Quarterly Income Statement

Time Frame: Annual | Quarterly

Period Ended 12/31/18 09/30/18 06/30/18 03/31/18 12/31/17
  UCA Update Update Update CCA
  03/08/19 03/08/19 03/08/19 07/27/18 03/07/19
In millions of USD (except for per share items)
Electric Operations 3,009.00 4,269.00 2,815.00 2,564.00 3,220.00
Revenue 3,009.00 4,269.00 2,815.00 2,564.00 3,220.00
Total Revenue 3,009.00 4,269.00 2,815.00 2,564.00 3,220.00
Purchased Power 1,062.00 2,306.00 1,112.00 926.00 1,131.00
Cost of Revenue, Total 1,062.00 2,306.00 1,112.00 926.00 1,131.00
Operations & Maintenance 729.00 674.00 719.00 675.00 813.00
Depreciation 480.00 466.00 463.00 462.00 506.00
Depreciation/Amortization 480.00 466.00 463.00 462.00 506.00
Impairment-Assets Held for Use 18.00 -11.00 5.00 66.00 716.00
Other Unusual Expense (Income) 2,669.00 -- -- -- 0.00
Unusual Expense (Income) 2,687.00 -11.00 5.00 66.00 716.00
Property & Other Taxes 94.00 97.00 97.00 107.00 93.00
Other Operating Expense -2.00 -2.00 -1.00 -2.00 -1.00
Other Operating Expenses, Total 92.00 95.00 96.00 105.00 92.00
Total Operating Expense 5,050.00 3,530.00 2,395.00 2,234.00 3,258.00
Operating Income -2,041.00 739.00 420.00 330.00 -38.00
Interest Expense - Non-Operating -196.00 -188.00 -180.00 -170.00 -166.00
Interest Expense, Net Non-Operating -196.00 -188.00 -180.00 -170.00 -166.00
Interest Income(Exp), Net Non-Operating 21.00 76.00 49.00 51.00 34.00
Interest Inc.(Exp.),Net-Non-Op., Total -175.00 -112.00 -131.00 -119.00 -132.00
Net Income Before Taxes -2,216.00 627.00 289.00 211.00 -170.00
Provision for Income Taxes -782.00 83.00 -9.00 -31.00 -102.00
Net Income After Taxes -1,434.00 544.00 298.00 242.00 -68.00
Minority Interest 0.00 0.00 8.00 6.00 19.00
Net Income Before Extra. Items -1,434.00 544.00 306.00 248.00 -49.00
Discontinued Operations 34.00 -- -- -- 0.00
Extraordinary Item 0.00 -- -- -- -466.00
Total Extraordinary Items 34.00 -- -- -- -466.00
Net Income -1,400.00 544.00 306.00 248.00 -515.00
Preferred Dividends -30.00 -31.00 -30.00 -30.00 -30.00
Miscellaneous Earnings Adjustment 0.00 -- -- -- 0.00
Total Adjustments to Net Income -30.00 -31.00 -30.00 -30.00 -30.00
Income Available to Com Excl ExtraOrd -1,464.00 513.00 276.00 218.00 -79.00
Income Available to Com Incl ExtraOrd -1,430.00 513.00 276.00 218.00 -545.00
Basic Weighted Average Shares 326.00 326.00 326.00 326.00 326.00
Basic EPS Excluding Extraordinary Items -4.49 1.57 0.85 0.67 -0.24
Basic EPS Including Extraordinary Items -4.39 1.57 0.85 0.67 -1.67
Diluted Net Income -1,430.00 513.00 276.00 218.00 -545.00
Diluted Weighted Average Shares 326.00 327.00 327.00 327.00 326.00
Diluted EPS Excluding ExtraOrd Items -4.49 1.57 0.84 0.67 -0.24
Diluted EPS Including ExtraOrd Items -4.39 1.57 0.84 0.67 -1.67
DPS - Common Stock Primary Issue 0.60 0.60 0.60 0.60 0.54
Gross Dividends - Common Stock 200.00 197.00 197.00 197.00 154.00
Total Special Items 2,687.00 -11.00 5.00 66.00 716.00
Normalized Income Before Taxes 471.00 616.00 294.00 277.00 546.00
Effect of Special Items on Income Taxes 940.45 -1.46 1.75 23.10 250.60
Inc Tax Ex Impact of Sp Items 158.45 81.54 -7.25 -7.90 148.60
Normalized Income After Taxes 312.55 534.46 301.25 284.90 397.40
Normalized Inc. Avail to Com. 282.55 503.46 279.25 260.90 386.40
Basic Normalized EPS 0.87 1.54 0.86 0.80 1.19
Diluted Normalized EPS 0.87 1.54 0.85 0.80 1.19
Depreciation, Supplemental 301.00 565.00 595.00 479.00 524.00
Interest Expense, Supplemental 196.00 188.00 180.00 170.00 166.00
Stock-Based Compensation, Supplemental 3.00 5.00 4.00 8.00 14.00
Minority Interest, Supplemental 0.00 0.00 8.00 6.00 19.00
Operating Margin -67.83 17.31 14.92 12.87 -1.18
Pretax Margin -73.65 14.69 10.27 8.23 -5.28
Effective Tax Rate -- 13.24 -3.11 -14.69 --
Net Profit Margin -48.65 12.02 9.80 8.50 -2.45
Normalized EBIT 646.00 728.00 425.00 396.00 678.00
Normalized EBITDA 947.00 1,293.00 1,020.00 875.00 1,202.00
Interest Cost - Domestic 35.00 35.00 -56.00 35.00 41.00
Service Cost - Domestic 30.00 32.00 32.00 32.00 30.00
Prior Service Cost - Domestic 1.00 1.00 0.00 1.00 1.00
Expected Return on Assets - Domestic -59.00 -56.00 -56.00 -57.00 -53.00
Actuarial Gains and Losses - Domestic 9.00 -- -- -- 21.00
Curtailments & Settlements - Domestic 0.00 0.00 -- -- -2.00
Other Pension, Net - Domestic 8.00 4.00 5.00 4.00 -19.00
Domestic Pension Plan Expense 24.00 16.00 -75.00 15.00 19.00
Interest Cost - Post-Retirement 17.00 21.00 -30.00 21.00 14.00
Service Cost - Post-Retirement 8.00 10.00 10.00 9.00 4.00
Prior Service Cost - Post-Retirement 0.00 0.00 -1.00 0.00 -1.00
Expected Return on Assets - Post-Retir. -30.00 -31.00 -30.00 -30.00 -29.00
Actuarial Gains and Losses - Post-Retir. -- -- -- -- 0.00
Post-Retirement Plan Expense -5.00 0.00 -51.00 0.00 -12.00
Total Pension Expense 19.00 16.00 -126.00 15.00 7.00
Total Plan Interest Cost 52.00 56.00 -86.00 56.00 55.00
Total Plan Service Cost 38.00 42.00 42.00 41.00 34.00
Total Plan Expected Return -89.00 -87.00 -86.00 -87.00 -82.00
Total Plan Other Expense 8.00 4.00 5.00 4.00 -19.00

Data Provided by Thomson Financial. Edison International does not maintain or provide information directly to this site. Edison International makes no representation or warranties with respect to the information contained herein and takes no responsibility for supplementing, updating, or correcting any such information.