Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
Mar. 31, 2017 |
Mar. 31, 2016 |
| Operating Activities: |
|
|
| Consolidated Net Income |
$ 665
|
$ 501
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
823
|
639
|
| Deferred income taxes |
161
|
(4)
|
| Allowance for equity funds used during construction |
(57)
|
(53)
|
| Stock based compensation expense |
61
|
58
|
| Estimated loss on Kemper IGCC |
108
|
53
|
| Mark-to-market adjustments |
(81)
|
(2)
|
| Other, net |
(11)
|
(6)
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
312
|
235
|
| -Prepayments |
(111)
|
(65)
|
| -Natural gas for sale, net of temporary LIFO liquidation |
411
|
0
|
| -Other current assets |
(31)
|
(7)
|
| -Accounts payable |
(533)
|
(72)
|
| -Accrued taxes |
(212)
|
(57)
|
| -Accrued compensation |
(438)
|
(332)
|
| -Retail fuel cost over recovery |
(122)
|
25
|
| -Other current liabilities |
(48)
|
(35)
|
| Net cash provided from operating activities |
897
|
878
|
| Investing Activities: |
|
|
| Business acquisitions, net of cash acquired |
(1,020)
|
(114)
|
| Property additions |
(1,488)
|
(1,872)
|
| Investment in restricted cash |
(13)
|
(289)
|
| Distribution of restricted cash |
26
|
292
|
| Nuclear decommissioning trust fund purchases |
(224)
|
(316)
|
| Nuclear decommissioning trust fund sales |
218
|
311
|
| Cost of removal, net of salvage |
(61)
|
(52)
|
| Change in construction payables, net |
(170)
|
(94)
|
| Investment in unconsolidated subsidiaries |
(81)
|
0
|
| Payments pursuant to LTSAs |
(55)
|
(49)
|
| Other investing activities |
65
|
(14)
|
| Net cash used for investing activities |
(2,803)
|
(2,197)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
573
|
294
|
| Proceeds — |
|
|
| Long-term debt |
1,409
|
1,997
|
| Common stock |
186
|
270
|
| Short-term borrowings |
4
|
0
|
| Redemptions and repurchases — |
|
|
| Long-term debt |
(608)
|
(888)
|
| Short-term borrowings |
0
|
(475)
|
| Distributions to noncontrolling interests |
(18)
|
(4)
|
| Capital contributions from noncontrolling interests |
71
|
131
|
| Purchase of membership interests from noncontrolling interests |
0
|
(129)
|
| Payment of common stock dividends |
(556)
|
(497)
|
| Other financing activities |
(36)
|
(30)
|
| Net cash provided from financing activities |
1,025
|
669
|
| Net Change in Cash and Cash Equivalents |
(881)
|
(650)
|
| Cash and Cash Equivalents at Beginning of Period |
1,975
|
1,404
|
| Cash and Cash Equivalents at End of Period |
1,094
|
754
|
| Cash paid (received) during the period for — |
|
|
| Interest |
461
|
224
|
| Income taxes, net |
(6)
|
(141)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
578
|
731
|
| Alabama Power [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
178
|
160
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
219
|
211
|
| Deferred income taxes |
59
|
68
|
| Allowance for equity funds used during construction |
(8)
|
(10)
|
| Other, net |
(3)
|
(14)
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
30
|
191
|
| -Fossil fuel stock |
10
|
(27)
|
| -Other current assets |
(87)
|
(87)
|
| -Accounts payable |
(214)
|
(143)
|
| -Accrued taxes |
77
|
66
|
| -Accrued compensation |
(96)
|
(75)
|
| -Retail fuel cost over recovery |
(36)
|
(1)
|
| -Other current liabilities |
(9)
|
(8)
|
| Net cash provided from operating activities |
128
|
341
|
| Investing Activities: |
|
|
| Property additions |
(306)
|
(313)
|
| Nuclear decommissioning trust fund purchases |
(63)
|
(105)
|
| Nuclear decommissioning trust fund sales |
63
|
105
|
| Cost of removal, net of salvage |
(26)
|
(31)
|
| Change in construction payables, net |
5
|
(15)
|
| Other investing activities |
(2)
|
(9)
|
| Net cash used for investing activities |
(329)
|
(368)
|
| Proceeds — |
|
|
| Senior notes |
550
|
400
|
| Capital contributions from parent company |
314
|
236
|
| Other long-term debt |
0
|
45
|
| Redemptions and repurchases — |
