Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 190

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 190
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AUDITED)

For the Six Months Ended June 30, 20252024 (in millions)Operating Activities:Net income$114 $111 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total115 101 Deferred income taxes4 (5)Pension, postretirement, and other employee benefits(8)(8)Settlement of asset retirement obligations(7)(9)Other, net(7)7 Changes in certain current assets and liabilities —-Receivables(26)(26)-Retail fuel cost under recovery(28)7 -Fossil fuel stock20 (22)-Prepaid income taxes9 — -Other current assets(1)(4)-Accounts payable(22)(16)-Accrued taxes(49)(41)-Accrued compensation(22)(16)-Over recovered regulatory clause revenues(15)7 -Other current liabilities1 (1)Net cash provided from operating activities78 85 Investing Activities:Property additions(166)(165)Contributions in aid of construction57 — Cost of removal, net of salvage(17)(21)Change in construction payables, net of joint owner portion(5)(20)Payments pursuant to LTSAs(11)(10)Other investing activities(3)(2)Net cash used for investing activities(145)(218)Financing Activities:Increase in notes payable, net18 102 Proceeds — Senior notes100 250 Redemptions — Senior notes— (200)Capital contributions from parent company57 58 Payment of common stock dividends(97)(94)Other financing activities(2)(2)Net cash provided from financing activities76 114 Net Change in Cash, Cash Equivalents, and Restricted Cash9 (19)Cash, Cash Equivalents, and Restricted Cash at Beginning of Period13 38 Cash, Cash Equivalents, and Restricted Cash at End of Period$22 $19 Supplemental Cash Flow Information:Cash paid during the period for —Interest$37 $38 Income taxes, net21 24 Noncash transactions —Accrued property additions at end of period30 16 

The accompanying notes as they relate to Mississippi Power are an integral part of these condensed financial statements.

27

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MISSISSIPPI POWER COMPANY

CONDENSED BALANCE SHEETS (UN