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v3.22.4

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Total operating revenue | $ 17,220 | $ 14,905 | $ 13,578
Purchased power and fuel | 6,375 | 5,540 | 4,932
Operation and maintenance | 4,724 | 3,645 | 3,609
Wildfire-related claims, net of insurance recoveries | 1,313 | 1,276 | 1,328
Wildfire Insurance Fund expense | 214 | 215 | 336
Depreciation and amortization | 2,561 | 2,218 | 1,967
Property and other taxes | 501 | 465 | 438
Impairment, net of other (income) | 54 | 71 | (116)
Gain on sale of lease interest and other operating income | (5) | (2) | (133)
Total operating expenses | 15,737 | 13,428 | 12,361
Operating income | 1,483 | 1,477 | 1,217
Interest expense | (1,169) | (925) | (902)
Other income | 348 | 237 | 251
Income before income taxes | 662 | 789 | 566
Income tax benefit | (162) | (136) | (305)
Net income | 824 | 925 | 871
Less: Preferred and preference stock dividend requirements | 105 | 60 |
Net income attributable to Edison International common shareholders | $ 612 | $ 759 | $ 739
Basic earnings per share: |  |  |
Weighted average shares of common stock outstanding | 381 | 380 | 373
Basic earnings per common share attributable to Edison International common shareholders | $ 1.61 | $ 2.00 | $ 1.98
Diluted earnings per share: |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities | 383 | 380 | 374
Diluted earnings per common share attributable to Edison International common shareholders | $ 1.60 | $ 2.00 | $ 1.98
SCE |  |  |
Total operating revenue | $ 17,172 | $ 14,874 | $ 13,546
Purchased power and fuel | 6,375 | 5,540 | 4,932
Operation and maintenance | 4,659 | 3,588 | 3,523
Wildfire-related claims, net of insurance recoveries | 1,305 | 1,276 | 1,328
Wildfire Insurance Fund expense | 214 | 215 | 336
Depreciation and amortization | 2,559 | 2,216 | 1,965
Property and other taxes | 497 | 462 | 435
Impairment, net of other (income) | 50 | 67 | (151)
Total operating expenses | 15,659 | 13,364 | 12,368
Operating income | 1,513 | 1,510 | 1,178
Interest expense | (1,005) | (791) | (768)
Other income | 337 | 233 | 255
Income before income taxes | 845 | 952 | 665
Income tax benefit | (109) | 17 | (277)
Net income | 954 | 935 | 942
Less: Preferred and preference stock dividend requirements | 107 | 106 | 132
Net income attributable to Edison International common shareholders | $ 847 | $ 829 | $ 810

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