Edison International is an American utility holding company that generates and distributes electric power through its subsidiaries.
The company, based in Rosemead, California, is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘EIX’.
Edison International’s portfolio of subsidiaries include:
Southern California Edison – one of America’s leading electric utilities and a leader in energy efficiency and renewable energy. SCE operates grid assets valued at more than $20 billion and serves over 14 million people across a 50,000 square-mile area of central, coastal and Southern California.
Edison Energy – offers a range of energy services including power management and electric transportation.
SoCore Energy – focuses on solar portfolio development and installing photovoltaic panels, based in Chicago.
Edison Transmission – pursues competitive electric transmission projects in the US. Edison Transmission focuses on sponsoring, developing, owning, operating and maintaining transmission projects.
The history of the company traces back to 1909 with the incorporation of the Southern California Edison Company. In 1996 the company changed its name to Edison International.
Edison International – Overview
- Chairman, President and CEO: Theodore F. Craver, Jr.
- CFO: W. James Scilacci
- Type: Public
- Industry: Utilities
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: EIX
- S&P 500 Component
- Revenue: $12.581 billion USD (2013)
- Net income: $1.015 billion USD (2013)
- Diluted earnings per share: $2.78 USD (2013)
- Founded: 1909
- Employees: 13,677 (2013)
- Corporate headquarters: 2244 Walnut Grove Avenue, Rosemead, California 91770, USA
- Corporate contact number: (626) 302-2222
- Investor relations contact number: (877) 379-9515
- Investor relations email address: [email protected]
- Website: http://www.edison.com/
| Operating data (in $ millions) | 2013 | 2012 |
| Total operating revenue | $12,581 | $11,862 |
| Total operating expenses | $10,866 | $9,577 |
| Operating income | $1,715 | $2,285 |
| Income from continuing operations before income taxes | $1,221 | $1,861 |
| Income from continuing operations | $979 | $1,594 |
| Net income (loss) | $1,015 | $(92) |
| Net income (loss) attributable to Edison International common shareholders | $915 | $(183) |
| Comprehensive income (loss) attributable to Edison International | $989 | $(131) |
| Balance sheet data (in $ millions) | ||
| Total assets | $46,646 | $44,394 |
| Total liabilities | $34,955 | $33,203 |
| Total Edison International’s common shareholders’ equity | $9,938 | $9,432 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $3,203 | $3,334 |
| Net cash used in investing activities | $(3,808) | $(5,283) |
| Net cash provided by financing activities | $581 | $650 |
| Cash and cash equivalents at end of period | $146 | $170 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $2.81 | $(0.56) |
| Diluted earnings (loss) per common share | $2.78 | $(0.56) |
Source: “Edison International 2013 Annual Report”