XML 48 R22.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Statements of Cash Flows (Unaudited) - GPC - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 2,259 $ 1,622
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 2,572 2,436
Deferred income taxes 243 (34)
Allowance for equity funds used during construction (109) (135)
Pension, postretirement, and other employee benefits (232) (245)
Settlement of asset retirement obligations (267) (276)
Retail fuel cost under recovery – long-term 0 108
Estimated loss on Plant Vogtle Units 3 and 4 (21) 0
Other, net (95) (24)
Changes in certain current assets and liabilities —    
Receivables (284) 758
Retail fuel cost under recovery 421 (67)
Fossil fuel stock 8 (308)
Materials and supplies (139) (202)
Other current assets (94) 40
Accounts payable (247) (997)
Accrued compensation (372) (378)
Customer refunds (26) (121)
Other current liabilities 185 101
Net cash provided from operating activities 3,999 2,900
Investing Activities:    
Property additions (3,895) (3,898)
Nuclear decommissioning trust fund purchases (739) (726)
Nuclear decommissioning trust fund sales 738 720
Cost of removal, net of salvage (282) (270)
Proceeds from dispositions 345 126
Other investing activities (172) (100)
Net cash used for investing activities (4,222) (4,288)
Financing Activities:    
Increase (decrease) in notes payable, net (1,125) (375)
Proceeds —    
Short-term borrowings 700 250
Redemptions and repurchases —    
Short-term borrowings (550) (850)
Payment of common stock dividends (1,487) (1,506)
Other financing activities (192) (187)
Net cash provided from financing activities 513 1,595
Net Change in Cash, Cash Equivalents, and Restricted Cash 290 207
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 921 2,037
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,211 2,244
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 1,235 1,043
Income taxes, net 62 (40)
Noncash transactions —    
Accrued property additions at end of period 805 810
Right-of-use assets obtained under operating leases 98 44
Right-of-use assets obtained under finance leases 0 1
GEORGIA POWER CO    
Operating Activities:    
Net income 1,199 767
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 1,020 919
Deferred income taxes 77 86
Allowance for equity funds used during construction (72) (83)
Pension, postretirement, and other employee benefits (118) (136)
Settlement of asset retirement obligations (130) (141)
Retail fuel cost under recovery – long-term 0 (128)
Estimated loss on Plant Vogtle Units 3 and 4 (21) 0
Other, net (131) (18)
Changes in certain current assets and liabilities —    
Receivables (431) (35)
Retail fuel cost under recovery 283 0
Fossil fuel stock 21 (166)
Materials and supplies (54) (103)
Other current assets 11 34
Accounts payable 29 (151)
Accrued taxes (46) (109)
Accrued compensation (54) (72)
Customer refunds (5) (121)
Other current liabilities 102 33
Net cash provided from operating activities 1,680 576
Investing Activities:    
Property additions (2,113) (2,047)
Nuclear decommissioning trust fund purchases (411) (576)
Nuclear decommissioning trust fund sales 411 570
Cost of removal, net of salvage (146) (127)
Change in construction payables, net of joint owner portion (192) (75)
Payments pursuant to LTSAs (63) (40)
Proceeds from dispositions 342 56
Other investing activities (27) (21)
Net cash used for investing activities (2,199) (2,260)
Financing Activities:    
Increase (decrease) in notes payable, net (689)  
Increase (decrease) in notes payable, net   95
Proceeds —    
Proceeds — Senior notes 1,400 1,750
Short-term borrowings 350 250
Revenue bonds 0 229
Redemptions and repurchases —    
Senior notes 0 (100)
Short-term borrowings (250) (650)
FFB loan (43) (43)
Capital contributions from parent company 862 782
Payment of common stock dividends (1,026) (928)
Other financing activities (53) (21)
Net cash provided from financing activities 551 1,364
Net Change in Cash, Cash Equivalents, and Restricted Cash 32 (320)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 75 480
Cash, Cash Equivalents, and Restricted Cash at End of Period 107 160
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 329 270
Income taxes, net (7) (5)
Noncash transactions —    
Accrued property additions at end of period 467 510
Right-of-use assets obtained under operating leases 112 8
Right-of-use assets obtained under finance leases $ 44 $ 0