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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenues:        
Total operating revenues $ 6,159 $ 6,201 $ 18,158 $ 17,403
Operating Expenses:        
Other operations and maintenance 1,404 1,341 4,217 4,100
Depreciation and amortization 787 767 2,338 2,236
Taxes other than income taxes 319 303 990 941
Estimated loss on plants under construction 1 34 1,105 3,155
Gain on dispositions, net (353) 0 (317) (19)
Impairment charges 36 0 197 0
Goodwill impairment     42  
Total operating expenses 3,985 4,210 14,545 15,809
Operating Income (Loss) 2,174 1,991 3,613 1,594
Other Income and (Expense):        
Allowance for equity funds used during construction 36 18 99 133
Earnings from equity method investments 36 32 108 100
Interest expense, net of amounts capitalized (458) (407) (1,386) (1,248)
Other income (expense), net 57 65 195 165
Total other income and (expense) (329) (292) (984) (850)
Earnings (Loss) Before Income Taxes 1,845 1,699 2,629 744
Income taxes 623 590 598 317
Consolidated net income (loss) 1,222 1,109 2,031 427
Dividends on preferred and preference stock of subsidiaries 4 10 12 32
Net income attributable to noncontrolling interests 54 30 71 48
Net Income (Loss) $ 1,164 $ 1,069 $ 1,948 $ 347
Earnings per share -        
Basic (in dollars per share) $ 1.14 $ 1.07 $ 1.92 $ 0.35
Diluted (in dollars per share) $ 1.13 $ 1.06 $ 1.91 $ 0.35
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,023 1,003 1,016 998
Diluted (in shares) 1,029 1,010 1,021 1,005
Cash dividends paid per share of common stock (in dollars per share) $ 0.60 $ 0.58 $ 1.78 $ 1.72
Retail electric revenues        
Operating Revenues:        
Total operating revenues $ 4,605 $ 4,615 $ 11,913 $ 11,786
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 693 718 1,923 1,867
Other electric revenues        
Operating Revenues:        
Total operating revenues 170 168 509 510
Natural gas        
Operating Revenues:        
Total operating revenues 492 532 2,806 2,746
Operating Expenses:        
Cost of goods and services sold 104 134 1,053 1,085
Alternative revenue programs        
Operating Revenues:        
Total operating revenues 5 0 (23) 9
Other        
Operating Revenues:        
Total operating revenues 199 168 1,007 494
Operating Expenses:        
Cost of goods and services sold 120 90 688 293
Fuel        
Operating Expenses:        
Cost of goods and services sold 1,310 1,285 3,514 3,372
Purchased power        
Operating Expenses:        
Cost of goods and services sold 257 256 760 646
ALABAMA POWER CO        
Operating Revenues:        
Total operating revenues 1,740 1,740 4,716 4,606
Operating Expenses:        
Other operations and maintenance 401 406 1,191 1,177
Depreciation and amortization 192 185 570 549
Taxes other than income taxes 97 93 289 284
Total operating expenses 1,179 1,139 3,403 3,203
Operating Income (Loss) 561 601 1,313 1,403
Other Income and (Expense):        
Allowance for equity funds used during construction 16 11 43 27
Interest expense, net of amounts capitalized (82) (76) (240) (229)
Other income (expense), net 9 10 24 35
Total other income and (expense) (57) (55) (173) (167)
Earnings (Loss) Before Income Taxes 504 546 1,140 1,236
Income taxes 127 216 272 493
Consolidated net income (loss) 377 330 868 743
Dividends on preferred and preference stock of subsidiaries 4 5 11 14
Net Income (Loss) 373 325 857 729
ALABAMA POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 1,584 1,595 4,208 4,155
ALABAMA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 74 77 213 210
ALABAMA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 14 18 96 83
ALABAMA POWER CO | Other        
Operating Revenues:        
Total operating revenues 68 50 199 158
ALABAMA POWER CO | Fuel        
Operating Expenses:        
Cost of goods and services sold 356 343 1,028 944
ALABAMA POWER CO | Purchased power        
Operating Expenses:        
Cost of goods and services sold 64 57 176 132
ALABAMA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Cost of goods and services sold 69 55 149 117
GEORGIA POWER CO        
Operating Revenues:        
Total operating revenues 2,593 2,546 6,601 6,426
Operating Expenses:        
Other operations and maintenance 460 430 1,325 1,248
Depreciation and amortization 232 225 690 669
Taxes other than income taxes 118 112 332 311
Estimated loss on plants under construction 0 0 1,060 0
Total operating expenses 1,602 1,529 5,569 4,305
Operating Income (Loss) 991 1,017 1,032 2,121
Other Income and (Expense):        
Allowance for equity funds used during construction     50 29
Interest expense, net of amounts capitalized (95) (105) (303) (310)
Other income (expense), net 30 22 104 95
Total other income and (expense) (65) (83) (199) (215)
Earnings (Loss) Before Income Taxes 926 934 833 1,906
Income taxes 262 350 212 705
Consolidated net income (loss) 664 584 621 1,201
Dividends on preferred and preference stock of subsidiaries 0 4 0 13
Net Income (Loss) 664 580 621 1,188
GEORGIA POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 2,425 2,402 6,112 5,995
GEORGIA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 43 45 123 124
GEORGIA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 4 6 17 23
GEORGIA POWER CO | Other        
Operating Revenues:        
Total operating revenues 121 93 349 284
GEORGIA POWER CO | Fuel        
Operating Expenses:        
Cost of goods and services sold 480 482 1,269 1,297
GEORGIA POWER CO | Purchased power        
