v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Total operating revenues $ 5,098 $ 5,627 $ 10,510 $ 11,999
Operating Expenses:        
Other operations and maintenance 1,316 1,523 2,628 2,972
Depreciation and amortization 755 783 1,506 1,552
Taxes other than income taxes 299 316 628 671
Estimated loss on plants under construction 4 1,060 6 1,105
(Gain) loss on dispositions, net (8) 36 (2,506) 36
Asset impairment     32 161
Goodwill impairment 32   32  
Total operating expenses 3,756 5,564 5,477 10,560
Operating Income 1,342 63 5,033 1,439
Other Income and (Expense):        
Allowance for equity funds used during construction 31 32 63 63
Earnings from equity method investments 33 31 81 72
Interest expense, net of amounts capitalized (429) (470) (859) (928)
Other income (expense), net 99 78 176 138
Total other income and (expense) (266) (329) (539) (655)
Earnings (Loss) Before Income Taxes 1,076 (266) 4,494 784
Income taxes (benefit) 145 (139) 1,505 (25)
Consolidated Net Income (Loss) 931 (127) 2,989 809
Dividends on preferred stock of subsidiaries 3 4 7 8
Net income attributable to noncontrolling interests 29 23 0 17
Net Income (Loss) $ 899 $ (154) $ 2,982 $ 784
Earnings (loss) per share -        
Basic (in dollars per share) $ 0.86 $ (0.15) $ 2.86 $ 0.77
Diluted (in dollars per share) $ 0.85 $ (0.15) $ 2.84 $ 0.77
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,044 1,014 1,041 1,012
Diluted (in shares) 1,052 1,014 1,049 1,017
Retail electric revenues        
Operating Revenues:        
Total operating revenues $ 3,540 $ 3,740 $ 6,623 $ 7,308
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 542 616 1,041 1,239
Other electric revenues        
Operating Revenues:        
Total operating revenues 161 170 331 330
Natural gas        
Operating Revenues:        
Total operating revenues 689 706 2,163 2,314
Operating Expenses:        
Total cost of natural gas 191 228 877 949
Other        
Operating Revenues:        
Total operating revenues 166 395 352 808
Operating Expenses:        
Total cost of natural gas 84 279 203 568
Fuel        
Operating Expenses:        
Total cost of natural gas 914 1,103 1,764 2,204
Purchased power        
Operating Expenses:        
Total cost of natural gas 201 236 371 503
ALABAMA POWER CO        
Operating Revenues:        
Total operating revenues 1,513 1,503 2,921 2,976
Operating Expenses:        
Other operations and maintenance 402 402 812 788
Depreciation and amortization 200 189 399 379
Taxes other than income taxes 98 94 200 192
Total operating expenses 1,068 1,123 2,138 2,224
Operating Income 445 380 783 752
Other Income and (Expense):        
Allowance for equity funds used during construction 14 14 28 27
Interest expense, net of amounts capitalized (82) (80) (165) (158)
Other income (expense), net 11 12 25 15
Total other income and (expense) (57) (54) (112) (116)
Earnings (Loss) Before Income Taxes 388 326 671 636
Income taxes (benefit) 89 64 151 145
Consolidated Net Income (Loss) 299 262 520 491
Dividends on preferred stock of subsidiaries 3 3 7 7
Net Income (Loss) 296 259 513 484
ALABAMA POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 1,378 1,338 2,592 2,624
ALABAMA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 62 65 123 139
ALABAMA POWER CO | Other        
Operating Revenues:        
Total operating revenues 69 69 143 131
ALABAMA POWER CO | Fuel        
Operating Expenses:        
Total cost of natural gas 252 347 553 672
ALABAMA POWER CO | Purchased power        
Operating Expenses:        
Total cost of natural gas 47 48 84 113
ALABAMA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 4 31 63 82
ALABAMA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of natural gas 69 43 90 80
GEORGIA POWER CO        
Operating Revenues:        
Total operating revenues 2,117 2,048 3,951 4,008
Operating Expenses:        
Other operations and maintenance 463 457 913 863
Depreciation and amortization 244 230 483 458
Taxes other than income taxes 115 106 220 214
Estimated loss on plants under construction 0 1,060 0 1,060
Total operating expenses 1,470 2,520 2,857 3,967
Operating Income 647 (472) 1,094 41
Other Income and (Expense):        
Interest expense, net of amounts capitalized (105) (102) (201) (208)
Other income (expense), net 35 35 77 73
Total other income and (expense) (70) (67) (124) (135)
Earnings (Loss) Before Income Taxes 577 (539) 970 (94)
Income taxes (benefit) 129 (143) 211 (50)
Consolidated Net Income (Loss) 448 (396) 759 (44)
Net Income (Loss) 448 (396)    
