Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 217

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 217
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Cost of removal, net of salvage(70)(63)Change in construction payables, net45 (13)Investment in unconsolidated subsidiaries(43)(64)Returned investment in unconsolidated subsidiaries128 4 Other investing activities— 4 Net cash used for investing activities(1,119)(1,196)Financing Activities:Decrease in notes payable, net(312)(352)Proceeds —Senior notes850 450 First mortgage bonds— 156        Other long-term debt— 9 Redemptions — First mortgage bonds(50)— Return of capital to parent company(23)— Capital contributions from parent company40 — Payment of common stock dividends(446)(454)Other financing activities(16)(10)Net cash provided from (used for) financing activities43 (201)Net Change in Cash, Cash Equivalents, and Restricted Cash302 10 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period44 35 Cash, Cash Equivalents, and Restricted Cash at End of Period$346 $45 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $12 and $16 capitalized for 2025 and 2024, respectively)$297 $258 Income taxes, net16 (54)Noncash transactions —Accrued property additions at end of period87 126 Right-of-use assets obtained under operating leases60 1 Return of capital to parent company33 — 

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 BALANCE SHEETS (UNAUDITED)

AssetsAt September 30, 2025At December 31, 2024(in millions)Current Assets:  Cash and cash equivalents$346 $43 Receivables —  Customer accounts223 399 Unbilled revenues73 244 Other accounts and notes64 45 Accumulated provision for uncollectible accounts(44)(33)Materials and supplies59 66 Natural gas for sale415 388 Prepaid expenses82 45 Other regulatory assets177 187 Other current assets38 55 Total current assets1,433