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Condensed Consolidated Statements of Income (Unaudited) - Southern - USD ($)
shares in Millions, $ 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
Estimated loss on Plant Vogtle Units 3 and 4 0 52 0 52
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
Earnings from equity method investments 29 34 78 80
Interest expense, net of amounts capitalized (610) (488) (1,192) (950)
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 loss attributable to noncontrolling interests (15) (22) (78) (67)
Net Income $ 838 $ 1,107 $ 1,700 $ 2,139
Earnings per share -        
Basic (in dollars per share) $ 0.77 $ 1.04 $ 1.56 $ 2.01
Diluted (in dollars per share) $ 0.76 $ 1.03 $ 1.55 $ 2.00
Average number of shares of common stock outstanding — (in millions)        
Basic (in shares) 1,092 1,065 1,092 1,064
Diluted (in shares) 1,098 1,072 1,098 1,070
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
Natural gas        
Operating Expenses:        
Total cost of sales 199 452 1,097 1,546
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