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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Edison International's quarterly financial data is as follows:
| 2012
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,862 |  |  | $ | 3,060 |  |  | $ | 3,734 |  |  | $ | 2,653 |  |  | $ | 2,415 |
Operating income | 2,285 |  |  | 765 |  |  | 714 |  |  | 420 |  |  | 389 |
Income from continuing operations 1, 2 | 1,594 |  |  | 812 |  |  | 382 |  |  | 207 |  |  | 196 |
Loss from discontinued operations, net 3 | (1,686 | ) |  | (1,326 | ) |  | (167 | ) |  | (109 | ) |  | (84 | )
Net income (loss) attributable to common shareholders | (183 | ) |  | (539 | ) |  | 190 |  |  | 74 |  |  | 93 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 4.61 |  |  | 2.42 |  |  | 1.09 |  |  | 0.57 |  |  | 0.54 |
Discontinued operations | (5.17 | ) |  | (4.07 | ) |  | (0.51 | ) |  | (0.34 | ) |  | (0.26 | )
Total | (0.56 | ) |  | (1.65 | ) |  | 0.58 |  |  | 0.23 |  |  | 0.28 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 4.55 |  |  | 2.39 |  |  | 1.09 |  |  | 0.55 |  |  | 0.54 |
Discontinued operations | (5.11 | ) |  | (4.03 | ) |  | (0.51 | ) |  | (0.33 | ) |  | (0.26 | )
Total | (0.56 | ) |  | (1.64 | ) |  | 0.58 |  |  | 0.22 |  |  | 0.28 |
Dividends declared per share | 1.3125 |  |  | 0.3375 |  |  | 0.325 |  |  | 0.325 |  |  | 0.325 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 47.96 |  |  | 47.96 |  |  | 46.94 |  |  | 46.55 |  |  | 44.50 |
Low | 39.60 |  |  | 42.57 |  |  | 43.10 |  |  | 41.42 |  |  | 39.60 |
Close | 45.19 |  |  | 45.19 |  |  | 45.69 |  |  | 46.20 |  |  | 42.51 |
1 | During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.
2 | During the fourth quarter of 2012, SCE corrected errors, primarily related to deferred taxes, that resulted in a net earnings benefit of $33 million which were not considered material to the current and prior period consolidated financial statements.
3 | During the fourth quarter of 2012, Edison International recorded a full impairment of its $1.2 billion investment in EME. See Note 17 for further information.
| 2011
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 10,588 |  |  | $ | 2,517 |  |  | $ | 3,389 |  |  | $ | 2,449 |  |  | $ | 2,233 |
Operating income | 2,061 |  |  | 440 |  |  | 755 |  |  | 434 |  |  | 433 |
Income from continuing operations | 1,100 |  |  | 236 |  |  | 408 |  |  | 223 |  |  | 234 |
Income (loss) from discontinued operations, net | (1,078 | ) |  | (1,060 | ) |  | 33 |  |  | (32 | ) |  | (20 | )
Net income (loss) attributable to common shareholders | (37 | ) |  | (839 | ) |  | 426 |  |  | 176 |  |  | 200 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 3.20 |  |  | 0.68 |  |  | 1.21 |  |  | 0.64 |  |  | 0.67 |
Discontinued operations | (3.31 | ) |  | (3.25 | ) |  | 0.10 |  |  | (0.10 | ) |  | (0.06 | )
Total | (0.11 | ) |  | (2.57 | ) |  | 1.31 |  |  | 0.54 |  |  | 0.61 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 3.17 |  |  | 0.66 |  |  | 1.20 |  |  | 0.64 |  |  | 0.67 |
Discontinued operations | (3.28 | ) |  | (3.22 | ) |  | 0.10 |  |  | (0.10 | ) |  | (0.06 | )
Total | (0.11 | ) |  | (2.56 | ) |  | 1.30 |  |  | 0.54 |  |  | 0.61 |
Dividends declared per share | 1.285 |  |  | 0.325 |  |  | 0.320 |  |  | 0.320 |  |  | 0.320 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 41.57 |  |  | 41.57 |  |  | 39.25 |  |  | 40.15 |  |  | 39.20 |
Low | 32.64 |  |  | 35.63 |  |  | 32.64 |  |  | 36.54 |  |  | 35.12 |
Close | 41.40 |  |  | 41.40 |  |  | 38.25 |  |  | 38.75 |  |  | 36.59 |
SCE's quarterly financial data is as follows:
| 2012
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,851 |  |  | $ | 3,057 |  |  | $ | 3,731 |  |  | $ | 2,651 |  |  | $ | 2,412 |
Operating income | 2,279 |  |  | 792 |  |  | 659 |  |  | 430 |  |  | 397 |
Net income 1, 2 | 1,660 |  |  | 858 |  |  | 388 |  |  | 214 |  |  | 201 |
Net income available for common stock | 1,569 |  |  | 833 |  |  | 363 |  |  | 191 |  |  | 182 |
Common dividends declared | 469 |  |  | 120 |  |  | 116 |  |  | 116 |  |  | 116 |
| 2011
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 10,577 |  |  | $ | 2,514 |  |  | $ | 3,386 |  |  | $ | 2,446 |  |  | $ | 2,232 |
Operating income | 2,123 |  |  | 474 |  |  | 764 |  |  | 443 |  |  | 443 |
Net income | 1,144 |  |  | 262 |  |  | 421 |  |  | 226 |  |  | 236 |
Net income available for common stock | 1,085 |  |  | 247 |  |  | 406 |  |  | 211 |  |  | 222 |
Common dividends declared | 461 |  |  | 116 |  |  | 115 |  |  | 115 |  |  | 115 |
1 | During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.
2 | During the fourth quarter of 2012, SCE corrected errors, primarily related to deferred taxes, that resulted in a net earnings benefit of $33 million which were not considered material to the current and prior period consolidated financial statements.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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