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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total operating revenue $ 2,987 $ 2,812 $ 5,777 $ 5,636
Purchased power and fuel 1,068 1,135 1,996 2,140
Operation and maintenance 762 595 1,643 1,477
Wildfire Insurance Fund expense 83 0 167 0
Depreciation and amortization 489 321 973 801
Property and other taxes 103 93 214 203
Impairment and other (18) 170 (18) 166
Other operating income 0 (2) 0 (3)
Total operating expenses 2,487 2,312 4,975 4,784
Operating income 500 500 802 852
Interest expense (229) (211) (454) (405)
Other income 81 55 133 93
Income before taxes 352 344 481 540
Income tax expense (benefit) 4 (78) (80) (190)
Net income 348 422 561 730
Preferred and preference stock dividend requirements of SCE 30 30 60 60
Net income attributable to Edison International common shareholders 318 392 501 670
Net income available for common stock $ 318 $ 392 $ 501 $ 670
Basic earnings per share:        
Weighted average common shares outstanding (in shares) 375 326 367 326
Basic earnings per common share attributable to Edison International common shareholders (in dollars per share) $ 0.85 $ 1.20 $ 1.37 $ 2.05
Diluted earnings per share:        
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 376 327 368 327
Diluted earnings per common share attributable to Edison International common shareholders (in dollars per share) $ 0.85 $ 1.20 $ 1.36 $ 2.05
Southern California Edison        
Total operating revenue $ 2,980 $ 2,800 $ 5,760 $ 5,616
Purchased power and fuel 1,068 1,135 1,996 2,140
Operation and maintenance 741 571 1,600 1,440
Wildfire Insurance Fund expense 83 0 167 0
Depreciation and amortization 489 320 972 800
Property and other taxes 103 93 213 202
Impairment and other (52) 170 (52) 166
Other operating income 0 (2) 0 (3)
Total operating expenses 2,432 2,287 4,896 4,745
Operating income 548 513 864 871
Interest expense (193) (188) (387) (366)
Other income 82 56 134 94
Income before taxes 437 381 611 599
Income tax expense (benefit) 26 (68) (49) (173)
Net income 411 449 660 772
Preferred and preference stock dividend requirements of SCE 30 30 60 60
Net income available for common stock $ 381 $ 419 $ 600 $ 712