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Condensed Statements of Income (Unaudited) - APC - USD ($)
$ 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
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
Interest expense, net of amounts capitalized (511) (451) (1,461) (1,352)
Total 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
Net income 1,487 1,110 3,566 2,592
Dividends on preferred stock of subsidiaries 3 4 10 11
Net Income 1,472 1,101 3,611 2,608
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
Other revenues        
Operating Revenues:        
Total operating revenues 178 154 519 513
Operating Expenses:        
Total cost of sales 92 71 275 255
Fuel        
Operating Expenses:        
Total cost of sales 2,423 1,234 5,249 2,930
Purchased power        
Operating Expenses:        
Total cost of sales 645 288 1,285 712
Alabama Power        
Operating Revenues:        
Total operating revenues 2,444 1,904 6,023 5,019
Operating Expenses:        
Other operations and maintenance 418 401 1,270 1,175
Depreciation and amortization 220 214 652 640
Taxes other than income taxes 106 99 309 303
Total operating expenses 1,708 1,208 4,237 3,332
Operating Income 736 696 1,786 1,687
Other Income and (Expense):        
Allowance for equity funds used during construction 18 14 51 38
Interest expense, net of amounts capitalized (98) (84) (278) (252)
Total other income (expense), net 38 29 101 93
Total other income and (expense) (42) (41) (126) (121)
Earnings Before Income Taxes 694 655 1,660 1,566
Income taxes (benefit) 166 152 394 366
Net income 528 503 1,266 1,200
Dividends on preferred stock of subsidiaries 3 4 10 11
Net Income 525 499 1,256 1,189
Alabama Power | Retail electric revenues        
Operating Revenues:        
Total operating revenues 2,008 1,651 5,015 4,357
Alabama Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 250 107 522 285
Alabama Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 70 53 170 109
Alabama Power | Other revenues        
Operating Revenues:        
Total operating revenues 116 93 316 268
Alabama Power | Fuel        
Operating Expenses:        
Total cost of sales 666 373 1,399 927
Alabama Power | Purchased power        
Operating Expenses:        
Total cost of sales 185 76 347 173
Alabama Power | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales $ 113 $ 45 $ 260 $ 114