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Condensed Statements of Income (Unaudited) - APC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues:        
Total operating revenues $ 5,748 $ 7,206 $ 12,228 $ 13,854
Operating Expenses:        
Other operations and maintenance 1,489 1,548 2,929 3,042
Depreciation and amortization 1,112 913 2,222 1,805
Taxes other than income taxes 340 349 734 721
Total operating expenses 4,458 5,551 9,719 10,815
Operating Income 1,290 1,655 2,509 3,039
Other Income and (Expense):        
Allowance for equity funds used during construction 70 53 135 104
Interest expense, net of amounts capitalized (610) (488) (1,192) (950)
Total other income (expense), net 142 139 286 283
Total other income and (expense) (369) (262) (693) (483)
Earnings Before Income Taxes 921 1,393 1,816 2,556
Income taxes (benefit) 98 304 194 477
Net income 823 1,089 1,622 2,079
Dividends on preferred stock of subsidiaries 0 4 0 7
Net Income 838 1,107 1,700 2,139
Retail electric revenues        
Operating Revenues:        
Total operating revenues 3,859 4,789 7,458 8,402
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 605 937 1,203 1,601
Other electric revenues        
Operating Revenues:        
Total operating revenues 209 192 399 370
Natural Gas        
Operating Revenues:        
Total operating revenues 852 1,083 2,728 3,140
Other revenues        
Operating Revenues:        
Total operating revenues 223 205 440 341
Operating Expenses:        
Total cost of sales 128 114 255 183
Fuel        
Operating Expenses:        
Total cost of sales 959 1,715 2,009 2,826
Purchased power        
Operating Expenses:        
Total cost of sales 231 408 473 640
Alabama Power        
Operating Revenues:        
Total operating revenues 1,689 1,931 3,336 3,580
Operating Expenses:        
Other operations and maintenance 440 441 862 852
Depreciation and amortization 349 218 694 432
Taxes other than income taxes 107 100 223 204
Total operating expenses 1,307 1,376 2,658 2,530
Operating Income 382 555 678 1,050
Other Income and (Expense):        
Allowance for equity funds used during construction 21 17 42 33
Interest expense, net of amounts capitalized (105) (91) (208) (180)
Total other income (expense), net 39 27 79 61
Total other income and (expense) (45) (47) (87) (86)
Earnings Before Income Taxes 337 508 591 964
Income taxes (benefit) 25 121 23 227
Net income 312 387 568 737
Dividends on preferred stock of subsidiaries 0 4 0 7
Net Income 312 383 568 730
Alabama Power | Retail electric revenues        
Operating Revenues:        
Total operating revenues 1,467 1,629 2,848 3,008
Alabama Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 112 159 252 272
Alabama Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 10 34 29 100
Alabama Power | Other revenues        
Operating Revenues:        
Total operating revenues 100 109 207 200
Alabama Power | Fuel        
Operating Expenses:        
Total cost of sales 303 401 611 733
Alabama Power | Purchased power        
Operating Expenses:        
Total cost of sales 54 95 155 162
Alabama Power | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales $ 54 $ 121 $ 113 $ 147