XML 34 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - Southern - 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
Allowance for equity funds used during construction (65) (51)
Pension, postretirement, and other employee benefits (126) (123)
Settlement of asset retirement obligations (113) (87)
Stock based compensation expense 92 85
Natural gas cost under recovery – long-term 0 162
Retail fuel cost under recovery – long-term 454 (130)
Other, net 51 79
Changes in certain current assets and liabilities —    
Receivables 319 (217)
Prepayments (100) (86)
Fossil fuel stock (203) 39
Materials and supplies (98) (28)
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)
Accrued compensation (478) (470)
Accrued interest (127) (128)
Natural gas cost over recovery 117 0
Other current liabilities (28) 35
Net cash provided from operating activities 844 1,592
Investing Activities:    
Property additions (1,850) (1,419)
Nuclear decommissioning trust fund purchases (256) (294)
Nuclear decommissioning trust fund sales 251 289
Proceeds from dispositions 103 91
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:    
Increase in notes payable, net 187 137
Proceeds —    
Long-term debt 1,979 700
Short-term borrowings 100 850
Common stock 15 38
Redemptions and repurchases —    
Long-term debt (575) (977)
Short-term borrowings (400) (100)
Capital contributions from noncontrolling interests 21 73
Distributions to noncontrolling interests (48) (97)
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
Income taxes, net (9) (8)
Noncash transactions —    
Noncash transactions — Accrued property additions at end of period 833 863
Right-of-use assets obtained under operating leases 26 3
Right-of-use assets obtained under finance leases 1 0
Reassessment of right-of-use assets under operating leases $ 0 $ 40