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Condensed Statements of Income (Unaudited) - APC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Total operating revenues $ 6,463 $ 5,748 $ 13,109 $ 12,228
Operating Expenses:        
Other operations and maintenance 1,409 1,489 2,881 2,929
Depreciation and amortization 1,182 1,112 2,327 2,222
Taxes other than income taxes 384 340 780 734
Total operating expenses 4,524 4,458 9,467 9,719
Operating Income 1,939 1,290 3,642 2,509
Other Income and (Expense):        
Allowance for equity funds used during construction 51 70 109 135
Interest expense, net of amounts capitalized (694) (610) (1,358) (1,192)
Total other income (expense), net 151 142 302 286
Total other income and (expense) (461) (369) (870) (693)
Earnings Before Income Taxes 1,478 921 2,772 1,816
Income taxes (benefit) 290 98 513 194
Consolidated Net Income 1,188 823 2,259 1,622
Retail revenues        
Operating Revenues:        
Total operating revenues 4,486 3,859 8,427 7,458
Other revenues        
Operating Revenues:        
Total operating revenues 309 223 537 440
Operating Expenses:        
Total cost of sales 167 128 298 255
Fuel        
Operating Expenses:        
Total cost of sales 1,032 959 2,028 2,009
Purchased power        
Operating Expenses:        
Total cost of sales 222 231 420 473
Alabama Power        
Operating Revenues:        
Total operating revenues 1,873 1,689 3,664 3,336
Operating Expenses:        
Other operations and maintenance 429 440 840 862
Depreciation and amortization 364 349 725 694
Taxes other than income taxes 118 107 238 223
Total operating expenses 1,337 1,307 2,655 2,658
Operating Income 536 382 1,009 678
Other Income and (Expense):        
Allowance for equity funds used during construction 12 21 26 42
Interest expense, net of amounts capitalized (114) (105) (224) (208)
Total other income (expense), net 37 39 78 79
Total other income and (expense) (65) (45) (120) (87)
Earnings Before Income Taxes 471 337 889 591
Income taxes (benefit) 102 25 187 23
Consolidated Net Income 369 312 702 568
Alabama Power | Retail revenues        
Operating Revenues:        
Total operating revenues 1,647 1,467 3,213 2,848
Alabama Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 84 112 169 252
Alabama Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 27 10 68 29
Alabama Power | Other revenues        
Operating Revenues:        
Total operating revenues 115 100 214 207
Alabama Power | Fuel        
Operating Expenses:        
Total cost of sales 335 303 666 611
Alabama Power | Purchased power        
Operating Expenses:        
Total cost of sales 47 54 99 155
Alabama Power | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales $ 44 $ 54 $ 87 $ 113