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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2022
Summary of Significant Accounting Policies |
Cash Equivalents | The cash equivalents were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Edison International | ​ | SCE | ​
​ | ​ | March 31, | ​ | December 31, | ​ | March 31, | ​ | December 31, | ​
(in millions) |  | 2022 |  | 2021 | ​ | 2022 |  | 2021 | ​
Money market funds | ​ | $ | 167 | ​ | $ | 329 | ​ | $ | 63 | ​ | $ | 230 | ​
​ Cash is temporarily invested until required for check clearing. Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period. ​
Cash, Cash Equivalents and Restricted Cash | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, |  | December 31,
(in millions) |  | 2022 |  | 2021
Edison International: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 231 | ​ | $ | 390
Short-term restricted cash1 | ​ |  | 3 | ​ |  | 4
Total cash, cash equivalents and restricted cash | ​ | $ | 234 | ​ | $ | 394
SCE: | ​ |  | ​ | ​ |  |
Cash and cash equivalents | ​ | $ | 119 | ​ | $ | 279
Short-term restricted cash1 | ​ |  | — | ​ |  | 1
Total cash, cash equivalents and restricted cash | ​ | $ | 119 | ​ | $ | 280
1 | Reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.
Changes in Allowance for Uncollectible Accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Three months ended
​ | ​ | March 31, 2022 | ​ | March 31, 2021
(in millions) | ​ | Customers | ​ | ​ | All others | ​ | ​ | Total | ​ | Customers | ​ | ​ | All others | ​ | ​ | Total
Beginning balance |  | $ | 293 |  | $ | 16 | ​ | $ | 309 | ³ | $ | 175 |  | $ | 13 | ​ | $ | 188
Plus: current period provision for uncollectible accounts | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Included in operation and maintenance expenses in earning activities1 | ​ |  | 13 | ​ |  | 7 | ​ |  | 20 | ​ |  | 6 | ​ |  | 4 | ​ |  | 10
Included in operation and maintenance expenses in cost-recovery activities2 | ​ | ​ | 38 | ​ | ​ | — | ​ | ​ | 38 | ​ | ​ | 32 | ​ | ​ | — | ​ | ​ | 32
Deferred to regulatory memorandum accounts | ​ |  | 3 | ​ |  | — | ​ |  | 3 | ​ |  | 2 | ​ |  | — | ​ |  | 2
Less: write-offs, net of recoveries | ​ |  | 10 | ​ | ​ | 7 | ​ |  | 17 | ​ |  | 5 | ​ |  | 1 | ​ |  | 6
Ending balance |  | $ | 337 |  | $ | 16 | ​ | $ | 353 | ³ | $ | 210 |  | $ | 16 | ​ | $ | 226
1 | Earning activities is one of SCE's disaggregated revenue sources. See Note 7 for further details.
2 | Cost-recovery activities is one of SCE's disaggregated revenue sources. See Note 7 for further details. This portion of costs from the allowance for uncollectible expenses is recovered through the residential uncollectibles balancing account.
3 | Approximately $99 million and $116 million of allowance for uncollectible accounts are included in "Long-term account receivables" on Edison International's and SCE's consolidated balance sheets as of March 31, 2022 and December 31, 2021, respectively.
EPS Attributable to Edison International Common Shareholders | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended March 31, | ​
(in millions, except per-share amounts) |  | 2022 |  | 2021 | ​
Basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 84 | ​ | $ | 259 | ​
Net income available to common shareholders | ​ | $ | 84 | ​ | $ | 259 | ​
Weighted average common shares outstanding | ​ |  | 381 | ​ | ​ | 379 | ​
Basic earnings per share | ​ | $ | 0.22 | ​ | $ | 0.68 | ​
Diluted earnings per share: | ​ |  | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 84 | ​ | $ | 259 | ​
Net income available to common shareholders | ​ | $ | 84 | ​ | $ | 259 | ​
Net income available to common shareholders and assumed conversions | ​ | $ | 84 | ​ | $ | 259 | ​
Weighted average common shares outstanding | ​ |  | 381 | ​ | ​ | 379 | ​
Incremental shares from assumed conversions | ​ |  | 1 | ​ | ​ | 1 | ​
Adjusted weighted average shares – diluted | ​ |  | 382 | ​ | ​ | 380 | ​
Diluted earnings per share | ​ | $ | 0.22 | ​ | $ | 0.68 | ​

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