|
|
| Redemptions and repurchases — Senior notes |
(200)
|
(200)
|
| Payment of common stock dividends |
(179)
|
(191)
|
| Other financing activities |
(8)
|
(13)
|
| Net cash provided from financing activities |
477
|
277
|
| Net Change in Cash and Cash Equivalents |
276
|
250
|
| Cash and Cash Equivalents at Beginning of Period |
420
|
194
|
| Cash and Cash Equivalents at End of Period |
696
|
444
|
| Cash paid (received) during the period for — |
|
|
| Interest |
84
|
76
|
| Income taxes, net |
0
|
(162)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
90
|
106
|
| Georgia Power [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
264
|
273
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
271
|
261
|
| Deferred income taxes |
71
|
55
|
| Allowance for equity funds used during construction |
(13)
|
(14)
|
| Deferred expenses |
38
|
38
|
| Pension, postretirement, and other employee benefits |
(21)
|
(10)
|
| Settlement of asset retirement obligations |
(22)
|
(24)
|
| Other, net |
(29)
|
27
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
142
|
155
|
| -Fossil fuel stock |
(38)
|
36
|
| -Prepaid income taxes |
5
|
38
|
| -Other current assets |
(16)
|
12
|
| -Accounts payable |
(155)
|
4
|
| -Accrued taxes |
(235)
|
(235)
|
| -Accrued compensation |
(87)
|
(66)
|
| -Retail fuel cost over recovery |
(66)
|
14
|
| -Other current liabilities |
2
|
2
|
| Net cash provided from operating activities |
111
|
566
|
| Investing Activities: |
|
|
| Property additions |
(556)
|
(553)
|
| Nuclear decommissioning trust fund purchases |
(161)
|
(211)
|
| Nuclear decommissioning trust fund sales |
155
|
206
|
| Cost of removal, net of salvage |
(17)
|
(15)
|
| Change in construction payables, net of joint owner portion |
(36)
|
(101)
|
| Payments pursuant to LTSAs |
(22)
|
(11)
|
| Sale of property |
63
|
0
|
| Other investing activities |
8
|
(4)
|
| Net cash used for investing activities |
(566)
|
(689)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
(391)
|
(158)
|
| Proceeds — |
|
|
| Senior notes |
850
|
650
|
| Capital contributions from parent company |
345
|
218
|
| Redemptions and repurchases — |
|
|
| Pollution control revenue bonds |
0
|
(4)
|
| Redemptions and repurchases — Senior notes |
0
|
(250)
|
| Payment of common stock dividends |
(320)
|
(326)
|
| Other financing activities |
(11)
|
(14)
|
| Net cash provided from financing activities |
473
|
116
|
| Net Change in Cash and Cash Equivalents |
18
|
(7)
|
| Cash and Cash Equivalents at Beginning of Period |
3
|
67
|
| Cash and Cash Equivalents at End of Period |
21
|
60
|
| Cash paid (received) during the period for — |
|
|
| Interest |
88
|
86
|
| Income taxes, net |
(5)
|
(88)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
320
|
290
|
| Gulf Power [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
20
|
31
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
20
|
40
|
| Deferred income taxes |
5
|
9
|
| Loss on Plant Scherer Unit 3 |
33
|
0
|
| Other, net |
(2)
|
(1)
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
(1)
|
35
|
| -Fossil fuel stock |
12
|
15
|
| -Other current assets |
6
|
2
|
| -Accrued taxes |
(4)
|
13
|
| -Accrued compensation |
(23)
|
(18)
|
| -Over recovered regulatory clause revenues |
(18)
|
1
|
| -Other current liabilities |
2
|
5
|
| Net cash provided from operating activities |
50
|
132
|
| Investing Activities: |
|
|
| Property additions |
(46)
|
(32)
|
| Cost of removal, net of salvage |
(2)
|
(2)
|
| Change in construction payables, net |
(7)
|
(6)
|
| Other investing activities |
(2)
|
(2)
|
| Net cash used for investing activities |
(57)
|
(42)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
(168)
|
(85)
|
| Proceeds — |
|
|
| Capital contributions from parent company |
4
|
1
|
| Common stock |
175
|
0
|
| Redemptions and repurchases — |
|
|
| Payment of common stock dividends |
(31)
