Dec 31, 2020

Edison Q4 2020 Earnings Report

Edison International reported fourth quarter 2020 results.

Key Takeaways

Edison International's fourth quarter 2020 net income was $526 million, or $1.39 per share, compared to net income of $143 million, or $0.40 per share, in the fourth quarter 2019. As adjusted, fourth quarter 2020 core earnings were $451 million, or $1.19 per share, compared to core earnings of $355 million, or $0.99 per share, in the fourth quarter 2019.

Fourth Quarter 2020 GAAP EPS of $1.39; Core EPS of $1.19

Full-Year 2020 GAAP EPS of $1.98; Core EPS of $4.52 exceeds midpoint of initial guidance range

Edison International declares quarterly dividend of $0.6625 per share; annualized rate of $2.65 per share

EIX will issue securities with up to $1 billion of equity content in 2021

Total Revenue
$3.16B
Previous year: $2.97B
+6.3%
EPS
$1.19
Previous year: $0.99
+20.2%
Gross Profit
$1.31B
Previous year: $1.22B
+7.8%
Cash and Equivalents
$87M
Previous year: $68M
+27.9%
Free Cash Flow
-$1.4B
Previous year: -$870M
+60.3%
Total Assets
$69.4B
Previous year: $64.4B
+7.8%

Edison

Edison

Forward Guidance

Edison International will provide 2021 earnings guidance after a final decision has been adopted by the CPUC on the Southern California Edison 2021 GRC, consistent with the company's prior practice.