Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 267

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 267
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4Operating revenues$749 $8 $70 $827 $7 $(3)$831 Other segment items(*)420 2 52 474 7 (3)478 Depreciation and amortization152 1 4 157 1 — 158 Earnings from equity method investments— 32 — 32 — — 32 Interest expense76 9 2 87 (4)— 83 Income taxes21 6 3 30 6 — 36 Segment net income (loss)$80 $22 $9 $111 $(3)$— $108 Six Months Ended June 30, 2024Operating revenues$2,212 $16 $305 $2,533 $13 $(8)$2,538 Other segment items(*)1,246 4 193 1,443 8 (8)1,443 Depreciation and amortization303 2 7 312 1 — 313 Earnings from equity method investments— 76 — 76 — — 76 Interest expense154 18 2 174 (7)— 167 Income taxes (benefit)127 16 29 172 2 — 174 Segment net income$382 $52 $74 $508 $9 $— $517 Total assets at December 31, 2024$24,067 $1,573 $1,696 $27,336 $10,047 $(11,206)$26,177 (*)Primarily consists of cost of natural gas, other operations and maintenance, taxes other than income taxes, AFUDC equity, and non-service cost-related retirement benefits income.

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    Table of Contents                                Index to Financial Statements

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

PageCombined Management's Discussion and Analysis of Financial Condition and Results of OperationsOverview94Results of Operations96Southern Company96Alabama Power104Georgia Power108Mississippi Power114Southern Power118Southern Company Gas122Future Earnings Potential127Accounting Policies133Financial Condition and Liquidity133

The following Management's Discussion and Analysis of Financial Condition and Results of Operations is a combined presentation; however, information contained herein relating to any individual Registrant is filed by such Registrant on its own behalf and