XML 28 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Income (Unaudited) - Southern - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Total operating revenues $ 8,378 $ 6,238 $ 22,232 $ 17,346
Operating Expenses:        
Other operations and maintenance 1,547 1,446 4,621 4,257
Depreciation and amortization 922 896 2,728 2,658
Taxes other than income taxes 352 312 1,073 969
Estimated loss on Plant Vogtle Units 3 and 4 (70) 264 (18) 772
Gain on dispositions, net (20) (125) (53) (179)
Total operating expenses 6,185 4,515 17,000 13,317
Operating Income 2,193 1,723 5,232 4,029
Other Income and (Expense):        
Allowance for equity funds used during construction 59 49 163 140
Earnings from equity method investments 28 30 109 35
Interest expense, net of amounts capitalized (511) (451) (1,461) (1,352)
Other income (expense), net 132 131 414 290
Total other income and (expense) (292) (241) (775) (887)
Earnings Before Income Taxes 1,901 1,482 4,457 3,142
Income taxes (benefit) 414 372 891 550
Consolidated Net Income 1,487 1,110 3,566 2,592
Dividends on preferred stock of subsidiaries 3 4 10 11
Net income (loss) attributable to noncontrolling interests 12 5 (55) (27)
Net Income $ 1,472 $ 1,101 $ 3,611 $ 2,608
Earnings per share -        
Basic (in dollars per share) $ 1.36 $ 1.04 $ 3.38 $ 2.46
Diluted (in dollars per share) $ 1.35 $ 1.03 $ 3.36 $ 2.44
Average number of shares of common stock outstanding — (in millions)        
Basic (in shares) 1,082 1,061 1,070 1,060
Diluted (in shares) 1,088 1,068 1,076 1,067
Retail electric revenues        
Operating Revenues:        
Total operating revenues $ 5,961 $ 4,551 $ 14,363 $ 11,492
Wholesale Electric        
Operating Revenues:        
Total operating revenues 1,197 731 2,798 1,822
Other electric revenues        
Operating Revenues:        
Total operating revenues 185 179 554 525
Natural Gas        
Operating Revenues:        
Total operating revenues 857 623 3,998 2,994
Natural gas        
Operating Expenses:        
Less Gross Gas Costs 294 129 1,840 943
Alternative revenue programs        
Operating Revenues:        
Total operating revenues (1) (1) 0 3
Other revenues        
Operating Revenues:        
Total operating revenues 178 154 519 513
Operating Expenses:        
Less Gross Gas Costs 92 71 275 255
Fuel        
Operating Expenses:        
Less Gross Gas Costs 2,423 1,234 5,249 2,930
Purchased power        
Operating Expenses:        
Less Gross Gas Costs $ 645 $ 288 $ 1,285 $ 712