XML 131 R111.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data (Unaudited) (Details) - USD ($)
3 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Jun. 30, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Quarterly Financial Data [Line Items]                          
Total operating revenue $ 2,341,000,000 $ 3,763,000,000 $ 2,908,000,000 $ 2,512,000,000 $ 3,114,000,000 $ 4,356,000,000 $ 3,016,000,000 $ 2,926,000,000   $ 11,524,000,000 $ 13,413,000,000 $ 12,581,000,000  
Operating income 340,000,000 608,000,000 524,000,000 538,000,000 693,000,000 874,000,000 575,000,000 331,000,000   2,008,000,000 2,472,000,000 1,715,000,000  
Income from continuing operations (47,000,000) [1] 405,000,000 [1] 406,000,000 [1] 318,000,000 [1] 406,000,000 [2] 524,000,000 [2] 382,000,000 [2] 224,000,000 [2]   1,082,000,000 [1] 1,536,000,000 [2] 979,000,000  
Income (loss) from discontinued operations, net (8,000,000) 43,000,000 0 0 39,000,000 (16,000,000) 184,000,000 (22,000,000)   35,000,000 185,000,000 36,000,000  
Net income                   1,117,000,000 1,721,000,000 1,015,000,000  
Net income (loss) attributable to common shareholders $ (79,000,000) $ 421,000,000 $ 379,000,000 $ 299,000,000 $ 420,000,000 $ 480,000,000 $ 536,000,000 $ 176,000,000   $ 1,020,000,000 $ 1,612,000,000 $ 915,000,000  
Basic earnings (loss) per share:                          
Basic earnings (loss) per share – continuing operations (in dollars per share) $ (0.22) $ 1.16 $ 1.16 $ 0.92 $ 1.17 $ 1.52 $ 1.08 $ 0.61   $ 3.02 $ 4.38 $ 2.70  
Basic earnings (loss) per share – discontinued operations (in dollars per share) (0.02) 0.13 0.00 0.00 0.12 (0.05) 0.56 (0.07)   0.11 0.57 0.11  
Total (in dollars per share) (0.24) 1.29 1.16 0.92 1.29 1.47 1.64 0.54   3.13 4.95 2.81  
Diluted earnings (loss) per share:                          
Diluted earnings (loss) per share – continuing operations (in dollars per share) (0.22) 1.15 1.15 0.91 1.15 1.51 1.07 0.61   2.99 4.33 2.67  
Diluted earnings (loss) per share – discontinued operations (in dollars per share) (0.02) 0.13 0.00 0.00 0.12 (0.05) 0.56 (0.07)   0.11 0.56 0.11  
Total (in dollars per share) (0.24) 1.28 1.15 0.91 1.27 1.46 1.63 0.54   3.10 4.89 2.78  
Dividends declared per share (in dollars per share) 0.48 0.4175 0.4175 0.4175 0.4175 0.3550 0.3550 0.3550   1.7325 1.4825 $ 1.3675  
Common stock prices:                          
High (in dollars per share) 66.29 63.18 64.55 69.59 68.74 59.54 58.24 56.61   69.59 68.74    
Low (in dollars per share) 57.51 55.52 55.18 61.02 55.88 54.12 53.63 44.74   55.18 44.74    
Close (in dollars per share) $ 59.21 $ 63.07 $ 55.58 $ 62.47 $ 65.48 $ 55.92 $ 58.11 $ 56.61   $ 59.21 $ 65.48   $ 65.48
Impairment and other charges $ 382,000,000                 $ 5,000,000 $ 157,000,000 $ 571,000,000  
Southern California Edison                          
Quarterly Financial Data [Line Items]                          
Total operating revenue 2,319,000,000 $ 3,757,000,000 $ 2,901,000,000 $ 2,508,000,000 $ 3,104,000,000 $ 4,338,000,000 $ 3,014,000,000 $ 2,924,000,000   11,485,000,000 13,380,000,000 12,562,000,000  
Operating income 366,000,000 626,000,000 536,000,000 550,000,000 715,000,000 881,000,000 593,000,000 342,000,000   2,080,000,000 2,529,000,000 1,751,000,000  
Net income (51,000,000) [3] 417,000,000 [3] 412,000,000 [3] 333,000,000 [3] 408,000,000 [4] 531,000,000 [4] 392,000,000 [4] 234,000,000 [4]   1,111,000,000 [3] 1,565,000,000 [4] 1,000,000,000  
Net income (loss) attributable to common shareholders (80,000,000) 389,000,000 384,000,000 305,000,000 380,000,000 503,000,000 362,000,000 208,000,000   998,000,000 1,453,000,000 900,000,000  
Common stock prices:                          
Common dividends declared $ 170,000,000 $ 147,000,000 $ 147,000,000 $ 147,000,000 147,000,000 $ 126,000,000 126,000,000 $ 126,000,000   611,000,000 525,000,000    
Impairment and other charges                   $ 0 163,000,000 $ 575,000,000  
San Onofre | Southern California Edison                          
Common stock prices:                          
Impairment and other charges         68,000,000   231,000,000   $ 575,000,000   163,000,000   $ 738,000,000
Asset impairment net of tax         $ 24,000,000   $ 96,000,000   $ 365,000,000   $ 72,000,000   $ 437,000,000
[1] In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions. 2014(in millions, except per-share amounts)Total Fourth Third Second FirstOperating revenue$13,413 $3,114 $4,356 $3,016 $2,926Operating income 2,472 693 874 575 331Income from continuing operations11,536 406 524 382 224Income (loss) from discontinued operations, net185 39 (16) 184 (22)Net income attributable to common shareholders1,612 420 480 536 176Basic earnings (loss) per share: Continuing operations$4.38 $1.17 $1.52 $1.08 $0.61 Discontinued operations0.57 0.12 (0.05) 0.56 (0.07)Total$4.95 $1.29 $1.47 $1.64 $0.54Diluted earnings (loss) per share: Continuing operations$4.33 $1.15 $1.51 $1.07 $0.61 Discontinued operations0.56 0.12 (0.05) 0.56 (0.07)Total$4.89 $1.27 $1.46 $1.63 $0.54Dividends declared per share1.4825 0.4175 0.3550 0.3550 0.3550Common stock prices: High68.74 68.74 59.54 58.24 56.61Low44.74 55.88 54.12 53.63 44.74Close65.48 65.48 55.92 58.11 56.61
[2] During 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 for reimbursement of recorded costs.
[3] In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions. 2014(in millions)Total Fourth Third Second FirstOperating revenue$13,380 $3,104 $4,338 $3,014 $2,924Operating income2,529 715 881 593 342Net income11,565 408 531 392 234Net income available for common stock1,453 380 503 362 208Common dividends declared525 147 126 126 126
[4] During 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 for reimbursement of recorded costs.