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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) Edison International's quarterly financial data is as follows:
| 2015
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,524 |  |  | $ | 2,341 |  |  | $ | 3,763 |  |  | $ | 2,908 |  |  | $ | 2,512 |
Operating income | 2,008 |  |  | 340 |  |  | 608 |  |  | 524 |  |  | 538 |
Income (loss) from continuing operations 1 | 1,082 |  |  | (47 | ) |  | 405 |  |  | 406 |  |  | 318 |
Income (loss) from discontinued operations, net | 35 |  |  | (8 | ) |  | 43 |  |  | — |  |  | — |
Net income (loss) attributable to common shareholders | 1,020 |  |  | (79 | ) |  | 421 |  |  | 379 |  |  | 299 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 3.02 |  |  | $ | (0.22 | ) |  | $ | 1.16 |  |  | $ | 1.16 |  |  | $ | 0.92 |
Discontinued operations | 0.11 |  |  | (0.02 | ) |  | 0.13 |  |  | — |  |  | — |
Total | $ | 3.13 |  |  | $ | (0.24 | ) |  | $ | 1.29 |  |  | $ | 1.16 |  |  | $ | 0.92 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 2.99 |  |  | $ | (0.22 | ) |  | $ | 1.15 |  |  | $ | 1.15 |  |  | $ | 0.91 |
Discontinued operations | 0.11 |  |  | (0.02 | ) |  | 0.13 |  |  | — |  |  | — |
Total | $ | 3.10 |  |  | $ | (0.24 | ) |  | $ | 1.28 |  |  | $ | 1.15 |  |  | $ | 0.91 |
Dividends declared per share | 1.7325 |  |  | 0.4800 |  |  | 0.4175 |  |  | 0.4175 |  |  | 0.4175 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 69.59 |  |  | 66.29 |  |  | 63.18 |  |  | 64.55 |  |  | 69.59 |
Low | 55.18 |  |  | 57.51 |  |  | 55.52 |  |  | 55.18 |  |  | 61.02 |
Close | 59.21 |  |  | 59.21 |  |  | 63.07 |  |  | 55.58 |  |  | 62.47 |
1 | In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.
| 2014
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 13,413 |  |  | $ | 3,114 |  |  | $ | 4,356 |  |  | $ | 3,016 |  |  | $ | 2,926 |
Operating income | 2,472 |  |  | 693 |  |  | 874 |  |  | 575 |  |  | 331 |
Income from continuing operations 1 | 1,536 |  |  | 406 |  |  | 524 |  |  | 382 |  |  | 224 |
Income (loss) from discontinued operations, net | 185 |  |  | 39 |  |  | (16 | ) |  | 184 |  |  | (22 | )
Net income attributable to common shareholders | 1,612 |  |  | 420 |  |  | 480 |  |  | 536 |  |  | 176 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 4.38 |  |  | $ | 1.17 |  |  | $ | 1.52 |  |  | $ | 1.08 |  |  | $ | 0.61 |
Discontinued operations | 0.57 |  |  | 0.12 |  |  | (0.05 | ) |  | 0.56 |  |  | (0.07 | )
Total | $ | 4.95 |  |  | $ | 1.29 |  |  | $ | 1.47 |  |  | $ | 1.64 |  |  | $ | 0.54 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 4.33 |  |  | $ | 1.15 |  |  | $ | 1.51 |  |  | $ | 1.07 |  |  | $ | 0.61 |
Discontinued operations | 0.56 |  |  | 0.12 |  |  | (0.05 | ) |  | 0.56 |  |  | (0.07 | )
Total | $ | 4.89 |  |  | $ | 1.27 |  |  | $ | 1.46 |  |  | $ | 1.63 |  |  | $ | 0.54 |
Dividends declared per share | 1.4825 |  |  | 0.4175 |  |  | 0.3550 |  |  | 0.3550 |  |  | 0.3550 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 68.74 |  |  | 68.74 |  |  | 59.54 |  |  | 58.24 |  |  | 56.61 |
Low | 44.74 |  |  | 55.88 |  |  | 54.12 |  |  | 53.63 |  |  | 44.74 |
Close | 65.48 |  |  | 65.48 |  |  | 55.92 |  |  | 58.11 |  |  | 56.61 |
1 | During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.
SCE's quarterly financial data is as follows:
| 2015
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,485 |  |  | $ | 2,319 |  |  | $ | 3,757 |  |  | $ | 2,901 |  |  | $ | 2,508 |
Operating income | 2,080 |  |  | 366 |  |  | 626 |  |  | 536 |  |  | 550 |
Net income (loss)1 | 1,111 |  |  | (51 | ) |  | 417 |  |  | 412 |  |  | 333 |
Net income (loss) available for common stock | 998 |  |  | (80 | ) |  | 389 |  |  | 384 |  |  | 305 |
Common dividends declared | 611 |  |  | 170 |  |  | 147 |  |  | 147 |  |  | 147 |
1 | In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.
| 2014
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 13,380 |  |  | $ | 3,104 |  |  | $ | 4,338 |  |  | $ | 3,014 |  |  | $ | 2,924 |
Operating income | 2,529 |  |  | 715 |  |  | 881 |  |  | 593 |  |  | 342 |
Net income 1 | 1,565 |  |  | 408 |  |  | 531 |  |  | 392 |  |  | 234 |
Net income available for common stock | 1,453 |  |  | 380 |  |  | 503 |  |  | 362 |  |  | 208 |
Common dividends declared | 525 |  |  | 147 |  |  | 126 |  |  | 126 |  |  | 126 |
1 | During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.
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=51655806&loc=d3e765-108305 Reference 2: 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=51825399&loc=d3e1280-108306 Reference 3: 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=51655806&loc=d3e725-108305 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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