Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 109

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 109
---
 of common stock and participating security. Edison International's participating securities are stock-based compensation awards, payable in common shares, which earn dividend equivalents on an equal basis with common shares once the awards are vested. See Note 9 and Note 14 for further information.EPS attributable to Edison International common shareholders was computed as follows:Years ended December 31,(in millions, except per-share amounts)202420232022Basic earnings per share:Net income available to common shareholders$1,284 $1,197 $612 Weighted average common shares outstanding386 383 381 Basic earnings per share$3.33 $3.12 $1.61 Diluted earnings per share:Net income available to common shareholders$1,284 $1,197 $612 Income impact of assumed conversions1 1 1 Net income available to common shareholders and assumed conversions$1,285 $1,198 $613 Weighted average common shares outstanding386 383 381 Incremental shares from assumed conversions2 2 2 Adjusted weighted average shares – diluted388 385 383 Diluted earnings per share$3.31 $3.11 $1.60 In addition to the participating securities discussed above, Edison International also may award stock options, which are payable in common shares and are included in the diluted earnings per share calculation. Stock option awards to purchase 1,533,982, 3,771,766, and 5,839,549 of common stock for the years ended December 31, 2024, 2023, and 2022, respectively, were outstanding, but were not included in the computation of diluted earnings per share because the effect would have been antidilutive.Income TaxesEdison International and SCE estimate their income taxes for each jurisdiction in which they operate. This involves estimating current period tax expense along with assessing temporary differences resulting from the differing treatment of items (such as depreciation) for tax and accounting purposes. These differences result in deferred tax assets and liabilities, which are included in the consolidated balance sheets.Income tax expense includes the current tax liability from operations and the change in deferred income taxes during the year. Interest income, interest expense, and penalties associated with income taxes are generally reflected in "Income tax expense (benefit)" on the consolidated statements of income.Investment tax credits are generally deferred and amortized to income tax expense over the lives of the related properties. The scope of projects eligible for investment