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v3.23.2

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Operating revenue | $ 3,964 | $ 4,008 | $ 7,930 | $ 7,976
Purchased power and fuel | 1,147 | 1,304 | 2,465 | 2,341
Operation and maintenance | 1,241 | 1,361 | 2,325 | 2,848
Wildfire-related claims, net of insurance recoveries |  | 2 | 96 | 427
Wildfire Insurance Fund expense | 53 | 53 | 105 | 106
Depreciation and amortization | 650 | 601 | 1,306 | 1,184
Property and other taxes | 149 | 120 | 289 | 246
Impairment, net of other operating income |  | 63 |  | 61
Total operating expenses | 3,240 | 3,504 | 6,586 | 7,213
Operating income | 724 | 504 | 1,344 | 763
Interest expense | (392) | (271) | (753) | (517)
Other income | 128 | 66 | 247 | 134
Income before income taxes | 460 | 299 | 838 | 380
Income tax expense (benefit) | 51 | 7 | 64 | (48)
Net income | 409 | 292 | 774 | 428
Less: Preferred and preference stock dividend requirements | 26 | 26 | 52 | 52
Net income attributable to Edison International common shareholders | $ 354 | $ 241 | $ 664 | $ 325
Basic earnings per share: |  |  |  |
Weighted average shares of common stock outstanding | 383 | 381 | 383 | 381
Basic earnings per common share attributable to Edison International common shareholders | $ 0.92 | $ 0.63 | $ 1.73 | $ 0.85
Diluted earnings per share: |  |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities | 385 | 383 | 385 | 382
Diluted earnings per common share attributable to Edison International common shareholders | $ 0.92 | $ 0.63 | $ 1.73 | $ 0.85
SCE |  |  |  |
Operating revenue | $ 3,949 | $ 3,996 | $ 7,899 | $ 7,957
Purchased power and fuel | 1,147 | 1,304 | 2,465 | 2,341
Operation and maintenance | 1,235 | 1,339 | 2,316 | 2,805
Wildfire-related claims, net of insurance recoveries |  | 2 | 96 | 427
Wildfire Insurance Fund expense | 53 | 53 | 105 | 106
Depreciation and amortization | 648 | 600 | 1,304 | 1,183
Property and other taxes | 148 | 119 | 287 | 243
Impairment, net of other operating income |  | 64 |  | 62
Total operating expenses | 3,231 | 3,481 | 6,573 | 7,167
Operating income | 718 | 515 | 1,326 | 790
Interest expense | (328) | (234) | (628) | (447)
Other income | 127 | 68 | 247 | 139
Income before income taxes | 517 | 349 | 945 | 482
Income tax expense (benefit) | 68 | 22 | 97 | (18)
Net income | 449 | 327 | 848 | 500
Less: Preferred and preference stock dividend requirements | 29 | 25 | 58 | 51
Net income attributable to Edison International common shareholders | $ 420 | $ 302 | $ 790 | $ 449

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