2013 Q2 Form 10-Q Financial Statement

#000082705213000132 Filed on August 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $3.046B $2.653B
YoY Change 14.81% 8.33%
Cost Of Revenue $1.076B $822.0M
YoY Change 30.9% 26.46%
Gross Profit $1.970B $1.831B
YoY Change 7.59% -12.1%
Gross Profit Margin 64.67% 69.02%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $434.0M $415.0M
YoY Change 4.58% -12.26%
% of Gross Profit 22.03% 22.67%
Operating Expenses $1.466B $1.412B
YoY Change 3.82% -15.5%
Operating Profit -$71.00M $420.0M
YoY Change -116.9% -3.23%
Interest Expense $133.0M $134.0M
YoY Change -0.75% -33.99%
% of Operating Profit 31.9%
Other Income/Expense, Net $20.00M $21.00M
YoY Change -4.76% -64.41%
Pretax Income -$184.0M $307.0M
YoY Change -159.93% 10.04%
Income Tax -$102.0M $100.0M
% Of Pretax Income 32.57%
Net Earnings -$94.00M $74.00M
YoY Change -227.03% -57.95%
Net Earnings / Revenue -3.09% 2.79%
Basic Earnings Per Share -$0.29 $0.23
Diluted Earnings Per Share -$0.29 $0.22
COMMON SHARES
Basic Shares Outstanding 326.0M shares 326.0M shares
Diluted Shares Outstanding 326.0M shares 334.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.0M $1.175B
YoY Change -87.4% 24.34%
Cash & Equivalents $148.0M $1.175B
Short-Term Investments $982.0M
Other Short-Term Assets $122.0M $147.0M
YoY Change -17.01% -91.76%
Inventory $267.0M $567.0M
Prepaid Expenses
Receivables $815.0M $864.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.022B $4.438B
YoY Change -31.91% 2.33%
LONG-TERM ASSETS
Property, Plant & Equipment $29.38B $33.24B
YoY Change -11.63% 5.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.377B $4.560B
YoY Change -4.01% 2.7%
Other Assets $681.0M $717.0M
YoY Change -5.02% -89.51%
Total Long-Term Assets $42.01B $44.95B
YoY Change -6.55% 5.18%
TOTAL ASSETS
Total Short-Term Assets $3.022B $4.438B
Total Long-Term Assets $42.01B $44.95B
Total Assets $45.03B $49.39B
YoY Change -8.83% 4.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.288B $1.140B
YoY Change 12.98% 2.7%
Accrued Expenses $199.0M $227.0M
YoY Change -12.33% 0.89%
Deferred Revenue
YoY Change
Short-Term Debt $853.0M $327.0M
YoY Change 160.86% -15.72%
Long-Term Debt Due $800.0M $565.0M
YoY Change 41.59% 966.04%
Total Short-Term Liabilities $4.888B $4.223B
YoY Change 15.75% 8.78%
LONG-TERM LIABILITIES
Long-Term Debt $8.830B $13.66B
YoY Change -35.35% 5.42%
Other Long-Term Liabilities $2.242B $2.640B
YoY Change -15.08% -78.93%
Total Long-Term Liabilities $11.07B $16.30B
YoY Change -32.07% -36.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.888B $4.223B
Total Long-Term Liabilities $11.07B $16.30B
Total Liabilities $33.92B $37.44B
YoY Change -9.41% 6.01%
SHAREHOLDERS EQUITY
Retained Earnings $7.049B $7.730B
YoY Change -8.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.11B $11.71B
YoY Change
Total Liabilities & Shareholders Equity $45.03B $49.39B
YoY Change -8.83% 4.91%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$94.00M $74.00M
YoY Change -227.03% -57.95%
Depreciation, Depletion And Amortization $434.0M $415.0M
YoY Change 4.58% -12.26%
Cash From Operating Activities $755.0M $483.0M
YoY Change 56.31% -4.17%
INVESTING ACTIVITIES
Capital Expenditures -$855.0M -$936.0M
YoY Change -8.65% -16.65%
Acquisitions
YoY Change
Other Investing Activities -$160.0M -$96.00M
YoY Change 66.67% 174.29%
Cash From Investing Activities -$1.015B -$1.032B
YoY Change -1.65% -10.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 293.0M 241.0M
YoY Change 21.58% -19.93%
NET CHANGE
Cash From Operating Activities 755.0M 483.0M
Cash From Investing Activities -1.015B -1.032B
Cash From Financing Activities 293.0M 241.0M
Net Change In Cash 33.00M -308.0M
YoY Change -110.71% -12.75%
FREE CASH FLOW
Cash From Operating Activities $755.0M $483.0M
Capital Expenditures -$855.0M -$936.0M
Free Cash Flow $1.610B $1.419B
YoY Change 13.46% -12.78%

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575000000 USD
CY2012Q2 eix Asset Impairment And Other Charges
AssetImpairmentAndOtherCharges
-1000000 USD
eix Bonds Remarketed Net
BondsRemarketedNet
0 USD
eix Bonds Remarketed Net
BondsRemarketedNet
195000000 USD
CY2013Q2 eix Cash And Cash Equivalents Continuing Operations
CashAndCashEquivalentsContinuingOperations
148000000 USD
