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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenue $ 3,016 $ 3,046 $ 5,943 $ 5,678
Fuel 71 81 143 154
Purchased power 1,168 1,076 2,239 1,855
Operation and maintenance 788 967 1,600 1,840
Depreciation, decommissioning and amortization 414 418 824 832
Impairment and other charges 0 575 231 575
Total operating expenses 2,441 3,117 5,037 5,256
Operating income (loss) 575 (71) 906 422
Interest and other income 46 34 69 63
Interest expense (139) (133) (281) (265)
Other expenses (16) (14) (23) (21)
Income (loss) from continuing operations before income taxes 466 (184) 671 199
Income tax expense (benefit) 84 (102) 65 (4)
Income (loss) from continuing operations 382 (82) 606 203
Income from discontinued operations, net of tax 184 12 162 24
Net income (loss) 566 (70) 768 227
Preferred and preference stock dividend requirements of utility 30 24 56 51
Net income (loss) attributable to Edison International common shareholders 536 (94) 712 176
Amounts attributable to common shareholders:        
Income (loss) from continuing operations, net of tax 352 (106) 550 152
Income from discontinued operations, net of tax 184 12 162 24
Net income (loss) attributable to Edison International common shareholders 536 (94) 712 176
Basic earnings (loss) per common share attributable to Edison International common shareholders:        
Weighted-average shares of common stock outstanding (in shares) 326 326 326 326
Continuing operations (in dollars per share) $ 1.08 $ (0.33) $ 1.69 $ 0.47
Discontinued operations (in dollars per share) $ 0.56 $ 0.04 $ 0.49 $ 0.07
Total (in dollars per share) $ 1.64 $ (0.29) $ 2.18 $ 0.54
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) 329 326 329 329
Continuing operations (in dollars per share) $ 1.07 $ (0.33) $ 1.68 $ 0.47
Discontinued operations (in dollars per share) $ 0.56 $ 0.04 $ 0.49 $ 0.07
Total (in dollars per share) $ 1.63 $ (0.29) $ 2.17 $ 0.54
Dividends declared per common share (in dollars per share) $ 0.3550 $ 0.3375 $ 0.7100 $ 0.6750
Southern California Edison
       
Operating revenue 3,014 3,045 5,938 5,674
Fuel 71 81 143 154
Purchased power 1,168 1,076 2,239 1,855
Operation and maintenance 697 879 1,410 1,665
Depreciation, decommissioning and amortization 414 417 824 832
Impairment and other charges 0 575 231 575
Property and other taxes 71 72 156 151
Total operating expenses 2,421 3,100 5,003 5,232
Operating income (loss) 593 (55) 935 442
Interest and other income 46 30 69 61
Interest expense (134) (127) (269) (253)
Other expenses (15) (14) (23) (21)
Income (loss) from continuing operations before income taxes 490 (166) 712 229
Income tax expense (benefit) 98 (99) 86 13
Income (loss) from continuing operations     626 216
Net income (loss) 392 (67) 626 216
Preferred and preference stock dividend requirements of utility 30 24 56 51
Net income (loss) attributable to Edison International common shareholders 362 (91) 570 165
Amounts attributable to common shareholders:        
Net income (loss) attributable to Edison International common shareholders $ 362 $ (91) $ 570 $ 165