ED

Consolidated Edison, Inc.

$101.15

0.18

(0.18%)

Exchange:	NYSE
Market Cap:	36.444B
Shares Outstanding:	246.62M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

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Revenue Segmentation

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EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	12,554,000	12,075,000	12,033,000	12,337,000	12,574,000	12,246,000	13,676,000	15,670,000	14,663,000	15,256,000
? Cost Of Revenue	7,060,000	6,357,000	5,928,000	6,100,000	5,808,000	5,097,000	6,008,000	7,985,000	7,258,000	2,739,000
? Gross Profit	5,494,000	5,718,000	6,105,000	6,237,000	6,766,000	7,149,000	7,668,000	7,685,000	7,405,000	12,517,000
? Research And Development Expenses	23,000	24,000	24,000	24,000	24,000	24,000	25,000	27,000	0	0
? General And Administrative Expenses	0	0	0	0	0	0	0	0	0	0
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	3,067,000	3,247,000	3,496,000	3,704,000	4,090,000	4,495,000	4,842,000	5,061,000	4,209,000	12,524,000
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	0	0	0	0	0	0	14,000	99,000	0	0
? Interest Expense	653,000	696,000	729,000	819,000	991,000	1,019,000	919,000	951,000	1,023,000	1,187,000
? Depreciation And Amortization	1,130,000	1,216,000	1,341,000	1,438,000	1,684,000	1,920,000	2,032,000	2,056,000	2,031,000	2,155,000
? EBITDA	3,557,000	3,687,000	3,951,000	3,801,000	4,279,000	4,371,000	4,720,000	5,034,000	6,062,000	5,480,000
? EBIT
? Operating Income	2,427,000	2,575,000	2,610,000	2,664,000	2,676,000	2,654,000	2,826,000	2,624,000	3,196,000	2,670,000
? Income Before Tax	1,798,000	1,943,000	1,997,000	1,783,000	1,736,000	1,234,000	1,383,000	2,098,000	3,003,000	2,138,000
? Income Tax Expense	605,000	698,000	472,000	401,000	296,000	90,000	190,000	498,000	487,000	318,000
? Net Income From Continuing Operations
? Net Income	1,193,000	1,245,000	1,525,000	1,382,000	1,343,000	1,101,000	1,346,000	1,660,000	2,519,000	1,820,000
? EPS (Earnings Per Share)	4.070	4.150	4.970	4.430	4.090	3.290	3.860	4.680	7.240	5.260
? EPS Diluted	4.050	4.120	4.940	4.420	4.080	3.280	3.850	4.670	7.210	5.240
? Weighted Average Shares Outstanding	293,000	300,400	307,100	311,700	328,500	334,800	348,400	354,500	347,700	346,000
? Weighted Average Shares Outstanding Diluted	294,400	301,900	308,800	312,900	329,500	335,700	349,400	355,800	349,300	347,300
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	944,000	776,000	797,000	895,000	981,000	1,272,000	992,000	1,282,000	1,189,000	1,000
? Short Term Investments	3,000	273,000	330,000	0	0	0	0	544,000	0	0
? Cash And Short Term Investments	947,000	776,000	797,000	895,000	981,000	1,272,000	992,000	1,282,000	1,189,000	1,000
? Net Receivables	1,882,000	1,827,000	1,701,000	2,115,000	2,115,000	2,741,000	3,106,000	3,232,000	3,788,000	64,000
? Accounts Receivables
? Inventory	350,000	339,000	334,000	358,000	352,000	356,000	437,000	492,000	469,000	0
? Total Current Assets	3,836,000	3,406,000	3,537,000	3,864,000	4,272,000	5,301,000	5,551,000	12,972,000	6,537,000	527,000
? Property Plant Equipment Net	32,209,000	35,216,000	37,600,000	41,749,000	44,746,000	47,392,000	49,405,000	47,336,000	50,141,000	0
? Goodwill	429,000	428,000	428,000	440,000	446,000	446,000	439,000	408,000	408,000	406,000
? Intangible Assets	2,000	124,000	131,000	1,654,000	1,557,000	1,460,000	1,293,000	0	0	0
? Long Term Investments	641,000	1,648,000	1,671,000	1,440,000	2,065,000	1,816,000	853,000	382,000	1,047,000	21,706,000
? Total Non Current Assets	33,281,000	37,416,000	39,830,000	45,283,000	53,807,000	57,594,000	57,565,000	48,126,000	59,794,000	22,474,000
