XML 32 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income (loss) $ 2,299,000,000 $ 2,138,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 2,109,000,000 1,787,000,000
Deferred income taxes (22,000,000) 821,000,000
Investment tax credits 0 319,000,000
Allowance for equity funds used during construction (150,000,000) (163,000,000)
Pension, postretirement, and other employee benefits (158,000,000) 79,000,000
Settlement of asset retirement obligations (117,000,000) (20,000,000)
Stock based compensation expense 87,000,000 77,000,000
Hedge settlements (236,000,000) (4,000,000)
Estimated loss on Kemper IGCC 222,000,000 182,000,000
Income taxes receivable, non-current 0 (444,000,000)
Other, net (98,000,000) (48,000,000)
Changes in certain current assets and liabilities —    
-Receivables (458,000,000) (118,000,000)
-Fossil fuel stock 204,000,000 239,000,000
-Natural gas for sale (222,000,000) 0
-Other current assets (111,000,000) (40,000,000)
-Accounts payable (9,000,000) (266,000,000)
-Accrued taxes 1,062,000,000 408,000,000
-Accrued compensation (122,000,000) (129,000,000)
-Mirror CWIP 0 99,000,000
-Other current liabilities (18,000,000) 171,000,000
Net cash provided from (used for) operating activities 4,262,000,000 5,088,000,000
Investing Activities:    
Business acquisitions, net of cash acquired (9,513,000,000) (1,128,000,000)
Property additions (5,252,000,000) (3,490,000,000)
Investment in restricted cash (750,000,000) 0
Distributions of restricted cash 746,000,000 0
Nuclear decommissioning trust fund purchases (838,000,000) (1,164,000,000)
Nuclear decommissioning trust fund sales 832,000,000 1,159,000,000
Cost of removal, net of salvage (155,000,000) (118,000,000)
Change in construction payables (259,000,000) 20,000,000
Investment in unconsolidated subsidiaries (1,421,000,000) 0
Prepaid long-term service agreement (125,000,000) (166,000,000)
Other investing activities 95,000,000 7,000,000
Net cash provided from (used for) investing activities (16,640,000,000) (4,880,000,000)
Financing Activities:    
Increase (decrease) in notes payable, net 655,000,000 662,000,000
Proceeds —    
Long-term debt issuances 14,091,000,000 3,992,000,000
Common stock issuances 3,265,000,000 136,000,000
Short-term borrowings 0 280,000,000
Redemptions and repurchases —    
Long-term debt (2,405,000,000) (2,562,000,000)
Interest-bearing refundable deposits 0 (275,000,000)
Preferred and preference stock 0 (412,000,000)
Common stock 0 (115,000,000)
Short-term borrowings (475,000,000) (255,000,000)
Distributions to noncontrolling interests (22,000,000) (6,000,000)
Capital contributions from noncontrolling interests 367,000,000 274,000,000
Purchase of membership interests from noncontrolling interests (129,000,000) 0
Payment of common stock dividends (1,553,000,000) (1,465,000,000)
Other financing activities (151,000,000) (63,000,000)
Net cash provided from (used for) financing activities 13,643,000,000 191,000,000
Net Change in Cash and Cash Equivalents 1,265,000,000 399,000,000
Cash and Cash Equivalents at Beginning of Period 1,404,000,000 710,000,000
Cash and Cash Equivalents at End of Period 2,669,000,000 1,109,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 766,000,000 590,000,000
Income taxes, net (151,000,000) (13,000,000)
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period 578,000,000 483,000,000
Alabama Power [Member]    
Operating Activities:    
Net income (loss) 730,000,000 686,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 634,000,000 585,000,000
Deferred income taxes 267,000,000 85,000,000
Allowance for equity funds used during construction (23,000,000) (43,000,000)
Other, net (23,000,000) 23,000,000
Changes in certain current assets and liabilities —    
-Receivables (4,000,000) (160,000,000)