CY2012Q2 eix Cash And Cash Equivalents Continuing Operations
CashAndCashEquivalentsContinuingOperations
166000000 USD
CY2012Q4 eix Cash Reclassified To Accounts Payable
CashReclassifiedToAccountsPayable
247000000 USD
CY2013Q2 eix Cash Reclassified To Accounts Payable
CashReclassifiedToAccountsPayable
160000000 USD
CY2012Q4 eix Common Shareholders Equity
CommonShareholdersEquity
9432000000 USD
CY2013Q2 eix Common Shareholders Equity
CommonShareholdersEquity
9355000000 USD
eix Depreciation Decommissioning And Amortization
DepreciationDecommissioningAndAmortization
788000000 USD
CY2013Q2 eix Depreciation Decommissioning And Amortization
DepreciationDecommissioningAndAmortization
418000000 USD
CY2012Q2 eix Depreciation Decommissioning And Amortization
DepreciationDecommissioningAndAmortization
400000000 USD
eix Depreciation Decommissioning And Amortization
DepreciationDecommissioningAndAmortization
832000000 USD
CY2013Q2 eix Number Of Invoices For Reimbursement
NumberOfInvoicesForReimbursement
7 invoices
eix Other Amortization And Other Expenses
OtherAmortizationAndOtherExpenses
33000000 USD
CY2012Q2 eix Dividends Payable Common Stock
DividendsPayableCommonStock
106000000 USD
CY2013Q2 eix Dividends Payable Common Stock
DividendsPayableCommonStock
110000000 USD
CY2012Q2 eix Dividends Payable Preferred And Preference Stock
DividendsPayablePreferredAndPreferenceStock
34000000 USD
CY2013Q2 eix Dividends Payable Preferred And Preference Stock
DividendsPayablePreferredAndPreferenceStock
29000000 USD
eix Effective Tax Rate Excluding Income Attributable To Noncontrollling Interests
EffectiveTaxRateExcludingIncomeAttributableToNoncontrolllingInterests
0.324
CY2012Q2 eix Effective Tax Rate Excluding Income Attributable To Noncontrollling Interests
EffectiveTaxRateExcludingIncomeAttributableToNoncontrolllingInterests
0.326
CY2013Q2 eix Gain Contingency Invoiced Amount For Reimbursement
GainContingencyInvoicedAmountForReimbursement
149000000 USD
CY2013Q2 eix Gain Contingency Invoiced Amount Paid For Reimbursement
GainContingencyInvoicedAmountPaidForReimbursement
45000000 USD
eix Income From Continuing Operations Before Income Taxes And Noncontrolling Interest
IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
199000000 USD
eix Income From Continuing Operations Before Income Taxes And Noncontrolling Interest
IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
593000000 USD
CY2012Q2 eix Income From Continuing Operations Before Income Taxes And Noncontrolling Interest
IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
307000000 USD
CY2013Q2 eix Income From Continuing Operations Before Income Taxes And Noncontrolling Interest
IncomeFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
-184000000 USD
CY2012Q2 eix Income Tax Reconciliation Adjustment Tax Reserve Adjustment
IncomeTaxReconciliationAdjustmentTaxReserveAdjustment
0 USD
CY2013Q2 eix Income Tax Reconciliation Adjustment Tax Reserve Adjustment
IncomeTaxReconciliationAdjustmentTaxReserveAdjustment
-11000000 USD
eix Income Tax Reconciliation Adjustment Tax Reserve Adjustment
IncomeTaxReconciliationAdjustmentTaxReserveAdjustment
-1000000 USD
eix Income Tax Reconciliation Adjustment Tax Reserve Adjustment
IncomeTaxReconciliationAdjustmentTaxReserveAdjustment
-18000000 USD
CY2012Q2 eix Income Tax Reconciliation Property Related
IncomeTaxReconciliationPropertyRelated
-10000000 USD
eix Income Tax Reconciliation Property Related
IncomeTaxReconciliationPropertyRelated
-19000000 USD
CY2013Q2 eix Income Tax Reconciliation Property Related
IncomeTaxReconciliationPropertyRelated
-22000000 USD
eix Income Tax Reconciliation Property Related
IncomeTaxReconciliationPropertyRelated
-64000000 USD
eix Increase Decrease In Customer Advances And Other Investments
IncreaseDecreaseInCustomerAdvancesAndOtherInvestments
23000000 USD
eix Increase Decrease In Customer Advances And Other Investments
IncreaseDecreaseInCustomerAdvancesAndOtherInvestments
-7000000 USD
eix Increase Decrease In Derivative Assets And Liabilities Net
IncreaseDecreaseInDerivativeAssetsAndLiabilitiesNet
79000000 USD
eix Increase Decrease In Derivative Assets And Liabilities Net
IncreaseDecreaseInDerivativeAssetsAndLiabilitiesNet
-152000000 USD
eix Increase Decrease In Margin And Collateral Deposits Net Of Collateral Received
