XML 85 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - SPC - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,917 $ 1,798
Receivables —    
Customer accounts 2,138 1,806
Other accounts and notes 637 523
Materials and supplies 1,664 1,543
Other current assets 344 231
Total current assets 10,416 8,965
Property, Plant, and Equipment:    
In service 117,529 115,592
Less: Accumulated depreciation 35,297 34,079
Plant in service, net of depreciation 82,232 81,513
Construction work in progress 10,896 8,771
Total property, plant, and equipment 94,570 91,108
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,443 1,282
Total other property and investments 9,757 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,531 1,701
Other deferred charges and assets 1,485 1,366
Total deferred charges and other assets 20,148 17,259
Total Assets 134,891 127,534
Current Liabilities:    
Securities due within one year 4,285 2,157
Notes payable 2,609 1,440
Accounts payable —    
Accrued interest 614 533
Other current liabilities 965 872
Total current liabilities 15,724 10,921
Long-Term Debt 50,656 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,036 8,862
Accumulated deferred ITCs 2,133 2,216
Operating lease obligations, deferred 1,388 1,503
Other deferred credits and liabilities 1,167 816
Total deferred credits and other liabilities 33,979 33,926
Total Liabilities 100,359 94,967
Common Stockholders' Equity:    
Common stock 5,417 5,279
Paid-in capital 13,673 11,950
Retained earnings (accumulated deficit) 11,538 10,929
Accumulated other comprehensive loss (167) (237)
Total common stockholders' equity 30,408 27,874
Noncontrolling Interests 4,124 4,402
Total Stockholders' Equity (See accompanying statements) 34,532 32,276
Total Liabilities and Stockholders' Equity 134,891 127,534
Commitments and Contingent Matters
Southern Power    
Current Assets:    
Cash and cash equivalents 131 107
Receivables —    
Customer accounts 226 139
Affiliated 51 51
Other accounts and notes 70 29
Materials and supplies 88 106
Prepaid income taxes 5 27
Other current assets 50 46
Total current assets 621 505
Property, Plant, and Equipment:    
In service 14,658 14,585
Less: Accumulated depreciation 3,661 3,241
Plant in service, net of depreciation 10,997 11,344
Construction work in progress 41 45
Total property, plant, and equipment 11,038 11,389
Other Property and Investments:    
Intangible assets, net of amortization of $129 and $109, respectively 263 282
Equity investments in unconsolidated subsidiaries 49 86
Net investment in sales-type leases 154 161
Total other property and investments 466 529
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 489 479
Prepaid LTSAs 193 210
Income taxes receivable, non-current 19 20
Other deferred charges and assets 255 258
Total deferred charges and other assets 956 967
Total Assets 13,081 13,390
Current Liabilities:    
Securities due within one year 290 679
Notes payable 225 211
Accounts payable —    
Affiliated 139 92
Other 67 85
Accrued taxes 24 14
Accrued interest 28 32
Other current liabilities 111 140
Total current liabilities 884 1,253
Long-Term Debt 2,689 3,009
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 279 215
Accumulated deferred ITCs 1,556 1,614
Operating lease obligations, deferred 514 497
Other deferred credits and liabilities 243 204
Total deferred credits and other liabilities 2,592 2,530
Total Liabilities 6,165 6,792
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,069 638
Retained earnings (accumulated deficit) 1,741 1,585
Accumulated other comprehensive loss (18) (27)
Total common stockholders' equity 2,792 2,196
Noncontrolling Interests 4,124 4,402
Total Stockholders' Equity (See accompanying statements) 6,916 6,598
Total Liabilities and Stockholders' Equity 13,081 13,390
Commitments and Contingent Matters