XML 30 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Edison International's quarterly financial data is as follows:
 
2013
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
12,581

 
$
2,943

 
$
3,960

 
$
3,046

 
$
2,632

Operating income (loss)
1,715

 
505

 
789

 
(71
)
 
492

Income (loss) from continuing operations1
979

 
289

 
488

 
(82
)
 
286

Income (loss) from discontinued operations, net
36

 
37

 
(25
)
 
12

 
12

Net income (loss) attributable to common shareholders
915

 
301

 
438

 
(94
)
 
271

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
2.70

 
0.81

 
1.42

 
(0.33
)
 
0.79

  Discontinued operations
0.11

 
0.11

 
(0.08
)
 
0.04

 
0.04

Total
2.81

 
0.92

 
1.34

 
(0.29
)
 
0.83

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
2.67

 
0.81

 
1.41

 
(0.33
)
 
0.78

  Discontinued operations
0.11

 
0.11

 
(0.07
)
 
0.04

 
0.04

Total
2.78

 
0.92

 
1.34

 
(0.29
)
 
0.82

Dividends declared per share
1.3675

 
0.3550

 
0.3375

 
0.3375

 
0.3375

Common stock prices:
 
 
 
 
 
 
 
 
 
High
54.19

 
49.95

 
50.34

 
54.19

 
51.24

Low
44.26

 
44.97

 
44.26

 
44.86

 
44.92

Close
46.30

 
46.30

 
46.06

 
48.16

 
50.32


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.

 
2012
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,862

 
$
3,060

 
$
3,734

 
$
2,653

 
$
2,415

Operating income
2,285

 
765

 
713

 
420

 
389

Income from continuing operations1, 2
1,594

 
812

 
382

 
207

 
196

Loss from discontinued operations, net3
(1,686
)
 
(1,326
)
 
(167
)
 
(109
)
 
(84
)
Net income (loss) attributable to common shareholders
(183
)
 
(539
)
 
190

 
74

 
93

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
4.61

 
2.42

 
1.09

 
0.56

 
0.54

Discontinued operations
(5.17
)
 
(4.07
)
 
(0.51
)
 
(0.33
)
 
(0.26
)
Total
(0.56
)
 
(1.65
)
 
0.58

 
0.23

 
0.28

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
4.55

 
2.39

 
1.09

 
0.55

 
0.54

Discontinued operations
(5.11
)
 
(4.03
)
 
(0.51
)
 
(0.33
)
 
(0.26
)
Total
(0.56
)
 
(1.64
)
 
0.58

 
0.22

 
0.28

Dividends declared per share
1.3125

 
0.3375

 
0.325

 
0.325

 
0.325

Common stock prices:
 
 
 
 
 
 
 
 
 
High
47.96

 
47.96

 
46.94

 
46.55

 
44.50

Low
39.60

 
42.57

 
43.10

 
41.42

 
39.60

Close
45.19

 
45.19

 
45.69

 
46.20

 
42.51

1 
During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.
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, Edison International recorded a full impairment of its investment in EME. See Note 16 for further information.
SCE's quarterly financial data is as follows:
 
2013
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
12,562

 
$
2,931

 
$
3,957

 
$
3,045

 
$
2,629

Operating income (loss)
1,751

 
505

 
804

 
(55
)
 
498

Net income (loss)1
1,000

 
283

 
502

 
(67
)
 
283

Net income (loss) available for common stock
900

 
258

 
477

 
(91
)
 
256

Common dividends declared
486

 
126

 
120

 
120

 
120

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.
 
2012
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,851

 
$
3,057

 
$
3,731

 
$
2,651

 
$
2,412

Operating income
2,279

 
792

 
659

 
430

 
397

Net income1, 2
1,660

 
858

 
388

 
214

 
201

Net income available for common stock
1,569

 
833

 
363

 
191

 
182

Common dividends declared
469

 
120

 
116

 
116

 
116

1 
During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.
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.