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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Edison International's quarterly financial data is as follows:
 
2014
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
13,413

 
$
3,114

 
$
4,356

 
$
3,016

 
$
2,926

Operating income
2,472

 
693

 
874

 
575

 
331

Income from continuing operations1
1,536

 
406

 
524

 
382

 
224

Income (loss) from discontinued operations, net
185

 
39

 
(16
)
 
184

 
(22
)
Net income attributable to common shareholders
1,612

 
420

 
480

 
536

 
176

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
4.38

 
1.17

 
1.52

 
1.08

 
0.61

  Discontinued operations
0.57

 
0.12

 
(0.05
)
 
0.56

 
(0.07
)
Total
4.95

 
1.29

 
1.47

 
1.64

 
0.54

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
4.33

 
1.15

 
1.51

 
1.07

 
0.61

  Discontinued operations
0.56

 
0.12

 
(0.05
)
 
0.56

 
(0.07
)
Total
4.89

 
1.27

 
1.46

 
1.63

 
0.54

Dividends declared per share
1.4825

 
0.4175

 
0.3550

 
0.3550

 
0.3550

Common stock prices:
 
 
 
 
 
 
 
 
 
High
68.74

 
68.74

 
59.54

 
58.24

 
56.61

Low
44.74

 
55.88

 
54.12

 
53.63

 
44.74

Close
65.48

 
65.48

 
55.92

 
58.11

 
56.61


1 
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.
 
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.
SCE's quarterly financial data is as follows:
 
2014
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
13,380

 
$
3,104

 
$
4,338

 
$
3,014

 
$
2,924

Operating income
2,529

 
715

 
881

 
593

 
342

Net income1
1,565

 
408

 
531

 
392

 
234

Net income available for common stock
1,453

 
380

 
503

 
362

 
208

Common dividends declared
525

 
147

 
126

 
126

 
126

1 
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.
 
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.