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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total operating revenue $ 3,315 $ 2,987 $ 6,275 $ 5,777
Purchased power and fuel 1,283 1,068 2,296 1,996
Operation and maintenance 754 762 1,598 1,643
Wildfire Insurance Fund expense 54 83 107 167
Depreciation and amortization 533 489 1,058 973
Property and other taxes 117 103 243 214
Other operating income, net of impairment (11) (18) (11) (18)
Total operating expenses 2,730 2,487 5,291 4,975
Operating income 585 500 984 802
Interest expense (232) (229) (449) (454)
Other income 76 81 148 133
Income before income taxes 429 352 683 481
Income tax expense (benefit) 68 4 32 (80)
Net income 361 348 651 561
Preferred and preference stock dividend requirements 17   21  
Net income attributable to common shareholders $ 318 $ 318 $ 577 $ 501
Basic earnings per share        
Weighted average shares of common stock outstanding (in shares) 380 375 379 367
Basic earnings per common share attributable to Edison International common shareholders (in dollars per share) $ 0.84 $ 0.85 $ 1.52 $ 1.37
Diluted earnings per share        
Weighted average shares of common stock outstanding, including effect of dilutive securities (in shares) 380 376 380 368
Diluted earnings per common share attributable to Edison International common shareholders (in dollars per share) $ 0.84 $ 0.85 $ 1.52 $ 1.36
SCE        
Total operating revenue $ 3,306 $ 2,980 $ 6,259 $ 5,760
Purchased power and fuel 1,283 1,068 2,296 1,996
Operation and maintenance 735 741 1,562 1,600
Wildfire Insurance Fund expense 54 83 107 167
Depreciation and amortization 533 489 1,057 972
Property and other taxes 117 103 242 213
Other operating income, net of impairment (11) (52) (11) (52)
Total operating expenses 2,711 2,432 5,253 4,896
Operating income 595 548 1,006 864
Interest expense (198) (193) (382) (387)
Other income 64 82 136 134
Income before income taxes 461 437 760 611
Income tax expense (benefit) 76 26 52 (49)
Net income 385 411 708 660
Preferred and preference stock dividend requirements 26 30 53 60
Net income attributable to common shareholders $ 359 $ 381 $ 655 $ 600