Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 97

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 97
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,146 Depreciation and amortization2,631 378 — 3,009 475 3,484 53 — 3,537 Earnings from equity method investments4 — — 4 110 114 (8)1 107 Interest expense954 89 — 1,043 250 1,293 769 (12)2,050 Income taxes (benefit)885 32 — 917 184 1,101 (211)— 890 Segment net income (loss)(b)(d)(f)$3,630 $264 $— $3,894 $555 $4,449 $(569)$(13)$3,867 At December 31, 2024Goodwill$— $2 $— $2 $5,015 $5,017 $144 $— $5,161 Total assets105,577 12,653 (1,025)117,205 26,177 143,382 2,371 (573)145,180 (a)Primarily consists of fuel, purchased power, cost of natural gas, cost of other sales, other operations and maintenance, taxes other than income taxes, AFUDC equity, non-service cost-related retirement benefits income, and net income (loss) attributable to noncontrolling interests.(b)For the traditional electric operating companies, includes pre-tax credits to income at Georgia Power related to the estimated probable loss associated with the completion of Plant Vogtle Units 3 and 4 of $33 million ($25 million after tax) for the three and nine months ended September 30, 2025 and $21 million ($16 million after tax) for the nine months ended September 30, 2024. Also includes a pre-tax gain at Georgia Power of approximately $114 million ($84 million after tax) for the nine months ended September 30, 2024 related to the sale of transmission line assets under the integrated transmission system agreement. See Note 2 to the financial statements under "Georgia Power" in Item 8 of the Form 10-K for additional information.(c)For Southern Power, includes accelerated depreciation related to the repowering of the Kay Wind, Grant Plains, Grant Wind, and Wake Wind facilities of $112 million ($80 million after tax, net of noncontrolling interest impacts) and