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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue $ 3,964 $ 4,008 $ 7,930 $ 7,976
Purchased power and fuel 1,147 1,304 2,465 2,341
Operation and maintenance 1,241 1,361 2,325 2,848
Wildfire-related claims, net of insurance recoveries   2 96 427
Wildfire Insurance Fund expense 53 53 105 106
Depreciation and amortization 650 601 1,306 1,184
Property and other taxes 149 120 289 246
Impairment, net of other operating income   63   61
Total operating expenses 3,240 3,504 6,586 7,213
Operating income 724 504 1,344 763
Interest expense (392) (271) (753) (517)
Other income 128 66 247 134
Income before income taxes 460 299 838 380
Income tax expense (benefit) 51 7 64 (48)
Net income 409 292 774 428
Less: Preferred and preference stock dividend requirements 26 26 52 52
Net income attributable to Edison International common shareholders $ 354 $ 241 $ 664 $ 325
Basic earnings per share:        
Weighted average shares of common stock outstanding 383 381 383 381
Basic earnings per common share attributable to Edison International common shareholders $ 0.92 $ 0.63 $ 1.73 $ 0.85
Diluted earnings per share:        
Weighted average shares of common stock outstanding, including effect of dilutive securities 385 383 385 382
Diluted earnings per common share attributable to Edison International common shareholders $ 0.92 $ 0.63 $ 1.73 $ 0.85
SCE        
Operating revenue $ 3,949 $ 3,996 $ 7,899 $ 7,957
Purchased power and fuel 1,147 1,304 2,465 2,341
Operation and maintenance 1,235 1,339 2,316 2,805
Wildfire-related claims, net of insurance recoveries   2 96 427
Wildfire Insurance Fund expense 53 53 105 106
Depreciation and amortization 648 600 1,304 1,183
Property and other taxes 148 119 287 243
Impairment, net of other operating income   64   62
Total operating expenses 3,231 3,481 6,573 7,167
Operating income 718 515 1,326 790
Interest expense (328) (234) (628) (447)
Other income 127 68 247 139
Income before income taxes 517 349 945 482
Income tax expense (benefit) 68 22 97 (18)
Net income 449 327 848 500
Less: Preferred and preference stock dividend requirements 29 25 58 51
Net income attributable to Edison International common shareholders $ 420 $ 302 $ 790 $ 449