Consolidated Statements of Changes in Equity

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Consolidated Statements of Changes in Equity

Note 2.Consolidated Statements of Changes in Equity

The following table provides Edison International's changes in equity for the three and nine months ended September 30, 2021:

											Noncontrolling
	Equity Attributable to Edison International Shareholders										Interests
					Accumulated
					Other
	Preferred		Common		Comprehensive		Retained				Preference		Total
(in millions, except per share amounts)	Stock		Stock		Loss		Earnings		Subtotal		Stock		Equity
Balance at December 31, 2020	$	—	$	5,962	$	(69)	$	8,155	$	14,048	$	1,901	$	15,949
Net income		—		—		—		263		263		27		290
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		21		—		—		21		—		21
Preferred stock issued, net of issuance cost		1,237		—		—		—		1,237		—		1,237
Common stock dividends declared ($0.6625 per share)		—		—		—		(251)		(251)		—		(251)
Preferred stock dividend accrued ($3.434 per share)		—		—		—		(4)		(4)		—		(4)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(27)		(27)
Noncash stock-based compensation		—		6		—		—		6		—		6
Balance at March 31, 2021	$	1,237	$	5,989	$	(67)	$	8,163	$	15,322	$	1,901	$	17,223
Net income		—		—		—		335		335		26		361
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		14		—		—		14		—		14
Preferred stock issuance cost		(2)		—		—		—		(2)		—		(2)
Common stock dividends declared ($0.6625 per share)		—		—		—		(252)		(252)		—		(252)
Preferred stock dividend accrued ($13.2882 per share)		—		—		—		(17)		(17)		—		(17)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(26)		(26)
Noncash stock-based compensation		—		10		—		—		10		—		10
Balance at June 30, 2021	$	1,235	$	6,013	$	(65)	$	8,229	$	15,412	$	1,901	$	17,313
Net (loss) income		—		—		—		(324)		(324)		27		(297)
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		10		—		—		10		—		10
Common stock dividends declared ($0.6625 per share)		—		—		—		(252)		(252)		—		(252)
Preferred stock dividend accrued ($13.4375 per share)		—		—		—		(17)		(17)		—		(17)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(27)		(27)
Noncash stock-based compensation		—		10		—		—		10		—		10
Balance at September 30, 2021	$	1,235	$	6,033	$	(63)	$	7,636	$	14,841	$	1,901	$	16,742

The following table provides Edison International's changes in equity for the three and nine months ended September 30, 2020:

											Noncontrolling
	Equity Attributable to Edison International Shareholders										Interests
					Accumulated						Preferred
					Other						and
	Preferred		Common		Comprehensive		Retained				Preference		Total
(in millions, except per share amounts)	Stock		Stock		Loss		Earnings		Subtotal		Stock		Equity
Balance at December 31, 2019	$	—	$	4,990	$	(69)	$	8,382	$	13,303	$	2,193	$	15,496
Net income		—		—		—		183		183		30		213
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		88		—		—		88		—		88
Common stock dividends declared ($0.6375 per share)		—		—		—		(232)		(232)		—		(232)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(30)		(30)
Noncash stock-based compensation		—		7		—		—		7		—		7
Balance at March 31, 2020	$	—	$	5,085	$	(67)	$	8,333	$	13,351	$	2,193	$	15,544
Net income		—		—		—		318		318		30		348
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		815		—		—		815		—		815
Common stock dividends declared ($0.6375 per share)		—		—		—		(241)		(241)		—		(241)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(30)		(30)
Noncash stock-based compensation		—		8		—		—		8		—		8
Balance at June 30, 2020	$	—	$	5,908	$	(65)	$	8,410	$	14,253	$	2,193	$	16,446
Net (loss) income		—		—		—		(288)		(288)		46		(242)
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		15		—		—		15		—		15
Common stock dividends declared ($0.6375 per share)		—		—		—		(241)		(241)		—		(241)
Dividends to noncontrolling interests ($0.247 - $0.289 per share for preferred stock; $15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(31)		(31)
Noncash stock-based compensation and other		—		7		—		—		7		1		8
Redemption of preferred and preference stock		—		—		—		—		—		(308)		(308)
Balance at September 30, 2020	$	—	$	5,930	$	(63)	$	7,881	$	13,748	$	1,901	$	15,649

