v3.25.0.1
Statements of Cash Flows - APC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net Income $ 4,260 $ 3,849 $ 3,428
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 5,266 4,986 4,064
Deferred income taxes 536 63 670
Allowance for equity funds used during construction (235) (268) (224)
Pension, postretirement, and other employee benefits (556) (527) (436)
Settlement of asset retirement obligations (566) (617) (455)
Natural disaster reserve and reliability reserve accruals 163 124 430
Retail fuel cost under recovery – long-term (32) (206) (2,166)
Other, net (39) (138) 226
Changes in certain current assets and liabilities —      
-Receivables (372) 482 (771)
-Fossil fuel stock 140 (368) (125)
-Materials and supplies (189) (345) (160)
-Retail fuel cost under recovery 984 686 (100)
-Other current assets (47) (106) (186)
-Accounts payable 492 (863) 1,021
-Other current liabilities 145 191 153
Net cash provided from operating activities 9,788 7,553 6,302
Investing Activities:      
Property additions (8,955) (9,095) (7,923)
Nuclear decommissioning trust fund purchases (1,551) (1,142) (1,125)
Nuclear decommissioning trust fund sales 1,535 1,121 1,112
Cost of removal, net of salvage (632) (592) (649)
Other investing activities (164) (43) (133)
Net cash used for investing activities (9,400) (9,668) (8,430)
Financing Activities:      
Increase (decrease) in notes payable, net (648)   (337)
Increase (decrease) in notes payable, net   973  
Proceeds —      
Short-term borrowings 700 350 2,650
Redemptions and repurchases —      
Preferred stock 0 0 (298)
Short-term borrowings (1,020) (1,630) (1,150)
Payment of common stock dividends (2,954) (3,035) (2,907)
Other financing activities (181) (139) (145)
Net cash provided from (used for) financing activities (208) 999 2,336
Net Change in Cash, Cash Equivalents, and Restricted Cash 180 (1,116) 208
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 921 2,037 1,829
Cash, Cash Equivalents, and Restricted Cash at End of Year 1,101 921 2,037
Cash paid during the period for —      
Interest, net of amounts capitalized 2,538 2,184 1,758
Income taxes, net 176 132 146
Noncash transactions — Accrued property additions at year-end 1,199 1,027 1,024
Alabama Power      
Operating Activities:      
Net Income 1,403 1,370 1,351
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 1,608 1,554 1,014
Deferred income taxes (55) (242) 355
Allowance for equity funds used during construction (57) (82) (70)
Pension, postretirement, and other employee benefits (213) (204) (118)
Settlement of asset retirement obligations (254) (270) (205)
Natural disaster reserve and reliability reserve accruals 96 70 185
Retail fuel cost under recovery – long-term 0 0 (520)
Other, net 102 4 (50)
Changes in certain current assets and liabilities —      
-Receivables (32) (24) (321)
-Fossil fuel stock 55 (165) (70)
-Materials and supplies (57) (105) (7)
-Retail fuel cost under recovery 246 376 (102)
-Other current assets (32) (20) (23)
-Accounts payable (127) (162) 249
-Other current liabilities 212 (21) (29)
Net cash provided from operating activities 2,895 2,079 1,639
Investing Activities:      
Property additions (1,881) (2,022) (2,016)
Nuclear decommissioning trust fund purchases (593) (301) (355)
Nuclear decommissioning trust fund sales 592 300 354
Cost of removal, net of salvage (166) (178) (234)
Change in construction payables, net of joint owner portion 10 (44) 50
Other investing activities 51 49 (62)
Net cash used for investing activities (1,987) (2,196) (2,263)
Financing Activities:      
Increase (decrease) in notes payable, net (40)    
Increase (decrease) in notes payable, net   40 0
Proceeds —      
Senior notes 0 500 1,700
Revenue bonds 0 326 0
Short-term borrowings 50 0 0
Other long-term debt 8 29 0
Redemptions and repurchases —      
Senior notes 0 (300) (750)
Preferred stock 0 0 (298)
Revenue bonds (21) 0 0
Short-term borrowings (50) 0 0
Other long-term debt (22) 0 0
Capital contributions from parent company 527 407 649
Payment of common stock dividends (1,182) (1,141) (1,016)
Other financing activities (2) (22) (34)
Net cash provided from (used for) financing activities (732) (161) 251
Net Change in Cash, Cash Equivalents, and Restricted Cash 176 (278) (373)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 409 687 1,060
Cash, Cash Equivalents, and Restricted Cash at End of Year 585 409 687
Cash paid during the period for —      
Interest, net of amounts capitalized 428 397 342
Income taxes, net 387 315 121
Noncash transactions — Accrued property additions at year-end $ 148 $ 138 $ 182