? Total Assets	45,633,000	48,247,000	48,104,000	53,807,000	58,079,000	62,895,000	63,116,000	69,065,000	66,331,000	23,001,000
? Account Payables	1,008,000	1,147,000	1,286,000	1,187,000	1,164,000	1,475,000	1,497,000	1,955,000	1,775,000	17,000
? Short Term Debt	2,268,000	1,093,000	1,875,000	3,216,000	3,210,000	3,957,000	2,061,000	3,792,000	2,654,000	348,000
? Deferred Revenue	354,000	352,000	346,000	351,000	346,000	311,000	300,000	358,000	498,000	0
? Total Current Liabilities	4,720,000	3,843,000	4,902,000	6,207,000	6,287,000	7,354,000	5,427,000	11,336,000	6,462,000	1,036,000
? Long Term Debt	12,006,000	14,735,000	14,731,000	17,495,000	19,336,000	21,148,000	23,323,000	20,625,000	22,356,000	386,000
? Deferred Revenue Non Current	-15,855,000	-15,371,000	-13,053,000	-13,379,000	0	4,342,000	0	0	2,000	0
? Deferred Tax Liabilities Non Current	9,537,000	10,205,000	5,495,000	5,820,000	6,227,000	6,475,000	6,873,000	7,641,000	8,069,000	0
? Total Non Current Liabilities	12,006,000	14,735,000	14,731,000	17,501,000	33,579,000	36,476,000	37,353,000	20,147,000	38,711,000	4,000
? Total Liabilities	32,581,000	33,949,000	32,686,000	37,081,000	39,866,000	43,830,000	42,780,000	48,176,000	45,173,000	1,040,000
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	32,000	33,000	34,000	34,000	35,000	36,000	37,000	37,000	37,000	10,024,000
? Retained Earnings	9,123,000	9,559,000	10,235,000	10,728,000	11,100,000	11,178,000	11,445,000	11,985,000	13,377,000	11,937,000
? Additional Paid In Capital
? Total Stockholders Equity	13,052,000	14,298,000	15,418,000	16,726,000	18,022,000	18,847,000	20,037,000	20,687,000	21,158,000	21,961,000
? Total Equity	13,061,000	14,306,000	15,425,000	16,839,000	18,213,000	19,065,000	20,336,000	20,889,000	21,158,000	21,961,000
? Minority Interest	9,000	8,000	7,000	113,000	191,000	218,000	299,000	202,000	0	0
? Total Liabilities And Total Equity	45,633,000	48,247,000	48,104,000	53,807,000	58,079,000	62,895,000	63,116,000	69,065,000	66,331,000	23,001,000
? Total Investments	884,000	1,921,000	2,001,000	1,440,000	2,065,000	1,816,000	853,000	926,000	1,047,000	21,706,000
? Total Debt	14,274,000	15,828,000	16,606,000	20,711,000	22,539,000	25,079,000	25,362,000	24,415,000	25,010,000	348,000
? Net Debt	13,330,000	15,052,000	15,809,000	19,816,000	21,558,000	23,807,000	24,370,000	23,133,000	23,821,000	347,000
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	1,193,000	1,245,000	1,525,000	1,382,000	1,440,000	1,144,000	1,193,000	1,600,000	2,516,000	1,748,000
? Depreciation And Amortization	1,130,000	1,216,000	1,341,000	1,438,000	1,684,000	1,920,000	2,032,000	2,056,000	2,031,000	2,037,000
? Deferred Income Tax	653,000	783,000	485,000	408,000	308,000	85,000	133,000	435,000	132,000	416,000
? Stock Based Compensation	34,000	50,000	63,000	14,000	47,000	17,000	35,000	64,000	0	0
? Change In Working Capital	981,000	781,000	578,000	-23,000	149,000	-936,000	-609,000	-119,000	-1,658,000	0
? Accounts Receivables	96,000	-69,000	-6,000	-140,000	23,000	-543,000	-411,000	-285,000	-275,000	-264,000
? Inventory	22,000	13,000	5,000	-20,000	6,000	-4,000	-82,000	-111,000	38,000	0
? Accounts Payables	-79,000	29,000	95,000	-46,000	10,000	170,000	44,000	558,000	-285,000	8,000
? Net Cash Provided By Operating Activities	3,277,000	3,459,000	3,367,000	2,695,000	3,134,000	2,198,000	2,733,000	3,935,000	2,156,000	3,358,000
? Investments In Property Plant And Equipment	-3,054,000	-3,680,000	-3,443,000	-3,497,000	-3,486,000	-3,909,000	-3,953,000	-4,168,000	-4,494,000	0
