Consolidated Statements of Changes in Equity

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Consolidated Statements of Changes in Equity

Note 2.Consolidated Statements of Changes in Equity

The following table provides Edison International's changes in equity for the nine months ended September 30, 2022:

											Noncontrolling
	Equity Attributable to Edison International Shareholders										Interests
					Accumulated
					Other
	Preferred		Common		Comprehensive		Retained				Preference		Total
(in millions, except per share amounts)	Stock		Stock		Loss		Earnings		Subtotal		Stock		Equity
Balance at December 31, 2021	$	1,977	$	6,071	$	(54)	$	7,894	$	15,888	$	1,901	$	17,789
Net income		—		—		—		110		110		26		136
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		12		—		—		12		—		12
Common stock dividends declared ($0.7000 per share)		—		—		—		(267)		(267)		—		(267)
Preferred stock dividend declared ($26.875 per share for Series A and $17.08333 per share for Series B)		—		—		—		(21)		(21)		—		(21)
Dividends to noncontrolling interests ($11.160 - $35.937 per share for preference stock)		—		—		—		—		—		(26)		(26)
Noncash stock-based compensation		—		7		—		—		7		—		7
Balance at March 31, 2022	$	1,977	$	6,090	$	(52)	$	7,716	$	15,731	$	1,901	$	17,632
Net income		—		—		—		267		267		25		292
Other comprehensive income		—		—		4		—		4		—		4
Common stock issued, net of issuance cost		—		27		—		—		27		—		27
Common stock dividends declared ($0.7000 per share)		—		—		—		(267)		(267)		—		(267)
Dividends to noncontrolling interests ($14.017 - $35.937 per share for preference stock)		—		—		—		—		—		(25)		(25)
Noncash stock-based compensation		—		12		—		—		12		—		12
Balance at June 30, 2022	$	1,977	$	6,129	$	(48)	$	7,716	$	15,774	$	1,901	$	17,675
Net (loss) income		—		—		—		(101)		(101)		27		(74)
Other comprehensive income		—		—		1		—		1		—		1
Common stock issued, net of issuance cost		—		28		—		—		28		—		28
Common stock dividends declared ($0.7000 per share)		—		—		—		(267)		(267)		—		(267)
Preferred stock dividend declared ($26.875 per share for Series A and $25.000 per share for Series B)		—		—		—		(53)		(53)		—		(53)
Dividends to noncontrolling interests ($17.8564 - $35.937 per share for preference stock)		—		—		—		—		—		(27)		(27)
Noncash stock-based compensation		—		10		—		—		10		—		10
Balance at September 30, 2022	$	1,977	$	6,167	$	(47)	$	7,295	$	15,392	$	1,901	$	17,293

The following table provides Edison International's changes in equity for the nine months ended September 30, 2021:

											Noncontrolling
	Equity Attributable to Edison International Shareholders										Interests
					Accumulated
					Other
	Preferred		Common		Comprehensive		Retained				Preference		Total
(in millions, except per share amounts)	Stock		Stock		Loss		Earnings		Subtotal		Stock		Equity
Balance at December 31, 2020	$	—	$	5,962	$	(69)	$	8,155	$	14,048	$	1,901	$	15,949
Net income		—		—		—		263		263		27		290
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		21		—		—		21		—		21
Preferred stock issued, net of issuance cost		1,237		—		—		—		1,237		—		1,237
Common stock dividends declared ($0.6625 per share)		—		—		—		(251)		(251)		—		(251)
Preferred stock dividend accrued ($3.434 per share)		—		—		—		(4)		(4)		—		(4)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(27)		(27)
Noncash stock-based compensation		—		6		—		—		6		—		6
Balance at March 31, 2021	$	1,237	$	5,989	$	(67)	$	8,163	$	15,322	$	1,901	$	17,223
Net income		—		—		—		335		335		26		361
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		14		—		—		14		—		14
Preferred stock issuance cost		(2)		—		—		—		(2)		—		(2)
Common stock dividends declared ($0.6625 per share)		—		—		—		(252)		(252)		—		(252)
Preferred stock dividend accrued ($13.2882 per share)		—		—		—		(17)		(17)		—		(17)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(26)		(26)
Noncash stock-based compensation		—		10		—		—		10		—		10
Balance at June 30, 2021	$	1,235	$	6,013	$	(65)	$	8,229	$	15,412	$	1,901	$	17,313
Net (loss) income		—		—		—		(324)		(324)		27		(297)
Other comprehensive income		—		—		2		—		2		—		2
Common stock issued, net of issuance cost		—		10		—		—		10		—		10
Common stock dividends declared ($0.6625 per share)		—		—		—		(252)		(252)		—		(252)
Preferred stock dividend accrued ($3.4375 per share)								(17)		(17)		—		(17)
Dividends to noncontrolling interests ($15.625 - $35.936 per share for preference stock)		—		—		—		—		—		(27)		(27)
Noncash stock-based compensation and other		—		10		—		—		10				10
Balance at September 30, 2021	$	1,235	$	6,033	$	(63)	$	7,636	$	14,841	$	1,901	$	16,742