GEORGIA POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 1,946 1,889 3,614 3,688
GEORGIA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 33 36 62 80
GEORGIA POWER CO | Other        
Operating Revenues:        
Total operating revenues 135 120 270 227
GEORGIA POWER CO | Fuel        
Operating Expenses:        
Total cost of natural gas 390 378 689 790
GEORGIA POWER CO | Purchased power        
Operating Expenses:        
Total cost of natural gas 124 111 242 233
GEORGIA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 3 3 5 13
GEORGIA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of natural gas 134 178 310 349
MISSISSIPPI POWER CO        
Operating Revenues:        
Total operating revenues 313 297 600 598
Operating Expenses:        
Other operations and maintenance 68 67 127 141
Depreciation and amortization 48 44 95 84
Taxes other than income taxes 28 27 55 54
Estimated loss on plants under construction 4 0 6 45
Total operating expenses 259 243 490 537
Operating Income 54 54 110 61
Other Income and (Expense):        
Interest expense, net of amounts capitalized (17) (21) (35) (39)
Other income (expense), net 5 27 11 27
Total other income and (expense) (12) 6 (24) (12)
Earnings (Loss) Before Income Taxes 42 60 86 49
Income taxes (benefit) 5 13 12 9
Consolidated Net Income (Loss) 37 47 74 40
Dividends on preferred stock of subsidiaries 0 1 0 1
Net Income (Loss) 37 46 74 39
MISSISSIPPI POWER CO | Retail electric revenues        
Operating Revenues:        
Total operating revenues 215 212 418 406
MISSISSIPPI POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 57 59 114 127
MISSISSIPPI POWER CO | Other        
Operating Revenues:        
Total operating revenues 4 7 10 11
MISSISSIPPI POWER CO | Fuel        
Operating Expenses:        
Total cost of natural gas 105 98 198 197
MISSISSIPPI POWER CO | Purchased power        
Operating Expenses:        
Total cost of natural gas 6 7 9 16
MISSISSIPPI POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 37 19 58 54
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 510 555 953 1,064
Operating Expenses:        
Other operations and maintenance 79 91 166 184
Depreciation and amortization 119 125 237 240
Taxes other than income taxes 11 12 21 24
(Gain) loss on dispositions, net (23) 0 (23) 0
Asset impairment 0 119 0 119
Total operating expenses 357 539 740 988
Operating Income 153 16 213 76
Other Income and (Expense):        
Interest expense, net of amounts capitalized (41) (46) (84) (93)
Other income (expense), net 40 2 41 5
Total other income and (expense) (1) (44) (43) (88)
Earnings (Loss) Before Income Taxes 152 (28) 170 (12)
Income taxes (benefit) (51) (73) (60) (172)
Consolidated Net Income (Loss) 203 45 230 160
Net income attributable to noncontrolling interests 29 23 0 17
Net Income (Loss) 174 22 230 143
SOUTHERN POWER CO | Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 390 443 743 867
SOUTHERN POWER CO | Other        
Operating Revenues:        
Total operating revenues 3 3 6 5
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of natural gas 139 153 284 321
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of natural gas 32 39 55 100
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 117 109 204 192
SOUTHERN Co GAS        
Operating Revenues:        
Total operating revenues 689 730 2,163 2,369
Operating Expenses:        
Other operations and maintenance 199 238 433 514
Depreciation and amortization 119 126 238 255
Taxes other than income taxes 46 48 128 125
(Gain) loss on dispositions, net 0 36 0 36
Goodwill impairment 0 0 0 42
Total operating expenses 555 681 1,676 1,933
Operating Income 134 49 487 436
Other Income and (Expense):        
Earnings from equity method investments 31 31 80 74
Interest expense, net of amounts capitalized (59) (59) (118) (118)
Other income (expense), net 6 3 10 15
Total other income and (expense) (22) (25) (28) (29)
Earnings (Loss) Before Income Taxes 112 24 459 407
Income taxes (benefit) 6 55 83 159
Consolidated Net Income (Loss) 106 (31) 376 248
Net Income (Loss) 106 (31) 376 248
SOUTHERN Co GAS | Natural gas        
Operating Revenues:        
Total operating revenues 688 710 2,163 2,341
Operating Expenses:        
Total cost of natural gas 191 228 877 949
SOUTHERN Co GAS | Other        
Operating Revenues:        
Total operating revenues 0 24 0 55
Operating Expenses:        
Total cost of natural gas 0 5 0 12
SOUTHERN Co GAS | Alternative revenue programs        
Operating Revenues:        
Total operating revenues $ 1 $ (4) $ 0 $ (27)