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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Electric utility $ 2,650 $ 2,445 $ 5,061 $ 4,676
Competitive power generation 407 538 851 1,090
Total operating revenue 3,057 2,983 5,912 5,766
Fuel 276 256 559 515
Purchased power 822 649 1,437 1,158
Operation and maintenance 1,209 1,255 2,393 2,404
Depreciation, decommissioning and amortization 467 435 924 852
Asset impairments and other 11 8 26 8
Total operating expenses 2,785 2,603 5,339 4,937
Operating income 272 380 573 829
Interest and dividend income 13 30 16 34
Equity in income from unconsolidated affiliates - net 18 18 17 12
Other income 38 42 68 83
Interest expense (218) (203) (430) (398)
Other expenses (19) (13) (26) (25)
Income from continuing operations before income taxes 104 254 218 535
Income tax expense 1 62 2 127
Income from continuing operations 103 192 216 408
Loss from discontinued operations, net of tax 0 (1) (1) (3)
Net income 103 191 215 405
Dividends on preferred and preference stock of utility 23 15 41 29
Other noncontrolling interests 6 0 7 0
Net income attributable to Edison International common shareholders 74 176 167 376
Amounts attributable to Edison International common shareholders:        
Income from continuing operations, net of tax 74 177 168 379
Loss from discontinued operations, net of tax 0 (1) (1) (3)
Net income attributable to Edison International common shareholders $ 74 $ 176 $ 167 $ 376
Basic earnings (loss) per common share attributable to Edison International common shareholders:        
Weighted-average shares of common stock outstanding (in shares) 326 326 326 326
Continuing operations (in dollars per share) $ 0.23 $ 0.54 $ 0.51 $ 1.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Total (in dollars per share) $ 0.23 $ 0.54 $ 0.51 $ 1.15
Diluted earnings (loss) per common share attributable to Edison International common shareholders:        
Weighted-average shares of common stock outstanding, including effect of dilutive securities (in shares) 334 329 333 328
Continuing operations (in dollars per share) $ 0.22 $ 0.54 $ 0.50 $ 1.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Total (in dollars per share) $ 0.22 $ 0.54 $ 0.50 $ 1.15
Dividends declared per common share (in dollars per share) $ 0.325 $ 0.320 $ 0.65 $ 0.64