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Condensed Statements of Income (Unaudited) - APC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 7,206 $ 5,198 $ 13,854 $ 11,108
Operating Expenses:        
Other operations and maintenance 1,558 1,438 3,075 2,810
Depreciation and amortization 913 891 1,805 1,762
Taxes other than income taxes 349 313 721 657
Total operating expenses 5,551 4,490 10,815 8,802
Operating Income 1,655 708 3,039 2,306
Other Income and (Expense):        
Allowance for equity funds used during construction 53 45 104 90
Interest expense, net of amounts capitalized (488) (450) (950) (901)
Total other income (expense), net 139 101 283 160
Total other income and (expense) (262) (344) (483) (646)
Earnings (Loss) Before Income Taxes 1,393 364 2,556 1,660
Income taxes (benefit) 304 (12) 477 178
Net income 1,089 376 2,079 1,482
Dividends on preferred stock of subsidiaries 4 4 7 7
Net Income 1,107 372 2,139 1,508
Retail electric revenues        
Operating Revenues:        
Total operating revenues 4,789 3,599 8,402 6,941
Wholesale Electric        
Operating Revenues:        
Total operating revenues 937 546 1,601 1,091
Other electric revenues        
Operating Revenues:        
Total operating revenues 192 175 370 346
Natural Gas        
Operating Revenues:        
Total operating revenues 1,083 677 3,140 2,371
Other revenues        
Operating Revenues:        
Total operating revenues 205 201 341 359
Operating Expenses:        
Total cost of sales 114 103 183 185
Fuel        
Operating Expenses:        
Total cost of sales 1,715 848 2,826 1,696
Purchased power        
Operating Expenses:        
Total cost of sales 408 217 640 424
Alabama Power        
Operating Revenues:        
Total operating revenues 1,931 1,556 3,580 3,115
Operating Expenses:        
Other operations and maintenance 441 413 852 775
Depreciation and amortization 218 214 432 425
Taxes other than income taxes 100 101 204 203
Total operating expenses 1,376 1,078 2,530 2,123
Operating Income 555 478 1,050 992
Other Income and (Expense):        
Allowance for equity funds used during construction 17 12 33 24
Interest expense, net of amounts capitalized (91) (84) (180) (168)
Total other income (expense), net 27 33 61 62
Total other income and (expense) (47) (39) (86) (82)
Earnings (Loss) Before Income Taxes 508 439 964 910
Income taxes (benefit) 121 104 227 213
Net income 387 335 737 697
Dividends on preferred stock of subsidiaries 4 4 7 7
Net Income 383 331 730 690
Alabama Power | Retail electric revenues        
Operating Revenues:        
Total operating revenues 1,629 1,354 3,008 2,706
Alabama Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 159 85 272 178
Alabama Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 34 24 100 55
Alabama Power | Other revenues        
Operating Revenues:        
Total operating revenues 109 93 200 176
Alabama Power | Fuel        
Operating Expenses:        
Total cost of sales 401 263 733 554
Alabama Power | Purchased power        
Operating Expenses:        
Total cost of sales 95 48 162 97
Alabama Power | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales $ 121 $ 39 $ 147 $ 69