Equity

6 Months Ended

Jun. 30, 2022

Equity

Equity

Note 13. Equity

Common Stock Issuances

Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the three months ended June 30, 2022, 393,863 shares of common stock were issued as stock compensation awards for net cash receipts of $20 million, 64,531 shares of new common stock were issued in lieu of distributing $5 million to shareholders opting to receive dividend payments in the form of additional common stock and 31,000 shares of common stock were issued to employees through the 401(k) defined contribution savings plan for net cash receipts of $2 million as dividend payments.

During the six months ended June 30, 2022, 784,832 shares of common stock were issued as stock compensation awards for net cash receipts of $31 million, 136,346 shares of new common stock were issued in lieu of distributing $9 million to shareholders opting to receive dividend payments in the form of additional common stock, 71,000 shares of common stock were issued to employees through the 401(k) defined contribution savings plan for net cash receipts of $5 million as dividend payments, 14,269 shares of common stock were issued to employees through the Employee Stock Purchase Plan for net cash receipts of $1 million and 12,864 shares of common stock were issued to employees through voluntary cash purchases for net cash receipts of $1 million.

In February 2022, Edison International terminated its "at-the-market" ("ATM") program established in May 2019. Edison International did not issue any shares during 2022 through the ATM program.

Equity Contributions

For both the three and six months ended June 30, 2022, SCE received a total of $700 million in capital contributions from Edison International Parent to support SCE's capital program, maintain the equity portion of SCE's capital structure at authorized levels and for general corporate purposes.