XML 83 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - SPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Consolidated net income $ 3,428 $ 2,309 $ 3,103
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 4,064 3,973 3,905
Deferred income taxes 670 (49) (241)
Utilization of federal investment tax credits 88 288 341
Amortization of investment tax credits (83) (84) (84)
Gain on dispositions, net (42) (176) (66)
Other, net 17 87 (75)
Changes in certain current assets and liabilities —      
-Receivables (769) (81) (222)
-Other current assets (288) (270) (132)
-Other current liabilities 153 (204) 173
Net cash provided from operating activities 6,302 6,169 6,696
Investing Activities:      
Property additions (7,923) (7,586) (7,522)
Proceeds from dispositions 275 917 1,049
Payments pursuant to LTSAs (190) (188) (211)
Other investing activities 70 (49) 21
Net cash used for investing activities (8,430) (7,353) (7,030)
Financing Activities:      
Increase (decrease) in notes payable, net   530  
Increase (decrease) in notes payable, net (337)   (1,096)
Redemptions and repurchases —      
Short-term borrowings (1,150) (25) (840)
Capital contributions from noncontrolling interests 73 501 363
Distributions to noncontrolling interests (259) (351) (271)
Payment of common stock dividends (2,907) (2,777) (2,685)
Other financing activities (218) (266) (325)
Net cash provided from (used for) financing activities 2,336 1,945 (576)
Net Change in Cash, Cash Equivalents, and Restricted Cash 208 761 (910)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 1,829 1,068 1,978
Cash, Cash Equivalents, and Restricted Cash at End of Year 2,037 1,829 1,068
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 1,758 1,718 1,683
Income taxes, net 146 93 64
Noncash transactions —      
Accrued property additions at year-end 1,024 866 989
Contributions from noncontrolling interests 15 89 12
Contributions of wind turbine equipment 0 82 17
Southern Power      
Operating Activities:      
Consolidated net income 247 167 207
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 543 542 519
Deferred income taxes 9 55 (25)
Utilization of federal investment tax credits 49 288 340
Amortization of investment tax credits (58) (58) (59)
Income taxes receivable, non-current 1 5 (20)
Gain on dispositions, net (2) (41) (39)
Loss on sales-type leases 1 40 0
Other, net 17 (6) (5)
Changes in certain current assets and liabilities —      
-Receivables (82) (44) (4)
-Prepaid income taxes 22 (16) 20
-Other current assets (11) (14) (30)
-Other current liabilities 79 33 (3)
Net cash provided from operating activities 815 951 901
Investing Activities:      
Acquisitions, net of cash acquired 0 (345) (81)
Property additions (100) (396) (223)
Change in construction payables (69) (15) 31
Proceeds from dispositions 48 24 666
Payments pursuant to LTSAs (71) (82) (76)
Other investing activities (2) 11 57
Net cash used for investing activities (194) (803) 374
Financing Activities:      
Increase (decrease) in notes payable, net 10 36  
Increase (decrease) in notes payable, net     (274)
Proceeds —      
Senior notes 0 400 0
Redemptions and repurchases —      
Senior notes (677) (300) (825)
Short-term borrowings 0 0 (100)
Capital contributions from parent company 430 8 6
Return of capital to parent company 0 (271) 0
Capital contributions from noncontrolling interests 73 501 363
Distributions to noncontrolling interests (259) (351) (271)
Purchase of membership interests from noncontrolling interests 0 0 (60)
Payment of common stock dividends (198) (204) (201)
Other financing activities (2) (14) (10)
Net cash provided from (used for) financing activities (623) (195) (1,372)
Net Change in Cash, Cash Equivalents, and Restricted Cash (2) (47) (97)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 135 182 279
Cash, Cash Equivalents, and Restricted Cash at End of Year 133 135 182
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 142 140 147
Income taxes, net (15) (275) (283)
Noncash transactions —      
Accrued property additions at year-end 24 72 89
Contributions from noncontrolling interests 15 89 12
Contributions of wind turbine equipment $ 0 $ 82 $ 17