XML 96 R68.htm IDEA: XBRL DOCUMENT v3.23.2
Segment and Related Information (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Financial Data for Business Segments
Financial data for business segments and products and services for the three and six months ended June 30, 2023 and 2022 was as follows:
Electric Utilities
Traditional
Electric Operating
Companies		Southern
Power		EliminationsTotalSouthern Company GasAll
Other		EliminationsConsolidated
(in millions)
Three Months Ended June 30, 2023
Operating revenues$4,359 $525 $(120)$4,764 $852 $180 $(48)$5,748 
Segment net income (loss)(a)(b)
823 85 — 908 85 (157)2 838 
Six Months Ended June 30, 2023
Operating revenues$8,472 $1,033 $(258)$9,247 $2,728 $346 $(93)$12,228 
Segment net income (loss)(a)(b)(c)
1,433 187 — 1,620 393 (311)(2)1,700 
At June 30, 2023
Goodwill$— $2 $— $2 $5,015 $144 $— $5,161 
Total assets97,751 13,046 (589)110,208 24,331 3,523 (946)137,116 
Three Months Ended June 30, 2022
Operating revenues$5,563 $899 $(456)$6,006 $1,083 $159 $(42)$7,206 
Segment net income (loss)(a)(d)
1,036 98 — 1,134 115 (137)(5)1,107 
Six Months Ended June 30, 2022
Operating revenues$9,778 $1,438 $(700)$10,516 $3,140 $283 $(85)$13,854 
Segment net income (loss)(a)(d)
1,811 170 — 1,981 433 (263)(12)2,139 
At December 31, 2022
Goodwill$— $2 $— $2 $5,015 $144 $— $5,161 
Total assets95,861 13,081 (659)108,283 24,621 2,665 (678)134,891 
(a)Attributable to Southern Company.
(b)For Southern Company Gas, includes a pre-tax charge of approximately $38 million ($28 million after tax) associated with the disallowance of certain capital expenditures at Nicor Gas. See Note (B) under "Southern Company Gas" for additional information.
(c)For Southern Power, includes a $16 million pre-tax gain ($12 million after tax) on the sale of spare parts.
(d)For the traditional electric operating companies, includes pre-tax charges of $52 million ($39 million after tax) at Georgia Power for the estimated probable loss associated with the construction of Plant Vogtle Units 3 and 4. See Note (B) and Note 2 to the financial statements in Item 8 of the Form 10-K under "Georgia Power – Nuclear Construction" for additional information.
Business segment financial data for the three months ended June 30, 2023 and 2022 was as follows:
Gas Distribution OperationsGas
Pipeline Investments		Gas Marketing ServicesTotalAll OtherEliminationsConsolidated
(in millions)
Three Months Ended June 30, 2023
Operating revenues$764 $8 $75 $847 $9 $(4)$852 
Segment net income (loss)(*)
60 19 7 86 (1)— 85 
Six Months Ended June 30, 2023
Operating revenues$2,383 $16 $320 $2,719 $22 $(13)$2,728 
Segment net income(*)
281 50 56 387 6 — 393 
Total assets at June 30, 2023
22,366 1,552 1,542 25,460 9,606 (10,735)24,331 
Three Months Ended June 30, 2022
Operating revenues$980 $8 $92 $1,080 $10 $(7)$1,083 
Segment net income (loss)92 23 1 116 (1)— 115 
Six Months Ended June 30, 2022
Operating revenues$2,782 $16 $335 $3,133 $26 $(19)$3,140 
Segment net income306 52 67 425 8 — 433 
Total assets at December 31, 2022
22,040 1,577 1,616 25,233 8,943 (9,555)24,621 
(*)For gas distribution operations, includes a pre-tax charge of approximately $38 million ($28 million after tax) associated with the disallowance of certain capital expenditures at Nicor Gas. See Note (B) under "Southern Company Gas" for additional information.
Schedule of Financial Data for Products and Services
 Electric Utilities' Revenues
RetailWholesaleOtherTotal
(in millions)
Three Months Ended June 30, 2023$3,859 $605 $300 $4,764 
Three Months Ended June 30, 20224,789 937 280 6,006 
Six Months Ended June 30, 2023$7,458 $1,203 $586 $9,247 
Six Months Ended June 30, 20228,402 1,601 513 10,516 
 Southern Company Gas' Revenues
Gas
Distribution
Operations		Gas
Marketing
Services		OtherTotal
(in millions)
Three Months Ended June 30, 2023$761 $75 $16 $852 
Three Months Ended June 30, 2022975 92 16 1,083 
Six Months Ended June 30, 2023$2,372 $320 $36 $2,728 
Six Months Ended June 30, 20222,765 335 40 3,140