-Fossil fuel stock 18,000,000 69,000,000
-Other current assets (46,000,000) (10,000,000)
-Accounts payable (113,000,000) (106,000,000)
-Accrued taxes 203,000,000 371,000,000
-Retail fuel cost over recovery - short-term (104,000,000) 81,000,000
-Other current liabilities (4,000,000) (2,000,000)
Net cash provided from (used for) operating activities 1,535,000,000 1,579,000,000
Investing Activities:    
Property additions (947,000,000) (938,000,000)
Nuclear decommissioning trust fund purchases (275,000,000) (349,000,000)
Nuclear decommissioning trust fund sales 275,000,000 349,000,000
Cost of removal, net of salvage (70,000,000) (41,000,000)
Change in construction payables (37,000,000) (48,000,000)
Other investing activities (28,000,000) (22,000,000)
Net cash provided from (used for) investing activities (1,082,000,000) (1,049,000,000)
Proceeds —    
Senior notes issuances 400,000,000 975,000,000
Capital contributions 253,000,000 13,000,000
Pollution control revenue bonds 0 80,000,000
Other long-term debt 45,000,000 0
Redemptions and repurchases —    
Preferred and preference stock 0 (412,000,000)
Pollution control revenue bonds 0 (134,000,000)
Senior notes (200,000,000) (250,000,000)
Payment of common stock dividends (574,000,000) (428,000,000)
Other financing activities (15,000,000) (38,000,000)
Net cash provided from (used for) financing activities (91,000,000) (194,000,000)
Net Change in Cash and Cash Equivalents 362,000,000 336,000,000
Cash and Cash Equivalents at Beginning of Period 194,000,000 273,000,000
Cash and Cash Equivalents at End of Period 556,000,000 609,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 215,000,000 192,000,000
Income taxes, net (70,000,000) 47,000,000
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period 84,000,000 88,000,000
Georgia Power [Member]    
Operating Activities:    
Net income (loss) 1,227,000,000 1,077,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 794,000,000 766,000,000
Deferred income taxes 346,000,000 12,000,000
Allowance for equity funds used during construction (36,000,000) (24,000,000)
Deferred expenses (40,000,000) (45,000,000)
Pension, postretirement, and other employee benefits (14,000,000) 40,000,000
Settlement of asset retirement obligations (93,000,000) (18,000,000)
Other, net 4,000,000 48,000,000
Changes in certain current assets and liabilities —    
-Receivables (162,000,000) 37,000,000
-Fossil fuel stock 128,000,000 141,000,000
-Prepaid income taxes 45,000,000 244,000,000
-Other current assets 17,000,000 (17,000,000)
-Accounts payable 39,000,000 (118,000,000)
-Accrued taxes (22,000,000) 54,000,000
-Accrued compensation (26,000,000) (34,000,000)
-Other current liabilities 53,000,000 (3,000,000)
Net cash provided from (used for) operating activities 2,260,000,000 2,160,000,000
Investing Activities:    
Property additions (1,566,000,000) (1,321,000,000)
Nuclear decommissioning trust fund purchases (563,000,000) (815,000,000)
Nuclear decommissioning trust fund sales 558,000,000 810,000,000
Cost of removal, net of salvage (45,000,000) (57,000,000)
Change in construction payables, net of joint owner portion (139,000,000) 44,000,000
Prepaid long-term service agreement (27,000,000) (60,000,000)
Other investing activities 24,000,000 11,000,000
Net cash provided from (used for) investing activities (1,758,000,000) (1,388,000,000)
Financing Activities:    
Increase (decrease) in notes payable, net (63,000,000) (26,000,000)
Proceeds —    
Senior notes issuances 650,000,000 0
FFB loan 300,000,000 600,000,000
Capital contributions 294,000,000 41,000,000
Pollution control revenue bonds 0 274,000,000
Short-term borrowings 0 250,000,000
Redemptions and repurchases —    
Pollution control revenue bonds (4,000,000) (268,000,000)
Senior notes (700,000,000) (525,000,000)
