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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ (92) $ 22 $ 1,308
Less: Income (loss) from discontinued operations, net of tax (1,686) [1] (1,078) 164
Income from continuing operations 1,594 [2],[3] 1,100 1,144
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,562 1,427 1,274
Regulatory impacts of net nuclear decommissioning trust earnings 192 146 189
Other amortization 72 133 106
(Gain) loss on sale of assets, disallowances and other (29) 21 2
Stock-based compensation 33 26 24
Equity in income from unconsolidated affiliates (1) 0 (2)
Distributions from unconsolidated affiliates 0 0 1
Deferred income taxes and investment tax credits 141 708 966
Income from leveraged leases (5) (5) (5)
Proceeds from U.S. treasury grants 68 0 0
Changes in operating assets and liabilities:      
Receivables (13) (46) (195)
Inventory 10 (18) (11)
Margin and collateral deposits, net of collateral received 38 7 2
Prepaid taxes 156 29 (251)
Other current assets (76) (88) (98)
Accounts payable 14 45 2
Accrued taxes 33 5 (127)
Other current liabilities 152 (32) 125
Derivative assets and liabilities, net 262 382 (62)
Regulatory assets and liabilities, net (314) (1,080) 278
Other assets (222) (128) (62)
Other liabilities 304 649 (427)
Operating cash flows from continuing operations 3,971 3,281 2,873
Operating cash flows from discontinued operations, net (637) 625 604
Net cash provided by operating activities 3,334 3,906 3,477
Cash flows from financing activities:      
Long-term debt issued 395 896 1,535
Long-term debt issuance costs (4) (9) (19)
Long-term debt repaid (6) (14) (348)
Bonds purchased 0 (86) 0
Preference stock issued, net 804 123 0
Preference stock redeemed (75) 0 0
Short-term debt financing, net (264) 410 (66)
Settlements of stock-based compensation, net (68) (15) (13)
Dividends to noncontrolling interests (82) (59) (52)
Dividends paid (424) (417) (411)
Financing cash flows from continuing operations 276 829 626
Financing cash flows from discontinued operations, net 374 278 427
Net cash provided by financing activities 650 1,107 1,053
Cash flows from investing activities:      
Capital expenditures (4,149) (4,122) (3,780)
Proceeds from sale of nuclear decommissioning trust investments 2,122 2,773 1,432
Purchases of nuclear decommissioning trust investments and other (2,337) (2,940) (1,651)
Proceeds from sale of interest in project, net 114 0 0
Proceeds from partnerships and unconsolidated subsidiaries, net of investment (4) 5 18
Customer advances for construction and other investments 8 29 10
Effect of deconsolidation of variable interest entities 0 0 (92)
Investing cash flows from continuing operations (4,246) (4,255) (4,063)
Investing cash flows from discontinued operations, net (1,037) (678) (751)
Net cash used by investing activities (5,283) (4,933) (4,814)
Net (decrease) increase in cash and cash equivalents (1,299) 80 (284)
Cash and cash equivalents at beginning of year 1,469 1,389 1,673
Cash and cash equivalents at end of year 170 1,469 1,389
Cash and cash equivalents from discontinued operations 0 1,300 1,075
Cash and cash equivalents from continuing operations 170 169 314
Southern California Edison
     
Cash flows from operating activities:      
Net income (loss) 1,660 [2],[3] 1,144 1,092
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,562 1,426 1,273
Regulatory impacts of net nuclear decommissioning trust earnings 192 146 189
Other amortization 71 132 106
(Gain) loss on sale of assets, disallowances and other 32 0 (1)
Stock-based compensation 18 16 17
Deferred income taxes and investment tax credits 256 852 973
Proceeds from U.S. treasury grants 68 0 0
Changes in operating assets and liabilities:      
Receivables (23) (44) (25)
Inventory 10 (18) (11)
Margin and collateral deposits, net of collateral received 38 7 2
Prepaid taxes 230 (110) (135)
Other current assets (73) (87) (101)
Accounts payable (9) 11 (166)
Accrued taxes 24 4 36
Other current liabilities 149 (33) 118
Derivative assets and liabilities, net (86) 730 (43)
Regulatory assets and liabilities, net 34 (1,428) 278
Other assets (54) (180) (10)
Other liabilities (13) 693 (206)
Net cash provided by operating activities 4,086 3,261 3,386
Cash flows from financing activities:      
Long-term debt issued 395 896 1,135
Long-term debt issuance costs (4) (9) (16)
Long-term debt repaid (6) (14) (259)
Bonds purchased 0 (86) 0
Preference stock issued, net 804 123 0
Preference stock redeemed (75) 0 0
Short-term debt financing, net (250) 419 0
Settlements of stock-based compensation, net (57) (10) (5)
Dividends paid (551) (520) (352)
Net cash provided by financing activities 256 799 503
Cash flows from investing activities:      
Capital expenditures (4,149) (4,122) (3,780)
Proceeds from sale of nuclear decommissioning trust investments 2,122 2,773 1,432
Purchases of nuclear decommissioning trust investments and other (2,337) (2,940) (1,651)
Customer advances for construction and other investments 10 29 (3)
Effect of deconsolidation of variable interest entities 0 0 (92)
Net cash used by investing activities (4,354) (4,260) (4,094)
Net (decrease) increase in cash and cash equivalents (12) (200) (205)
Cash and cash equivalents at beginning of year 57 257 462
Cash and cash equivalents at end of year $ 45 $ 57 $ 257
[1] During the fourth quarter of 2012, Edison International recorded a full impairment of its $1.2 billion investment in EME. See Note 17 for further information.
[2] During the fourth quarter of 2012, SCE corrected errors, primarily related to deferred taxes, that resulted in a net earnings benefit of $33 million which were not considered material to the current and prior period consolidated financial statements.
[3] During the fourth quarter of 2012, SCE implemented the 2012 GRC Decision which resulted in an earnings impact of approximately $500 million.