The following table provides SCE's changes in equity for the nine months ended September 30, 2022:

							Accumulated
					Additional		Other
	Preference		Common		Paid-in		Comprehensive		Retained		Total
(in millions, except per share amounts)	Stock		Stock		Capital		Loss		Earnings		Equity
Balance at December 31, 2021	$	1,945	$	2,168	$	7,033	$	(32)	$	8,721	$	19,835
Net income		—		—		—		—		173		173
Other comprehensive income		—		—		—		1		—		1
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends on preference stock ($11.160 - $35.937 per share)		—		—		—		—		(26)		(26)
Stock-based compensation		—		—		(9)		—		—		(9)
Noncash stock-based compensation		—		—		4		—		(1)		3
Balance at March 31, 2022	$	1,945	$	2,168	$	7,028	$	(31)	$	8,542	$	19,652
Net income		—		—		—		—		327		327
Other comprehensive income		—		—		—		3		—		3
Capital contribution from Edison International Parent		—		—		700		—		—		700
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preference stock ($14.017 - $35.937 per share)		—		—		—		—		(25)		(25)
Stock-based compensation		—		—		(1)		—		—		(1)
Noncash stock-based compensation		—		—		5		—		1		6
Balance at June 30, 2022	$	1,945	$	2,168	$	7,732	$	(28)	$	8,520	$	20,337
Net loss		—		—		—		—		(53)		(53)
Other comprehensive income		—		—		—		1		—		1
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preference stock ($17.8564 - $35.937 per share)		—		—		—		—		(27)		(27)
Stock-based compensation		—		—		(2)		—		—		(2)
Noncash stock-based compensation and other		—		—		5		—		—		5
Balance at September 30, 2022	$	1,945	$	2,168	$	7,735	$	(27)	$	8,115	$	19,936

The following table provides SCE's changes in equity for the nine months ended September 30, 2021:

							Accumulated
					Additional		Other
	Preference		Common		Paid-in		Comprehensive		Retained		Total
(in millions, except per share amounts)	Stock		Stock		Capital		Loss		Earnings		Equity
Balance at December 31, 2020	$	1,945	$	2,168	$	5,387	$	(41)	$	9,191	$	18,650
Net income		—		—		—		—		323		323
Other comprehensive income		—		—		—		2		—		2
Capital contribution from Edison International Parent		—		—		900		—		—		900
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preference stock (15.625 - $35.936 per share)		—		—		—		—		(27)		(27)
Stock-based compensation		—		—		(4)		—		—		(4)
Noncash stock-based compensation		—		—		3		—		—		3
Balance at March 31, 2021	$	1,945	$	2,168	$	6,286	$	(39)	$	9,162	$	19,522
Net income		—		—		—		—		385		385
Other comprehensive income		—		—		—		1		—		1
Capital contribution from Edison International Parent		—		—		325		—		—		325
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preferred and preference stock ($15.625 - $35.936 per share for preference stock)		—		—		—		—		(26)		(26)
Noncash stock-based compensation		—		—		5		—		—		5
Balance at June 30, 2021	$	1,945	$	2,168	$	6,616	$	(38)	$	9,196	$	19,887
Net loss		—		—		—		—		(257)		(257)
Other comprehensive income		—		—		—		2		—		2
Capital contribution from Edison International Parent		—		—		83		—		—		83
Dividends declared on common stock ($0.7473 per share)		—		—		—		—		(325)		(325)
Dividends declared on preferred and preference stock ($15.625 - $35.936 per share for preference stock)		—		—		—		—		(27)		(27)
Noncash stock-based compensation and other		—		—		5		—				5
Balance at September 30, 2021	$	1,945	$	2,168	$	6,704	$	(36)	$	8,587	$	19,368