XML 42 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Total operating revenue $ 2,908 $ 3,016 $ 5,420 $ 5,943
Purchased power and fuel 1,078 1,239 1,864 2,382
Operation and maintenance 743 715 1,380 1,442
Depreciation, decommissioning and amortization 481 414 945 824
Property and other taxes 82 73 171 158
Impairment and other charges 0 0 0 231
Total operating expenses 2,384 2,441 4,360 5,037
Operating income 524 575 1,060 906
Interest and other income 43 46 82 69
Interest expense (138) (139) (281) (281)
Other expenses (17) (16) (24) (23)
Income from continuing operations before income taxes 412 466 837 671
Income tax expense 6 84 113 65
Income from continuing operations 406 382 724 606
Gain from discontinued operations, net of tax 0 184 0 162
Net income 406 566 724 768
Preferred and preference stock dividend requirements of utility 28 30 56 56
Other noncontrolling interests (1) 0 (10) 0
Net income attributable to Edison International common shareholders 379 536 678 712
Amounts attributable to Edison International common shareholders:        
Income from continuing operations, net of tax 379 352 678 550
Gain from discontinued operations, net of tax 0 184 0 162
Net income attributable to Edison International common shareholders $ 379 $ 536 $ 678 $ 712
Basic earnings 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) $ 1.16 $ 1.08 $ 2.08 $ 1.69
Discontinued operations (in dollars per share) 0.00 0.56 0.00 0.49
Total (in dollars per share) $ 1.16 $ 1.64 $ 2.08 $ 2.18
Diluted earnings per common share attributable to Edison International common shareholders:        
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 328 329 329 329
Continuing operations (in dollars per share) $ 1.15 $ 1.07 $ 2.06 $ 1.68
Discontinued operations (in dollars per share) 0.00 0.56 0.00 0.49
Total (in dollars per share) 1.15 1.63 2.06 2.17
Dividends declared per common share (in dollars per share) $ 0.4175 $ 0.3550 $ 0.8350 $ 0.7100
Southern California Edison        
Total operating revenue $ 2,901 $ 3,014 $ 5,409 $ 5,938
Purchased power and fuel 1,078 1,239 1,864 2,382
Operation and maintenance 724 697 1,346 1,410
Depreciation, decommissioning and amortization 481 414 943 824
Property and other taxes 82 71 170 156
Impairment and other charges 0 0 0 231
Total operating expenses 2,365 2,421 4,323 5,003
Operating income 536 593 1,086 935
Interest and other income 31 46 64 69
Interest expense (131) (134) (266) (269)
Other expenses (17) (15) (24) (23)
Income from continuing operations before income taxes 419 490 860 712
Income tax expense 7 98 115 86
Income from continuing operations     745 626
Net income 412 392 745 626
Preferred and preference stock dividend requirements of utility 28 30 56 56
Net income attributable to Edison International common shareholders 384 362 689 570
Amounts attributable to Edison International common shareholders:        
Net income attributable to Edison International common shareholders $ 384 $ 362 $ 689 $ 570