Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 147

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 147
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 comprehensive income12 12 Comprehensive Income$430 $421 

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

36

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Net income$418 $409 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total167 155 Deferred income taxes42 61 Other, net(5)(10)Changes in certain current assets and liabilities —-Receivables(115)(16)-Natural gas for sale, net of temporary LIFO liquidation365 237 -Other current assets74 26 -Accounts payable(95)(127)-Accrued taxes73 7 -Accrued compensation(60)(55)-Natural gas cost over recovery(179)(65)-Other current liabilities2 (24)Net cash provided from operating activities687 598 Investing Activities:Property additions(281)(255)Cost of removal, net of salvage(16)(12)Change in construction payables, net(6)(40)Other investing activities(18)(12)Net cash used for investing activities(321)(319)Financing Activities:Decrease in notes payable, net(141)(81)Return of capital to parent company(23)— Payment of common stock dividends(149)(151)Other financing activities(10)(3)Net cash used for financing activities(323)(235)Net Change in Cash, Cash Equivalents, and Restricted Cash43 44 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period44 35 Cash, Cash Equivalents, and Restricted Cash at End of Period$87 $79 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $5 and $5 capitalized for 2025 and 2024, respectively)$111 $89 Income taxes, net(1)(3)Noncash transactions —Accrued property additions at end of period104 99 Right-of-use assets obtained under operating leases60 1 Return of capital to parent company33 —