XML 80 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues:      
Total operating revenues $ 23,113 $ 20,375 $ 21,419
Operating Expenses:      
Other operations and maintenance 6,088 5,413 5,624
Depreciation and amortization 3,565 3,518 3,038
Taxes other than income taxes 1,290 1,234 1,230
Gain on dispositions, net (186) (65) (2,569)
Total operating expenses 19,415 15,490 13,683
Operating Income 3,698 4,885 7,736
Other Income and (Expense):      
Interest expense, net of amounts capitalized (1,837) (1,821) (1,736)
Other income (expense), net 456 336 252
Total other income and (expense) (1,122) (1,389) (1,194)
Earnings Before Income Taxes 2,576 3,496 6,542
Income taxes (benefit) 267 393 1,798
Net Income (Loss) 2,309 3,103 4,744
Net loss attributable to noncontrolling interests (99) (31) (10)
Consolidated Net Income 2,393 3,119 4,739
Wholesale revenues      
Operating Revenues:      
Total operating revenues 2,455 1,945 2,152
Other revenues      
Operating Revenues:      
Total operating revenues 708 681 755
Operating Expenses:      
Cost of sales 357 327 435
Fuel      
Operating Expenses:      
Cost of sales 4,010 2,967 3,622
Purchased power      
Operating Expenses:      
Cost of sales 978 799 816
Southern Power      
Operating Revenues:      
Total operating revenues 2,216 1,733 1,938
Operating Expenses:      
Other operations and maintenance 423 353 362
Depreciation and amortization 517 494 479
Taxes other than income taxes 45 39 40
Loss on sales-type leases 40 0 0
Gain on dispositions, net (41) (39) (23)
Total operating expenses 1,925 1,391 1,543
Operating Income 291 342 395
Other Income and (Expense):      
Interest expense, net of amounts capitalized (147) (151) (169)
Other income (expense), net 10 19 47
Total other income and (expense) (137) (132) (122)
Earnings Before Income Taxes 154 210 273
Income taxes (benefit) (13) 3 (56)
Net Income (Loss) 167 207 329
Net loss attributable to noncontrolling interests (99) (31) (10)
Consolidated Net Income 266 238 339
Southern Power | Wholesale revenues      
Operating Revenues:      
Total operating revenues 1,671 1,355 1,528
Southern Power | Other revenues      
Operating Revenues:      
Total operating revenues 30 14 12
Southern Power | Fuel      
Operating Expenses:      
Cost of sales 802 470 577
Southern Power | Purchased power      
Operating Expenses:      
Cost of sales $ 139 $ 74 $ 108