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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Total operating revenue $ 3,767 $ 3,763 $ 8,985 $ 9,183
Purchased power and fuel 1,719 1,785 3,576 3,648
Operation and maintenance 740 780 2,090 2,159
Depreciation, decommissioning and amortization 521 506 1,504 1,451
Property and other taxes 92 84 269 255
Impairment and other charges 0 0 21 0
Total operating expenses 3,072 3,155 7,460 7,513
Operating income 695 608 1,525 1,670
Interest and other income 32 32 97 114
Interest expense (147) (138) (431) (420)
Other expenses (9) (15) (29) (40)
Income from continuing operations before income taxes 571 487 1,162 1,324
Income tax expense 122 82 113 195
Income from continuing operations 449 405 1,049 1,129
Income (loss) from discontinued operations, net of tax 0 43 (1) 43
Net income 449 448 1,048 1,172
Preferred and preference stock dividend requirements of SCE 31 28 92 84
Other noncontrolling interests (1) (1) (9) (11)
Net income attributable to Edison International common shareholders 419 421 965 1,099
Amounts attributable to Edison International common shareholders:        
Income from continuing operations, net of tax 419 378 966 1,056
Income (loss) from discontinued operations, net of tax 0 43 (1) 43
Net income attributable to Edison International common shareholders $ 419 $ 421 $ 965 $ 1,099
Basic earnings per common share attributable to Edison International common shareholders:        
Weighted average common shares outstanding (in shares) 326 326 326 326
Continuing operations (in dollars per share) $ 1.29 $ 1.16 $ 2.96 $ 3.24
Discontinued operations (in dollars per share) 0.00 0.13 0.00 0.13
Total (in dollars per share) $ 1.29 $ 1.29 $ 2.96 $ 3.37
Diluted earnings per common share attributable to Edison International common shareholders:        
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 329 328 329 329
Continuing operations (in dollars per share) $ 1.27 $ 1.15 $ 2.94 $ 3.21
Discontinued operations (in dollars per share) 0.00 0.13 0.00 0.13
Total (in dollars per share) 1.27 1.28 2.94 3.34
Dividends declared per common share (in dollars per share) $ 0.4800 $ 0.4175 $ 1.4400 $ 1.2525
Southern California Edison Company        
Total operating revenue $ 3,752 $ 3,757 $ 8,956 $ 9,166
Purchased power and fuel 1,719 1,785 3,576 3,648
Operation and maintenance 702 756 1,993 2,101
Depreciation, decommissioning and amortization 519 506 1,497 1,449
Property and other taxes 91 84 268 254
Total operating expenses 3,031 3,131 7,334 7,452
Operating income 721 626 1,622 1,714
Interest and other income 32 29 97 93
Interest expense (137) (131) (402) (398)
Other expenses (9) (15) (26) (39)
Income from continuing operations before income taxes 607 509 1,291 1,370
Income tax expense 141 92 162 207
Net income 466 417 1,129 1,163
Preferred and preference stock dividend requirements of SCE 31 28 92 84
Net income attributable to Edison International common shareholders 435 389 1,037 1,079
Amounts attributable to Edison International common shareholders:        
Net income attributable to Edison International common shareholders $ 435 $ 389 $ 1,037 $ 1,079