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Condensed Consolidated Statements of Income (Unaudited) - Southern - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues:        
Total operating revenues $ 6,980 $ 8,378 $ 19,208 $ 22,232
Operating Expenses:        
Other operations and maintenance 1,424 1,527 4,352 4,568
Depreciation and amortization 1,143 922 3,365 2,728
Taxes other than income taxes 341 352 1,076 1,073
Estimated loss on Plant Vogtle Units 3 and 4 160 (70) 160 (18)
Total operating expenses 4,870 6,185 14,589 17,000
Operating Income 2,110 2,193 4,619 5,232
Other Income and (Expense):        
Allowance for equity funds used during construction 66 59 200 163
Earnings from equity method investments 32 28 110 109
Interest expense, net of amounts capitalized (620) (511) (1,812) (1,461)
Other income (expense), net 141 132 428 414
Total other income and (expense) (381) (292) (1,074) (775)
Earnings Before Income Taxes 1,729 1,901 3,545 4,457
Income taxes 297 414 492 891
Net Income 1,432 1,487 3,053 3,566
Dividends on preferred stock of subsidiaries 0 3 0 10
Net income (loss) attributable to noncontrolling interests 10 12 (68) (55)
Net Income $ 1,422 $ 1,472 $ 3,121 $ 3,611
Earnings per share -        
Basic (in dollars per share) $ 1.30 $ 1.36 $ 2.86 $ 3.38
Diluted (in dollars per share) $ 1.29 $ 1.35 $ 2.84 $ 3.36
Average number of shares of common stock outstanding — (in millions)        
Basic (in shares) 1,092 1,082 1,092 1,070
Diluted (in shares) 1,099 1,088 1,098 1,076
Retail electric revenues        
Operating Revenues:        
Total operating revenues $ 5,139 $ 5,961 $ 12,597 $ 14,363
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 727 1,197 1,930 2,798
Other electric revenues        
Operating Revenues:        
Total operating revenues 203 185 602 554
Natural Gas        
Operating Revenues:        
Total operating revenues 689 857 3,417 3,998
Other revenues        
Operating Revenues:        
Total operating revenues 222 178 662 519
Operating Expenses:        
Total cost of sales 126 92 381 275
Fuel        
Operating Expenses:        
Total cost of sales 1,367 2,423 3,376 5,249
Purchased power        
Operating Expenses:        
Total cost of sales 207 645 680 1,285
Natural gas        
Operating Expenses:        
Total cost of sales $ 102 $ 294 $ 1,199 $ 1,840