XML 71 R43.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - GAS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net income (loss) $ 799 $ 991
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 1,233 989
Natural gas cost under recovery – long-term 0 162
Other, net 51 79
Changes in certain current assets and liabilities —    
Receivables 319 (217)
Natural gas for sale, net of temporary LIFO liquidation 267 450
Other current assets 143 8
Accounts payable (1,056) 132
Accrued taxes (237) (58)
Other current liabilities (28) 35
Net cash provided from operating activities 844 1,592
Investing Activities:    
Property additions (1,850) (1,419)
Cost of removal, net of salvage (135) (227)
Construction payables (140) 23
Other investing activities (91) (18)
Net cash used for investing activities (2,118) (1,555)
Financing Activities:    
Short-term borrowings (400) (100)
Payment of common stock dividends (742) (702)
Other financing activities (83) (115)
Net cash provided from (used for) financing activities 454 (193)
Net Change in Cash, Cash Equivalents, and Restricted Cash (820) (156)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,037 1,829
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,217 1,673
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 652 515
Noncash transactions — Accrued property additions at end of period 833 863
SOUTHERN Co GAS    
Operating Activities:    
Net income (loss) 309 319
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 141 137
Deferred income taxes 27 5
Mark-to-market adjustments 13 (38)
Natural gas cost under recovery – long-term 0 162
Other, net (15) 41
Changes in certain current assets and liabilities —    
Receivables 266 (115)
Natural gas for sale, net of temporary LIFO liquidation 267 450
Prepaid income taxes 33 34
Other current assets 90 (1)
Accounts payable (303) (23)
Accrued taxes 36 54
Natural gas cost over recovery 117 0
Other current liabilities (3) (1)
Net cash provided from operating activities 978 1,024
Investing Activities:    
Property additions (299) (247)
Cost of removal, net of salvage (24) (20)
Construction payables (53) (5)
Other investing activities (3) 1
Net cash used for investing activities (379) (271)
Financing Activities:    
Decrease in notes payable, net (448) (577)
Short-term borrowings (200) (100)
Capital contributions from parent company 192 39
Payment of common stock dividends (146) (130)
Other financing activities 9 0
Net cash provided from (used for) financing activities (593) (768)
Net Change in Cash, Cash Equivalents, and Restricted Cash 6 (15)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 83 48
Cash, Cash Equivalents, and Restricted Cash at End of Period 89 33
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 76 55
Noncash transactions — Accrued property additions at end of period $ 124 $ 107