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Condensed Consolidated Balance Sheets (Unaudited) - SPC - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,053 $ 1,917
Receivables —    
Customer accounts 1,890 2,128
Other accounts and notes 510 637
Materials and supplies 1,756 1,664
Other current assets 395 344
Total current assets 9,555 10,416
Property, Plant, and Equipment:    
In service 118,690 117,529
Less: Accumulated depreciation 35,990 35,297
Plant in service, net of depreciation 82,700 82,232
Construction work in progress 11,510 10,896
Total property, plant, and equipment 95,630 94,570
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,408 1,443
Total other property and investments 9,827 9,757
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,505 1,531
Other deferred charges and assets 1,456 1,485
Total deferred charges and other assets 19,744 20,148
Total Assets 134,756 134,891
Current Liabilities:    
Securities due within one year 4,363 4,285
Notes payable 2,554 2,609
Accounts payable —    
Accrued interest 487 614
Other current liabilities 915 787
Total current liabilities 13,893 15,724
Long-term Debt 52,060 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,488 10,036
Accumulated deferred ITCs 2,112 2,133
Operating lease obligations, deferred 1,374 1,388
Other deferred credits and liabilities 1,118 1,167
Total deferred credits and other liabilities 34,241 33,979
Total Liabilities 100,194 100,359
Total Stockholders' Equity (See accompanying statements) 34,562 34,532
Total Liabilities and Stockholders' Equity 134,756 134,891
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 123 131
Receivables —    
Customer accounts 133 226
Affiliated 39 51
Other accounts and notes 71 70
Materials and supplies 85 88
Prepaid income taxes 291 5
Other current assets 59 50
Total current assets 801 621
Property, Plant, and Equipment:    
In service 14,635 14,658
Less: Accumulated depreciation 3,760 3,661
Plant in service, net of depreciation 10,875 10,997
Construction work in progress 43 41
Total property, plant, and equipment 10,918 11,038
Other Property and Investments:    
Intangible assets, net of amortization 258 263
Equity investments in unconsolidated subsidiaries 0 49
Net investment in sales-type leases 152 154
Total other property and investments 410 466
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 487 489
Prepaid LTSAs 208 193
Other deferred charges and assets 310 274
Total deferred charges and other assets 1,005 956
Total Assets 13,134 13,081
Current Liabilities:    
Securities due within one year 291 290
Notes payable 165 225
Accounts payable —    
Affiliated 71 139
Other 31 67
Accrued taxes 22 24
Accrued interest 27 28
Other current liabilities 90 111
Total current liabilities 697 884
Long-term Debt 2,700 2,689
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 581 279
Accumulated deferred ITCs 1,541 1,556
Operating lease obligations, deferred 510 514
Other deferred credits and liabilities 247 243
Total deferred credits and other liabilities 2,879 2,592
Total Liabilities 6,276 6,165
Total Stockholders' Equity (See accompanying statements) 6,858 6,916
Total Liabilities and Stockholders' Equity $ 13,134 $ 13,081