Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 4876

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 4876
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 2023, and 2022

Southern Company Gas and Subsidiary Companies

202420232022(in millions)Operating Activities:Consolidated net income$740 $615 $572 Adjustments to reconcile net income to net cash   provided from operating activities —Depreciation and amortization, total643 582 558 Deferred income taxes132 126 17 Impairment charges— — 131 Natural gas cost under recovery – long-term— — 207 Estimated loss on regulatory disallowance— 96 — Other, net3 (74)(24)Changes in certain current assets and liabilities —-Receivables28 431 (345)-Natural gas for sale, net of temporary LIFO liquidation32 19 (77)-Prepaid income taxes63 (11)19 -Natural gas cost under recovery— 108 158 -Other current assets(52)(17)(6)-Accounts payable(6)(276)299 -Natural gas cost over recovery(21)214 — -Other current liabilities(10)(51)10 Net cash provided from operating activities1,552 1,762 1,519 Investing Activities:Property additions(1,541)(1,561)(1,533)Cost of removal, net of salvage(88)(104)(112)Change in construction payables, net(19)(38)65 Investments in unconsolidated subsidiaries(82)(11)(165)Proceeds from dispositions3 42 150 Other investing activities16 16 15 Net cash used for investing activities(1,711)(1,656)(1,580)Financing Activities:Increase (decrease) in notes payable, net40 (153)(341)Proceeds —Senior notes450 500 500 First mortgage bonds275 275 175 Short-term borrowings— — 50 Other long-term debt8 37 22 Redemptions and repurchases —First mortgage bonds— (50)— Short-term borrowings— (200)(150)Medium-term notes— (350)(46)Capital contributions from parent company16 373 406 Payment of common stock dividends(605)(585)(519)Other financing activities(16)(1)(1)Net cash provided from (used for) financing activities168 (154)96 Net Change in Cash, Cash Equivalents,