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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income (loss) $ 809 $ (684)
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 1,750 1,683
Deferred income taxes (338) (270)
Allowance for equity funds used during construction (63) (115)
Pension, postretirement, and other employee benefits (74) (83)
Settlement of asset retirement obligations (97) (87)
Stock based compensation expense 83 73
Estimated loss on plants under construction 1,088 3,120
Goodwill impairment 42  
Asset impairment 161 0
Other, net 5 (118)
Changes in certain current assets and liabilities —    
-Receivables 94 107
-Prepayments (73) (61)
-Natural gas for sale, net of temporary LIFO liquidation 295 223
-Other current assets (40) (30)
-Accounts payable (406) (353)
-Accrued taxes 213 (132)
-Accrued compensation (284) (331)
-Retail fuel cost over recovery 10 (187)
-Other current liabilities 125 (14)
Net cash provided from operating activities 3,258 2,741
Investing Activities:    
Business acquisitions, net of cash acquired (64) (1,046)
Property additions (3,828) (3,398)
Nuclear decommissioning trust fund purchases (571) (388)
Nuclear decommissioning trust fund sales 566 383
Cost of removal, net of salvage (128) (128)
Change in construction payables, net 49 (117)
Investment in unconsolidated subsidiaries (63) (116)
Payments pursuant to LTSAs (103) (132)
Asset dispositions 500 65
Other investing activities 18 (6)
Net cash used for investing activities (3,624) (4,883)
Financing Activities:    
Increase (decrease) in notes payable, net 1,442 30
Proceeds —    
Long-term debt 1,100 2,958
Short-term borrowings 1,650 1,004
Common stock 222 417
Redemptions and repurchases —    
Long-term debt (3,379) (1,478)
Preferred and preference stock 0 (150)
Short-term borrowings (550) 0
Distributions to noncontrolling interests (42) (40)
Capital contributions from noncontrolling interests 1,210 73
Payment of common stock dividends (1,194) (1,134)
Other financing activities (223) (75)
Net cash provided from financing activities 236 1,605
Net Change in Cash, Cash Equivalents, and Restricted Cash (130) (537)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,147 1,992
Cash, Cash Equivalents, and Restricted Cash at End of Period 2,017 1,455
Cash paid (received) during the period for —    
Interest 927 833
Income taxes, net 4 1
Noncash transactions — Accrued property additions at end of period 1,067 629
ALABAMA POWER CO    
Operating Activities:    
Net income (loss) 491 412
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 452 442
Deferred income taxes 48 192
Allowance for equity funds used during construction (27) (16)
Pension, postretirement, and other employee benefits (28) (24)
Other, net (40) 20
Changes in certain current assets and liabilities —    
-Receivables (153) (58)
-Prepayments (57) (56)
-Materials and supplies (47) (18)
-Other current assets 29 12
-Accounts payable (196) (154)
-Accrued taxes 134 52
-Accrued compensation (70) (74)
-Retail fuel cost over recovery 0 (65)
-Other current liabilities 116 7
Net cash provided from operating activities 652 672
Investing Activities:    
Property additions (997) (738)
Nuclear decommissioning trust fund purchases (131) (117)
Nuclear decommissioning trust fund sales 131 117
Cost of removal, net of salvage (34) (54)
Change in construction payables, net (29) 48
Other investing activities (15) (15)
Net cash used for investing activities (1,075) (759)
Proceeds —    
Senior notes 500 550
Capital contributions from parent company 488 327
Redemptions and repurchases —    
Senior notes 0 (200)
Payment of common stock dividends (402) (357)
Other financing activities (21) (14)
Net cash provided from financing activities 565 306
Net Change in Cash, Cash Equivalents, and Restricted Cash 142 219
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 544 420
Cash, Cash Equivalents, and Restricted Cash at End of Period 686 639
Cash paid (received) during the period for —    
Interest 143 140
Income taxes, net 17 88
Noncash transactions — Accrued property additions at end of period 216 132
GEORGIA POWER CO    
Operating Activities:    
Net income (loss) (44) 616
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 562 543
Deferred income taxes (256) 159
Allowance for equity funds used during construction (32) (25)
