ED 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.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | 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+10.2% | 15.5B+6.9% | 14.5B-6.3% | 15.5B+14.9% | 13.5B+11.9% | |
| 14.0B+11.7% | 12.5B+1.6% | 12.3B-5.5% | 13.0B+20.2% | 10.8B+13.1% | ||
| Research & development | — | — | — | 27.0M+8.0% | 25.0M+4.2% | |
| Amortization of intangibles | — | — | — | 71.0M-25.3% | 95.0M-6.9% | |
| Provision for credit losses | — | — | 38.0M+660.0% | 5.00M-97.0% | 169M+116.7% | |
| Operating income | 2.94B+9.9% | 2.67B-16.5% | 3.20B+21.8% | 2.62B-7.1% | 2.83B+6.5% | |
| Interest expense | 1.23B+3.9% | 1.19B+16.0% | 1.02B+20.1% | 852M-5.9% | 905M-11.2% | |
| Other non-operating income | 895M+36.6% | 655M-21.1% | 830M+154.6% | 326M+160.6% | -538M-34.2% | |
| Pre-tax income | 2.60B+21.5% | 2.14B-28.8% | 3.00B+43.1% | 2.10B+51.7% | 1.38B+12.1% | |
| Income tax | 574M+80.5% | 318M-34.7% | 487M-2.2% | 498M+162.1% | 190M+111.1% | |
| 2.02B+11.2% | 1.82B-27.7% | 2.52B+51.7% | 1.66B+23.3% | 1.35B+22.3% | ||
| Net income to non-controlling interest | 0.00 | 0.00+100.0% | -3.00M+95.0% | -60.0M+60.8% | -153M-455.8% | |
| $5.64+7.6% | $5.24-27.3% | $7.21+54.7% | $4.66+21.0% | $3.85+17.4% | ||
| EPS (basic) | $5.66+7.6% | $5.26-27.4% | $7.25+54.9% | $4.68+21.2% | $3.86+17.3% | |
| Weighted-avg shares (basic) | 357M+3.3% | 346M-0.5% | 348M-1.9% | 355M+1.8% | 348M+4.1% | |
| Weighted-avg shares (diluted) | 359M+3.3% | 347M-0.6% | 349M-1.8% | 356M+1.8% | 349M+4.1% | |
| Dividends per share | $3.23-2.8% | $3.32+2.5% | $3.24+2.5% | $3.16+1.9% | $3.10+1.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.75B+1.3% | 6.66B+1.9% | 6.54B-49.6% | 13.0B+133.7% | 5.55B+4.7% | ||
| Cash & equivalents | 1.63B+23.0% | 1.32B+11.4% | 1.19B-7.3% | 1.28B+29.2% | 992M-22.0% | |
| Accounts receivable | 2.58B+5.9% | 2.44B+0.9% | 2.42B+10.3% | 2.19B+12.8% | 1.94B+14.2% | |
| Prepaid expenses | 381M-14.4% | 445M-5.3% | 470M+78.0% | 264M-10.5% | 295M+8.9% | |
| Other current assets | 161M-17.0% | 194M+55.2% | 125M-29.0% | 176M-24.5% | 233M+0.9% | |
| 74.6B+5.7% | 70.6B+6.4% | 66.3B-4.0% | 69.1B+9.4% | 63.1B+0.4% | ||
| Property, plant & equipment | 55.4B+6.2% | 52.2B+5.2% | 49.6B+6.1% | 46.8B-3.8% | 48.6B+4.4% | |
| Operating lease right-of-use | 489M-0.8% | 493M-7.5% | 533M-6.2% | 568M-29.8% | 809M-3.3% | |
| Goodwill | 406M-0.5% | 408M+0.0% | 408M+0.0% | 408M-7.1% | 439M-1.6% | |
| Intangible assets | — | — | — | 0.00-100.0% | 1.29B-11.4% | |
| Long-term investments | 1.21B+7.7% | 1.13B+12.7% | 999M+18.8% | 841M-1.4% | 853M-53.0% | |
| Other non-current assets | 11.2B+5.9% | 10.6B+15.5% | 9.19B+8.3% | 8.49B+4.6% | 8.12B-12.0% | |
| 6.61B+2.8% | 6.43B-0.4% | 6.46B-43.0% | 11.3B+108.9% | 5.43B-26.2% | ||
| Accounts payable | 1.95B+16.2% | 1.68B-5.6% | 1.77B-9.2% | 1.96B+30.6% | 1.50B+1.5% | |
| Short-term & current debt | 250M | 0.00-100.0% | 251M-75.0% | 1.00B+127.7% | 440M-77.6% | |
| Current lease liability | 123M+4.2% | 118M+1.7% | 116M+12.6% | 103M-8.8% | 113M+17.7% | |
| Other current liabilities | 291M-39.5% | 481M+17.0% | 411M-7.4% | 444M-3.7% | 461M+8.2% | |
| Finance lease liability (current) | 1.00M+0.0% | 1.00M+0.0% | 1.00M | 0.00 | 0.00-100.0% | |
| Long-term debt | 25.6B+3.4% | 24.7B+12.4% | 22.0B-2.0% | 22.4B-0.7% | 22.6B+10.9% | |
| Non-current lease liability | 377M-2.3% | 386M-10.0% | 429M-9.9% | 476M-33.6% | 717M-6.2% | |
| Operating lease liability (total) | 500M-0.8% | 504M-7.5% | 545M-5.9% | 579M-30.2% | 830M-3.5% | |
