XML 61 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Consolidated net income $ 1,622 $ 2,079
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 2,436 1,995
Deferred income taxes (34) 240
Utilization of federal investment tax credits 110 281
Other, net (50) 34
Changes in certain current assets and liabilities —    
Receivables 735 (637)
Other current assets 103 (101)
Accounts payable (997) 703
Accrued compensation (378) (260)
Other current liabilities 101 (120)
Net cash provided from operating activities 2,900 3,579
Investing Activities:    
Property additions (3,898) (3,213)
Other investing activities (100) 18
Net cash used for investing activities (4,288) (3,460)
Financing Activities:    
Increase (decrease) in notes payable, net (375)  
Increase (decrease) in notes payable, net   263
Capital contributions from noncontrolling interests 21 73
Distributions to noncontrolling interests (87) (115)
Payment of common stock dividends (1,506) (1,425)
Other financing activities (121) (219)
Net cash provided from (used for) financing activities 1,595 (213)
Net Change in Cash, Cash Equivalents, and Restricted Cash 207 (94)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,037 1,829
Cash, Cash Equivalents, and Restricted Cash at End of Period 2,244 1,735
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 1,043 836
Income taxes, net (40) 157
Noncash transactions —    
Accrued property additions at end of period 810 837
Reassessment of right-of-use assets under operating leases 0 40
SOUTHERN POWER CO    
Operating Activities:    
Consolidated net income 109 103
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 260 264
Deferred income taxes (14) 14
Utilization of federal investment tax credits 99 239
Amortization of investment tax credits (29) (29)
Gain on dispositions, net (20) (2)
Other, net (19) (25)
Changes in certain current assets and liabilities —    
Receivables 77 (161)
Prepaid income taxes 9 22
Other current assets (13) (6)
Accounts payable (91) 114
Increase Decrease in Accrued Taxes 8 42
Accrued compensation (11) (8)
Other current liabilities (8) (15)
Net cash provided from operating activities 357 552
Investing Activities:    
Property additions (25) (34)
Proceeds from dispositions 59 48
Change in construction payables (20) (54)
Payments pursuant to LTSAs (31) (33)
Other investing activities (1) 0
Net cash used for investing activities (18) (73)
Financing Activities:    
Increase (decrease) in notes payable, net (124)  
Increase (decrease) in notes payable, net   94
Redemptions — Senior notes 0 (677)
Capital contributions from parent company 13 326
Capital contributions from noncontrolling interests 21 73
Distributions to noncontrolling interests (87) (115)
Payment of common stock dividends (126) (99)
Other financing activities 3 (5)
Net cash provided from (used for) financing activities (300) (403)
Net Change in Cash, Cash Equivalents, and Restricted Cash 39 76
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 133 135
Cash, Cash Equivalents, and Restricted Cash at End of Period 172 211
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 74 91
Income taxes, net (64) (263)
Noncash transactions —    
Accrued property additions at end of period 7 28
Reassessment of right-of-use assets under operating leases $ 0 $ 40