Short-term borrowings 0 (250,000,000)
Payment of common stock dividends (979,000,000) (776,000,000)
Other financing activities (20,000,000) (31,000,000)
Net cash provided from (used for) financing activities (522,000,000) (711,000,000)
Net Change in Cash and Cash Equivalents (20,000,000) 61,000,000
Cash and Cash Equivalents at Beginning of Period 67,000,000 24,000,000
Cash and Cash Equivalents at End of Period 47,000,000 85,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 277,000,000 251,000,000
Income taxes, net 188,000,000 311,000,000
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period 226,000,000 192,000,000
Gulf Power [Member]    
Operating Activities:    
Net income (loss) 115,000,000 127,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 134,000,000 105,000,000
Deferred income taxes 15,000,000 58,000,000
Other, net (4,000,000) 5,000,000
Changes in certain current assets and liabilities —    
-Receivables (9,000,000) 18,000,000
-Fossil fuel stock 49,000,000 18,000,000
-Other current assets 3,000,000 32,000,000
-Accrued taxes 40,000,000 46,000,000
-Other current liabilities 30,000,000 2,000,000
Net cash provided from (used for) operating activities 373,000,000 411,000,000
Investing Activities:    
Property additions (106,000,000) (189,000,000)
Cost of removal, net of salvage (8,000,000) (9,000,000)
Change in construction payables (7,000,000) (29,000,000)
Other investing activities (6,000,000) (6,000,000)
Net cash provided from (used for) investing activities (127,000,000) (233,000,000)
Financing Activities:    
Increase (decrease) in notes payable, net (42,000,000) (34,000,000)
Proceeds —    
Pollution control revenue bonds 0 13,000,000
Common stock issuances 0 20,000,000
Redemptions and repurchases —    
Pollution control revenue bonds 0 (13,000,000)
Senior notes (125,000,000) (60,000,000)
Payment of common stock dividends (90,000,000) (98,000,000)
Other financing activities 6,000,000 (4,000,000)
Net cash provided from (used for) financing activities (251,000,000) (176,000,000)
Net Change in Cash and Cash Equivalents (5,000,000) 2,000,000
Cash and Cash Equivalents at Beginning of Period 74,000,000 39,000,000
Cash and Cash Equivalents at End of Period 69,000,000 41,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 29,000,000 27,000,000
Income taxes, net 14,000,000 (37,000,000)
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period 13,000,000 17,000,000
Mississippi Power [Member]    
Operating Activities:    
Net income (loss) 40,000,000 63,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 115,000,000 94,000,000
Deferred income taxes 34,000,000 518,000,000
Investment tax credits 0 25,000,000
Allowance for equity funds used during construction (90,000,000) (82,000,000)
Regulatory assets associated with Kemper IGCC (13,000,000) (56,000,000)
Estimated loss on Kemper IGCC 222,000,000 182,000,000
Income taxes receivable, non-current 0 (544,000,000)
Other, net 12,000,000 7,000,000
Changes in certain current assets and liabilities —    
-Prepaid income taxes 38,000,000 (1,000,000)
-Other current assets 7,000,000 4,000,000
-Accounts payable 5,000,000 (32,000,000)
-Accrued taxes 95,000,000 24,000,000
-Over recovered regulatory clause revenues (20,000,000) 59,000,000
-Mirror CWIP 0 99,000,000
-Customer liability associated with Kemper refunds (73,000,000) 0
-Other current liabilities 0 (11,000,000)
Net cash provided from (used for) operating activities 372,000,000 349,000,000
Investing Activities:    
Property additions (592,000,000) (626,000,000)
Change in construction payables (25,000,000) (31,000,000)
Capital grant proceeds 137,000,000 0
Other investing activities (29,000,000) (29,000,000)
Net cash provided from (used for) investing activities (509,000,000) (686,000,000)
Financing Activities:    
