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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Total operating revenue $ 2,777 $ 2,908 $ 5,218 $ 5,420
Purchased power and fuel 1,064 1,078 1,858 1,864
Operation and maintenance 721 743 1,350 1,380
Depreciation, decommissioning and amortization 505 481 982 945
Property and other taxes 85 82 178 171
Impairment and other charges 21 0 21 0
Total operating expenses 2,396 2,384 4,389 4,360
Operating income 381 524 829 1,060
Interest and other income 33 43 65 82
Interest expense (144) (138) (284) (281)
Other expenses (11) (17) (19) (24)
Income from continuing operations before income taxes 259 412 591 837
Income tax (benefit) expense (47) 6 (9) 113
Income from continuing operations 306 406 600 724
Less: loss from discontinued operations (2) 0 (1) 0
Net income 304 406 599 724
Preferred and preference stock dividend requirements of SCE 31 28 61 56
Other noncontrolling interests (3) (1) (8) (10)
Net income attributable to common shareholders 276 379 546 678
Amounts attributable to Edison International common shareholders:        
Income from continuing operations, net of tax 278 379 547 678
Loss from discontinued operations, net of tax (2) 0 (1) 0
Net income attributable to common shareholders $ 276 $ 379 $ 546 $ 678
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) $ 0.86 $ 1.16 $ 1.68 $ 2.08
Discontinued operations (in dollars per share) (0.01) 0.00 0.00 0.00
Total (in dollars per share) $ 0.85 $ 1.16 $ 1.68 $ 2.08
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) 329 328 329 329
Continuing operations (in dollars per share) $ 0.85 $ 1.15 $ 1.66 $ 2.06
Discontinued operations (in dollars per share) (0.01) 0.00 0.00 0.00
Total (in dollars per share) 0.84 1.15 1.66 2.06
Dividends declared per common share (in dollars per share) $ 0.4800 $ 0.4175 $ 0.96 $ 0.8350
Southern California Edison        
Total operating revenue $ 2,768 $ 2,901 $ 5,204 $ 5,409
Purchased power and fuel 1,064 1,078 1,858 1,864
Operation and maintenance 687 724 1,290 1,346
Depreciation, decommissioning and amortization 503 481 978 943
Property and other taxes 85 82 176 170
Total operating expenses 2,339 2,365 4,302 4,323
Operating income 429 536 902 1,086
Interest and other income 33 31 65 64
Interest expense (134) (131) (265) (266)
Other expenses (11) (17) (19) (24)
Income from continuing operations before income taxes 317 419 683 860
Income tax (benefit) expense (29) 7 21 115
Net income 346 412 662 745
Preferred and preference stock dividend requirements of SCE 31 28 61 56
Net income attributable to common shareholders 315 384 601 689
Amounts attributable to Edison International common shareholders:        
Net income attributable to common shareholders $ 315 $ 384 $ 601 $ 689