Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 3558

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 3558
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 Gas and Subsidiary Companies

Assets20242023(in millions)Current Assets:  Cash and cash equivalents$43 $33 Receivables —  Customer accounts399 405 Unbilled revenues244 261 Other accounts and notes45 47 Accumulated provision for uncollectible accounts(33)(44)Natural gas for sale388 420 Prepaid expenses45 107 Other regulatory assets187 141 Other current assets121 116 Total current assets1,439 1,486 Property, Plant, and Equipment:  In service22,338 20,840 Less: Accumulated depreciation5,887 5,534 Plant in service, net of depreciation16,451 15,306 Construction work in progress1,057 1,110 Total property, plant, and equipment17,508 16,416 Other Property and Investments:Goodwill5,015 5,015 Equity investments in unconsolidated subsidiaries1,279 1,235 Other intangible assets, net of amortization of $173 and $166, respectively9 16 Miscellaneous property and investments25 25 Total other property and investments6,328 6,291 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization38 47 Prepaid pension costs191 158 Other regulatory assets, deferred481 504 Other deferred charges and assets192 181 Total deferred charges and other assets902 890 Total Assets$26,177 $25,083 

The accompanying notes are an integral part of these consolidated financial statements.

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    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Company Gas and Subsidiary Companies

Liabilities and Stockholder's Equity20242023(in millions)Current Liabilities:Securities due within one year$302 $— Notes payable455 415 Accounts payable —Affiliated75 89 Other437 424 Customer deposits98 126 Accrued taxes85 77 Accrued compensation129 112 Natural gas cost over recovery193 214 Other regulatory liabilities7 19 Other current liabilities237 232 Total current liabilities2,018 1,708 Long-term Debt8,229 7,833 Deferred