Increase (decrease) in notes payable, net 0 475,000,000
Proceeds —    
Capital contributions 227,000,000 153,000,000
Short-term borrowings 0 30,000,000
Long-term debt issuance to parent company 200,000,000 0
Other long-term debt 900,000,000 0
Redemptions and repurchases —    
Short-term borrowings (475,000,000) (5,000,000)
Long-term debt to parent company (225,000,000) 0
Other long-term debt (425,000,000) (350,000,000)
Other financing activities (4,000,000) (3,000,000)
Net cash provided from (used for) financing activities 198,000,000 300,000,000
Net Change in Cash and Cash Equivalents 61,000,000 (37,000,000)
Cash and Cash Equivalents at Beginning of Period 98,000,000 133,000,000
Cash and Cash Equivalents at End of Period 159,000,000 96,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 36,000,000 6,000,000
Income taxes, net (231,000,000) (55,000,000)
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period 80,000,000 83,000,000
Issuance of promissory note to parent related to repayment of interest-bearing refundable deposits and accrued interest 0 301,000,000
Southern Power [Member]    
Operating Activities:    
Net income (loss) 354,000,000 196,000,000
Adjustments to reconcile net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 262,000,000 187,000,000
Deferred income taxes (668,000,000) 222,000,000
Investment tax credits 0 294,000,000
Amortization of investment tax credits (25,000,000) (14,000,000)
Deferred revenues 9,000,000 15,000,000
Collateral deposits (80,000,000) 0
Accrued income taxes, non-current 0 100,000,000
Other, net 10,000,000 10,000,000
Changes in certain current assets and liabilities —    
-Receivables (82,000,000) (28,000,000)
-Prepaid income taxes (16,000,000) (116,000,000)
-Other current assets 1,000,000 1,000,000
-Accounts payable 7,000,000 1,000,000
-Accrued taxes 483,000,000 (247,000,000)
-Other current liabilities 14,000,000 (12,000,000)
Net cash provided from (used for) operating activities 269,000,000 609,000,000
Investing Activities:    
Business acquisitions, net of cash acquired (1,134,000,000) (1,128,000,000)
Property additions (1,702,000,000) (348,000,000)
Investment in restricted cash (750,000,000) 0
Distributions of restricted cash 746,000,000 0
Change in construction payables (69,000,000) 88,000,000
Payments pursuant to long-term service agreements (58,000,000) (65,000,000)
Other investing activities (41,000,000) (1,000,000)
Net cash provided from (used for) investing activities (3,008,000,000) (1,454,000,000)
Financing Activities:    
Increase (decrease) in notes payable, net 692,000,000 18,000,000
Proceeds —    
Senior notes issuances 1,531,000,000 650,000,000
Capital contributions 800,000,000 226,000,000
Other long-term debt 63,000,000 400,000,000
Redemptions and repurchases —    
Senior notes 0 (525,000,000)
Other long-term debt (84,000,000) (3,000,000)
Distributions to noncontrolling interests (22,000,000) (6,000,000)
Capital contributions from noncontrolling interests 367,000,000 274,000,000
Purchase of membership interests from noncontrolling interests (129,000,000) 0
Payment of common stock dividends (204,000,000) (98,000,000)
Other financing activities (14,000,000) (5,000,000)
Net cash provided from (used for) financing activities 3,000,000,000 931,000,000
Net Change in Cash and Cash Equivalents 261,000,000 86,000,000
Cash and Cash Equivalents at Beginning of Period 830,000,000 75,000,000
Cash and Cash Equivalents at End of Period 1,091,000,000 161,000,000
Cash paid (received) during the period for --    
Interest (net of capitalized amounts) 49,000,000 69,000,000
Income taxes, net 71,000,000 (215,000,000)
Noncash Investing and Financing Items [Abstract]    
Noncash transactions - Accrued property additions at end of period $ 210,000,000 $ 120,000,000