Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1448

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1448
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 Property, Plant, and Equipment:  In service22,338 20,840 Less: Accumulated depreciation5,887 5,534 Plant in service, net of depreciation16,451 15,306 Construction work in progress1,057 1,110 Total property, plant, and equipment17,508 16,416 Other Property and Investments:Goodwill5,015 5,015 Equity investments in unconsolidated subsidiaries1,279 1,235 Other intangible assets, net of amortization of $173 and $166, respectively9 16 Miscellaneous property and investments25 25 Total other property and investments6,328 6,291 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization38 47 Prepaid pension costs191 158 Other regulatory assets, deferred481 504 Other deferred charges and assets192 181 Total deferred charges and other assets902 890 Total Assets$26,177 $25,083 

The accompanying notes are an integral part of these consolidated financial statements.

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    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Company Gas and Subsidiary Companies

Liabilities and Stockholder's Equity20242023(in millions)Current Liabilities:Securities due within one year$302 $— Notes payable455 415 Accounts payable —Affiliated75 89 Other437 424 Customer deposits98 126 Accrued taxes85 77 Accrued compensation129 112 Natural gas cost over recovery193 214 Other regulatory liabilities7 19 Other current liabilities237 232 Total current liabilities2,018 1,708 Long-term Debt8,229 7,833 Deferred Credits and Other Liabilities:Accumulated deferred income taxes1,796 1,671 Deferred credits related to income taxes755 759 Employee benefit obligations78 110 Operating lease obligations30 40 Other cost of removal obligations1,846 1,771 Accrued environmental remediation198 192 Other deferred credits and liabilities231 196 Total deferred credits and other liabilities4,934 4,739 Total Liabilities15,181 14,280 Common Stockholder’s Equity:Common stock, par value