Deferred expenses 34 41
Pension, postretirement, and other employee benefits (47) (45)
Settlement of asset retirement obligations (49) (62)
Other, net 27 (39)
Changes in certain current assets and liabilities —    
-Receivables (103) (150)
-Fossil fuel stock 38 (32)
-Prepaid income taxes 115 (4)
-Other current assets 25 (18)
-Accounts payable (87) (153)
-Accrued taxes (89) (194)
-Accrued compensation (56) (65)
-Retail fuel cost over recovery 0 (84)
-Other current liabilities (26) (6)
Net cash provided from operating activities 1,072 482
Investing Activities:    
Property additions (1,501) (1,284)
Nuclear decommissioning trust fund purchases (440) (271)
Nuclear decommissioning trust fund sales 435 266
Cost of removal, net of salvage (50) (32)
Change in construction payables, net of joint owner portion 86 1
Payments pursuant to LTSAs (46) (56)
Asset dispositions 134 63
Other investing activities (11) (12)
Net cash used for investing activities (1,393) (1,325)
Financing Activities:    
Increase (decrease) in notes payable, net 480 37
Proceeds —    
Senior notes 0 850
Short-term borrowings 0 800
Capital contributions from parent company 1,502 380
Redemptions and repurchases —    
Senior notes (1,000) (450)
Pollution control revenue bonds (398) (27)
Other long-term debt (100) 0
Short-term borrowings (150) 0
Payment of common stock dividends (691) (640)
Premiums on redemption and repurchases of senior notes (152) 0
Other financing activities (11) (19)
Net cash provided from financing activities (520) 931
Net Change in Cash, Cash Equivalents, and Restricted Cash (841) 88
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 852 3
Cash, Cash Equivalents, and Restricted Cash at End of Period 11 91
Cash paid (received) during the period for —    
Interest 211 186
Income taxes, net 64 213
Noncash transactions — Accrued property additions at end of period 669 348
GULF POWER CO    
Operating Activities:    
Net income (loss) 84 57
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 98 56
Deferred income taxes (21) 19
Loss on Plant Scherer Unit 3 0 33
Other, net (3) (3)
Changes in certain current assets and liabilities —    
-Receivables 9 (25)
-Other current assets (2) 14
-Accounts payable (16) 3
-Accrued taxes 18 7
-Accrued compensation (15) (17)
-Over recovered regulatory clause revenues 5 (19)
-Other current liabilities 0 (1)
Net cash provided from operating activities 157 124
Investing Activities:    
Property additions (135) (97)
Cost of removal, net of salvage (14) (9)
Change in construction payables, net (3) (14)
Other investing activities (6) (3)
Net cash used for investing activities (158) (123)
Financing Activities:    
Increase (decrease) in notes payable, net 45 (190)
Proceeds —    
Senior notes 0 300
Capital contributions from parent company 37 5
Common stock 0 175
Redemptions and repurchases —    
Preferred and preference stock 0 (150)
Senior notes 0 (85)
Payment of common stock dividends (77) (63)
Other financing activities (1) (4)
Net cash provided from financing activities 4 (12)
Net Change in Cash, Cash Equivalents, and Restricted Cash 3 (11)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 28 56
Cash, Cash Equivalents, and Restricted Cash at End of Period 31 45
Cash paid (received) during the period for —    
Interest 25 22
Income taxes, net 21 7
Noncash transactions — Accrued property additions at end of period 22 19
MISSISSIPPI POWER CO    
Operating Activities:    
Net income (loss) 40 (2,073)
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 86 94
Deferred income taxes 289 (860)
Allowance for equity funds used during construction 0 (71)
Estimated loss on plants under construction 28 3,120
Other, net (13) (11)
Changes in certain current assets and liabilities —    
-Receivables (51) (15)
-Fossil fuel stock (2) 21
-Other current assets (9) (10)
-Accounts payable (15) (20)
-Accrued taxes (41) 0
-Accrued compensation (14) (17)
-Over recovered regulatory clause revenues 10 (30)
-Other current liabilities (11) 7
Net cash provided from operating activities 297 135
Investing Activities:    
Property additions (74) (337)
Change in construction payables, net (9) (19)
Payments pursuant to LTSAs (13) 3
Other investing activities (12) (8)
Net cash used for investing activities (108) (361)
Financing Activities:    
