XML 64 R35.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - SPC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net income (loss) $ 991 $ 1,107
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 989 964
Deferred income taxes 40 140
Gain on dispositions, net (20) (41)
Other, net 7 114
Changes in certain current assets and liabilities —    
-Receivables (217) 308
-Other current assets 87 90
-Accounts payable 132 (216)
-Accrued taxes (58) (212)
-Other current liabilities 35 (63)
Net cash provided from operating activities 1,592 1,242
Investing Activities:    
Business acquisitions, net of cash acquired 0 (345)
Property additions (1,419) (1,678)
Payments pursuant to LTSAs (37) (60)
Other investing activities 110 45
Net cash used for investing activities (1,555) (2,243)
Financing Activities:    
Increase in notes payable 137 182
Proceeds —    
Capital contributions from noncontrolling interests 73 313
Distributions to noncontrolling interests (97) (46)
Payment of common stock dividends (702) (678)
Other financing activities (115) (117)
Net cash provided from (used for) financing activities (193) 1,734
Net Change in Cash, Cash Equivalents, and Restricted Cash (156) 733
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 1,829 1,068
Cash, Cash Equivalents, and Restricted Cash at End of Period 1,673 1,801
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 515 519
Income taxes, net (8) (51)
Noncash transactions —    
Contributions from noncontrolling interests 0 89
Contributions of wind turbine equipment 0 82
Accrued property additions at year-end 863 872
Reassessment of right-of-use assets under operating leases 40 0
Southern Power    
Operating Activities:    
Net income (loss) 27 65
Adjustments to reconcile net income to net cash provided from operating activities —    
Depreciation and amortization, total 126 125
Deferred income taxes 12 (8)
Amortization of investment tax credits (15) (15)
Gain on dispositions, net (2) (39)
Other, net (3) (4)
Changes in certain current assets and liabilities —    
-Receivables 11 23
-Prepaid income taxes (8) 16
-Other current assets 0 3
-Accounts payable (21) 19
-Accrued taxes 7 5
-Other current liabilities (17) (3)
Net cash provided from operating activities 117 187
Investing Activities:    
Business acquisitions, net of cash acquired 0 (345)
Property additions (19) (147)
Proceeds from dispositions 29 17
Change in construction payables (31) (7)
Payments pursuant to LTSAs (15) (27)
Other investing activities (1) 5
Net cash used for investing activities (37) (504)
Financing Activities:    
Increase (decrease) in notes payable, net (3)  
Increase in notes payable   140
Proceeds —    
Senior notes 0 400
Return of capital to parent company 0 (271)
Capital contributions from noncontrolling interests 73 313
Distributions to noncontrolling interests (97) (46)
Payment of common stock dividends (49) (51)
Other financing activities 0 (7)
Net cash provided from (used for) financing activities (76) 478
Net Change in Cash, Cash Equivalents, and Restricted Cash 4 161
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 135 182
Cash, Cash Equivalents, and Restricted Cash at End of Period 139 343
Supplemental Cash Flow Information:    
Interest, net of amounts capitalized 29 26
Income taxes, net (8) (2)
Noncash transactions —    
Contributions from noncontrolling interests 0 89
Contributions of wind turbine equipment 0 82
Accrued property additions at year-end 46 60
Right-of-use assets obtained under operating leases 0 65
Reassessment of right-of-use assets under operating leases $ 40 $ 0