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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Total operating revenue $ 12,581 $ 11,862 $ 10,588
Fuel 324 308 367
Purchased power 4,567 3,831 2,989
Operation and maintenance 3,782 3,904 3,718
Depreciation, decommissioning and amortization 1,622 1,562 1,427
Asset impairments, disallowances and other 571 (28) 26
Total operating expenses 10,866 9,577 8,527
Operating income 1,715 2,285 2,061
Interest and other income 124 149 147
Interest expense (544) (521) (485)
Other expenses (74) (52) (55)
Income from continuing operations before income taxes 1,221 1,861 1,668
Income tax expense 242 267 568
Income from continuing operations 979 [1] 1,594 [2],[3] 1,100
Income (loss) from discontinued operations, net of tax 36 (1,686) [4] (1,078)
Net income (loss) 1,015 (92) 22
Dividends on preferred and preference stock of utility 100 91 59
Net income (loss) attributable to Edison International common shareholders 915 (183) (37)
Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Income from continuing operations, net of tax 879 1,503 1,041
Income (loss) from discontinued operations, net of tax 36 (1,686) [4] (1,078)
Net income (loss) attributable to Edison International common shareholders 915 (183) (37)
Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Weighted-average shares of common stock outstanding (in shares) 326 326 326
Continuing operations (in dollars per share) $ 2.70 $ 4.61 $ 3.20
Discontinued operations (in dollars per share) $ 0.11 $ (5.17) $ (3.31)
Total (in dollars per share) $ 2.81 $ (0.56) $ (0.11)
Diluted earnings (loss) per common share attributable to Edison International common shareholders:      
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 329 330 329
Continuing operations (in dollars per share) $ 2.67 $ 4.55 $ 3.17
Discontinued operations (in dollars per share) $ 0.11 $ (5.11) $ (3.28)
Total (in dollars per share) $ 2.78 $ (0.56) $ (0.11)
Dividends declared per common share (in dollars per share) $ 1.3675 $ 1.3125 $ 1.285
Southern California Edison
     
Total operating revenue 12,562 11,851 10,577
Fuel 324 308 367
Purchased power 4,567 3,831 2,989
Operation and maintenance 3,416 3,544 3,387
Depreciation, decommissioning and amortization 1,622 1,562 1,426
Property and other taxes 307 295 285
Asset impairments, disallowances and other 575 32 0
Total operating expenses 10,811 9,572 8,454
Operating income 1,751 2,279 2,123
Interest and other income 122 144 140
Interest expense (520) (499) (463)
Other expenses (74) (50) (55)
Income from continuing operations before income taxes 1,279 1,874 1,745
Income tax expense 279 214 601
Net income (loss) 1,000 [1],[2],[3] 1,660 [2],[3] 1,144
Dividends on preferred and preference stock of utility 100 91 59
Net income (loss) attributable to Edison International common shareholders 900 1,569 1,085
Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Net income (loss) attributable to Edison International common shareholders $ 900 $ 1,569 $ 1,085
[1] During the second quarter of 2013, SCE recorded an impairment charge of $575 million ($365 million after tax) related to the permanent retirement of San Onofre Units 2 and 3.
[2] During the fourth quarter of 2012, SCE corrected errors, primarily related to deferred taxes, that resulted in a net earnings benefit of $33 million which were not considered material to the current and prior period consolidated financial statements.
[3] During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.
[4] During the fourth quarter of 2012, Edison International recorded a full impairment of its investment in EME. See Note 16 for further information.