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Condensed Consolidated Balance Sheets (Unaudited) - SPC - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,724 $ 1,798
Receivables —    
Customer accounts 2,277 1,806
Other accounts and notes 534 523
Materials and supplies 1,641 1,543
Other current assets 212 231
Total current assets 9,781 8,965
Property, Plant, and Equipment:    
In service 117,418 115,592
Less: Accumulated depreciation 35,203 34,079
Plant in service, net of depreciation 82,215 81,513
Construction work in progress 9,770 8,771
Total property, plant, and equipment 92,822 91,108
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,305 1,282
Total other property and investments 9,736 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,623 1,701
Other deferred charges and assets 2,393 1,776
Total deferred charges and other assets 18,430 17,259
Total Assets 130,769 127,534
Current Liabilities:    
Securities due within one year 1,052 2,157
Notes payable 2,510 1,440
Accounts payable —    
Accrued interest 553 533
Other current liabilities 1,062 872
Total current liabilities 11,487 10,921
Long-term Debt 51,204 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,620 8,862
Accumulated deferred ITCs 2,175 2,216
Operating lease obligations, deferred 1,464 1,503
Other deferred credits and liabilities 1,198 816
Total deferred credits and other liabilities 34,823 33,926
Total Liabilities 97,514 94,967
Total Stockholders' Equity (See accompanying statements) 33,013 32,276
Total Liabilities and Stockholders' Equity 130,769 127,534
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 202 107
Receivables —    
Customer accounts 278 139
Affiliated 83 51
Other accounts and notes 19 29
Materials and supplies 108 106
Prepaid income taxes 5 27
Other current assets 48 46
Total current assets 743 505
Property, Plant, and Equipment:    
In service 14,637 14,585
Less: Accumulated depreciation 3,462 3,241
Plant in service, net of depreciation 11,175 11,344
Construction work in progress 34 45
Total property, plant, and equipment 11,209 11,389
Other Property and Investments:    
Intangible assets, net of amortization 274 282
Equity investments in unconsolidated subsidiaries 49 86
Net investment in sales-type leases 156 161
Total other property and investments 479 529
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 493 479
Prepaid LTSAs 192 210
Other deferred charges and assets 286 278
Total deferred charges and other assets 971 967
Total Assets 13,402 13,390
Current Liabilities:    
Securities due within one year 0 679
Notes payable 306 211
Accounts payable —    
Affiliated 192 92
Other 77 85
Accrued taxes 56 14
Accrued interest 24 32
Other current liabilities 89 140
Total current liabilities 744 1,253
Long-term Debt 2,964 3,009
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 471 215
Accumulated deferred ITCs 1,585 1,614
Operating lease obligations, deferred 514 497
Other deferred credits and liabilities 245 204
Total deferred credits and other liabilities 2,815 2,530
Total Liabilities 6,523 6,792
Total Stockholders' Equity (See accompanying statements) 6,879 6,598
Total Liabilities and Stockholders' Equity $ 13,402 $ 13,390