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Arphra AIPlain-English read on Edison International’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $14.91B | $17.22B | $16.34B | $17.6B | $19.32B | $19.13B | $19.98B | $20.64B | $21.82B |
| Cost of revenue | $9.19B | $11.1B | $9.62B | $10.38B | $8.15B | $10.05B | $10.58B | $11.21B | $11.37B |
| Gross profit | $5.72B | $6.12B | $6.71B | $7.22B | $11.17B | $9.11B | $9.5B | $9.91B | $10.12B |
| Gross margin | +38.38% | +35.55% | +41.09% | +41.01% | +57.83% | +47.61% | +47.54% | +48.02% | +46.38% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $463M | $153.5M | $163.36M | $169.24M | $176.36M |
| Selling, general & administrative | $1.49B | $1.53B | $880M | $798M | $1.8B | $1.19B | $1.3B | $1.32B | $1.42B |
| Total operating expenses | $4.24B | $4.64B | $4.09B | $4.29B | $4.08B | $4.37B | $4.56B | $4.89B | $4.99B |
| Operating income | $1.48B | $1.48B | $2.63B | $2.93B | $7.09B | $4.47B | $4.62B | $4.68B | $4.97B |
| Operating margin | +9.91% | +8.61% | +16.08% | +16.65% | +36.72% | +23.35% | +23.14% | +22.65% | +22.77% |
| EBITDA | $4B | $4.46B | $5.85B | $6.37B | $8.25B | $7.29B | $7.68B | $7.93B | $8.26B |
| EBIT | $1.71B | $1.83B | $3.13B | $3.43B | $5.47B | $4.21B | $4.33B | $4.7B | $4.81B |
| Below the line | |||||||||
| Interest expense | $925M | $1.17B | $1.61B | $1.87B | $1.54B | $1.81B | $1.87B | $1.94B | $2.11B |
| Interest income | $4M | $90M | $267M | $259M | $184M | $262.39M | $273.43M | $276.93M | $288.78M |
| Other income / expense | -$688M | -$821M | -$1.11B | -$1.37B | -$1.34B | — | — | — | — |
| Pre-tax income | $789M | $662M | $1.52B | $1.56B | $5.75B | $2.99B | $3.18B | $3.2B | $3.4B |
| Income tax expense | -$136M | -$162M | $108M | $17M | $1.29B | $306.49M | $332.57M | $335.25M | $349.42M |
| Earnings | |||||||||
| Net income | $925M | $824M | $1.41B | $1.55B | $4.56B | $2.64B | $2.73B | $2.83B | $2.96B |
| Net income · continuing ops | $925M | $824M | $1.41B | $1.55B | $4.46B | $2.52B | $2.77B | $2.79B | $2.95B |
| Net margin | +6.21% | +4.79% | +8.61% | +8.78% | +23.59% | +13.78% | +13.64% | +13.72% | +13.56% |
| EPS · basic | $2.00 | $1.61 | $3.13 | $3.33 | $11.58 | $6.11 | $6.48 | $7.06 | $7.19 |
| EPS · diluted | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 | $6.12 | $6.52 | $6.92 | $7.17 |
| EPS · low estimate | — | — | — | — | — | $6.04 | $6.48 | $6.80 | $6.82 |
| EPS · high estimate | — | — | — | — | — | $6.17 | $6.58 | $7.02 | $7.63 |
| Shares · basic | 380M | 381M | 383M | 386M | 385M | 383.01M | 383.18M | 381.93M | 386.39M |
| Shares · diluted | 380M | 383M | 385M | 388M | 385M | 388.14M | 386.6M | 386.21M | 381.26M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 9 | 9 | 12 | 11 |
| Analysts (EPS) | — | — | — | — | — | 10 | 9 | 4 | 2 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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