XML 72 R44.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - GAS - 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)
Other, net (100) (26)
Changes in certain current assets and liabilities —    
Receivables (233) 524
Natural gas cost under recovery 0 108
Other current assets (181) (32)
Accounts payable (161) (1,031)
Other current liabilities (27) 66
Net cash provided from operating activities 7,615 5,740
Investing Activities:    
Property additions (6,206) (6,561)
Cost of removal, net of salvage (444) (421)
Change in construction payables, net (119) 241
Other investing activities (279) (139)
Net cash used for investing activities (6,678) (6,721)
Financing Activities:    
Decrease in notes payable, net (1,264) (298)
Proceeds —    
Redemptions — 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
SOUTHERN Co GAS    
Operating Activities:    
Net income 555 475
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 466 429
Deferred income taxes 206 75
Other, net 7 (15)
Changes in certain current assets and liabilities —    
Receivables 386 776
Natural gas for sale, net of temporary LIFO liquidation 3 31
Natural gas cost under recovery 0 108
Other current assets (57) (20)
Accounts payable (105) (346)
Natural gas cost over recovery 12 165
Other current liabilities (66) (34)
Net cash provided from operating activities 1,407 1,644
Investing Activities:    
Property additions (1,064) (1,151)
Cost of removal, net of salvage (63) (82)
Change in construction payables, net (13) (38)
Other investing activities (56) 45
Net cash used for investing activities (1,196) (1,226)
Financing Activities:    
Decrease in notes payable, net (352) (493)
Proceeds —    
Senior notes 450 500
First mortgage bonds 156 125
Other long-term debt 9 29
Redemptions — Short-term borrowings 0 (200)
Capital contributions from parent company 0 377
Payment of common stock dividends (454) (439)
Other financing activities (10) (1)
Net cash provided from (used for) financing activities (201) (102)
Net Change in Cash, Cash Equivalents, and Restricted Cash 10 316
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 35 83
Cash, Cash Equivalents, and Restricted Cash at End of Period 45 399
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 258 214
Income taxes, net (54) 70
Noncash transactions —    
Accrued property additions at end of period 126 139
Right-of-use assets obtained under operating leases $ 1 $ 3