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v3.24.0.1

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Operating revenue | $ 16,338 | $ 17,220 | $ 14,905
Purchased power and fuel | 5,486 | 6,375 | 5,540
Operation and maintenance | 4,138 | 4,724 | 3,645
Wildfire-related claims, net of insurance recoveries | 667 | 1,313 | 1,276
Wildfire Insurance Fund expense | 213 | 214 | 215
Depreciation and amortization | 2,635 | 2,561 | 2,218
Property and other taxes | 571 | 501 | 465
Impairment, net of other operating income | 1 | 49 | 69
Total operating expenses | 13,711 | 15,737 | 13,428
Operating income | 2,627 | 1,483 | 1,477
Interest expense | (1,612) | (1,169) | (925)
Other income, net | 500 | 348 | 237
Income before income taxes | 1,515 | 662 | 789
Income tax expense (benefit) | 108 | (162) | (136)
Net income | 1,407 | 824 | 925
Less: Preference stock dividend requirements of SCE | 123 | 107 | 106
Less: Preferred and preference stock dividend requirements | 87 | 105 | 60
Net income available for common stock | $ 1,197 | $ 612 | $ 759
Basic earnings per share: |  |  |
Weighted average shares of common stock outstanding | 383 | 381 | 380
Basic earnings per common share attributable to Edison International common shareholders | $ 3.12 | $ 1.61 | $ 2.00
Diluted earnings per share: |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities | 385 | 383 | 380
Diluted earnings per common share attributable to Edison International common shareholders | $ 3.11 | $ 1.60 | $ 2.00
SCE |  |  |
Operating revenue | $ 16,275 | $ 17,172 | $ 14,874
Purchased power and fuel | 5,486 | 6,375 | 5,540
Operation and maintenance | 4,071 | 4,659 | 3,588
Wildfire-related claims, net of insurance recoveries | 665 | 1,305 | 1,276
Wildfire Insurance Fund expense | 213 | 214 | 215
Depreciation and amortization | 2,633 | 2,559 | 2,216
Property and other taxes | 566 | 497 | 462
Impairment, net of other operating income | 1 | 50 | 67
Total operating expenses | 13,635 | 15,659 | 13,364
Operating income | 2,640 | 1,513 | 1,510
Interest expense | (1,356) | (1,005) | (791)
Other income, net | 497 | 337 | 233
Income before income taxes | 1,781 | 845 | 952
Income tax expense (benefit) | 184 | (109) | 17
Net income | 1,597 | 954 | 935
Less: Preferred and preference stock dividend requirements | 123 | 107 | 106
Net income available for common stock | $ 1,474 | $ 847 | $ 829

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