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Condensed Consolidated Statements of Income (Unaudited) - Southern - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 7,206 $ 5,198 $ 13,854 $ 11,108
Operating Expenses:        
Other operations and maintenance 1,558 1,438 3,075 2,810
Depreciation and amortization 913 891 1,805 1,762
Taxes other than income taxes 349 313 721 657
Estimated loss on Plant Vogtle Units 3 and 4 52 460 52 508
Gain on dispositions, net (10) (11) (33) (54)
Total operating expenses 5,551 4,490 10,815 8,802
Operating Income 1,655 708 3,039 2,306
Other Income and (Expense):        
Allowance for equity funds used during construction 53 45 104 90
Earnings (loss) from equity method investments 34 (40) 80 5
Interest expense, net of amounts capitalized (488) (450) (950) (901)
Other income (expense), net 139 101 283 160
Total other income and (expense) (262) (344) (483) (646)
Earnings (Loss) Before Income Taxes 1,393 364 2,556 1,660
Income taxes (benefit) 304 (12) 477 178
Consolidated Net Income 1,089 376 2,079 1,482
Dividends on preferred stock of subsidiaries 4 4 7 7
Net loss attributable to noncontrolling interests (22) 0 (67) (33)
Net Income $ 1,107 $ 372 $ 2,139 $ 1,508
Earnings per share -        
Basic (in dollars per share) $ 1.04 $ 0.35 $ 2.01 $ 1.42
Diluted (in dollars per share) $ 1.03 $ 0.35 $ 2.00 $ 1.41
Average number of shares of common stock outstanding — (in millions)        
Basic (in shares) 1,065 1,061 1,064 1,060
Diluted (in shares) 1,072 1,067 1,070 1,066
Retail electric revenues        
Operating Revenues:        
Total operating revenues $ 4,789 $ 3,599 $ 8,402 $ 6,941
Wholesale Electric        
Operating Revenues:        
Total operating revenues 937 546 1,601 1,091
Other electric revenues        
Operating Revenues:        
Total operating revenues 192 175 370 346
Natural Gas        
Operating Revenues:        
Total operating revenues 1,083 677 3,140 2,371
Natural gas        
Operating Expenses:        
Less Gross Gas Costs 452 231 1,546 814
Alternative revenue programs        
Operating Revenues:        
Total operating revenues 2 2 1 4
Other revenues        
Operating Revenues:        
Total operating revenues 205 201 341 359
Operating Expenses:        
Less Gross Gas Costs 114 103 183 185
Fuel        
Operating Expenses:        
Less Gross Gas Costs 1,715 848 2,826 1,696
Purchased power        
Operating Expenses:        
Less Gross Gas Costs $ 408 $ 217 $ 640 $ 424