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Statements of Cash Flows - MPC - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Consolidated net income $ 2,309,000 $ 3,103,000 $ 4,744,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 3,973,000 3,905,000 3,331,000
Deferred income taxes (49,000) (241,000) 611,000
Pension and postretirement funding 0 (2,000) (1,136,000)
Settlement of asset retirement obligations (456,000) (442,000) (328,000)
Other, net 86,000 (74,000) 115,000
Changes in certain current assets and liabilities —      
-Receivables (81,000) (222,000) 630,000
-Other current assets (170,000) (161,000) 12,000
-Accounts payable (8,000) (27,000) (693,000)
-Accrued taxes (54,000) 242,000 117,000
-Other current liabilities (49,000) 76,000 (73,000)
Net cash provided from operating activities 6,169,000 6,696,000 5,781,000
Investing Activities:      
Property additions (7,240,000) (7,441,000) (7,555,000)
Payments pursuant to LTSAs (188,000) (211,000) (234,000)
Other investing activities 74,000 (16,000) (107,000)
Net cash used for investing activities (7,353,000) (7,030,000) (3,392,000)
Financing Activities:      
Increase (decrease) in notes payable, net 530,000   640,000
Increase (decrease) in notes payable, net   (1,096,000)  
Proceeds —      
Short-term borrowings 325,000 615,000 350,000
Redemptions and repurchases —      
Short-term borrowings (25,000) (840,000) (1,850,000)
Payment of common stock dividends (2,777,000) (2,685,000) (2,570,000)
Other financing activities (266,000) (325,000) (157,000)
Net cash provided from (used for) financing activities 1,945,000 (576,000) (1,930,000)
Net Change in Cash, Cash Equivalents, and Restricted Cash 761,000 (910,000) 459,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 1,068,000 1,978,000 1,519,000
Cash, Cash Equivalents, and Restricted Cash at End of Year 1,829,000 1,068,000 1,978,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 1,718,000 1,683,000 1,651,000
Income taxes, net 93,000 64,000 276,000
Noncash transactions —      
Accrued property additions at year-end 866,000 989,000 932,000
Mississippi Power      
Operating Activities:      
Consolidated net income 159,000 152,000 139,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 213,000 191,000 197,000
Deferred income taxes (4,000) (4,000) 37,000
Pension and postretirement funding 0 0 (54,000)
Settlement of asset retirement obligations (24,000) (22,000) (35,000)
Other, net (33,000) (1,000) 35,000
Changes in certain current assets and liabilities —      
-Receivables 9,000 (7,000) 6,000
-Prepaid income taxes 3,000 (3,000) 12,000
-Other current assets (9,000) (28,000) (8,000)
-Accounts payable (35,000) 20,000 3,000
-Accrued taxes 6,000 10,000 11,000
-Over recovered regulatory clause revenues (34,000) 5,000 16,000
-Other current liabilities (5,000) (15,000) (20,000)
Net cash provided from operating activities 246,000 298,000 339,000
Investing Activities:      
Property additions (213,000) (274,000) (202,000)
Payments pursuant to LTSAs (29,000) (28,000) (23,000)
Contributions in aid of construction 15,000 0 0
Other investing activities (30,000) (21,000) (38,000)
Net cash used for investing activities (257,000) (323,000) (263,000)
Financing Activities:      
Increase (decrease) in notes payable, net   25,000  
Increase (decrease) in notes payable, net (25,000)   0
Proceeds —      
Senior notes 525,000 0 0
Short-term borrowings 0 40,000 0
Pollution control revenue bonds 0 34,000 43,000
Other long-term debt 0 100,000 0
Redemptions and repurchases —      
Senior notes 0 (275,000) (25,000)
Short-term borrowings 0 (40,000) 0
Pollution control revenue bonds 0 (41,000) 0
Other revenue bonds (320,000) 0 0
Other long-term debt (100,000) 0 0
Capital contributions from parent company 120,000 85,000 51,000
Return of capital to parent company 0 (74,000) (150,000)
Payment of common stock dividends (157,000) (74,000) 0
Other financing activities (10,000) (2,000) (2,000)
Net cash provided from (used for) financing activities 33,000 (222,000) (83,000)
Net Change in Cash, Cash Equivalents, and Restricted Cash 22,000 (247,000) (7,000)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 39,000 286,000 293,000
Cash, Cash Equivalents, and Restricted Cash at End of Year 61,000 39,000 286,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 58,000 63,000 71,000
Income taxes, net 16,000 28,000 (27,000)
Noncash transactions —      
Accrued property additions at year-end $ 25,000 $ 34,000 $ 35,000