Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 2817

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 2817
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 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 $0.01 per share    (Authorized - 100 million shares; Outstanding - 100 shares)Paid-in capital10,863 10,836 Retained earnings (accumulated deficit)85 (49)Accumulated other comprehensive income48 16 Total common stockholder's equity (See accompanying statements)10,996 10,803 Total Liabilities and Stockholder's Equity$26,177 $25,083 Commitments and Contingent Matters (See notes)

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 COMMON STOCKHOLDER'S EQUITY

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

Southern Company Gas and Subsidiary Companies

Number of Common SharesIssuedCommon StockPaid-In CapitalRetained Earnings (Accumulated Deficit)AccumulatedOtherComprehensive Income (Loss)Total(in millions)Balance at December 31,