Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1740

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1740
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 construction payables, net(19)(38)65 Investments in unconsolidated subsidiaries(82)(11)(165)Proceeds from dispositions3 42 150 Other investing activities16 16 15 Net cash used for investing activities(1,711)(1,656)(1,580)Financing Activities:Increase (decrease) in notes payable, net40 (153)(341)Proceeds —Senior notes450 500 500 First mortgage bonds275 275 175 Short-term borrowings— — 50 Other long-term debt8 37 22 Redemptions and repurchases —First mortgage bonds— (50)— Short-term borrowings— (200)(150)Medium-term notes— (350)(46)Capital contributions from parent company16 373 406 Payment of common stock dividends(605)(585)(519)Other financing activities(16)(1)(1)Net cash provided from (used for) financing activities168 (154)96 Net Change in Cash, Cash Equivalents, and Restricted Cash9 (48)35 Cash, Cash Equivalents, and Restricted Cash at Beginning of Year35 83 48 Cash, Cash Equivalents, and Restricted Cash at End of Year$44 $35 $83 Supplemental Cash Flow Information:Cash paid during the period for —Interest (net of $21, $16, and $10 capitalized, respectively)$329 $291 $258 Income taxes, net59 91 208 Noncash transactions — Accrued property additions at year-end113 139 177 

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

II-110

    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Company Gas and Subsidiary Companies

Assets20242023(in millions)Current Assets:  Cash and cash equivalents$43 $33 Receivables —  Customer accounts399 405 Unbilled revenues244 261 Other accounts and notes45 47 Accumulated provision for uncollectible accounts(33)(44)Natural gas for sale388 420 Prepaid expenses45 107 Other regulatory assets187 141 Other current assets121 116 Total current assets1,439 1,486