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v3.22.0.1

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Total operating revenue | $ 14,905 | $ 13,578 | $ 12,347
Purchased power and fuel | 5,540 | 4,932 | 4,839
Operation and maintenance | 3,645 | 3,609 | 3,018
Wildfire-related claims, net of insurance recoveries | 1,276 | 1,328 | 255
Wildfire Insurance Fund expense | 215 | 336 | 152
Depreciation and amortization | 2,218 | 1,967 | 1,730
Property and other taxes | 465 | 438 | 399
Impairment and other expense (income) | 71 | (116) | 184
Gain on sale of lease interest and other operating income | (2) | (133) | (5)
Total operating expenses | 13,428 | 12,361 | 10,572
Operating income | 1,477 | 1,217 | 1,775
Interest expense | (925) | (902) | (841)
Other income | 237 | 251 | 193
Income before income taxes | 789 | 566 | 1,127
Income tax expense (benefit) | (136) | (305) | (278)
Net income | 925 | 871 | 1,405
Preferred stock dividend requirement of Edison International | 60 |  |
Net income available to common shareholders | $ 759 | $ 739 | $ 1,284
Basic earnings per share: |  |  |
Weighted average shares of common stock outstanding | 380 | 373 | 340
Basic earnings per common share attributable to Edison International common shareholders | $ 2.00 | $ 1.98 | $ 3.78
Diluted earnings per share: |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities | 380 | 374 | 341
Diluted earnings per common share attributable to Edison International common shareholders | $ 2.00 | $ 1.98 | $ 3.77
SCE |  |  |
Total operating revenue | $ 14,874 | $ 13,546 | $ 12,306
Purchased power and fuel | 5,540 | 4,932 | 4,839
Operation and maintenance | 3,588 | 3,523 | 2,936
Wildfire-related claims, net of insurance recoveries | 1,276 | 1,328 | 255
Wildfire Insurance Fund expense | 215 | 336 | 152
Depreciation and amortization | 2,216 | 1,965 | 1,728
Property and other taxes | 462 | 435 | 396
Impairment and other expense (income) | 69 | (150) | 159
Other operating income | (2) | (1) | (4)
Total operating expenses | 13,364 | 12,368 | 10,461
Operating income | 1,510 | 1,178 | 1,845
Interest expense | (791) | (768) | (739)
Other income | 233 | 255 | 195
Income before income taxes | 952 | 665 | 1,301
Income tax expense (benefit) | 17 | (277) | (229)
Net income | 935 | 942 | 1,530
Preferred stock dividend requirement of Edison International | 106 | 132 | 121
Net income available to common shareholders | $ 829 | $ 810 | $ 1,409

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- Definition The current period expense charged against earnings on long-lived, physical assets used in the normal conduct of business and not intended for resale to allocate or recognize the cost of assets over their useful lives; and to record the reduction in book value of an intangible asset over the benefit period of such asset; and to record the costs of decontaminating and decommissioning of facilities. + References No definition available. + Details
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