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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Edison International's quarterly financial data is as follows:
 
2016
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,869

 
$
2,884

 
$
3,767

 
$
2,777

 
$
2,440

Operating income
2,092

 
566

 
695

 
381

 
448

Income from continuing operations1
1,413

 
347

 
451

 
310

 
305

Income (loss) from discontinued operations, net
12

 
13

 

 
(2
)
 
1

Net income attributable to common shareholders1
1,311

 
329

 
421

 
280

 
281

Basic earnings (loss) per share1:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
3.99

 
$
0.97

 
$
1.29

 
$
0.87

 
$
0.86

  Discontinued operations
0.03

 
0.04

 

 
(0.01
)
 

Total
$
4.02

 
$
1.01

 
$
1.29

 
$
0.86

 
$
0.86

Diluted earnings (loss) per share1:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
3.94

 
$
0.96

 
$
1.27

 
$
0.86

 
$
0.85

  Discontinued operations
0.03

 
0.04

 

 
(0.01
)
 

Total
$
3.97

 
$
1.00

 
$
1.27

 
$
0.85

 
$
0.85

Dividends declared per share
1.9825

 
0.5425

 
0.4800

 
0.4800

 
0.4800

Common stock prices:
 
 
 
 
 
 
 
 
 
High
$
78.72

 
$
73.81

 
$
78.72

 
$
77.71

 
$
72.34

Low
57.97

 
67.44

 
71.31

 
67.71

 
57.97

Close
71.99

 
71.99

 
72.25

 
77.67

 
71.89


1  
Edison International adopted an accounting standard related to share-based payments during the fourth quarter of 2016, effective January 1, 2016. See Note 1 for further information. The table above reflects the adoption of this standard on January 1, 2016. Net income from continuing operations, as previously reported, was $449 million for the third quarter of 2016, $306 million for the second quarter of 2016 and $295 million for the first quarter of 2016. Net income attributable to common shareholders, as previously reported, was $419 million for the third quarter of 2016, $276 million for the second quarter of 2016 and $271 million for the first quarter of 2016. Basic EPS for continuing operations, as previously reported, was $1.29 for the third quarter of 2016, $0.86 for the second quarter of 2016 and $0.83 for the first quarter of 2016. Diluted EPS for continuing operations, as previously reported, was $1.27 for the third quarter of 2016, $0.85 for the second quarter of 2016 and $0.82 for the first quarter of 2016.
 
2015
(in millions, except per-share amounts)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,524

 
$
2,341

 
$
3,763

 
$
2,908

 
$
2,512

Operating income
2,008

 
340

 
608

 
524

 
538

Income (loss) from continuing operations1
1,082

 
(47
)
 
405

 
406

 
318

Income (loss) from discontinued operations, net
35

 
(8
)
 
43

 

 

Net income (loss) attributable to common shareholders
1,020

 
(79
)
 
421

 
379

 
299

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
3.02

 
$
(0.22
)
 
$
1.16

 
$
1.16

 
$
0.92

  Discontinued operations
0.11

 
(0.02
)
 
0.13

 

 

Total
$
3.13

 
$
(0.24
)
 
$
1.29

 
$
1.16

 
$
0.92

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
  Continuing operations
$
2.99

 
$
(0.22
)
 
$
1.15

 
$
1.15

 
$
0.91

  Discontinued operations
0.11

 
(0.02
)
 
0.13

 

 

Total
$
3.10

 
$
(0.24
)
 
$
1.28

 
$
1.15

 
$
0.91

Dividends declared per share
1.7325

 
0.4800

 
0.4175

 
0.4175

 
0.4175

Common stock prices:
 
 
 
 
 
 
 
 
 
High
$
69.59

 
$
66.29

 
$
63.18

 
$
64.55

 
$
69.59

Low
55.18

 
57.51

 
55.52

 
55.18

 
61.02

Close
59.21

 
59.21

 
63.07

 
55.58

 
62.47


1  
In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.
SCE's quarterly financial data is as follows:
 
2016
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,830

 
$
2,874

 
$
3,752

 
$
2,768

 
$
2,435

Operating income
2,217

 
594

 
721

 
429

 
472

Net income1
1,499

 
359

 
466

 
349

 
325

Net income available for common stock1
1,376

 
328

 
435

 
318

 
295

Common dividends declared
701

 
191

 
170

 
170

 
170

1  
SCE adopted an accounting standard related to share-based payments during the fourth quarter of 2016, effective January 1, 2016. See Note 1 for further information. The table above reflects the adoption of this standard on January 1, 2016. Net income, as previously reported, was $466 million for the third quarter of 2016, $346 million for the second quarter of 2016 and $317 million for the first quarter of 2016. Net income available for common stock, as previously reported, was $435 million for the third quarter of 2016, $315 million for the second quarter of 2016 and $287 million for the first quarter of 2016.
 
2015
(in millions)
Total
 
Fourth
 
Third
 
Second
 
First
Operating revenue
$
11,485

 
$
2,319

 
$
3,757

 
$
2,901

 
$
2,508

Operating income
2,080

 
366

 
626

 
536

 
550

Net income1
1,111

 
(51
)
 
417

 
412

 
333

Net income available for common stock
998

 
(80
)
 
389

 
384

 
305

Common dividends declared
611

 
170

 
147

 
147

 
147


1 
In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.