Operating Expenses:        
Cost of goods and services sold 106 119 338 310
GEORGIA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Cost of goods and services sold 206 161 555 470
GULF POWER CO        
Operating Revenues:        
Total operating revenues 414 437 1,106 1,144
Operating Expenses:        
Other operations and maintenance 82 84 248 260
Depreciation and amortization 48 42 142 95
Taxes other than income taxes 33 33 91 88
Loss on Plant Scherer Unit 3 0 0 0 33
Total operating expenses 339 324 921 915
Operating Income (Loss) 75 113 185 229
Other Income and (Expense):        
Interest expense, net of amounts capitalized (13) (13) (39) (37)
Other income (expense), net (3) 3 0 7
Total other income and (expense) (16) (10) (39) (30)
Earnings (Loss) Before Income Taxes 59 103 146 199
Income taxes (4) 40 (1) 78
Consolidated net income (loss) 63 63 147 121
Dividends on preferred and preference stock of subsidiaries 0 0 0 4
Net Income (Loss) 63 63 147 117
GULF POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 341 375 932 972
GULF POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 15 14 41 44
GULF POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 40 28 83 75
GULF POWER CO | Other        
Operating Revenues:        
Total operating revenues 18 20 50 53
GULF POWER CO | Fuel        
Operating Expenses:        
Cost of goods and services sold 132 127 305 323
GULF POWER CO | Purchased power        
Operating Expenses:        
Cost of goods and services sold 44 38 135 116
MISSISSIPPI POWER CO        
Operating Revenues:        
Total operating revenues 358 341 956 915
Operating Expenses:        
Other operations and maintenance 80 68 222 213
Depreciation and amortization 42 39 126 120
Taxes other than income taxes 28 25 83 77
Estimated loss on plants under construction 1 34 45 3,155
Total operating expenses 278 292 815 3,886
Operating Income (Loss) 80 49 141 (2,971)
Other Income and (Expense):        
Allowance for equity funds used during construction 0 1 0 72
Interest expense, net of amounts capitalized (19) 13 (59) (23)
Other income (expense), net 0 1 28 4
Total other income and (expense) (19) 15 (31) 53
Earnings (Loss) Before Income Taxes 61 64 110 (2,918)
Income taxes 14 24 23 (885)
Consolidated net income (loss) 47 40 87 (2,033)
Dividends on preferred and preference stock of subsidiaries 0 0 1 1
Net Income (Loss) 47 40 86 (2,034)
MISSISSIPPI POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 254 243 660 665
MISSISSIPPI POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 65 72 184 196
MISSISSIPPI POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 28 21 81 40
MISSISSIPPI POWER CO | Other        
Operating Revenues:        
Total operating revenues 11 5 31 14
MISSISSIPPI POWER CO | Fuel        
Operating Expenses:        
Cost of goods and services sold 116 120 312 301
MISSISSIPPI POWER CO | Purchased power        
Operating Expenses:        
Cost of goods and services sold 11 6 27 20
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 635 618 1,699 1,597
Operating Expenses:        
Other operations and maintenance 94 83 278 272
Depreciation and amortization 130 131 370 379
Taxes other than income taxes 12 13 36 37
Impairment charges 36 0 155 0
Total operating expenses 499 459 1,487 1,261
Operating Income (Loss) 136 159 212 336
Other Income and (Expense):        
Interest expense, net of amounts capitalized (45) (47) (138) (144)
Other income (expense), net 17 3 22 3
Total other income and (expense) (28) (44) (116) (141)
Earnings (Loss) Before Income Taxes 108 115 96 195
Income taxes (38) (39) (210) (129)
Consolidated net income (loss) 146 154 306 324
Net income attributable to noncontrolling interests 54 30 71 48
Net Income (Loss) 92 124 235 276
SOUTHERN POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 496 510 1,363 1,293
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 134 105 326 295
SOUTHERN POWER CO | Other        
Operating Revenues:        
Total operating revenues 5 3 10 9
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Cost of goods and services sold 190 189 511 460
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Cost of goods and services sold 37 43 137 113
SOUTHERN Co GAS        
Operating Revenues:        
Total operating revenues 492 565 2,861 2,841
Operating Expenses:        
Other operations and maintenance 216 206 730 675
Depreciation and amortization 119 125 374 370
Taxes other than income taxes 32 26 157 140
Gain on dispositions, net (353) 0 (317) 0
Goodwill impairment 0 0 42 0
Total operating expenses 118 498 2,051 2,290
Operating Income (Loss) 374 67 810 551
Other Income and (Expense):        
Earnings from equity method investments 34 32 108 100
Interest expense, net of amounts capitalized (52) (51) (170) (145)
Other income (expense), net 6 19 21 30
Total other income and (expense) (12) 0 (41) (15)
Earnings (Loss) Before Income Taxes 362 67 769 536
Income taxes 316 52 475 233
Consolidated net income (loss) 46 15 294 303
Net Income (Loss) 46 15 294 303
SOUTHERN Co GAS | Natural gas        
Operating Revenues:        
Total operating revenues 487 532 2,829 2,737
Operating Expenses:        
Cost of goods and services sold 104 134 1,053 1,085
SOUTHERN Co GAS | Alternative revenue programs        
Operating Revenues:        
Total operating revenues 5 0 (23) 9
SOUTHERN Co GAS | Other        
Operating Revenues:        
Total operating revenues 0 33 55 95
Operating Expenses:        
Cost of goods and services sold $ 0 $ 7 $ 12 $ 20