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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenue $ 4,336 $ 3,964 $ 8,414 $ 7,930
Purchased power and fuel 1,234 1,147 2,242 2,465
Operation and maintenance 1,285 1,241 2,602 2,325
Wildfire-related claims, net of insurance recoveries     615 96
Wildfire Insurance Fund expense 37 53 73 105
Depreciation and amortization 726 650 1,428 1,306
Property and other taxes 154 149 309 289
Total operating expenses 3,436 3,240 7,269 6,586
Operating income 900 724 1,145 1,344
Interest expense (480) (392) (924) (753)
Other income, net 148 128 286 247
Income before income taxes 568 460 507 838
Income tax expense (benefit) 59 51 (54) 64
Net income 509 409 561 774
Less: Net income attributable to noncontrolling interests - preference stock of SCE 49 29 90 58
Preferred stock dividend requirements of Edison International 21 26 43 52
Net (loss) income available to common stock $ 439 $ 354 $ 428 $ 664
Basic earnings per share:        
Weighted average shares of common stock outstanding 385 383 385 383
Basic earnings per common share available to Edison International common shareholders $ 1.14 $ 0.92 $ 1.11 $ 1.73
Diluted earnings per share:        
Weighted average shares of common stock outstanding, including effect of dilutive securities 388 385 387 385
Diluted earnings per common share available to Edison International common shareholders $ 1.13 $ 0.92 $ 1.11 $ 1.73
SCE        
Operating revenue $ 4,324 $ 3,949 $ 8,388 $ 7,899
Purchased power and fuel 1,234 1,147 2,242 2,465
Operation and maintenance 1,258 1,235 2,549 2,316
Wildfire-related claims, net of insurance recoveries     614 96
Wildfire Insurance Fund expense 37 53 73 105
Depreciation and amortization 725 648 1,426 1,304
Property and other taxes 154 148 307 287
Total operating expenses 3,408 3,231 7,211 6,573
Operating income 916 718 1,177 1,326
Interest expense (408) (328) (782) (628)
Other income, net 147 127 282 247
Income before income taxes 655 517 677 945
Income tax expense (benefit) 83 68 (1) 97
Net income 572 449 678 848
Preferred stock dividend requirements of Edison International 49 29 90 58
Net (loss) income available to common stock $ 523 $ 420 $ 588 $ 790