? Acquisitions Net	-299,000	-1,478,000	-90,000	-1,755,000	-215,000	-27,000	153,000	-64,000	3,927,000	0
? Purchases Of Investments	-312,000	-419,000	-90,000	-267,000	-215,000	-27,000	-30,000	-64,000	0	0
? Sales Maturities Of Investments	0	0	0	0	215,000	27,000	30,000	64,000	0	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-733,000	-763,000	-803,000	-842,000	-924,000	-975,000	-1,030,000	-1,089,000	-1,096,000	-1,100,000
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	629,000	1,345,000	357,000	2,938,000	859,000	2,245,000	461,000	1,014,000	-1,488,000	1,797,000
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	249,000	-172,000	21,000	162,000	211,000	219,000	-290,000	384,000	-335,000	138,000
? Cash At End Of Period	948,000	772,000	797,000	1,006,000	1,217,000	1,436,000	1,146,000	1,530,000	1,195,000	1,333,000
? Cash At Beginning Of Period	699,000	944,000	776,000	844,000	1,006,000	1,217,000	1,436,000	1,146,000	1,530,000	1,195,000
? Operating Cash Flow	3,277,000	3,459,000	3,367,000	2,695,000	3,134,000	2,198,000	2,733,000	3,935,000	2,156,000	3,358,000
? Capital Expenditure	-3,054,000	-3,680,000	-3,443,000	-3,497,000	-3,486,000	-3,909,000	-3,953,000	-4,168,000	-4,494,000	0
? Free Cash Flow	223,000	-221,000	-76,000	-802,000	-352,000	-1,711,000	-1,220,000	-233,000	-2,338,000	3,358,000
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2025	2026	2027	2028	2029
Estimated Revenue (Low)	15,348,201.252	15,708,421.790	16,539,653.195	16,575,064.268	16,785,567.151
Estimated Revenue (High)	16,624,744.103	17,287,164.956	17,390,457.884	17,885,422.623	18,112,567.023
Estimated Revenue (Avg)	15,763,819.855	16,345,478.618	16,965,055.540	17,030,875	17,247,166.667
Estimated Ebitda (Low)	5,512,884.500	5,642,271.272	5,940,839.336	5,953,558.557	6,029,168.595
Estimated Ebitda (High)	5,971,402.940	6,209,336.337	6,246,437.882	6,424,223.109	6,505,810.574
Estimated Ebitda (Avg)	5,662,169.574	5,871,094.224	6,093,638.609	6,117,280.147	6,194,969.445
Estimated Net Income (Low)	1,942,150.227	2,043,113.810	2,163,470.626	2,219,941.606	2,356,465.236
Estimated Net Income (High)	1,973,417.646	2,147,001.660	2,270,949.557	2,449,989.654	2,600,658.813
Estimated Net Income (Avg)	1,957,783.937	2,095,057.735	2,217,210.092	2,299,962.999	2,441,407.871
Estimated SGA Expense (Low)	2,356,669.771	2,411,980.543	2,539,613.605	2,545,050.868	2,577,372.947
Estimated SGA Expense (High)	2,552,679.056	2,654,391.770	2,670,252.086	2,746,252.421	2,781,129.755
Estimated SGA Expense (Avg)	2,420,486.748	2,509,798.687	2,604,932.845	2,615,039.224	2,648,250.154
Estimated EPS (Avg)	5.620	6	6.330	6.620	7.030
Estimated EPS (High)	5.680	6.180	6.540	7.050	7.490
Estimated EPS (Low)	5.590	5.880	6.230	6.390	6.790
Number of Analysts (Estimated Revenue)	7	12	8	5	6
Number of Analysts (Estimated EPS)	11	12	6	3	3

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Current Key Metrics

?	Revenue (TTM) :	15.256B	?	P/S (TTM) :	2.31
?	Net Income (TTM) :	1.82B	?	P/E (TTM) :	18.69
?	Enterprise Value (TTM) :	62.235B	?	EV/FCF (TTM) :	-76.74
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.59
?	ROE (TTM) :	0.08	?	ROIC (TTM) :	0.03
?	Net Debt (TTM) :	26.493B	?	Debt/Equity (TTM) :	1.1
?	P/B (TTM) :	1.49	?	Current Ratio (TTM) :	1.28

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
19.41	17.97	16.83	15.95	15.25

SWOT Analysis

No SWOT analysis available for this stock.

ED

0.18

-0.34

-2.83

-6.17

12.8

10.83

42.59

Trading Metrics:

Open:	101.46	Previous Close:	100.97
Day Low:	100.64	Day High:	102.47
Year Low:	87.28	Year High:	114.87
Price Avg 50:	106.19	Price Avg 200:	101.14
Volume:	3.958M	Average Volume:	2.898M