Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 160

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 160
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 plans:Benefit plan net gain (loss),   net of tax of $5, $(7), and $8, respectively11 (15)18 Reclassification adjustment for amounts included in net income,   net of tax of $(1), $—, and $—, respectively— (1)— Total other comprehensive income (loss)32 (15)7 Comprehensive Income$772 $600 $579 

The accompanying notes are an integral part of these consolidated financial statements.

II-109

    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024, 2023, and 2022

Southern Company Gas and Subsidiary Companies

202420232022(in millions)Operating Activities:Consolidated net income$740 $615 $572 Adjustments to reconcile net income to net cash   provided from operating activities —Depreciation and amortization, total643 582 558 Deferred income taxes132 126 17 Impairment charges— — 131 Natural gas cost under recovery – long-term— — 207 Estimated loss on regulatory disallowance— 96 — Other, net3 (74)(24)Changes in certain current assets and liabilities —-Receivables28 431 (345)-Natural gas for sale, net of temporary LIFO liquidation32 19 (77)-Prepaid income taxes63 (11)19 -Natural gas cost under recovery— 108 158 -Other current assets(52)(17)(6)-Accounts payable(6)(276)299 -Natural gas cost over recovery(21)214 — -Other current liabilities(10)(51)10 Net cash provided from operating activities1,552 1,762 1,519 Investing Activities:Property additions(1,541)(1,561)(1,533)Cost of removal, net of salvage(88)(104)(112)Change in construction payables, net(19)(38)65 Investments in unconsolidated subsidiaries(82)(11)(165)Proceeds from dispositions3 42 150 Other investing activities16 16 15 Net cash used for investing activities(1,711)(1,656)(1,580)Financing Activities:Increase (decrease