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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenue $ 3,672 $ 3,767 $ 9,100 $ 8,985
Purchased power and fuel 1,783 1,719 3,742 3,576
Operation and maintenance 713 740 2,016 2,090
Depreciation and amortization 524 521 1,535 1,504
Property and other taxes 98 92 284 269
Impairment charges 0 0 22 0
Other operating (income) and expenses (7) 0 (8) 21
Total operating expenses 3,111 3,072 7,591 7,460
Operating income 561 695 1,509 1,525
Interest and other income 42 32 111 97
Interest expense (162) (147) (473) (431)
Other expenses (9) (9) (28) (29)
Income from continuing operations before income taxes 432 571 1,119 1,162
Income tax (benefit) expense (69) 120 (83) 96
Income from continuing operations 501 451 1,202 1,066
Income from discontinued operations, net of tax 0 0 0 (1)
Net income 501 451 1,202 1,065
Preferred and preference stock dividend requirements of SCE 32 31 94 92
Other noncontrolling interests (1) (1) (2) (9)
Net income attributable to Edison International common shareholders 470 421 1,110 982
Amounts attributable to Edison International common shareholders:        
Income from continuing operations, net of tax 470 421 1,110 983
Income from discontinued operations, net of tax 0 0 0 (1)
Net income attributable to Edison International common shareholders $ 470 $ 421 $ 1,110 $ 982
Basic earnings per common share attributable to Edison International common shareholders:        
Weighted average common shares outstanding (in shares) 326 326 326 326
Continuing operations (in dollars per share) $ 1.44 $ 1.29 $ 3.41 $ 3.01
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) $ 1.44 $ 1.29 $ 3.41 $ 3.01
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) 328 330 329 330
Continuing operations (in dollars per share) $ 1.43 $ 1.27 $ 3.38 $ 2.98
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) 1.43 1.27 3.38 2.98
Dividends declared per common share (in dollars per share) $ 0.5425 $ 0.4800 $ 1.6275 $ 1.4400
Southern California Edison Company        
Operating revenue $ 3,652 $ 3,752 $ 9,061 $ 8,956
Purchased power and fuel 1,783 1,719 3,742 3,576
Operation and maintenance 681 702 1,918 1,993
Depreciation and amortization 521 519 1,528 1,497
Property and other taxes 97 91 279 268
Other operating (income) and expenses (8) 0 (8) 0
Total operating expenses 3,074 3,031 7,459 7,334
Operating income 578 721 1,602 1,622
Interest and other income 42 32 111 97
Interest expense (149) (137) (436) (402)
Other expenses (9) (9) (28) (26)
Income from continuing operations before income taxes 462 607 1,249 1,291
Income tax (benefit) expense (35) 141 34 151
Net income 497 466 1,215 1,140
Preferred and preference stock dividend requirements of SCE 32 31 94 92
Net income attributable to Edison International common shareholders 465 435 1,121 1,048
Amounts attributable to Edison International common shareholders:        
Net income attributable to Edison International common shareholders $ 465 $ 435 $ 1,121 $ 1,048