| Finance lease liability (total) | 3.00M-25.0% | 4.00M+100.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M-33.3% | |
| Finance lease liability | 2.00M-33.3% | 3.00M+200.0% | 1.00M-50.0% | 2.00M+0.0% | 2.00M+0.0% | |
| 24.2B+10.1% | 22.0B+3.8% | 21.2B+2.3% | 20.7B+3.2% | 20.0B+6.3% | ||
| Common stock | 39.0M+2.6% | 38.0M | — | — | — | |
| Additional paid-in capital | 11.4B+14.5% | 9.99B | — | — | — | |
| Retained earnings | 14.9B+5.8% | 14.0B | — | — | — | |
| Treasury stock | 2.02B+0.0% | 2.02B | — | — | — | |
| Accumulated other comprehensive income | 15.0M-48.3% | 29.0M+31.8% | 22.0M+0.0% | 22.0M+340.0% | 5.00M+120.0% | |
| Non-controlling interest | — | — | 0.00-100.0% | 202M-32.4% | 299M+37.2% | |
| Total equity incl. non-controlling | 24.2B+10.1% | 22.0B+3.8% | 21.2B+1.3% | 20.9B+2.7% | 20.3B+6.7% | |
| Total liabilities & equity | 74.6B+5.7% | 70.6B+6.4% | 66.3B-4.0% | 69.1B+9.4% | 63.1B+0.4% | |
| Common shares issued | 361M+4.0% | 347M | — | — | — | |
| Common shares outstanding | 361M+4.2% | 347M+0.3% | 345M-2.7% | 355M+0.3% | 354M+3.4% | |
| Shares outstanding (cover) | 361M+4.2% | 347M+0.3% | 346M-2.7% | 355M+0.3% | 354M+3.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.80B+32.8% | 3.61B+67.6% | 2.16B-45.2% | 3.94B+44.0% | 2.73B+24.3% | ||
| Depreciation & amortization | 2.32B+7.7% | 2.15B+6.1% | 2.03B-1.2% | 2.06B+1.2% | 2.03B+5.8% | |
| Intangible amortization | — | — | — | 71.0M-25.3% | 95.0M-6.9% | |
| Deferred income taxes | 590M+41.8% | 416M+215.2% | 132M-69.7% | 435M+227.1% | 133M+56.5% | |
| Change in receivables | 30.0M-88.6% | 263M-4.4% | 275M-7.1% | 296M-28.0% | 411M-24.3% | |
| Change in inventory | — | 16.0M+142.1% | -38.0M-134.2% | 111M+35.4% | 82.0M+1950.0% | |
| Change in payables | 161M+16200.0% | -1.00M+99.6% | -285M-151.1% | 558M+1168.2% | 44.0M-74.1% | |
| -5.25B+0.5% | -5.27B-425.7% | -1.00B+78.0% | -4.57B-31.0% | -3.48B+17.5% | ||
| Capital expenditure | — | — | — | 4.46B+12.6% | 3.96B-3.0% | |
| Free cash flow | — | — | — | -530M+56.9% | -1.23B+34.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 49.0M+75.0% | 28.0M-42.9% | 49.0M-18.3% | 60.0M+200.0% | 20.0M+190.9% | |
| 746M-58.5% | 1.80B+220.8% | -1.49B-246.7% | 1.01B+120.0% | 461M-79.5% | ||
| Long-term debt issued | 1.15B-61.3% | 2.98B+45.1% | 2.05B+156.3% | 800M-71.5% | 2.80B-4.1% | |
| Long-term debt repaid | 0.00-100.0% | 477M-32.8% | 710M+74.9% | 406M-79.3% | 1.96B+278.4% | |
| Net short-term debt | — | -118M+41.6% | -202M-117.5% | 1.15B+401.6% | -382M-314.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 775M+21.1% | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 1.00B | 0.00 | 0.00 | |
| Dividends paid | 1.17B+6.0% | 1.10B+0.4% | 1.10B+0.6% | 1.09B+5.7% | 1.03B+5.6% | |
| Net change in cash | 297M+115.2% | 138M+141.2% | -335M-187.2% | 384M+232.4% | -290M-232.4% | |
| Interest paid | 1.15B+7.0% | 1.07B+8.6% | 987M+9.7% | 900M-2.6% | 924M+0.4% | |
| Income taxes paid | -165M-2457.1% | 7.00M-98.2% | 397M+744.7% | 47.0M+422.2% | 9.00M-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 | 35.9B+16.0% | 30.9B-1.5% | 31.4B-7.1% | 33.8B+12.0% | 30.2B+22.1% | |
| P/E | 17.7×+4.3% | 17.0×+28.6% | 13.2×-33.8% | 20.0×-11.0% | 22.4×-0.1% | |
| P/S | 2.1×+5.2% | 2.0×-5.7% | 2.1×-7.5% | 2.3×+2.2% | 2.2×+9.1% | |
| P/B | 1.5×+5.3% | 1.4×-5.5% | 1.5×-8.6% | 1.6×+8.1% | 1.5×+14.8% | |
| Earnings yield | 5.6%-4.2% | 5.9%-22.2% | 7.6%+51.0% | 5.0%+12.4% | 4.5%+0.1% | |
| Dividend yield | 3.2%-12.7% | 3.7%+4.5% | 3.6%+7.4% | 3.3%-8.7% | 3.6%-14.2% | |
| 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.
