Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 11

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 11
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 Operating Income781 601 Other Income and (Expense):Allowance for equity funds used during construction48 39 Interest expense, net of amounts capitalized(187)(173)Other income (expense), net52 49 Total other income and (expense)(87)(85)Earnings Before Income Taxes694 516 Income taxes98 79 Net Income$596 $437 

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Net Income$596 $437 Other comprehensive income (loss):Qualifying hedges:Changes in fair value, net of tax of $(1) and $4, respectively(1)12 Reclassification adjustment for amounts included in net income,    net of tax of $— and $—, respectively— 1 Total other comprehensive income (loss)(1)13 Comprehensive Income$595 $450 

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

21

    Table of Contents                                Index to Financial Statements

GEORGIA POWER COMPANY

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Net income$596 $437 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total577 491 Deferred income taxes68 31 Allowance for equity funds used during construction(48)(39)Pension, postretirement, and other employee benefits(74)(68)Settlement of asset retirement obligations(66)(70)Storm damage cost recovery – long-term(173)— Other, net(15)1 Changes in certain current assets and liabilities —-Receivables94 35 -Retail fuel cost under recovery83 181 -Other current assets(23)(56)-Accounts payable(325)(153)-Accrued taxes(355)(281)-Accrued compensation(68)(66)-Other current liabilities34 50 Net cash provided from operating activities305 493 Investing Activities:Property additions(1,429)(987)Nuclear decommissioning trust fund purchases(246)(214)Nuclear decommissioning trust fund sales246 213 Cost of removal, net of salvage(103