Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 5

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 5
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7,037 Other deferred charges and assets1,390 1,467 Total deferred charges and other assets19,548 19,599 Total Assets$148,853 $145,180 

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

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    Table of Contents                                Index to Financial Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholders' EquityAt June 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$5,365 $4,718 Notes payable988 1,338 Accounts payable2,948 3,701 Customer deposits468 486 Accrued taxes —Accrued income taxes20 57 Other accrued taxes800 997 Accrued interest775 682 Accrued compensation825 1,261 Asset retirement obligations683 731 Liabilities from risk management activities, net of collateral86 160 Operating lease obligations200 200 Natural gas cost over recovery107 193 Other regulatory liabilities264 369 Other current liabilities1,041 1,100 Total current liabilities14,570 15,993 Long-term Debt62,983 58,768 Deferred Credits and Other Liabilities:Accumulated deferred income taxes12,294 11,730 Deferred credits related to income taxes4,446 4,434 Accumulated deferred ITCs2,017 2,056 Employee benefit obligations993 1,011 Operating lease obligations, deferred1,288 1,253 Asset retirement obligations, deferred8,862 9,203 Other cost of removal obligations2,028 2,016 Other regulatory liabilities, deferred671 692 Other deferred credits and liabilities1,359 1,350 Total deferred credits and other liabilities33,958 33,745 Total Liabilities111,511 108,506 Total Stockholders' Equity (See accompanying statements)37,342 36,674 Total Liabilities and Stockholders' Equity$148,853 $145,180 

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

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    Table of Contents