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Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income (loss) $ 3,566 $ 2,592
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 3,084 2,944
Deferred income taxes 608 89
Utilization of federal investment tax credits 266 256
Gain on dispositions, net (41) (171)
Other, net (45) 156
Changes in certain current assets and liabilities —    
Receivables (327) 2
Other current assets (343) (180)
Accounts payable 805 (45)
Accrued taxes 167 288
Other current liabilities (32) (226)
Net cash provided from operating activities 5,017 5,081
Investing Activities:    
Business acquisitions, net of cash acquired 0 (345)
Property additions (5,502) (5,222)
Payments pursuant to LTSAs (121) (145)
Other investing activities 73 (12)
Net cash used for investing activities (5,952) (5,850)
Financing Activities:    
Decrease in notes payable, net (349) (203)
Capital contributions from noncontrolling interests 73 415
Distributions to noncontrolling interests (175) (204)
Payment of common stock dividends (2,166) (2,077)
Other financing activities (235) (224)
Net cash provided from financing activities 1,119 1,802
Net Change in Cash, Cash Equivalents, and Restricted Cash 184 1,033
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 1,829 1,068
Cash, Cash Equivalents, and Restricted Cash at End of Period 2,013 2,101
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 1,425 1,417
Income taxes, net 160 92
Noncash transactions —    
Contributions from noncontrolling interests 0 89
Contributions of wind turbine equipment 0 82
Accrued property additions at year-end 872 915
Reassessment of right-of-use assets under operating leases 40 0
SOUTHERN POWER CO    
Operating Activities:    
Net income (loss) 210 184
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 404 402
Deferred income taxes 21 (16)
Utilization of federal investment tax credits 218 237
Amortization of investment tax credits (44) (44)
Gain on dispositions, net (2) (39)
Other, net 1 14
Changes in certain current assets and liabilities —    
Receivables (124) (117)
Prepaid income taxes 22 63
Other current assets (15) (5)
Accounts payable 95 55
Accrued taxes 55 15
Other current liabilities (14) 1
Net cash provided from operating activities 827 750
Investing Activities:    
Business acquisitions, net of cash acquired 0 (345)
Property additions (64) (355)
Proceeds from dispositions 48 22
Change in construction payables (60) (22)
Payments pursuant to LTSAs (52) (61)
Other investing activities 0 8
Net cash used for investing activities (128) (753)
Financing Activities:    
Decrease in notes payable, net (5) (148)
Proceeds — Senior notes 0 400
Redemptions — Senior notes (677) 0
Capital contributions from parent company 330 4
Return of capital to parent company 0 (271)
Capital contributions from noncontrolling interests 73 415
Distributions to noncontrolling interests (175) (204)
Payment of common stock dividends (148) (153)
Other financing activities (1) (10)
Net cash provided from financing activities (603) 33
Net Change in Cash, Cash Equivalents, and Restricted Cash 96 30
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 135 183
Cash, Cash Equivalents, and Restricted Cash at End of Period 231 213
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 120 118
Income taxes, net (202) (235)
Noncash transactions —    
Contributions from noncontrolling interests 0 89
Contributions of wind turbine equipment 0 82
Accrued property additions at year-end 30 53
Right-of-use assets obtained under operating leases 0 66
Reassessment of right-of-use assets under operating leases $ 40 $ 0