Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1113

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1113
---
ization of $412 and $376, respectively332 368 Miscellaneous property and investments668 665 Total other property and investments10,198 9,986 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization1,386 1,432 Deferred charges related to income taxes889 886 Prepaid pension costs2,674 2,079 Unamortized loss on reacquired debt203 220 Deferred under recovered retail fuel clause revenues485 1,261 Regulatory assets – asset retirement obligations, deferred5,458 5,459 Other regulatory assets, deferred7,037 6,264 Other deferred charges and assets1,467 1,468 Total deferred charges and other assets19,599 19,069 Total Assets$145,180 $139,331 

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

II-73

    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Company and Subsidiary CompaniesLiabilities and Stockholders' Equity20242023(in millions)Current Liabilities:Securities due within one year$4,718 $2,476 Notes payable1,338 2,314 Accounts payable3,701 2,898 Customer deposits486 503 Accrued taxes —Accrued income taxes57 8 Other accrued taxes997 860 Accrued interest682 652 Accrued compensation1,261 1,151 Asset retirement obligations731 744 Liabilities from risk management activities, net of collateral160 294 Operating lease obligations200 183 Natural gas cost over recovery193 214 Other regulatory liabilities369 141 Other current liabilities1,100 1,029 Total current liabilities15,993 13,467 Long-Term Debt58,768 57,210 Deferred Credits and Other Liabilities:Accumulated deferred income taxes11,730 10,990 Deferred credits related to income taxes4,434 4,674 Accumulated deferred ITCs2,056 2,067 Employee benefit obligations1,011 1,115 Operating lease obligations, deferred1,253 1,307 Asset retirement obligations, deferred9,203 9,573 Other cost of removal obligations2,