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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2022
Summary of Significant Accounting Policies |
Cash Equivalents | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Edison International | ​ | SCE
​ | ​ | June 30, | ​ | December 31, | ​ | June 30, | ​ | December 31,
(in millions) |  | 2022 |  | 2021 | ​ | 2022 |  | 2021
Money market funds | ​ | $ | 53 | ​ | $ | 329 | ​ | $ | 4 | ​ | $ | 230
Cash, Cash Equivalents and Restricted Cash | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, |  | December 31,
(in millions) |  | 2022 |  | 2021
Edison International: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 122 | ​ | $ | 390
Short-term restricted cash1 | ​ |  | 1 | ​ |  | 4
Total cash, cash equivalents and restricted cash | ​ | $ | 123 | ​ | $ | 394
SCE: | ​ |  | ​ | ​ |  |
Cash and cash equivalents | ​ | $ | 66 | ​ | $ | 279
Short-term restricted cash1 | ​ |  | 1 | ​ |  | 1
Total cash, cash equivalents and restricted cash | ​ | $ | 67 | ​ | $ | 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
​ | ​ | June 30, 2022 | ​ | June 30, 2021
(in millions) | ​ | Customers | ​ | ​ | All others | ​ | ​ | Total | ​ | Customers | ​ | ​ | All others | ​ | ​ | Total
Beginning balance |  | $ | 337 |  | $ | 16 | ​ | $ | 353 | ​ | $ | 210 |  | $ | 16 | ​ | $ | 226
Plus: current period provision for uncollectible accounts | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Included in operation and maintenance expenses in earning activities1 | ​ |  | 20 | ​ |  | 2 | ​ |  | 22 | ​ |  | 12 | ​ |  | 3 | ​ |  | 15
Included in operation and maintenance expenses in cost-recovery activities2 | ​ | ​ | 17 | ​ | ​ | — | ​ | ​ | 17 | ​ | ​ | 28 | ​ | ​ | — | ​ | ​ | 28
Deferred to regulatory memorandum accounts | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 4 | ​ |  | — | ​ |  | 4
Less: write-offs, net of recoveries | ​ |  | 10 | ​ | ​ | 1 | ​ |  | 11 | ​ |  | — | ​ |  | 3 | ​ |  | 3
Ending balance |  | $ | 364 |  | $ | 17 | ​ | $ | 381 | ³ | $ | 254 |  | $ | 16 | ​ | $ | 270
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | Six months ended
​ | ​ | ​ | June 30, 2022 | ​ | June 30, 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 | ​ |  | 33 | ​ |  | 9 | ​ |  | 42 | ​ |  | 18 | ​ |  | 7 | ​ |  | 25
Included in operation and maintenance expenses in cost-recovery activities2 | ​ | ​ | 55 | ​ | ​ | — | ​ | ​ | 55 | ​ | ​ | 60 | ​ | ​ | — | ​ | ​ | 60
Deferred to regulatory memorandum accounts | ​ |  | 3 | ​ |  | — | ​ |  | 3 | ​ |  | 6 | ​ |  | — | ​ |  | 6
Less: write-offs, net of recoveries | ​ |  | 20 | ​ |  | 8 | ​ |  | 28 | ​ |  | 5 | ​ |  | 4 | ​ |  | 9
Ending balance |  | $ | 364 |  | $ | 17 | ​ | $ | 381 | ³ | $ | 254 |  | $ | 16 | ​ | $ | 270
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 $34 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 June 30, 2022 and December 31, 2021, respectively.
EPS Attributable to Edison International Common Shareholders | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended June 30, |  | Six months ended June 30, | ​
(in millions, except per-share amounts) |  | 2022 |  | 2021 |  | 2022 |  | 2021 | ​
Basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 241 | ​ | $ | 318 | ​ | $ | 325 | ​ | $ | 577 | ​
Net income available to common shareholders | ​ | $ | 241 | ​ | $ | 318 | ​ | $ | 325 | ​ | $ | 577 | ​
Weighted average common shares outstanding | ​ |  | 381 | ​ |  | 380 | ​ |  | 381 | ​ | ​ | 379 | ​
Basic earnings per share | ​ | $ | 0.63 | ​ | $ | 0.84 | ​ | $ | 0.85 | ​ | $ | 1.52 | ​
Diluted earnings per share: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 241 | ​ | $ | 318 | ​ | $ | 325 | ​ | $ | 577 | ​
Net income available to common shareholders | ​ | $ | 241 | ​ | $ | 318 | ​ | $ | 325 | ​ | $ | 577 | ​
Net income available to common shareholders and assumed conversions | ​ | $ | 241 | ​ | $ | 318 | ​ | $ | 325 | ​ | $ | 577 | ​
Weighted average common shares outstanding | ​ |  | 381 | ​ |  | 380 | ​ |  | 381 | ​ | ​ | 379 | ​
Incremental shares from assumed conversions | ​ |  | 2 | ​ |  | — | ​ |  | 1 | ​ | ​ | 1 | ​
Adjusted weighted average shares – diluted | ​ |  | 383 | ​ |  | 380 | ​ |  | 382 | ​ | ​ | 380 | ​
Diluted earnings per share | ​ | $ | 0.63 | ​ | $ | 0.84 | ​ | $ | 0.85 | ​ | $ | 1.52 | ​

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