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Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - 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
Utilization of federal tax credit carryforward 87 195
Other, net (100) (26)
Changes in certain current assets and liabilities —    
Receivables (233) 524
Other current assets (181) (32)
Accounts payable (161) (1,031)
Accrued taxes 179 376
Accrued compensation (90) (197)
Other current liabilities (27) 66
Net cash provided from operating activities 7,615 5,740
Investing Activities:    
Property additions (6,206) (6,561)
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)
Distributions to noncontrolling interests (108) (148)
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
Reassessment of right-of-use assets under operating leases (7) 0
SOUTHERN POWER CO    
Operating Activities:    
Net income 191 220
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 388 395
Utilization of federal tax credit carryforward 63 179
Amortization of ITCs (44) (44)
Gain on dispositions, net 0 (20)
Other, net 18 5
Changes in certain current assets and liabilities —    
Receivables (24) 100
Prepaid income taxes 0 31
Other current assets (9) (14)
Accounts payable (19) (70)
Accrued taxes 56 9
Accrued compensation (4) (7)
Other current liabilities (9) 15
Net cash provided from operating activities 607 799
Investing Activities:    
Acquisitions, net of cash acquired 0 (181)
Property additions (179) (40)
Proceeds from dispositions 0 59
Change in construction payables 1 (18)
Payments pursuant to LTSAs (34) (49)
Other investing activities 13 5
Net cash used for investing activities (199) (224)
Financing Activities:    
Increase (decrease) in notes payable, net (68)  
Increase (decrease) in notes payable, net   136
Redemptions — Senior notes 0 (290)
Capital contributions from parent company 8 16
Capital contributions from noncontrolling interests 11 21
Distributions to noncontrolling interests (108) (148)
Payment of common stock dividends (196) (189)
Other financing activities (4) 3
Net cash provided from (used for) financing activities (357) (451)
Net Change in Cash, Cash Equivalents, and Restricted Cash 51 124
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 144 133
Cash, Cash Equivalents, and Restricted Cash at End of Period 195 257
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 88 103
Income taxes, net (30) (124)
Noncash transactions —    
Accrued property additions at end of period 52 23
Right-of-use assets obtained under operating leases 10 7
Reassessment of right-of-use assets under operating leases $ (7) $ 0