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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues:        
Operating revenues $ 5,198 $ 4,620 $ 11,108 $ 9,638
Operating Expenses:        
Total cost of sales 231 144 814 583
Other operations and maintenance 1,438 1,203 2,810 2,498
Depreciation and amortization 891 873 1,762 1,730
Taxes other than income taxes 313 298 657 629
Estimated loss on Plant Vogtle Units 3 and 4 460 149 508 149
(Gain) loss on dispositions, net (11) 0 (54) (39)
Total operating expenses 4,490 3,562 8,802 7,317
Operating Income 708 1,058 2,306 2,321
Other Income and (Expense):        
Allowance for equity funds used during construction 45 35 90 68
Earnings (loss) from equity method investments (40) 30 5 72
Interest expense, net of amounts capitalized (450) (444) (901) (900)
Impairment of leveraged leases (7) (154) (7) (154)
Other income (expense), net 108 101 167 204
Total other income and (expense) (344) (432) (646) (710)
Earnings (Loss) Before Income Taxes 364 626 1,660 1,611
Income taxes (benefit) (12) 5 178 150
Consolidated Net Income 376 621 1,482 1,461
Dividends on preferred stock of subsidiaries 4 4 7 7
Net income (loss) attributable to noncontrolling interests 0 5 (33) (26)
Net Income $ 372 $ 612 $ 1,508 $ 1,480
Earnings per share -        
Basic (in dollars per share) $ 0.35 $ 0.58 $ 1.42 $ 1.40
Diluted (in dollars per share) $ 0.35 $ 0.58 $ 1.41 $ 1.39
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,061 1,058 1,060 1,057
Diluted (in shares) 1,067 1,063 1,066 1,065
Retail electric revenues        
Operating Revenues:        
Operating revenues $ 3,599 $ 3,182 $ 6,941 $ 6,260
Wholesale electric revenues        
Operating Revenues:        
Operating revenues 546 472 1,091 889
Other electric revenues        
Operating Revenues:        
Operating revenues 175 168 346 320
Natural gas        
Operating Revenues:        
Operating revenues 677 636 2,371 1,885
Operating Expenses:        
Total cost of sales 231 144 814 583
Other        
Operating Revenues:        
Operating revenues 201 162 359 284
Operating Expenses:        
Total cost of sales 103 74 185 129
Fuel        
Operating Expenses:        
Total cost of sales 848 621 1,696 1,257
Purchased power        
Operating Expenses:        
Total cost of sales 217 200 424 381
Alternative revenue programs        
Operating Revenues:        
Operating revenues 2 (2) 4 7
ALABAMA POWER CO        
Operating Revenues:        
Operating revenues 1,556 1,365 3,115 2,716
Operating Expenses:        
Other operations and maintenance 413 342 775 690
Depreciation and amortization 214 202 425 402
Taxes other than income taxes 101 102 203 208
Total operating expenses 1,078 924 2,123 1,853
Operating Income 478 441 992 863
Other Income and (Expense):        
Allowance for equity funds used during construction 12 11 24 22
Interest expense, net of amounts capitalized (84) (83) (168) (171)
Other income (expense), net 33 26 62 48
Total other income and (expense) (39) (46) (82) (101)
Earnings (Loss) Before Income Taxes 439 395 910 762
Income taxes (benefit) 104 93 213 177
Consolidated Net Income 335 302 697 585
Dividends on preferred stock of subsidiaries 4 4 7 7
Net Income 331 298 690 578
ALABAMA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 1,354 1,223 2,706 2,427
ALABAMA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 85 54 178 111
ALABAMA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 24 7 55 26
ALABAMA POWER CO | Other        
Operating Revenues:        
Operating revenues 93 81 176 152
ALABAMA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 263 199 554 415
ALABAMA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 48 49 97 89
ALABAMA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 39 30 69 49
GEORGIA POWER CO        
Operating Revenues:        
Operating revenues 2,225 1,928 4,195 3,754
Operating Expenses:        
Other operations and maintenance 542 463 1,015 928
Depreciation and amortization 342 354 680 707
Taxes other than income taxes 118 108 235 221
Estimated loss on Plant Vogtle Units 3 and 4 460 149 508 149
Total operating expenses 2,098 1,555 3,667 2,976
Operating Income 127 373 528 778
Other Income and (Expense):        
