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v3.22.2

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Total operating revenue | $ 4,008 | $ 3,315 | $ 7,976 | $ 6,275
Purchased power and fuel | 1,304 | 1,283 | 2,341 | 2,296
Operation and maintenance | 1,361 | 754 | 2,848 | 1,595
Wildfire-related claims, net of insurance recoveries | 2 |  | 427 | 3
Wildfire Insurance Fund expense | 53 | 54 | 106 | 107
Depreciation and amortization | 601 | 533 | 1,184 | 1,058
Property and other taxes | 120 | 117 | 246 | 243
Impairment, net of other operating income | 63 | (11) | 61 | (11)
Total operating expenses | 3,504 | 2,730 | 7,213 | 5,291
Operating income | 504 | 585 | 763 | 984
Interest expense | (271) | (232) | (517) | (449)
Other income | 66 | 76 | 134 | 148
Income before income taxes | 299 | 429 | 380 | 683
Income tax expense (benefit) | 7 | 68 | (48) | 32
Net income | 292 | 361 | 428 | 651
Preference stock dividend requirements | 26 | 17 | 52 | 21
Net income available to common shareholders | $ 241 | $ 318 | $ 325 | $ 577
Basic earnings per share: |  |  |  |
Weighted average shares of common stock outstanding | 381 | 380 | 381 | 379
Basic earnings per common share attributable to Edison International common shareholders | $ 0.63 | $ 0.84 | $ 0.85 | $ 1.52
Diluted earnings per share: |  |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities | 383 | 380 | 382 | 380
Diluted earnings per common share attributable to Edison International common shareholders | $ 0.63 | $ 0.84 | $ 0.85 | $ 1.52
SCE |  |  |  |
Total operating revenue | $ 3,996 | $ 3,306 | $ 7,957 | $ 6,259
Purchased power and fuel | 1,304 | 1,283 | 2,341 | 2,296
Operation and maintenance | 1,339 | 735 | 2,805 | 1,559
Wildfire-related claims, net of insurance recoveries | 2 |  | 427 | 3
Wildfire Insurance Fund expense | 53 | 54 | 106 | 107
Depreciation and amortization | 600 | 533 | 1,183 | 1,057
Property and other taxes | 119 | 117 | 243 | 242
Impairment, net of other operating income | 64 | (11) | 62 | (11)
Total operating expenses | 3,481 | 2,711 | 7,167 | 5,253
Operating income | 515 | 595 | 790 | 1,006
Interest expense | (234) | (198) | (447) | (382)
Other income | 68 | 64 | 139 | 136
Income before income taxes | 349 | 461 | 482 | 760
Income tax expense (benefit) | 22 | 76 | (18) | 52
Net income | 327 | 385 | 500 | 708
Preference stock dividend requirements | 25 | 26 | 51 | 53
Net income available to common shareholders | $ 302 | $ 359 | $ 449 | $ 655

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