Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 128

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 128
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, at fair value2,611 2,621 Equity investments in unconsolidated subsidiaries1,439 1,416 Other intangible assets, net of amortization of $420 and $412, respectively324 332 Miscellaneous property and investments690 668 Total other property and investments10,225 10,198 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization1,426 1,386 Deferred charges related to income taxes895 889 Prepaid pension costs2,781 2,674 Unamortized loss on reacquired debt199 203 Deferred under recovered fuel clause revenues389 485 Regulatory assets – asset retirement obligations, deferred5,465 5,458 Other regulatory assets, deferred7,187 7,037 Other deferred charges and assets1,396 1,467 Total deferred charges and other assets19,738 19,599 Total Assets$148,109 $145,180 

The accompanying notes as they relate to Southern Company are an integral part of these condensed consolidated financial statements.

13

    Table of Contents                                Index to Financial Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholders' EquityAt March 31, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$5,168 $4,718 Notes payable514 1,338 Accounts payable3,094 3,701 Customer deposits458 486 Accrued taxes —Accrued income taxes53 57 Other accrued taxes600 997 Accrued interest600 682 Accrued compensation683 1,261 Asset retirement obligations748 731 Liabilities from risk management activities, net of collateral99 160 Operating lease obligations200 200 Natural gas cost over recovery16 193 Other regulatory liabilities422 369 Other current liabilities1,115 1,100 Total current liabilities13,770 15,993 Long-term Debt62,939 58,768 Deferred Credits and Other Liabilities:Accumulated deferred income taxes12,181 11,730 Deferred credits related to income taxes4,372 4,434 Accumulated deferred ITCs2,034