Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 148

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 148
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The accompanying notes as they relate to Southern Company Gas are an integral part of these condensed consolidated financial statements.

37

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

AssetsAt March 31, 2025At December 31, 2024(in millions)Current Assets:  Cash and cash equivalents$87 $43 Receivables —  Customer accounts564 399 Unbilled revenues193 244 Other accounts and notes42 45 Accumulated provision for uncollectible accounts(46)(33)Materials and supplies64 66 Natural gas for sale149 388 Prepaid expenses42 45 Other regulatory assets136 187 Other current assets49 55 Total current assets1,280 1,439 Property, Plant, and Equipment:  In service22,642 22,338 Less: Accumulated depreciation5,996 5,887 Plant in service, net of depreciation16,646 16,451 Construction work in progress1,029 1,057 Total property, plant, and equipment17,675 17,508 Other Property and Investments:Goodwill5,015 5,015 Equity investments in unconsolidated subsidiaries1,312 1,279 Other intangible assets, net of amortization of $175 and $173, respectively7 9 Miscellaneous property and investments25 25 Total other property and investments6,359 6,328 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization95 38 Prepaid pension costs196 191 Other regulatory assets, deferred485 481 Other deferred charges and assets144 192 Total deferred charges and other assets920 902 Total Assets$26,234 $26,177 

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

38

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt March 31, 2025At December 31, 2024(in millions)Current Liabilities:Securities