|
(30)
|
| Other financing activities |
3
|
(2)
|
| Net cash provided from financing activities |
(17)
|
(116)
|
| Net Change in Cash and Cash Equivalents |
(24)
|
(26)
|
| Cash and Cash Equivalents at Beginning of Period |
56
|
74
|
| Cash and Cash Equivalents at End of Period |
32
|
48
|
| Cash paid (received) during the period for — |
|
|
| Interest |
2
|
3
|
| Income taxes, net |
0
|
(25)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
26
|
15
|
| Mississippi Power [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
(20)
|
11
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
49
|
39
|
| Deferred income taxes |
(47)
|
(4)
|
| Allowance for equity funds used during construction |
(35)
|
(29)
|
| Estimated loss on Kemper IGCC |
108
|
53
|
| Other, net |
(3)
|
(4)
|
| Changes in certain current assets and liabilities — |
|
|
| -Other current assets |
18
|
43
|
| -Accounts payable |
(35)
|
(22)
|
| -Accrued taxes |
(46)
|
(60)
|
| -Accrued compensation |
(22)
|
(16)
|
| -Over recovered regulatory clause revenues |
(12)
|
9
|
| -Customer liability associated with Kemper refunds |
0
|
(51)
|
| -Other current liabilities |
5
|
8
|
| Net cash provided from operating activities |
(40)
|
(23)
|
| Investing Activities: |
|
|
| Property additions |
(186)
|
(197)
|
| Change in construction payables, net |
0
|
(7)
|
| Payments pursuant to LTSAs |
1
|
(5)
|
| Other investing activities |
(5)
|
(5)
|
| Net cash used for investing activities |
(190)
|
(214)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
9
|
0
|
| Proceeds — |
|
|
| Short-term borrowings |
4
|
0
|
| Long-term debt to parent company |
0
|
200
|
| Other long-term debt |
0
|
900
|
| Redemptions and repurchases — |
|
|
| Short-term borrowings |
0
|
(475)
|
| Other long-term debt |
0
|
(425)
|
| Other financing activities |
(1)
|
(2)
|
| Net cash provided from financing activities |
12
|
198
|
| Net Change in Cash and Cash Equivalents |
(218)
|
(39)
|
| Cash and Cash Equivalents at Beginning of Period |
224
|
98
|
| Cash and Cash Equivalents at End of Period |
6
|
59
|
| Cash paid (received) during the period for — |
|
|
| Interest |
13
|
12
|
| Income taxes, net |
0
|
(24)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
78
|
97
|
| Southern Power [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
66
|
51
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
127
|
75
|
| Deferred income taxes |
36
|
(132)
|
| Amortization of investment tax credits |
(14)
|
(7)
|
| Deferred revenues |
(27)
|
(26)
|
| Other, net |
5
|
9
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
(7)
|
(3)
|
| -Prepaid income taxes |
(21)
|
(31)
|
| -Other current assets |
(6)
|
1
|
| -Accounts payable |
(38)
|
(12)
|
| -Accrued taxes |
(40)
|
(37)
|
| -Other current liabilities |
15
|
2
|
| Net cash provided from operating activities |
96
|
(110)
|
| Investing Activities: |
|
|
| Business acquisitions, net of cash acquired |
(1,020)
|
(114)
|
| Property additions |
(69)
|
(767)
|
| Investment in restricted cash |
(13)
|
(289)
|
| Distribution of restricted cash |
26
|
292
|
| Change in construction payables, net |
(125)
|
31
|
| Payments pursuant to LTSAs |
(31)
|
(25)
|
| Other investing activities |
(3)
|
(1)
|
| Net cash used for investing activities |
(1,235)
|
(873)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
171
|
276
|
| Redemptions and repurchases — |
|
|
| Distributions to noncontrolling interests |
(18)
|
(4)
|
| Capital contributions from noncontrolling interests |
71
|
131
|
| Purchase of membership interests from noncontrolling interests |
0
|
(129)
|
| Payment of common stock dividends |
(79)
|
(68)
|
| Other financing activities |
(12)
|
0
|
| Net cash provided from financing activities |
133
|
206
|
| Net Change in Cash and Cash Equivalents |
(1,006)
|
(777)
|
| Cash and Cash Equivalents at Beginning of Period |
1,099
|
830
|
