XML 60 R34.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Income (Unaudited) - SPC - 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
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):        
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
Net income (loss) attributable to noncontrolling interests 12 5 (55) (27)
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
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 1,180 679 2,618 1,610
Operating Expenses:        
Other operations and maintenance 113 94 331 308
Depreciation and amortization 133 132 384 383
Taxes other than income taxes 13 12 38 35
Loss on sales-type leases 0 15 1 15
Gain on dispositions, net 0 0 (2) (39)
Total operating expenses 1,008 553 2,259 1,328
Operating Income 172 126 359 282
Other Income and (Expense):        
Interest expense, net of amounts capitalized (32) (36) (105) (111)
Other income (expense), net 3 2 5 10
Total other income and (expense) (29) (34) (100) (101)
Earnings Before Income Taxes 143 92 259 181
Income taxes (benefit) 36 9 49 (3)
Consolidated Net Income 107 83 210 184
Net income (loss) attributable to noncontrolling interests 12 5 (55) (27)
Net Income 95 78 265 211
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 835 503 1,918 1,231
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 336 167 673 361
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 9 9 27 18
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 605 259 1,274 540
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 144 $ 41 $ 233 $ 86