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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenue $ 4,702 $ 5,228 $ 12,632 $ 13,204
Purchased power and fuel 1,988 2,485 4,453 4,826
Operation and maintenance 882 979 3,207 3,827
Wildfire-related claims, net of insurance recoveries 482 889 578 1,316
Wildfire Insurance Fund expense 54 54 159 160
Depreciation and amortization 665 738 1,971 1,922
Property and other taxes 139 128 428 374
Impairment, net of other operating income   (1)   60
Total operating expenses 4,210 5,272 10,796 12,485
Operating income (loss) 492 (44) 1,836 719
Interest expense (433) (302) (1,186) (819)
Other income 130 85 377 219
Income (loss) before income taxes 189 (261) 1,027 119
Income tax (benefit) expense (23) (187) 41 (235)
Net income (loss) 212 (74) 986 354
Less: Preference stock dividend requirements of SCE 30 27 88 78
Less: Preferred and preference stock dividend requirements 27 27 79 79
Net income (loss) attributable to Edison International common shareholders $ 155 $ (128) $ 819 $ 197
Basic earnings (loss) per share:        
Weighted average shares of common stock outstanding 383 382 383 381
Basic earnings (loss) per common share attributable to Edison International common shareholders $ 0.40 $ (0.33) $ 2.14 $ 0.52
Diluted earnings (loss) per share:        
Weighted average shares of common stock outstanding, including effect of dilutive securities 385 383 385 382
Diluted earnings (loss) per common share attributable to Edison International common shareholders $ 0.40 $ (0.33) $ 2.13 $ 0.52
SCE        
Operating revenue $ 4,687 $ 5,217 $ 12,586 $ 13,174
Purchased power and fuel 1,988 2,485 4,453 4,826
Operation and maintenance 854 977 3,170 3,781
Wildfire-related claims, net of insurance recoveries 479 880 575 1,307
Wildfire Insurance Fund expense 54 54 159 160
Depreciation and amortization 665 737 1,969 1,920
Property and other taxes 138 128 425 371
Impairment, net of other operating income   (1)   61
Total operating expenses 4,178 5,260 10,751 12,426
Operating income (loss) 509 (43) 1,835 748
Interest expense (369) (258) (997) (706)
Other income 128 71 375 210
Income (loss) before income taxes 268 (230) 1,213 252
Income tax (benefit) expense (1) (177) 96 (195)
Net income (loss) 269 (53) 1,117 447
Less: Preferred and preference stock dividend requirements 30 27 88 78
Net income (loss) attributable to Edison International common shareholders $ 239 $ (80) $ 1,029 $ 369