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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Total operating revenue $ 13,413us-gaap_Revenues $ 12,581us-gaap_Revenues $ 11,862us-gaap_Revenues
Purchased power and fuel 5,593us-gaap_CostOfPurchasedPower 4,891us-gaap_CostOfPurchasedPower 4,139us-gaap_CostOfPurchasedPower
Operation and maintenance 3,149us-gaap_OtherCostAndExpenseOperating 3,473us-gaap_OtherCostAndExpenseOperating 3,608us-gaap_OtherCostAndExpenseOperating
Depreciation, decommissioning and amortization 1,720eix_DepreciationDecommissioningAndAmortization 1,622eix_DepreciationDecommissioningAndAmortization 1,562eix_DepreciationDecommissioningAndAmortization
Property and other taxes 322eix_PropertyAndOtherTaxes 309eix_PropertyAndOtherTaxes 296eix_PropertyAndOtherTaxes
Impairment and other charges 157us-gaap_GainLossOnContractTermination 571us-gaap_GainLossOnContractTermination (28)us-gaap_GainLossOnContractTermination
Total operating expenses 10,941us-gaap_CostsAndExpenses 10,866us-gaap_CostsAndExpenses 9,577us-gaap_CostsAndExpenses
Loss before equity in earnings of subsidiaries 2,472us-gaap_OperatingIncomeLoss 1,715us-gaap_OperatingIncomeLoss 2,285us-gaap_OperatingIncomeLoss
Interest and other income 147us-gaap_OtherNonoperatingIncome 124us-gaap_OtherNonoperatingIncome 149us-gaap_OtherNonoperatingIncome
Interest expense (560)us-gaap_InterestExpense (544)us-gaap_InterestExpense (521)us-gaap_InterestExpense
Other expenses (80)us-gaap_OtherNonoperatingExpense (74)us-gaap_OtherNonoperatingExpense (52)us-gaap_OtherNonoperatingExpense
Income from continuing operations before income taxes 1,979eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest 1,221eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest 1,861eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
Income tax expense 443us-gaap_IncomeTaxExpenseBenefit 242us-gaap_IncomeTaxExpenseBenefit 267us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 1,536us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1] 979us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] 1,594us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations, net 185us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 36us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (1,686)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) 1,721us-gaap_ProfitLoss 1,015us-gaap_ProfitLoss (92)us-gaap_ProfitLoss
Preferred and preference stock dividend requirements of utility 112us-gaap_DividendsPreferredStock 100us-gaap_DividendsPreferredStock 91us-gaap_DividendsPreferredStock
Other noncontrolling interests (3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) 1,612us-gaap_NetIncomeLoss 915us-gaap_NetIncomeLoss (183)us-gaap_NetIncomeLoss
Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Income from continuing operations, net of tax 1,427us-gaap_IncomeLossFromContinuingOperations 879us-gaap_IncomeLossFromContinuingOperations 1,503us-gaap_IncomeLossFromContinuingOperations
Income (loss) from discontinued operations, net 185us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 36us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (1,686)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) 1,612us-gaap_NetIncomeLoss 915us-gaap_NetIncomeLoss (183)us-gaap_NetIncomeLoss
Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Weighted-average common stock outstanding 326us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 326us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 326us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Continuing operations (in dollars per share) $ 4.38us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.70us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 4.61us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share) $ 0.57us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.11us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (5.17)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Total (in dollars per share) $ 4.95us-gaap_EarningsPerShareBasic $ 2.81us-gaap_EarningsPerShareBasic $ (0.56)us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per common share attributable to Edison International common shareholders:      
Weighted-average shares of common stock outstanding, including effect of dilutive securities 329us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 329us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 330us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Continuing operations (in dollars per share) $ 4.33us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.67us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 4.55us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share) $ 0.56us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.11us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (5.11)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Total (in dollars per share) $ 4.89us-gaap_EarningsPerShareDiluted $ 2.78us-gaap_EarningsPerShareDiluted $ (0.56)us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 1.4825us-gaap_CommonStockDividendsPerShareDeclared $ 1.3675us-gaap_CommonStockDividendsPerShareDeclared $ 1.3125us-gaap_CommonStockDividendsPerShareDeclared
Southern California Edison      
Total operating revenue 13,380us-gaap_Revenues
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12,562us-gaap_Revenues
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11,851us-gaap_Revenues
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Purchased power and fuel 5,593us-gaap_CostOfPurchasedPower
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4,891us-gaap_CostOfPurchasedPower
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4,139us-gaap_CostOfPurchasedPower
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Operation and maintenance 3,057us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
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3,416us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
3,544us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Depreciation, decommissioning and amortization 1,720eix_DepreciationDecommissioningAndAmortization
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
1,622eix_DepreciationDecommissioningAndAmortization
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
1,562eix_DepreciationDecommissioningAndAmortization
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Property and other taxes 318eix_PropertyAndOtherTaxes
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
307eix_PropertyAndOtherTaxes
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
295eix_PropertyAndOtherTaxes
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Impairment and other charges 163us-gaap_GainLossOnContractTermination
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
575us-gaap_GainLossOnContractTermination
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
32us-gaap_GainLossOnContractTermination
/ dei_LegalEntityAxis
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Total operating expenses 10,851us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
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10,811us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
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9,572us-gaap_CostsAndExpenses
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Loss before equity in earnings of subsidiaries 2,529us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
1,751us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
2,279us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Interest and other income 122us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
122us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
144us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Interest expense (533)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
(520)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
(499)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Other expenses (79)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
(74)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
(50)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Income from continuing operations before income taxes 2,039eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
1,279eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
1,874eix_IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Income tax expense 474us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
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279us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
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214us-gaap_IncomeTaxExpenseBenefit
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Net income (loss) 1,565us-gaap_ProfitLoss
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[3] 1,000us-gaap_ProfitLoss
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[4] 1,660us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Preferred and preference stock dividend requirements of utility 112us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
100us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
91us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
Net income (loss) 1,453us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
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900us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
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1,569us-gaap_NetIncomeLoss
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Basic earnings (loss) per common share attributable to Edison International common shareholders:      
Net income (loss) $ 1,453us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= eix_SouthernCaliforniaEdisonCompanyMember
$ 900us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
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$ 1,569us-gaap_NetIncomeLoss
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= eix_SouthernCaliforniaEdisonCompanyMember
[1] SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice filing for reimbursement of recorded costs. 2013(in millions, except per-share amounts)Total Fourth Third Second FirstOperating revenue$12,581 $2,943 $3,960 $3,046 $2,632Operating income (loss)1,715 505 789 (71) 492Income (loss) from continuing operations1979 289 488 (82) 286Income (loss) from discontinued operations, net36 37 (25) 12 12Net income (loss) attributable to common shareholders915 301 438 (94) 271Basic earnings (loss) per share: Continuing operations2.70 0.81 1.42 (0.33) 0.79 Discontinued operations0.11 0.11 (0.08) 0.04 0.04Total2.81 0.92 1.34 (0.29) 0.83Diluted earnings (loss) per share: Continuing operations2.67 0.81 1.41 (0.33) 0.78 Discontinued operations0.11 0.11 (0.07) 0.04 0.04Total2.78 0.92 1.34 (0.29) 0.82Dividends declared per share1.3675 0.3550 0.3375 0.3375 0.3375Common stock prices: High54.19 49.95 50.34 54.19 51.24Low44.26 44.97 44.26 44.86 44.92Close46.30 46.30 46.06 48.16 50.32
[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] In the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice filing for reimbursement of recorded costs.
[4] 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