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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
Edison International's quarterly financial data is as follows:
 
2019
(in millions, except per share amounts)
 
Fourth
 
Third
 
Second
 
First
Operating revenue
 
$
2,970

 
$
3,741

 
$
2,812

 
$
2,824

Operating income
 
287

 
636

 
500

 
352

Income from continuing operations
 
173

 
502

 
422

 
308

Income from discontinued operations, net
 
—

 
—

 
—

 
—

Net income attributable to common shareholders
 
143

 
471

 
392

 
278

Basic earnings per share:
 
 
 
 
 
 
 
 
  Continuing operations
 
$
0.40

 
$
1.36

 
$
1.20

 
$
0.85

  Discontinued operations
 
—

 
—

 
—

 
—

Total
 
$
0.40

 
$
1.36

 
$
1.20

 
$
0.85

Diluted earnings per share:
 
 
 
 
 
 
 
 
  Continuing operations
 
$
0.40

 
$
1.35

 
$
1.20

 
$
0.85

  Discontinued operations
 
—

 
—

 
—

 
—

Total
 
$
0.40

 
$
1.35

 
$
1.20

 
$
0.85

Dividends declared per share
 
0.6375

 
0.6125

 
0.6125

 
0.6125

 
2018
(in millions, except per share amounts)
 
Fourth
 
Third
 
Second
 
First
Operating revenue
 
$
3,009

 
$
4,269

 
$
2,815

 
$
2,564

Operating (loss) income1
 
(2,041
)
 
739

 
420

 
330

(Loss) income from continuing operations
 
(1,434
)
 
544

 
298

 
242

Income from discontinued operations, net
 
34

 
—

 
—

 
—

Net (loss) income attributable to common shareholders
 
(1,430
)
 
513

 
276

 
218

Basic (loss) earnings per share:
 
 
 
 
 
 
 
 
  Continuing operations
 
$
(4.49
)
 
$
1.57

 
$
0.85

 
$
0.67

  Discontinued operations
 
0.10

 
—

 
—

 
—

Total
 
$
(4.39
)
 
$
1.57

 
$
0.85

 
$
0.67

Diluted (loss) earnings per share:
 
 
 
 
 
 
 
 
  Continuing operations
 
$
(4.49
)
 
$
1.57

 
$
0.84

 
$
0.67

  Discontinued operations
 
0.10

 
—

 
—

 
—

Total
 
$
(4.39
)
 
$
1.57

 
$
0.84

 
$
0.67

Dividends declared per share
 
0.6125

 
0.6050

 
0.6050

 
0.6050

1    In the fourth quarter of 2018, SCE recorded a charge of $2.5 billion for wildfire-related claims, net of expected recoveries from insurance and FERC customers.
SCE's quarterly financial data is as follows:
 
2019
(in millions)
 
Fourth
 
Third
 
Second
 
First
Operating revenue
 
$
2,958

 
$
3,732

 
$
2,800

 
$
2,816

Operating income
 
325

 
649

 
513

 
358

Net income
 
224

 
534

 
449

 
323

Net income available for common stock
 
194

 
503

 
419

 
293

Common dividends declared
 
200

 
200

 
—

 
200


 
2018
(in millions)
 
Fourth
 
Third
 
Second
 
First
Operating revenue
 
$
2,994

 
$
4,260

 
$
2,803

 
$
2,554

Operating (loss) income1
 
(2,013
)
 
754

 
439

 
414

Net (loss) income
 
(1,399
)
 
567

 
327

 
316

Net (loss) income available for common stock
 
(1,429
)
 
536

 
297

 
286

Common dividends declared
 
—

 
264

 
100

 
212


1    In the fourth quarter of 2018, SCE recorded a charge of $2.5 billion for wildfire-related claims, net of expected recoveries from insurance and FERC customers.
Due to the seasonal nature of Edison International and SCE's business, a significant amount of revenue and earnings are recorded in the third quarter of each year.