Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 12

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 12
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 per common share ("EPS") using the two-class method, which is an earnings allocation formula that determines EPS for each class 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.

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EPS available to Edison International common shareholders was computed as follows:Three months ended September 30,Nine months ended September 30,(in millions, except per-share amounts)2025202420252024Basic earnings per share:Net income available to Edison International common shareholders$832 $516 $2,611 $944 Earnings allocated to participating securities— — (1)— Income available to common shareholders$832 $516 $2,610 $944 Weighted average common shares outstanding385 387 385 386 Basic earnings per share$2.16 $1.33 $6.78 $2.45 Diluted earnings per share:Income available to common shareholders$832 $516 $2,610 $944 Add back: Earnings allocated to participating securities— — 1 1 Net income available to Edison International common shareholders$832 $516 $2,611 $945 Weighted average common shares outstanding385 387 385 386 Effect of dilutive securities1 3 1 2 Adjusted weighted average shares – diluted386 390 386 388 Diluted earnings per share$2.16 $1.32 $6.76 $2.44 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 9,956,033 and 20,371 shares of common stock for the three months ended September 30, 2025 and 2024, respectively, 9,346,533 and 2,040,879 shares of common stock for the nine months ended September 30, 2025 and 2024, respectively, were outstanding, but were not included in the computation of diluted earnings per share because the effect would have been antidilutive.Revenue RecognitionRevenue is recognized by Edison International and SCE when a performance obligation to transfer control of the promised goods is satisfied or when services are rendered to customers. This typically occurs when electricity is delivered