Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 4

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 4
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 these condensed consolidated financial statements.

12

    Table of Contents                                Index to Financial Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

AssetsAt June 30, 2025At December 31, 2024 (in millions)Current Assets:Cash and cash equivalents$1,264 $1,070 Receivables —Customer accounts2,301 2,228 Unbilled revenues895 825 Under recovered fuel clause revenues684 713 Other accounts and notes553 597 Accumulated provision for uncollectible accounts(83)(74)Materials and supplies2,138 2,178 Fossil fuel for generation740 803 Natural gas for sale197 388 Prepaid expenses482 294 Assets from risk management activities, net of collateral70 39 Regulatory assets – asset retirement obligations389 353 Other regulatory assets732 804 Other current assets439 476 Total current assets10,801 10,694 Property, Plant, and Equipment:In service140,888 137,143 Less: Accumulated depreciation41,703 40,126 Plant in service, net of depreciation99,185 97,017 Other utility plant, net363 410 Nuclear fuel, at amortized cost907 873 Construction work in progress7,686 6,389 Total property, plant, and equipment108,141 104,689 Other Property and Investments:Goodwill5,161 5,161 Nuclear decommissioning trusts, at fair value2,762 2,621 Equity investments in unconsolidated subsidiaries1,425 1,416 Other intangible assets, net of amortization of $428 and $412, respectively316 332 Miscellaneous property and investments699 668 Total other property and investments10,363 10,198 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization1,405 1,386 Deferred charges related to income taxes899 889 Prepaid pension costs2,881 2,674 Unamortized loss on reacquired debt195 203 Deferred under recovered fuel clause revenues325 485 Regulatory assets – asset retirement obligations, deferred5,115 5,458 Other regulatory assets, deferred7,338