IncreaseDecreaseInMarginAndCollateralDepositsNetOfCollateralReceived
67000000 USD
eix Increase Decrease In Margin And Collateral Deposits Net Of Collateral Received
IncreaseDecreaseInMarginAndCollateralDepositsNetOfCollateralReceived
3000000 USD
eix Increase Decrease In Regulatory Assets And Liabilities Net
IncreaseDecreaseInRegulatoryAssetsAndLiabilitiesNet
-252000000 USD
eix Increase Decrease In Regulatory Assets And Liabilities Net
IncreaseDecreaseInRegulatoryAssetsAndLiabilitiesNet
11000000 USD
eix Incremental Shares From Assumed Conversions
IncrementalSharesFromAssumedConversions
3000000 shares
CY2012Q2 eix Incremental Shares From Assumed Conversions
IncrementalSharesFromAssumedConversions
8000000 shares
eix Incremental Shares From Assumed Conversions
IncrementalSharesFromAssumedConversions
7000000 shares
CY2013Q2 eix Incremental Shares From Assumed Conversions
IncrementalSharesFromAssumedConversions
0 shares
CY2013Q2 eix Investments And Other Assets
InvestmentsAndOtherAssets
4377000000 USD
CY2012Q4 eix Investments And Other Assets
InvestmentsAndOtherAssets
4234000000 USD
eix Issuance Of Preference Stock During Period Value
IssuanceOfPreferenceStockDuringPeriodValue
805000000 USD
eix Issuance Of Preference Stock During Period Value
IssuanceOfPreferenceStockDuringPeriodValue
387000000 USD
CY2013Q2 eix Long Term Assets Noncurrent
LongTermAssetsNoncurrent
8252000000 USD
CY2012Q4 eix Long Term Assets Noncurrent
LongTermAssetsNoncurrent
7215000000 USD
CY2012Q4 eix Long Term Debt At Fair Value
LongTermDebtAtFairValue
10944000000 USD
CY2013Q2 eix Long Term Debt At Fair Value
LongTermDebtAtFairValue
10593000000 USD
eix Maximum Maturity Of Cash Equivalent Investments Period
MaximumMaturityOfCashEquivalentInvestmentsPeriod
P3M
CY2013Q2 eix Notice Of Claim Amount
NoticeOfClaimAmount
352000000 USD
eix Payments For Purchase Of Bonds
PaymentsForPurchaseOfBonds
196000000 USD
eix Outage Policy Benefit Reduction Percentage
OutagePolicyBenefitReductionPercentage
0.9
eix Payments For Purchase Of Bonds
PaymentsForPurchaseOfBonds
0 USD
eix Other Amortization And Other Expenses
OtherAmortizationAndOtherExpenses
34000000 USD
eix Premiums Paid On Extinguishment Of Debt And Long Term Debt Issuance Costs
PremiumsPaidOnExtinguishmentOfDebtAndLongTermDebtIssuanceCosts
4000000 USD
eix Premiums Paid On Extinguishment Of Debt And Long Term Debt Issuance Costs
PremiumsPaidOnExtinguishmentOfDebtAndLongTermDebtIssuanceCosts
4000000 USD
eix Proceeds From Us Treasury Grant
ProceedsFromUsTreasuryGrant
0 USD
eix Proceeds From Us Treasury Grant
ProceedsFromUsTreasuryGrant
29000000 USD
CY2013Q2 eix Receivables Payables Net Related To Investments
ReceivablesPayablesNetRelatedToInvestments
-148000000 USD
CY2012Q4 eix Receivables Payables Net Related To Investments
ReceivablesPayablesNetRelatedToInvestments
-1000000 USD
eix Redemption Of Preference Stock During Period Value
RedemptionOfPreferenceStockDuringPeriodValue
75000000 USD
eix Redemption Of Preference Stock During Period Value
RedemptionOfPreferenceStockDuringPeriodValue
400000000 USD
eix Regulatory Impact Of Net Nuclear Decommissioning Trust Earnings Reflected In Accumulated Depreciation
RegulatoryImpactOfNetNuclearDecommissioningTrustEarningsReflectedInAccumulatedDepreciation
161000000 USD
eix Regulatory Impact Of Net Nuclear Decommissioning Trust Earnings Reflected In Accumulated Depreciation
RegulatoryImpactOfNetNuclearDecommissioningTrustEarningsReflectedInAccumulatedDepreciation
114000000 USD
eix Stock Based Compensation
StockBasedCompensation
30000000 USD
eix Stock Based Compensation
StockBasedCompensation
37000000 USD
eix Stock Issued During Period Value Share Based Compensation And Other
StockIssuedDuringPeriodValueShareBasedCompensationAndOther
-41000000 USD
eix Stock Issued During Period Value Share Based Compensation And Other
StockIssuedDuringPeriodValueShareBasedCompensationAndOther
-37000000 USD
eix Tax Effect Upon Transfer Of Assets
TaxEffectUponTransferOfAssets
21000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000827052
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
325811206 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
EDISON INTERNATIONAL

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