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Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Consolidated net income $ 3,053 $ 3,566
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 3,699 3,084
Deferred income taxes (52) 608
Utilization of federal investment tax credits 195 266
Other, net (67) (119)
Changes in certain current assets and liabilities —    
Receivables 524 (316)
Other current assets (32) (310)
Accounts payable (1,031) 805
Accrued taxes 376 167
Other current liabilities 66 (82)
Net cash provided from operating activities 5,740 5,017
Investing Activities:    
Property additions (6,561) (5,502)
Other investing activities (139) (63)
Net cash used for investing activities (6,721) (5,952)
Financing Activities:    
Increase (decrease) in notes payable, net (298) (349)
Capital contributions from noncontrolling interests 21 73
Distributions to noncontrolling interests (148) (175)
Payment of common stock dividends (2,271) (2,166)
Other financing activities (141) (235)
Net cash provided from financing activities 834 1,119
Net Change in Cash, Cash Equivalents, and Restricted Cash (147) 184
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,037 1,829
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,890 2,013
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 1,694 1,425
Income taxes, net 11 160
Noncash transactions —    
Accrued property additions at end of period 1,224 872
Right-of-use assets obtained under operating leases 76 27
Reassessment of right-of-use assets under operating leases 0 40
SOUTHERN POWER CO    
Operating Activities:    
Consolidated net income 220 210
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 395 404
Deferred income taxes 1 21
Utilization of federal investment tax credits 179 218
Amortization of investment tax credits (44) (44)
Gain on dispositions, net (20) (2)
Other, net 4 1
Changes in certain current assets and liabilities —    
Receivables 100 (124)
Prepaid income taxes 31 22
Other current assets (14) (15)
Accounts payable (70) 95
Accrued taxes 9 55
Other current liabilities 8 (14)
Net cash provided from operating activities 799 827
Investing Activities:    
Acquisitions, net of cash acquired (181) 0
Property additions (40) (64)
Proceeds from dispositions 59 48
Change in construction payables (18) (60)
Payments pursuant to LTSAs (49) (52)
Other investing activities 5 0
Net cash used for investing activities (224) (128)
Financing Activities:    
Increase (decrease) in notes payable, net 136  
Increase (decrease) in notes payable, net   (5)
Redemptions — Senior notes (290) (677)
Capital contributions from parent company 16 330
Capital contributions from noncontrolling interests 21 73
Distributions to noncontrolling interests (148) (175)
Payment of common stock dividends (189) (148)
Other financing activities 3 (1)
Net cash provided from financing activities (451) (603)
Net Change in Cash, Cash Equivalents, and Restricted Cash 124 96
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 133 135
Cash, Cash Equivalents, and Restricted Cash at End of Period 257 231
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 103 120
Income taxes, net (124) (202)
Noncash transactions —    
Accrued property additions at end of period 23 30
Right-of-use assets obtained under operating leases 7 0
Reassessment of right-of-use assets under operating leases $ 0 $ 40