Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 190

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 190
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 costs2,982 2,674 Unamortized loss on reacquired debt191 203 Deferred under recovered fuel clause revenues197 485 Regulatory assets – asset retirement obligations, deferred5,047 5,458 Other regulatory assets, deferred7,361 7,037 Other deferred charges and assets1,322 1,467 Total deferred charges and other assets19,389 19,599 Total Assets$153,248 $145,180 

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

13

    Table of Contents                                Index to Financial Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholders' EquityAt September 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$7,541 $4,718 Notes payable144 1,338 Accounts payable3,017 3,701 Customer deposits489 486 Accrued taxes —Accrued income taxes456 57 Other accrued taxes966 997 Accrued interest602 682 Accrued compensation1,206 1,261 Asset retirement obligations680 731 Liabilities from risk management activities, net of collateral98 160 Operating lease obligations198 200 Natural gas cost over recovery163 193 Other regulatory liabilities196 369 Other current liabilities970 1,100 Total current liabilities16,726 15,993 Long-term Debt64,621 58,768 Deferred Credits and Other Liabilities:Accumulated deferred income taxes12,250 11,730 Deferred credits related to income taxes4,381 4,434 Accumulated deferred ITCs1,994 2,056 Employee benefit obligations955 1,011 Operating lease obligations, deferred1,242 1,253 Asset retirement obligations, deferred8,774 9,203 Other cost of removal obligations2,032 2,016 Other regulatory liabilities, deferred642 692 Other deferred credits and liabilities1,357 1,350 Total deferred credits and other liabilities33,627 33,745 Total Liabilities114,974 108,506 Total Stockholders' Equity (See accompanying statements)