XML 50 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Statements of Cash Flows (Unaudited) - GPC - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:    
Net income $ 3,794 $ 3,053
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 3,916 3,699
Deferred income taxes 520 (52)
Allowance for equity funds used during construction (167) (200)
Pension, postretirement, and other employee benefits (391) (397)
Settlement of asset retirement obligations (405) (444)
Retail fuel cost under recovery – long-term 0 (157)
Estimated loss on Plant Vogtle Units 3 and 4 (21) 160
Other, net (100) (26)
Changes in certain current assets and liabilities —    
Receivables (233) 524
Retail fuel cost under recovery 843 513
Fossil fuel stock 143 (254)
Materials and supplies (195) (271)
Other current assets (181) (32)
Accounts payable (161) (1,031)
Accrued taxes 179 376
Customer refunds (28) (177)
Other current liabilities (27) 66
Net cash provided from operating activities 7,615 5,740
Investing Activities:    
Property additions (6,206) (6,561)
Nuclear decommissioning trust fund purchases (1,070) (885)
Nuclear decommissioning trust fund sales 1,070 879
Cost of removal, net of salvage (444) (421)
Proceeds from dispositions 370 165
Other investing activities (279) (139)
Net cash used for investing activities (6,678) (6,721)
Financing Activities:    
Increase (decrease) in notes payable, net (1,264) (298)
Proceeds —    
Short-term borrowings 700 250
Redemptions and repurchases —    
Short-term borrowings (1,020) (850)
Payment of common stock dividends (2,220) (2,271)
Other financing activities (157) (120)
Net cash provided from (used for) financing activities (803) 834
Net Change in Cash, Cash Equivalents, and Restricted Cash 134 (147)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 921 2,037
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,055 1,890
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 2,015 1,694
Income taxes, net 131 11
Noncash transactions —    
Accrued property additions at end of period 937 1,224
Right-of-use assets obtained under operating leases 126 76
Right-of-use assets obtained under finance leases 1 3
GEORGIA POWER CO    
Operating Activities:    
Net income 2,249 1,547
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 1,566 1,411
Deferred income taxes 396 102
Allowance for equity funds used during construction (108) (121)
Pension, postretirement, and other employee benefits (197) (207)
Settlement of asset retirement obligations (191) (228)
Retail fuel cost under recovery – long-term 0 (157)
Estimated loss on Plant Vogtle Units 3 and 4 (21) 160
Other, net (141) 12
Changes in certain current assets and liabilities —    
Receivables (499) (311)
Retail fuel cost under recovery 590 204
Fossil fuel stock 110 (138)
Materials and supplies (83) (135)
Other current assets (163) (41)
Accounts payable 113 (142)
Accrued taxes 24 118
Customer refunds (5) (121)
Other current liabilities 41 16
Net cash provided from operating activities 3,681 1,969
Investing Activities:    
Property additions (3,403) (3,501)
Nuclear decommissioning trust fund purchases (623) (659)
Nuclear decommissioning trust fund sales 622 654
Cost of removal, net of salvage (225) (191)
Change in construction payables, net of joint owner portion (92) 338
Proceeds from dispositions 356 59
Other investing activities (122) (76)
Net cash used for investing activities (3,487) (3,376)
Financing Activities:    
Increase (decrease) in notes payable, net (776)  
Increase (decrease) in notes payable, net   50
Proceeds —    
Proceeds — Senior notes 1,400 1,750
Short-term borrowings 350 250
Revenue bonds 0 229
Redemptions and repurchases —    
Senior notes (400) (800)
Short-term borrowings (670) (650)
FFB loan (64) (64)
Capital contributions from parent company 1,560 1,837
Payment of common stock dividends (1,538) (1,392)
Other financing activities (67) (27)
Net cash provided from (used for) financing activities (205) 1,183
Net Change in Cash, Cash Equivalents, and Restricted Cash (11) (224)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 75 480
Cash, Cash Equivalents, and Restricted Cash at End of Period 64 256
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 530 439
Income taxes, net 80 74
Noncash transactions —    
Accrued property additions at end of period 590 942
Right-of-use assets obtained under operating leases 121 17
Right-of-use assets obtained under finance leases $ 44 $ 18