Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 3046

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 3046
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)(104)(117)(131)Earnings Before Income Taxes174 242 267 Income taxes (benefit)(13)12 20 Net Income187 230 247 Net loss attributable to noncontrolling interests(141)(127)(107)Net Income Attributable to Southern Power$328 $357 $354 

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

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    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the Years Ended December 31, 2024, 2023, and 2022

Southern Power Company and Subsidiary Companies

202420232022(in millions)Net Income$187 $230 $247 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $(10), $(1), and $(30), respectively(31)(3)(91)Reclassification adjustment for amounts included in net income,   net of tax of $12, $4, and $26, respectively39 11 81 Pension and other postretirement benefit plans:Benefit plan net gain (loss),   net of tax of $2, $(2), and $6, respectively7 (7)18 Reclassification adjustment for amounts included in net income,   net of tax of $—, $—, and $1, respectively— — 2 Total other comprehensive income15 1 10 Comprehensive loss attributable to noncontrolling interests(141)(127)(107)Comprehensive Income Attributable to Southern Power$343 $358 $364 

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

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    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024, 2023, and 2022

Southern Power Company and Subsidiary Companies

202420232022 (in millions)Operating Activities:Net income$187 $230 $247 Adjustments to reconcile net income   to net cash provided from operating activities —Depreciation and amortization, total537 524 543 Deferred income taxes(7)16 9 Utilization of federal tax credit carryforward75 332 49 Amortization of I