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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Edison International's quarterly financial data is as follows:
| 2013
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 12,581 |  |  | $ | 2,943 |  |  | $ | 3,960 |  |  | $ | 3,046 |  |  | $ | 2,632 |
Operating income (loss) | 1,715 |  |  | 505 |  |  | 789 |  |  | (71 | ) |  | 492 |
Income (loss) from continuing operations 1 | 979 |  |  | 289 |  |  | 488 |  |  | (82 | ) |  | 286 |
Income (loss) from discontinued operations, net | 36 |  |  | 37 |  |  | (25 | ) |  | 12 |  |  | 12 |
Net income (loss) attributable to common shareholders | 915 |  |  | 301 |  |  | 438 |  |  | (94 | ) |  | 271 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 2.70 |  |  | 0.81 |  |  | 1.42 |  |  | (0.33 | ) |  | 0.79 |
Discontinued operations | 0.11 |  |  | 0.11 |  |  | (0.08 | ) |  | 0.04 |  |  | 0.04 |
Total | 2.81 |  |  | 0.92 |  |  | 1.34 |  |  | (0.29 | ) |  | 0.83 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | 2.67 |  |  | 0.81 |  |  | 1.41 |  |  | (0.33 | ) |  | 0.78 |
Discontinued operations | 0.11 |  |  | 0.11 |  |  | (0.07 | ) |  | 0.04 |  |  | 0.04 |
Total | 2.78 |  |  | 0.92 |  |  | 1.34 |  |  | (0.29 | ) |  | 0.82 |
Dividends declared per share | 1.3675 |  |  | 0.3550 |  |  | 0.3375 |  |  | 0.3375 |  |  | 0.3375 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 54.19 |  |  | 49.95 |  |  | 50.34 |  |  | 54.19 |  |  | 51.24 |
Low | 44.26 |  |  | 44.97 |  |  | 44.26 |  |  | 44.86 |  |  | 44.92 |
Close | 46.30 |  |  | 46.30 |  |  | 46.06 |  |  | 48.16 |  |  | 50.32 |
1 | During the second quarter of 2013, SCE recorded an impairment charge of $575 million ($365 million after tax) related to the permanent retirement of San Onofre Units 2 and 3.
| 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 |  |  | 713 |  |  | 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 |  |  | 0.56 |  |  | 0.54 |
Discontinued operations | (5.17 | ) |  | (4.07 | ) |  | (0.51 | ) |  | (0.33 | ) |  | (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 investment in EME. See Note 16 for further information.
SCE's quarterly financial data is as follows:
| 2013
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 12,562 |  |  | $ | 2,931 |  |  | $ | 3,957 |  |  | $ | 3,045 |  |  | $ | 2,629 |
Operating income (loss) | 1,751 |  |  | 505 |  |  | 804 |  |  | (55 | ) |  | 498 |
Net income (loss)1 | 1,000 |  |  | 283 |  |  | 502 |  |  | (67 | ) |  | 283 |
Net income (loss) available for common stock | 900 |  |  | 258 |  |  | 477 |  |  | (91 | ) |  | 256 |
Common dividends declared | 486 |  |  | 126 |  |  | 120 |  |  | 120 |  |  | 120 |
1 | During the second quarter of 2013, SCE recorded an impairment charge of $575 million ($365 million after tax) related to the permanent retirement of San Onofre Units 2 and 3.
| 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 |
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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