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v3.25.0.1

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Operating revenue | $ 17,599 | $ 16,338 | $ 17,220
Purchased power and fuel | 5,209 | 5,486 | 6,375
Operation and maintenance | 5,172 | 4,138 | 4,724
Wildfire-related claims, net of insurance recoveries | 652 | 667 | 1,313
Wildfire Insurance Fund expense | 146 | 213 | 214
Depreciation and amortization | 2,866 | 2,635 | 2,561
Property and other taxes | 624 | 571 | 501
Impairment, net of other operating income | 0 | 1 | 49
Total operating expenses | 14,669 | 13,711 | 15,737
Operating income | 2,930 | 2,627 | 1,483
Interest expense | (1,869) | (1,612) | (1,169)
Other income, net | 502 | 500 | 348
Income before income taxes | 1,563 | 1,515 | 662
Income tax expense (benefit) | 17 | 108 | (162)
Net income | 1,546 | 1,407 | 824
Less: Preference stock dividend requirements of SCE | 175 | 123 | 107
Preferred stock dividend requirements of Edison International | 87 | 87 | 105
Net income available to Edison International common shareholders | $ 1,284 | $ 1,197 | $ 612
Basic earnings per share: |  |  |
Weighted average shares of common stock outstanding (in shares) | 386 | 383 | 381
Basic earnings per common share available to Edison International common shareholders (in dollars per share) | $ 3.33 | $ 3.12 | $ 1.61
Diluted earnings per share: |  |  |
Weighted average shares of common stock outstanding, including effect of dilutive securities (in shares) | 388 | 385 | 383
Diluted earnings per common share available to Edison International common shareholders (in dollars per share) | $ 3.31 | $ 3.11 | $ 1.60
SCE |  |  |
Operating revenue | $ 17,547 | $ 16,275 | $ 17,172
Purchased power and fuel | 5,209 | 5,486 | 6,375
Operation and maintenance | 5,064 | 4,071 | 4,659
Wildfire-related claims, net of insurance recoveries | 647 | 665 | 1,305
Wildfire Insurance Fund expense | 146 | 213 | 214
Depreciation and amortization | 2,865 | 2,633 | 2,559
Property and other taxes | 620 | 566 | 497
Impairment, net of other operating income | 0 | 1 | 50
Total operating expenses | 14,551 | 13,635 | 15,659
Operating income | 2,996 | 2,640 | 1,513
Interest expense | (1,575) | (1,356) | (1,005)
Other income, net | 493 | 497 | 337
Income before income taxes | 1,914 | 1,781 | 845
Income tax expense (benefit) | 120 | 184 | (109)
Net income | 1,794 | 1,597 | 954
Preferred stock dividend requirements of Edison International | 175 | 123 | 107
Net income available to Edison International common shareholders | $ 1,619 | $ 1,474 | $ 847

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