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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) 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.
Due to the seasonal nature of Edison International and SCE's business, a significant amount of revenue and earnings are recorded in the third quarter of each year. As a result of rounding, the total of the four quarters does not always equal the amount for the year.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: 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=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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