v3.25.0.1
Consolidated Statements of Cash Flows - SPC - 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
Other, net (39) (138) 226
Changes in certain current assets and liabilities —      
-Receivables (372) 482 (771)
-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)
Proceeds from dispositions 369 164 275
Payments pursuant to LTSAs (108) (99) (190)
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  
Distributions to noncontrolling interests (185) (234) (259)
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
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 2,538 2,184 1,758
Income taxes, net (excludes credit transfers) 176 132 146
Noncash transactions —      
Accrued property additions at year-end 1,199 1,027 1,024
LTSA credits utilized from the sale of spare parts 13 23 0
Contributions from noncontrolling interests 0 0 15
Southern Power      
Operating Activities:      
Net Income 187 230 247
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 537 524 543
Deferred income taxes (7) 16 9
Utilization of federal tax credit carryforward 75 332 49
Amortization of ITCs (58) (58) (58)
Gain on dispositions, net 0 (20) (2)
Other, net 36 28 19
Changes in certain current assets and liabilities —      
-Receivables (39) 121 (82)
-Prepaid income taxes 2 2 22
-Other current assets (24) (24) (11)
-Accounts payable (3) (60) 68
-Other current liabilities 2 5 11
Net cash provided from operating activities 708 1,096 815
Investing Activities:      
Acquisitions, net of cash acquired 0 (181) 0
Property additions (344) (118) (100)
Change in construction payables 35 21 (69)
Proceeds from dispositions 0 59 48
Payments pursuant to LTSAs (45) (50) (71)
Other investing activities 24 4 (2)
Net cash used for investing activities (330) (265) (194)
Financing Activities:      
Increase (decrease) in notes payable, net (129) (83)  
Increase (decrease) in notes payable, net     10
Redemptions — Senior notes 0 (290) (677)
Capital contributions from parent company 216 18 430
Capital contributions from noncontrolling interests 11 21 73
Distributions to noncontrolling interests (185) (234) (259)
Payment of common stock dividends (262) (252) (198)
Other financing activities (5) 0 (2)
Net cash provided from (used for) financing activities (354) (820) (623)
Net Change in Cash, Cash Equivalents, and Restricted Cash 24 11 (2)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 144 133 135
Cash, Cash Equivalents, and Restricted Cash at End of Year 168 144 133
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 107 122 142
Income taxes, net (excludes credit transfers) (32) (254) (15)
Noncash transactions —      
Accrued property additions at year-end 84 59 24
LTSA credits utilized from the sale of spare parts 13 23 0
Contributions from noncontrolling interests $ 0 $ 0 $ 15