| Cash and Cash Equivalents at End of Period |
93
|
53
|
| Cash paid (received) during the period for — |
|
|
| Interest |
28
|
15
|
| Income taxes, net |
(1)
|
188
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
53
|
262
|
| Southern Company Gas [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
239
|
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
120
|
|
| Deferred income taxes |
46
|
|
| Pension, postretirement, and other employee benefits |
(6)
|
|
| Stock based compensation expense |
11
|
|
| Mark-to-market adjustments |
(82)
|
|
| Other, net |
21
|
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
117
|
|
| -Natural gas for sale, net of temporary LIFO liquidation |
411
|
|
| -Prepaid income taxes |
24
|
|
| -Other current assets |
19
|
|
| -Accounts payable |
(216)
|
|
| -Accrued taxes |
19
|
|
| -Accrued compensation |
(14)
|
|
| -Other current liabilities |
49
|
|
| Net cash provided from operating activities |
758
|
|
| Investing Activities: |
|
|
| Property additions |
(301)
|
|
| Cost of removal, net of salvage |
(11)
|
|
| Change in construction payables, net |
(12)
|
|
| Investment in unconsolidated subsidiaries |
(81)
|
|
| Other investing activities |
0
|
|
| Net cash used for investing activities |
(405)
|
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
(234)
|
|
| Redemptions and repurchases — First mortgage bonds |
0
|
|
| Redemptions and repurchases — |
|
|
| Distributions to noncontrolling interests |
0
|
|
| Payment of common stock dividends |
(111)
|
|
| Other financing activities |
1
|
|
| Net cash provided from financing activities |
(344)
|
|
| Net Change in Cash and Cash Equivalents |
9
|
|
| Cash and Cash Equivalents at Beginning of Period |
19
|
|
| Cash and Cash Equivalents at End of Period |
28
|
|
| Cash paid (received) during the period for — |
|
|
| Interest |
41
|
|
| Income taxes, net |
0
|
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
$ 53
|
|
| Predecessor [Member] | Southern Company Gas [Member] |
|
|
| Operating Activities: |
|
|
| Consolidated Net Income |
|
193
|
| Adjustments to reconcile consolidated net income to net cash provided from operating activities — |
|
|
| Depreciation and amortization, total |
|
102
|
| Deferred income taxes |
|
14
|
| Pension, postretirement, and other employee benefits |
|
1
|
| Stock based compensation expense |
|
5
|
| Mark-to-market adjustments |
|
5
|
| Other, net |
|
(11)
|
| Changes in certain current assets and liabilities — |
|
|
| -Receivables |
|
34
|
| -Natural gas for sale, net of temporary LIFO liquidation |
|
363
|
| -Prepaid income taxes |
|
151
|
| -Other current assets |
|
27
|
| -Accounts payable |
|
(64)
|
| -Accrued taxes |
|
84
|
| -Accrued compensation |
|
(46)
|
| -Other current liabilities |
|
(17)
|
| Net cash provided from operating activities |
|
841
|
| Investing Activities: |
|
|
| Property additions |
|
(222)
|
| Cost of removal, net of salvage |
|
(15)
|
| Change in construction payables, net |
|
2
|
| Investment in unconsolidated subsidiaries |
|
(5)
|
| Other investing activities |
|
2
|
| Net cash used for investing activities |
|
(238)
|
| Financing Activities: |
|
|
| Decrease in notes payable, net |
|
(453)
|
| Redemptions and repurchases — First mortgage bonds |
|
(75)
|
| Redemptions and repurchases — |
|
|
| Distributions to noncontrolling interests |
|
(19)
|
| Payment of common stock dividends |
|
(64)
|
| Other financing activities |
|
9
|
| Net cash provided from financing activities |
|
(602)
|
| Net Change in Cash and Cash Equivalents |
|
1
|
| Cash and Cash Equivalents at Beginning of Period |
|
19
|
| Cash and Cash Equivalents at End of Period |
|
20
|
| Cash paid (received) during the period for — |
|
|
| Interest |
|
53
|
| Income taxes, net |
|
(132)
|
| Noncash Investing and Financing Items [Abstract] |
|
|
| Noncash transactions — Accrued property additions at end of period |
|
$ 51
|