The following table provides SCE's changes in equity for the three and nine months ended September 30, 2021:

							Accumulated
					Additional		Other
	Preference		Common		Paid-in		Comprehensive		Retained		Total
(in millions, except per share amounts)	Stock		Stock		Capital		Loss		Earnings		Equity
Balance at December 31, 2020	$	1,945	$	2,168	$	5,387	$	(41)	$	9,191	$	18,650
Net income		—		—		—		—		323		323
Other comprehensive income		—		—		—		2		—		2
Capital contribution from Edison International Parent		—		—		900		—		—		900
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends on preference stock ($15.625 - $35.936 per share)		—		—		—		—		(27)		(27)
Stock-based compensation		—		—		(4)		—		—		(4)
Noncash stock-based compensation		—		—		3		—		—		3
Balance at March 31, 2021	$	1,945	$	2,168	$	6,286	$	(39)	$	9,162	$	19,522
Net income		—		—		—		—		385		385
Other comprehensive income		—		—		—		1		—		1
Capital contribution from Edison International Parent		—		—		325		—		—		325
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preference stock ($15.625 - $35.936 per share)		—		—		—		—		(26)		(26)
Noncash stock-based compensation		—		—		5		—		—		5
Balance at June 30, 2021	$	1,945	$	2,168	$	6,616	$	(38)	$	9,196	$	19,887
Net loss		—		—		—		—		(257)		(257)
Other comprehensive income		—		—		—		2		—		2
Capital contribution from Edison International Parent		—		—		83		—		—		83
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preference stock ($15.625 - $35.936 per share)		—		—		—		—		(27)		(27)
Noncash stock-based compensation and other		—		—		5		—		—		5
Balance at September 30, 2021	$	1,945	$	2,168	$	6,704	$	(36)	$	8,587	$	19,368

The following table provides SCE's changes in equity for the three and nine months ended September 30, 2020:

	Preferred						Accumulated
	and				Additional		Other
	Preference		Common		Paid-in		Comprehensive		Retained		Total
(in millions, except per share amounts)	Stock		Stock		Capital		Loss		Earnings		Equity
Balance at December 31, 2019	$	2,245	$	2,168	$	3,939	$	(39)	$	9,514	$	17,827
Net income		—		—		—		—		249		249
Other comprehensive income		—		—		—		2		—		2
Capital contribution from Edison International Parent		—		—		269		—		—		269
Dividends declared on common stock ($0.6185 per share)		—		—		—		—		(269)		(269)
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock (15.625 - $35.936 per share)		—		—		—		—		(30)		(30)
Stock-based compensation		—		—		(5)		—		—		(5)
Noncash stock-based compensation		—		—		4		—		(1)		3
Balance at March 31, 2020	$	2,245	$	2,168	$	4,207	$	(37)	$	9,463	$	18,046
Net income		—		—		—		—		411		411
Other comprehensive income		—		—		—		1		—		1
Capital contribution from Edison International Parent		—		—		619		—		—		619
Dividends declared on common stock ($0.6185 per share)		—		—		—		—		(269)		(269)
Dividends declared on preferred and preference stock ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)		—		—		—		—		(30)		(30)
Noncash stock-based compensation		—		—		3		—		—		3
Balance at June 30, 2020	$	2,245	$	2,168	$	4,829	$	(36)	$	9,575	$	18,781
Net loss		—		—		—		—		(218)		(218)
Other comprehensive income		—		—		—		1		—		1
Capital contribution from Edison International Parent		—		—		219		—		—		219
Dividends declared on common stock ($0.6185 per share)		—		—		—		—		(269)		(269)
Dividends declared on preferred and preference stock ($0.247 - $0.289 per share for preferred stock; $15.625 - $35.936 per share for preference stock)		—		—		—		—		(31)		(31)
Noncash stock-based compensation and other		—		—		3		—		1		4
Redemption of preferred and preference stock		(300)		—		7		—		(15)		(308)
Balance at September 30, 2020	$	1,945	$	2,168	$	5,058	$	(35)	$	9,043	$	18,179