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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 1,015 $ (92) $ 22
Less: Income (loss) from discontinued operations, net of tax 36 (1,686) [1] (1,078)
Income from continuing operations 979 [2] 1,594 [3],[4] 1,100
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,622 1,562 1,427
Regulatory impacts of net nuclear decommissioning trust earnings 312 192 146
Asset impairment 575 0 0
Deferred income taxes and investment tax credits 345 141 708
Other 88 138 175
Changes in operating assets and liabilities:      
Receivables (56) (13) (46)
Inventory 80 10 (18)
Accounts payable 45 14 45
Other current assets and liabilities (247) 303 (79)
Derivative assets and liabilities, net (30) 262 382
Regulatory assets and liabilities, net 322 314 1,080
Other noncurrent assets and liabilities (188) 82 521
Operating cash flows from continuing operations 3,203 3,971 3,281
Operating cash flows from discontinued operations, net 0 (637) 625
Net cash provided by operating activities 3,203 3,334 3,906
Cash flows from financing activities:      
Long-term debt issued, net of premium, discount, and issuance costs of $18, $4 and $9 at respective periods 1,973 391 887
Long-term debt matured or repurchased (1,017) (6) (100)
Bonds remarketed, net 195 0 0
Preference stock issued, net 387 804 123
Preference stock redeemed (400) (75) 0
Short-term debt financing, net 32 (264) 410
Settlements of stock-based compensation, net (48) (68) (15)
Dividends to noncontrolling interests (101) (82) (59)
Dividends paid (440) (424) (417)
Financing cash flows from continuing operations 581 276 829
Financing cash flows from discontinued operations, net 0 374 278
Net cash provided by financing activities 581 650 1,107
Cash flows from investing activities:      
Capital expenditures (3,599) (4,149) (4,122)
Proceeds from sale of nuclear decommissioning trust investments 5,617 2,122 2,773
Purchases of nuclear decommissioning trust investments and other (5,951) (2,337) (2,940)
Proceeds from sale of assets 181 114 0
Other (56) 4 34
Investing cash flows from continuing operations (3,808) (4,246) (4,255)
Investing cash flows from discontinued operations, net 0 (1,037) (678)
Net cash used by investing activities (3,808) (5,283) (4,933)
Net increase (decrease) in cash and cash equivalents (24) (1,299) 80
Cash and cash equivalents at beginning of year 170 1,469 1,389
Cash and cash equivalents at end of year 146 170 1,469
Cash and cash equivalents from discontinued operations 0 0 1,300
Cash and cash equivalents from continuing operations 146 170 169
Southern California Edison
     
Cash flows from operating activities:      
Net income (loss) 1,000 [2],[3],[4] 1,660 [3],[4] 1,144
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,622 1,562 1,426
Regulatory impacts of net nuclear decommissioning trust earnings 312 192 146
Asset impairment 575 0 0
Deferred income taxes and investment tax credits 420 256 852
Other (86) (189) (148)
Changes in operating assets and liabilities:      
Receivables (57) (23) (44)
Inventory 80 10 (18)
Accounts payable 59 (9) 11
Other current assets and liabilities (264) 368 (219)
Derivative assets and liabilities, net (30) (86) 730
Regulatory assets and liabilities, net 322 (34) 1,428
Other noncurrent assets and liabilities (197) (67) 513
Net cash provided by operating activities 3,284 4,086 3,261
Cash flows from financing activities:      
Long-term debt issued, net of premium, discount, and issuance costs of $18, $4 and $9 at respective periods 1,973 391 887
Long-term debt matured or repurchased (1,016) (6) (100)
Bonds remarketed, net 195 0 0
Preference stock issued, net 387 804 123
Preference stock redeemed (400) (75) 0
Short-term debt financing, net (1) (250) 419
Settlements of stock-based compensation, net (43) (57) (10)
Dividends paid (587) (551) (520)
Net cash provided by financing activities 508 256 799
Cash flows from investing activities:      
Capital expenditures (3,598) (4,149) (4,122)
Proceeds from sale of nuclear decommissioning trust investments 5,617 2,122 2,773
Purchases of nuclear decommissioning trust investments and other (5,951) (2,337) (2,940)
Proceeds from sale of assets 181 0 0
Other 32 (10) (29)
Net cash used by investing activities (3,783) (4,354) (4,260)
Net increase (decrease) in cash and cash equivalents 9 (12) (200)
Cash and cash equivalents at beginning of year 45 57 257
Cash and cash equivalents at end of year $ 54 $ 45 $ 57
[1] During the fourth quarter of 2012, Edison International recorded a full impairment of its investment in EME. See Note 16 for further information.
[2] 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.
[3] 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.
[4] During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.