprehensive income	15.0M YoY-48.3%	29.0M YoY+31.8%	22.0M YoY+0.0%	22.0M YoY+340.0%	5.00M YoY+120.0%
Non-controlling interest	0.00	0.00	0.00 YoY-100.0%	202M YoY-32.4%	299M YoY+37.2%
Total equity incl. non-controlling	24.2B YoY+10.1%	22.0B YoY+3.8%	21.2B YoY+1.3%	20.9B YoY+2.7%	20.3B YoY+6.7%
Total liabilities & equity	74.6B YoY+5.7%	70.6B YoY+6.4%	66.3B YoY-4.0%	69.1B YoY+9.4%	63.1B YoY+0.4%
Common shares issued	361M YoY+4.0%	347M YoY+5407.9%	6.30M YoY+0.0%	6.30M YoY+0.0%	6.30M YoY+0.0%
Common shares outstanding	361M YoY+4.2%	347M YoY+0.3%	345M YoY-2.7%	355M YoY+0.3%	354M YoY+3.4%
Shares outstanding (cover)	361M YoY+4.2%	346M YoY+0.3%	345M YoY-2.7%	355M YoY+0.3%	354M YoY+5.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.80B YoY+32.8%	3.61B YoY+67.6%	2.16B YoY-45.2%	3.94B YoY+44.0%	2.73B YoY+24.3%
Depreciation & amortization	2.32B YoY+7.7%	2.15B YoY+6.1%	2.03B YoY-1.2%	2.06B YoY+1.2%	2.03B YoY+5.8%
Deferred income taxes	590M YoY+41.8%	416M YoY+215.2%	132M YoY-69.7%	435M YoY+227.1%	133M YoY+56.5%
Change in receivables	30.0M YoY-88.6%	263M YoY-4.4%	275M YoY-7.1%	296M YoY-28.0%	411M YoY-24.3%
Change in inventory	—	16.0M YoY+142.1%	-38.0M YoY-134.2%	111M YoY+35.4%	82.0M YoY+1950.0%
Change in payables	161M YoY+16200.0%	-1.00M YoY+99.6%	-285M YoY-151.1%	558M YoY+1168.2%	44.0M YoY-74.1%
	-5.25B YoY+0.5%	-5.27B YoY-425.7%	-1.00B YoY+78.0%	-4.57B YoY-31.0%	-3.48B YoY+17.5%
Capital expenditure	—	—	—	4.46B YoY+12.6%	3.96B YoY-3.0%
Other investing activities	49.0M YoY+75.0%	28.0M YoY-42.9%	49.0M YoY-18.3%	60.0M YoY+200.0%	20.0M YoY+190.9%
	746M YoY-58.5%	1.80B YoY+220.8%	-1.49B YoY-246.7%	1.01B YoY+120.0%	461M YoY-79.5%
Long-term debt issued	1.15B YoY-61.3%	2.98B YoY+45.1%	2.05B YoY+156.3%	800M YoY-71.5%	2.80B YoY-4.1%
Long-term debt repaid	0.00 YoY-100.0%	477M YoY-32.8%	710M YoY+74.9%	406M YoY-79.3%	1.96B YoY+278.4%
Net short-term debt	—	-118M YoY+41.6%	-202M YoY-117.5%	1.15B YoY+401.6%	-382M YoY-314.6%
Common stock issued	—	—	0.00	0.00 YoY-100.0%	775M YoY+21.1%
Common stock repurchased	0.00	0.00 YoY-100.0%	1.00B	0.00	0.00
Dividends paid	1.17B YoY+6.0%	1.10B YoY+0.4%	1.10B YoY+0.6%	1.09B YoY+5.7%	1.03B YoY+5.6%
Net change in cash	297M YoY+115.2%	138M YoY+141.2%	-335M YoY-187.2%	384M YoY+232.4%	-290M YoY-232.4%
Interest paid	1.15B YoY+7.0%	1.07B YoY+8.6%	987M YoY+9.7%	900M YoY-2.6%	924M YoY+0.4%
Income taxes paid	-165M YoY-2457.1%	7.00M YoY-98.2%	397M YoY+744.7%	47.0M YoY+422.2%	9.00M YoY-76.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	35.8B YoY+16.0%	30.9B YoY-1.6%	31.4B YoY-7.1%	33.8B YoY+12.1%	30.2B YoY+24.7%
P/E	17720.3× YoY+4.3%	16983.7× YoY+38690.4%	43.8× YoY-54.7%	96.7× YoY-99.6%	22423.4× YoY+101916.0%
P/S	2.1× YoY+5.2%	2.0× YoY-5.7%	2.1× YoY-7.6%	2.3× YoY+2.2%	2.2× YoY+11.5%
P/B	1.5× YoY+5.3%	1.4× YoY-5.5%	1.5× YoY-8.6%	1.6× YoY+8.1%	1.5× YoY+17.3%
P/FCF	7.5× YoY-12.7%	8.6× YoY-31.9%	12.6× YoY+35.3%	9.3× YoY-15.9%	11.0× YoY+0.3%
Earnings yield	0.0% YoY-4.2%	0.0% YoY-99.7%	2.3% YoY+120.9%	1.0% YoY+23079.3%	0.0% YoY-99.9%
FCF yield	13.4% YoY+14.5%	11.7% YoY+46.9%	8.0% YoY-26.1%	10.8% YoY+18.9%	9.1% YoY-0.3%
Dividend yield	—	3.7% YoY+4.5%	3.6% YoY+7.4%	3.3%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ED's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ED filings on SEC EDGAR → Not investment advice.

ED▼ financial statements

About this data

financial statements