Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 149

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 149
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 due within one year$301 $302 Notes payable314 455 Accounts payable —Affiliated49 75 Other372 437 Customer deposits67 98 Accrued taxes147 85 Accrued interest74 88 Accrued compensation70 129 Temporary LIFO liquidation126 — Natural gas cost over recovery16 193 Other regulatory liabilities67 7 Other current liabilities127 149 Total current liabilities1,730 2,018 Long-term Debt8,236 8,229 Deferred Credits and Other Liabilities:Accumulated deferred income taxes1,849 1,796 Deferred credits related to income taxes743 755 Employee benefit obligations73 78 Operating lease obligations87 30 Other cost of removal obligations1,875 1,846 Accrued environmental remediation193 198 Other deferred credits and liabilities223 231 Total deferred credits and other liabilities5,043 4,934 Total Liabilities15,009 15,181 Common Stockholder's Equity (See accompanying statements)11,225 10,996 Total Liabilities and Stockholder's Equity$26,234 $26,177 

The accompanying notes as they relate to Southern Company Gas are an integral part of these condensed consolidated financial statements.

39

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (UNAUDITED)

 Paid-InCapitalRetainedEarnings(Accumulated Deficit)AccumulatedOtherComprehensiveIncome (Loss)Total (in millions)Balance at December 31, 2023$10,836 $(49)$16 $10,803 Net income— 409 — 409 Capital contributions from parent company2 — — 2 Other comprehensive income— — 12 12 Cash dividends on common stock— (151)— (151)Other— (1)— (1)Balance at March 31, 2024$10,838 $208 $28 $11,074 Balance at December 31, 2024$10,863 $85 $48 $10,996 Net income— 418 — 418 Return of capital to parent company(56)— — (