XML 22 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
Cash Equivalents
Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period as follows:
 
Edison International
 
SCE
(in millions)
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
Cash reclassified to accounts payable
$
165

 
$
247

 
$
165

 
$
242

The cash equivalents were as follows:
 
Edison International
 
SCE
(in millions)
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
Money market funds
$
58

 
$
107

 
$
5

 
$
5

Inventory Components
Inventory consisted of the following:
(in millions)
March 31, 2013
 
December 31, 2012
Materials, supplies and spare parts
$
333

 
$
319

Fuel
18

 
21

Total inventory
$
351

 
$
340

EPS Attributable to Edison International Common Shareholders
EPS attributable to Edison International common shareholders was computed as follows:
 
Three months ended March 31,
(in millions)
2013
 
2012
Basic earnings per share – continuing operations:
 
 
 
Income from continuing operations available to common shareholders
$
259

 
$
177

Weighted average common shares outstanding
326

 
326

Basic earnings per share – continuing operations
$
0.79

 
$
0.54

Diluted earnings per share – continuing operations:
 
 
 
Income from continuing operations available to common shareholders
$
259

 
$
177

Income impact of assumed conversions

 

Income from continuing operations available to common shareholders and assumed conversions
$
259

 
$
177

Weighted average common shares outstanding
326

 
326

Incremental shares from assumed conversions
3

 
3

Adjusted weighted average shares – diluted
329

 
329

Diluted earnings per share – continuing operations
$
0.78

 
$
0.54