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Condensed Statements of Cash Flows (Unaudited) - MPC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income $ 1,071 $ 799
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 1,261 1,233
Pension, postretirement, and other employee benefits (129) (126)
Settlement of asset retirement obligations (132) (113)
Other, net 76 51
Changes in certain current assets and liabilities —    
Receivables 52 790
Retail fuel cost under recovery 257 (470)
Other current assets (27) 34
Accounts payable (423) (1,056)
Accrued taxes (226) (237)
Accrued compensation (488) (478)
Other current liabilities 103 75
Net cash provided from operating activities 1,311 844
Investing Activities:    
Property additions (1,770) (1,850)
Cost of removal, net of salvage (138) (135)
Construction payables (365) (140)
Other investing activities (111) (91)
Net cash used for investing activities (2,385) (2,118)
Financing Activities:    
Increase (decrease) in notes payable, net 236 187
Payment of common stock dividends (733) (742)
Other financing activities (124) (83)
Net cash provided from financing activities 985 454
Net Change in Cash, Cash Equivalents, and Restricted Cash (89) (820)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 921 2,037
Cash, Cash Equivalents, and Restricted Cash at End of Period 832 1,217
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 714 652
Noncash transactions —    
Accrued property additions at end of period 580 833
Right-of-use assets obtained under operating leases 14 26
Mississippi Power    
Operating Activities:    
Net income 50 58
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 50 58
Pension, postretirement, and other employee benefits (4) (5)
Settlement of asset retirement obligations (4) (3)
Other, net 4 0
Changes in certain current assets and liabilities —    
Receivables 21 73
Retail fuel cost under recovery 3 (23)
Other current assets (13) (1)
Accounts payable (34) (74)
Accrued taxes (59) (62)
Accrued compensation (21) (17)
Other current liabilities 0 (7)
Net cash provided from operating activities (7) (3)
Investing Activities:    
Property additions (79) (94)
Cost of removal, net of salvage (12) (6)
Construction payables (7) (9)
Payments pursuant to LTSAs (5) (8)
Other investing activities (1) 0
Net cash used for investing activities (104) (117)
Financing Activities:    
Increase (decrease) in notes payable, net 8 126
Proceeds — Senior notes 150 0
Payment of common stock dividends (47) (46)
Other financing activities 0 (1)
Net cash provided from financing activities 111 79
Net Change in Cash, Cash Equivalents, and Restricted Cash 0 (41)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 38 59
Cash, Cash Equivalents, and Restricted Cash at End of Period 38 18
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 29 25
Noncash transactions —    
Accrued property additions at end of period 27 13
Right-of-use assets obtained under operating leases $ 0 $ 1