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Statements of Cash Flows - APC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net Income $ 3,849 $ 3,428 $ 2,309
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 4,986 4,064 3,973
Deferred income taxes 63 670 (49)
Allowance for equity funds used during construction (268) (224) (190)
Pension, postretirement, and other employee benefits (527) (436) (305)
Settlement of asset retirement obligations (617) (455) (456)
Natural disaster reserve and reliability reserve accruals 124 430 288
Retail fuel cost under recovery – long-term (206) (2,166) (536)
Other, net (138) (25) (89)
Changes in certain current assets and liabilities —      
-Receivables 482 (771) (77)
-Fossil fuel stock (368) (125) 99
-Materials and supplies (345) (160) (130)
-Retail fuel cost under recovery 686 (100) (4)
-Other current assets (106) (186) (270)
-Accounts payable (863) 1,021 (8)
-Customer refunds (157) 119 130
-Other current liabilities 214 204 (258)
Net cash provided from operating activities 7,553 6,302 6,169
Investing Activities:      
Property additions (9,095) (7,923) (7,586)
Nuclear decommissioning trust fund purchases (1,142) (1,125) (1,598)
Nuclear decommissioning trust fund sales 1,121 1,112 1,593
Cost of removal, net of salvage (592) (649) (442)
Change in construction payables, net 18 203 (124)
Other investing activities (43) (133) 75
Net cash used for investing activities (9,668) (8,430) (7,353)
Financing Activities:      
Increase in notes payable, net 973   530
Redemptions and repurchases —      
Preferred stock 0 (298) 0
Payment of common stock dividends (3,035) (2,907) (2,777)
Other financing activities (160) (218) (266)
Net cash provided from financing activities 999 2,336 1,945
Net Change in Cash, Cash Equivalents, and Restricted Cash (1,116) 208 761
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 2,037 1,829 1,068
Cash, Cash Equivalents, and Restricted Cash at End of Year 921 2,037 1,829
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 2,184 1,758 1,718
Income taxes, net 132 146 93
Noncash transactions —      
Accrued property additions at year-end 1,027 1,024 866
Alabama Power      
Operating Activities:      
Net Income 1,370 1,351 1,253
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 1,554 1,014 1,005
Deferred income taxes (242) 355 245
Allowance for equity funds used during construction (82) (70) (52)
Pension, postretirement, and other employee benefits (204) (118) (106)
Settlement of asset retirement obligations (270) (205) (202)
Natural disaster reserve and reliability reserve accruals 70 185 75
Retail fuel cost under recovery – long-term 0 (520) (126)
Other, net 4 (50) (53)
Changes in certain current assets and liabilities —      
-Receivables (24) (321) 42
-Fossil fuel stock (165) (70) 76
-Materials and supplies (105) (7) (6)
-Retail fuel cost under recovery 376 (102) 0
-Other current assets (20) (23) (31)
-Accounts payable (162) 249 (109)
-Customer refunds (39) 5 128
-Other current liabilities 18 (34) (86)
Net cash provided from operating activities 2,079 1,639 2,053
Investing Activities:      
Property additions (2,022) (2,016) (1,753)
Nuclear decommissioning trust fund purchases (301) (355) (638)
Nuclear decommissioning trust fund sales 300 354 637
Cost of removal, net of salvage (178) (234) (165)
Change in construction payables, net (44) 50 (16)
Other investing activities 49 (62) (26)
Net cash used for investing activities (2,196) (2,263) (1,961)
Financing Activities:      
Increase in notes payable, net 40 0 0
Proceeds —      
Senior notes 500 1,700 1,300
Revenue bonds 326 0 0
Other long-term debt 29 0 0
Redemptions and repurchases —      
Senior notes (300) (750) (200)
Preferred stock 0 (298) 0
Revenue bonds 0 0 (65)
Other long-term debt 0 0 (206)
Capital contributions from parent company 407 649 636
Payment of common stock dividends (1,141) (1,016) (984)
Other financing activities (22) (34) (43)
Net cash provided from financing activities (161) 251 438
Net Change in Cash, Cash Equivalents, and Restricted Cash (278) (373) 530
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 687 1,060 530
Cash, Cash Equivalents, and Restricted Cash at End of Year 409 687 1,060
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 397 342 308
Income taxes, net 315 121 185
Noncash transactions —      
Accrued property additions at year-end $ 138 $ 182 $ 150