Allowance for equity funds used during construction 30 20 61 40
Interest expense, net of amounts capitalized (106) (105) (210) (216)
Other income (expense), net 42 31 83 63
Total other income and (expense) (34) (54) (66) (113)
Earnings (Loss) Before Income Taxes 93 319 462 665
Income taxes (benefit) (50) 11 (32) 27
Consolidated Net Income 143 308 494 638
GEORGIA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 2,026 1,760 3,813 3,435
GEORGIA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 36 25 80 51
GEORGIA POWER CO | Other        
Operating Revenues:        
Operating revenues 163 143 302 268
GEORGIA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 343 226 656 458
GEORGIA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 144 133 288 262
GEORGIA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 149 122 285 251
MISSISSIPPI POWER CO        
Operating Revenues:        
Operating revenues 303 283 610 559
Operating Expenses:        
Other operations and maintenance 76 67 144 142
Depreciation and amortization 44 46 91 88
Taxes other than income taxes 32 30 63 59
Total operating expenses 254 233 506 463
Operating Income 49 50 104 96
Other Income and (Expense):        
Interest expense, net of amounts capitalized (14) (15) (29) (31)
Other income (expense), net 11 6 20 14
Total other income and (expense) (3) (9) (9) (17)
Earnings (Loss) Before Income Taxes 46 41 95 79
Income taxes (benefit) 8 2 12 8
Consolidated Net Income 38 39 83 71
MISSISSIPPI POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 219 199 422 398
MISSISSIPPI POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 54 52 117 103
MISSISSIPPI POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 25 25 57 47
MISSISSIPPI POWER CO | Other        
Operating Revenues:        
Operating revenues 5 7 14 11
MISSISSIPPI POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 91 83 192 162
MISSISSIPPI POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 11 7 16 12
SOUTHERN POWER CO        
Operating Revenues:        
Operating revenues 490 439 930 814
Operating Expenses:        
Other operations and maintenance 111 77 211 156
Depreciation and amortization 132 121 251 239
Taxes other than income taxes 12 10 24 19
(Gain) loss on dispositions, net 0 0 (39) (39)
Total operating expenses 420 328 774 616
Operating Income 70 111 156 198
Other Income and (Expense):        
Interest expense, net of amounts capitalized (37) (38) (75) (77)
Other income (expense), net 1 1 8 4
Total other income and (expense) (36) (37) (67) (73)
Earnings (Loss) Before Income Taxes 34 74 89 125
Income taxes (benefit) (2) 6 (11) 13
Consolidated Net Income 36 68 100 112
Net income (loss) attributable to noncontrolling interests 0 5 (33) (26)
Net Income 36 63 133 138
SOUTHERN POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 373 343 728 629
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 112 92 193 178
SOUTHERN POWER CO | Other        
Operating Revenues:        
Operating revenues 5 4 9 7
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 140 102 281 209
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 25 18 46 32
SOUTHERN Co GAS        
Operating Revenues:        
Operating revenues $ 677 $ 636 $ 2,371 $ 1,885
Operating Expenses:        
Cost, Product and Service [Extensible Enumeration] Natural gas Natural gas Natural gas Natural gas
Other operations and maintenance $ 233 $ 220 $ 532 $ 479
Depreciation and amortization 133 123 263 243
Taxes other than income taxes 49 47 130 118
Total operating expenses 646 534 1,739 1,423
Operating Income 31 102 632 462
Other Income and (Expense):        
Earnings (loss) from equity method investments (52) 30 (11) 72
Interest expense, net of amounts capitalized (59) (57) (118) (114)
Other income (expense), net (14) 12 (78) 21
Total other income and (expense) (125) (15) (207) (21)
Earnings (Loss) Before Income Taxes (94) 87 425 441
Income taxes (benefit) (29) 16 92 95
Consolidated Net Income (65) 71 333 346
SOUTHERN Co GAS | Natural gas        
Operating Revenues:        
Operating revenues 675 638 2,367 1,878
Operating Expenses:        
Total cost of sales 231 144 814 583
SOUTHERN Co GAS | Alternative revenue programs        
Operating Revenues:        
Operating revenues $ 2 $ (2) $ 4 $ 7