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Statements of Income - APC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 25,253 $ 29,279 $ 23,113
Operating Expenses:      
Other operations and maintenance 6,093 6,573 5,902
Depreciation and amortization 4,525 3,663 3,565
Taxes other than income taxes 1,425 1,411 1,290
Total operating expenses 19,427 23,909 19,415
Operating Income 5,826 5,370 3,698
Other Income and (Expense):      
Allowance for equity funds used during construction 268 224 190
Interest expense, net of amounts capitalized (2,446) (2,022) (1,837)
Other income (expense), net 553 500 449
Total other income and (expense) (1,481) (1,147) (1,122)
Earnings Before Income Taxes 4,345 4,223 2,576
Income taxes 496 795 267
Net Income 3,849 3,428 2,309
Dividends on Preferred Stock 0 11 15
Consolidated Net Income 3,976 3,524 2,393
Retail electric revenues      
Operating Revenues:      
Total operating revenues 16,343 18,197 14,852
Other revenues      
Operating Revenues:      
Total operating revenues 949 732 708
Operating Expenses:      
Cost of sales 560 396 357
Fuel      
Operating Expenses:      
Cost of sales 4,365 6,835 4,010
Purchased power      
Operating Expenses:      
Cost of sales 883 1,593 978
Alabama Power      
Operating Revenues:      
Total operating revenues 7,050 7,817 6,413
Operating Expenses:      
Other operations and maintenance 1,769 1,935 1,735
Depreciation and amortization 1,401 875 859
Taxes other than income taxes 442 424 410
Total operating expenses 5,415 5,875 4,607
Operating Income 1,635 1,942 1,806
Other Income and (Expense):      
Allowance for equity funds used during construction 82 70 52
Interest expense, net of amounts capitalized (425) (382) (340)
Other income (expense), net 159 144 107
Total other income and (expense) (184) (168) (181)
Earnings Before Income Taxes 1,451 1,774 1,625
Income taxes 81 423 372
Net Income 1,370 1,351 1,253
Dividends on Preferred Stock 0 11 15
Consolidated Net Income 1,370 1,340 1,238
Alabama Power | Retail electric revenues      
Operating Revenues:      
Total operating revenues 6,159 6,470 5,499
Alabama Power | Wholesale revenues      
Operating Revenues:      
Total operating revenues 424 726 377
Alabama Power | Wholesale revenues, affiliates      
Operating Revenues:      
Total operating revenues 60 202 171
Alabama Power | Other revenues      
Operating Revenues:      
Total operating revenues 407 419 366
Alabama Power | Fuel      
Operating Expenses:      
Cost of sales 1,299 1,840 1,235
Alabama Power | Purchased power      
Operating Expenses:      
Cost of sales 253 441 221
Alabama Power | Purchased power, affiliates      
Operating Expenses:      
Cost of sales $ 251 $ 360 $ 147