Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 211

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 211
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 are an integral part of these condensed consolidated financial statements.

32

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Nine Months Ended September 30, 20252024 (in millions)Operating Activities:Net income$46 $191 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total593 388 Deferred income taxes(122)68 Amortization of ITCs(44)(44)Other, net16 13 Changes in certain current assets and liabilities —-Receivables19 (24)-Other current assets3 (9)-Accounts payable(25)(19)-Accrued taxes52 56 -Other current liabilities(17)(13)Net cash provided from operating activities521 607 Investing Activities:Property additions(620)(179)Change in construction payables78 1 Payments pursuant to LTSAs(42)(34)Other investing activities— 13 Net cash used for investing activities(584)(199)Financing Activities:Increase (decrease) in notes payable, net2 (68)Proceeds — Senior notes1,100 — Capital contributions from parent company157 8 Capital contributions from noncontrolling interests23 11 Distributions to noncontrolling interests(118)(108)Payment of common stock dividends(209)(196)Other financing activities(13)(4)Net cash provided from (used for) financing activities942 (357)Net Change in Cash, Cash Equivalents, and Restricted Cash879 51 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period168 144 Cash, Cash Equivalents, and Restricted Cash at End of Period$1,047 $195 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $15 and $5 capitalized for 2025 and 2024, respectively)$77 $88 Income taxes, net (excludes credit transfers)163 (30)Noncash transactions —Accrued property additions at end of period138 52 Right-of-use assets obtained under operating leases2 10 Reassessment of right-of-use assets under operating leases— (7)

The accompanying notes as they relate