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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total operating revenue $ 4,644 $ 3,741 $ 10,421 $ 9,377
Purchased power and fuel 1,817 1,708 3,813 3,848
Operation and maintenance 1,248 774 2,885 2,251
Wildfire-related claims, net of insurance recoveries 1,297 0 1,303 0
Wildfire Insurance Fund expense 85 67 252 67
Depreciation and amortization 490 459 1,463 1,260
Property and other taxes 114 99 328 302
Impairment and other (28) 0 (46) 166
Other operating income 0 (2) 0 (5)
Total operating expenses 5,023 3,105 9,998 7,889
Operating (loss) income (379) 636 423 1,488
Interest expense (222) (214) (676) (619)
Other income 84 58 217 151
(Loss) income before income taxes (517) 480 (36) 1,020
Income tax benefit (275) (22) (355) (212)
Net (loss) income (242) 502 319 1,232
Preferred and preference stock dividend requirements of SCE 46 31 106 91
Net (loss) income attributable to Edison International common shareholders (288) 471 213 1,141
Net (loss) income available for common stock $ (288) $ 471 $ 213 $ 1,141
Basic (loss) earnings per share:        
Weighted average common shares outstanding (in shares) 378 347 371 333
Basic (loss) earnings per common share attributable to Edison International common shareholders (in dollars per share) $ (0.76) $ 1.36 $ 0.57 $ 3.43
Diluted (loss) earnings per share:        
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 378 349 372 334
Diluted (loss) earnings per common share attributable to Edison International common shareholders (in dollars per share) $ (0.76) $ 1.35 $ 0.57 $ 3.42
Southern California Edison        
Total operating revenue $ 4,635 $ 3,732 $ 10,395 $ 9,348
Purchased power and fuel 1,817 1,708 3,813 3,848
Operation and maintenance 1,226 752 2,820 2,192
Wildfire-related claims, net of insurance recoveries 1,297 0 1,303 0
Wildfire Insurance Fund expense 85 67 252 67
Depreciation and amortization 489 459 1,461 1,259
Property and other taxes 113 98 326 300
Impairment and other (28) 0 (80) 166
Other operating income 0 (1) 0 (4)
Total operating expenses 4,999 3,083 9,895 7,828
Operating (loss) income (364) 649 500 1,520
Interest expense (188) (183) (575) (549)
Other income 83 58 217 152
(Loss) income before income taxes (469) 524 142 1,123
Income tax benefit (251) (10) (300) (183)
Net (loss) income (218) 534 442 1,306
Preferred and preference stock dividend requirements of SCE 46 31 106 91
Net (loss) income available for common stock $ (264) $ 503 $ 336 $ 1,215