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Consolidated Statements of Cash Flows - SPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Consolidated net income $ 2,309 $ 3,103 $ 4,744
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 3,973 3,905 3,331
Deferred income taxes (49) (241) 611
Utilization of federal investment tax credits 288 341 757
Amortization of investment tax credits (84) (84) (181)
Pension and postretirement funding 0 (2) (1,136)
Gain on dispositions, net (176) (66) (2,588)
Other, net 86 (74) 115
Changes in certain current assets and liabilities —      
-Receivables (81) (222) 630
-Other current assets (170) (161) 12
-Accrued taxes (54) 242 117
-Other current liabilities (49) 76 (73)
Net cash provided from operating activities 6,169 6,696 5,781
Investing Activities:      
Business acquisitions, net of cash acquired (345) (81) (50)
Property additions (7,240) (7,441) (7,555)
Proceeds from dispositions 917 1,049 5,122
Payments pursuant to LTSAs (188) (211) (234)
Other investing activities 74 (16) (107)
Net cash used for investing activities (7,353) (7,030) (3,392)
Financing Activities:      
Increase (decrease) in notes payable, net 530   640
Increase (decrease) in notes payable, net   (1,096)  
Proceeds —      
Short-term borrowings 325 615 350
Redemptions and repurchases —      
Short-term borrowings (25) (840) (1,850)
Capital contributions from noncontrolling interests 501 363 196
Distributions to noncontrolling interests (351) (271) (256)
Payment of common stock dividends (2,777) (2,685) (2,570)
Other financing activities (266) (325) (157)
Net cash provided from (used for) financing activities 1,945 (576) (1,930)
Net Change in Cash, Cash Equivalents, and Restricted Cash 761 (910) 459
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 1,068 1,978 1,519
Cash, Cash Equivalents, and Restricted Cash at End of Year 1,829 1,068 1,978
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 1,718 1,683 1,651
Income taxes, net 93 64 276
Noncash transactions —      
Accrued property additions at year-end 866 989 932
Contributions from noncontrolling interests 89 12 80
Contributions of wind turbine equipment 82 17 26
Southern Power      
Operating Activities:      
Consolidated net income 167 207 329
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 542 519 505
Deferred income taxes 55 (25) (74)
Utilization of federal investment tax credits 288 340 734
Amortization of investment tax credits (58) (59) (151)
Income taxes receivable, non-current 5 (20) 25
Pension and postretirement funding 0 0 (24)
Gain on dispositions, net (41) (39) (24)
Loss on sales-type leases 40 0 0
Other, net (6) (5) (6)
Changes in certain current assets and liabilities —      
-Receivables (44) (4) 72
-Prepaid income taxes (16) 20 39
-Other current assets (14) (30) (8)
-Accrued taxes (6) 11 6
-Other current liabilities 39 (14) (38)
Net cash provided from operating activities 951 901 1,385
Investing Activities:      
Business acquisitions, net of cash acquired (345) (81) (50)
Property additions (396) (223) (489)
Change in construction payables (15) 31 7
Investments in unconsolidated subsidiaries 0 0 (116)
Proceeds from dispositions 24 666 572
Payments pursuant to LTSAs (82) (76) (104)
Other investing activities 11 57 13
Net cash used for investing activities (803) 374 (167)
Financing Activities:      
Increase (decrease) in notes payable, net 36   449
Increase (decrease) in notes payable, net   (274)  
Proceeds —      
Senior notes 400 0 0
Short-term borrowings 0 0 100
Redemptions and repurchases —      
Senior notes (300) (825) (600)
Short-term borrowings 0 (100) (100)
Capital contributions from parent company 8 6 64
Return of capital to parent company (271) 0 (755)
Capital contributions from noncontrolling interests 501 363 196
Distributions to noncontrolling interests (351) (271) (256)
Purchase of membership interests from noncontrolling interests 0 (60) 0
Payment of common stock dividends (204) (201) (206)
Other financing activities (14) (10) (12)
Net cash provided from (used for) financing activities (195) (1,372) (1,120)
Net Change in Cash, Cash Equivalents, and Restricted Cash (47) (97) 98
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 182 279 181
Cash, Cash Equivalents, and Restricted Cash at End of Year 135 182 279
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 140 147 167
Income taxes, net (275) (283) (664)
Noncash transactions —      
Accrued property additions at year-end 72 89 57
Contributions from noncontrolling interests 89 12 80
Contributions of wind turbine equipment $ 82 $ 17 $ 26