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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Edison International's quarterly financial data is as follows:
 
2015
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,524

 
$
2,341

 
$
3,763

 
$
2,908

 
$
2,512

Operating income
2,008

 
340

 
608

 
524

 
538

Income (loss) from continuing operations1
1,082

 
(47
)
 
405

 
406

 
318

Income (loss) from discontinued operations, net
35

 
(8
)
 
43

 

 

Net income (loss) attributable to common shareholders
1,020

 
(79
)
 
421

 
379

 
299

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
3.02

 
$
(0.22
)
 
$
1.16

 
$
1.16

 
$
0.92

  Discontinued operations
0.11

 
(0.02
)
 
0.13

 

 

Total
$
3.13

 
$
(0.24
)
 
$
1.29

 
$
1.16

 
$
0.92

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
2.99

 
$
(0.22
)
 
$
1.15

 
$
1.15

 
$
0.91

  Discontinued operations
0.11

 
(0.02
)
 
0.13

 

 

Total
$
3.10

 
$
(0.24
)
 
$
1.28

 
$
1.15

 
$
0.91

Dividends declared per share
1.7325

 
0.4800

 
0.4175

 
0.4175

 
0.4175

Common stock prices:
 
 
 
 
 
 
 
 
 
High
69.59

 
66.29

 
63.18

 
64.55

 
69.59

Low
55.18

 
57.51

 
55.52

 
55.18

 
61.02

Close
59.21

 
59.21

 
63.07

 
55.58

 
62.47


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
 
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 
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.
SCE's quarterly financial data is as follows:
 
2015
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,485

 
$
2,319

 
$
3,757

 
$
2,901

 
$
2,508

Operating income
2,080

 
366

 
626

 
536

 
550

Net income (loss)1
1,111

 
(51
)
 
417

 
412

 
333

Net income (loss) available for common stock
998

 
(80
)
 
389

 
384

 
305

Common dividends declared
611

 
170

 
147

 
147

 
147

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)
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 
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.