Increase (decrease) in notes payable, net (4) (10)
Proceeds —    
Senior notes 600 0
Short-term borrowings 300 4
Capital contributions from parent company 1 1,001
Long-term debt to parent company 0 (40)
Redemptions and repurchases —    
Other long-term debt (900) (300)
Short-term borrowings (200) 0
Long-term debt to parent company 0 (591)
Other financing activities (6) (2)
Net cash provided from financing activities (209) 142
Net Change in Cash, Cash Equivalents, and Restricted Cash (20) (84)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 248 224
Cash, Cash Equivalents, and Restricted Cash at End of Period 228 140
Cash paid (received) during the period for —    
Interest 39 26
Income taxes, net (257) (93)
Noncash transactions — Accrued property additions at end of period 23 59
SOUTHERN POWER CO    
Operating Activities:    
Net income (loss) 160 168
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 256 264
Deferred income taxes (252) 91
Amortization of investment tax credits (29) (28)
Deferred revenues (19) (34)
Income taxes receivable, non-current (4) (58)
Asset impairment 119 0
Other, net 13 (1)
Changes in certain current assets and liabilities —    
-Receivables (30) (58)
-Prepaid income taxes (36) 33
-Other current assets 3 20
-Accounts payable (41) (45)
-Accrued taxes 15 4
-Other current liabilities (28) (8)
Net cash provided from operating activities 127 348
Investing Activities:    
Business acquisitions, net of cash acquired (64) (1,004)
Property additions (198) (145)
Change in construction payables, net 2 (167)
Payments pursuant to LTSAs (32) (68)
Other investing activities 15 (3)
Net cash used for investing activities (277) (1,387)
Financing Activities:    
Increase (decrease) in notes payable, net (41) 189
Proceeds —    
Short-term borrowings 200 0
Capital contributions from parent company 16 0
Redemptions and repurchases —    
Return of paid in capital (250) 0
Senior notes (350) 0
Other long-term debt (420) (3)
Distributions to noncontrolling interests (42) (40)
Capital contributions from noncontrolling interests 1,210 73
Payment of common stock dividends (156) (158)
Other financing activities (15) (18)
Net cash provided from financing activities 152 43
Net Change in Cash, Cash Equivalents, and Restricted Cash 2 (996)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 140 1,112
Cash, Cash Equivalents, and Restricted Cash at End of Period 142 116
Cash paid (received) during the period for —    
Interest 109 113
Income taxes, net 109 (117)
Noncash transactions — Accrued property additions at end of period 33 19
SOUTHERN Co GAS    
Operating Activities:    
Net income (loss) 248 288
Adjustments to reconcile consolidated net income (loss) to net cash provided from operating activities —    
Depreciation and amortization, total 255 244
Deferred income taxes (12) 144
Mark-to-market adjustments 2 (49)
Goodwill impairment 42 0
Loss on disposition 36 0
Other, net (24) (34)
Changes in certain current assets and liabilities —    
-Receivables 504 418
-Natural gas for sale, net of temporary LIFO liquidation 295 223
-Prepaid income taxes 9 24
-Other current assets 32 (12)
-Accounts payable (125) (102)
-Accrued taxes 38 (8)
-Accrued compensation (6) (12)
-Other current liabilities 24 25
Net cash provided from operating activities 1,318 1,149
Investing Activities:    
Property additions (679) (684)
Cost of removal, net of salvage (18) (25)
Change in construction payables, net (6) 23
Investment in unconsolidated subsidiaries (60) (111)
Asset dispositions 364 0
Other investing activities 18 18
Net cash used for investing activities (381) (779)
Financing Activities:    
Increase (decrease) in notes payable, net (515) (631)
Proceeds —    
Senior notes 0 450
Capital contributions from parent company 10 57
Redemptions and repurchases —    
Long-term debt (200) 0
Payment of common stock dividends (235) (221)
Other financing activities 0 (6)
Net cash provided from financing activities (940) (351)
Net Change in Cash, Cash Equivalents, and Restricted Cash (3) 19
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 78 24
Cash, Cash Equivalents, and Restricted Cash at End of Period 75 43
Cash paid (received) during the period for —    
Interest 129 105
Income taxes, net 106 20
Noncash transactions — Accrued property additions at end of period $ 129 $ 84