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Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net income $ 3,830 $ 3,794
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 4,425 3,916
Deferred income taxes 355 607
Other, net (22) (121)
Changes in certain current assets and liabilities —    
Receivables 200 (233)
Other current assets (187) (181)
Accounts payable (747) (161)
Accrued taxes 432 179
Other current liabilities (267) (43)
Net cash provided from operating activities 7,205 7,615
Investing Activities:    
Property additions (8,452) (6,206)
Other investing activities (103) (279)
Net cash used for investing activities (9,599) (6,678)
Financing Activities:    
Increase (decrease) in notes payable, net (993) (1,264)
Distributions to noncontrolling interests (118) (108)
Payment of common stock dividends (2,254) (2,220)
Other financing activities (176) (157)
Net cash provided from (used for) financing activities 4,635 (803)
Net Change in Cash, Cash Equivalents, and Restricted Cash 2,241 134
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 1,101 921
Cash, Cash Equivalents, and Restricted Cash at End of Period 3,342 1,055
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 2,173 2,015
Income taxes, net (excludes credit transfers) 231 131
Noncash transactions —    
Accrued property additions at end of period 1,177 937
Right-of-use assets obtained under operating leases 131 126
Reassessment of right-of-use assets under operating leases 0 (7)
SOUTHERN POWER CO    
Operating Activities:    
Net income 46 191
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 593 388
Deferred income taxes (122) 68
Amortization of ITCs (44) (44)
Other, net 16 13
Changes in certain current assets and liabilities —    
Receivables 19 (24)
Other current assets 3 (9)
Accounts payable (25) (19)
Accrued taxes 52 56
Other current liabilities (17) (13)
Net cash provided from operating activities 521 607
Investing Activities:    
Property additions (620) (179)
Change in construction payables 78 1
Payments pursuant to LTSAs (42) (34)
Other investing activities 0 13
Net cash used for investing activities (584) (199)
Financing Activities:    
Increase (decrease) in notes payable, net 2  
Increase (decrease) in notes payable, net   (68)
Proceeds — Senior notes 1,100 0
Capital contributions from parent company 157 8
Capital contributions from noncontrolling interests 23 11
Distributions to noncontrolling interests (118) (108)
Payment of common stock dividends (209) (196)
Other financing activities (13) (4)
Net cash provided from (used for) financing activities 942 (357)
Net Change in Cash, Cash Equivalents, and Restricted Cash 879 51
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 168 144
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,047 195
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 77 88
Income taxes, net (excludes credit transfers) 163 (30)
Noncash transactions —    
Accrued property additions at end of period 138 52
Right-of-use assets obtained under operating leases 2 10
Reassessment of right-of-use assets under operating leases $ 0 $ (7)