Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 3

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 3
---
, Cash Equivalents, and Restricted Cash at Beginning of Period1,101 921 Cash, Cash Equivalents, and Restricted Cash at End of Period$2,332 $832 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $29 and $28 capitalized for 2025 and 2024, respectively)$756 $714 Income taxes, net (excludes credit transfers)(1)(9)Noncash transactions —Accrued property additions at end of period940 580 Right-of-use assets obtained under operating leases87 14 Right-of-use assets obtained under finance leases13 — Issuance of common stock under dividend reinvestment plan55 33 

The accompanying notes as they relate to Southern Company are an integral part of 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 March 31, 2025At December 31, 2024 (in millions)Current Assets:Cash and cash equivalents$2,327 $1,070 Receivables —Customer accounts2,463 2,228 Unbilled revenues684 825 Under recovered fuel clause revenues707 713 Other accounts and notes501 597 Accumulated provision for uncollectible accounts(81)(74)Materials and supplies2,167 2,178 Fossil fuel for generation738 803 Natural gas for sale149 388 Prepaid expenses441 294 Assets from risk management activities, net of collateral134 39 Regulatory assets – asset retirement obligations371 353 Other regulatory assets699 804 Other current assets517 476 Total current assets11,817 10,694 Property, Plant, and Equipment:In service138,749 137,143 Less: Accumulated depreciation40,909 40,126 Plant in service, net of depreciation97,840 97,017 Other utility plant, net378 410 Nuclear fuel, at amortized cost890 873 Construction work in progress7,221 6,389 Total property, plant, and equipment106,329 104,689 Other Property and Investments:Goodwill5,161 5,161 Nuclear decommissioning trusts