Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 4440

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 2
Chunk 4440
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)Proceeds from dispositions— 59 48 Payments pursuant to LTSAs(45)(50)(71)Other investing activities24 4 (2)Net cash used for investing activities(330)(265)(194)Financing Activities:Increase (decrease) in notes payable, net(129)(83)10 Redemptions — Senior notes— (290)(677)Capital contributions from parent company216 18 430 Capital contributions from noncontrolling interests11 21 73 Distributions to noncontrolling interests(185)(234)(259)Payment of common stock dividends(262)(252)(198)Other financing activities(5)— (2)Net cash used for financing activities(354)(820)(623)Net Change in Cash, Cash Equivalents, and Restricted Cash24 11 (2)Cash, Cash Equivalents, and Restricted Cash at Beginning of Year144 133 135 Cash, Cash Equivalents, and Restricted Cash at End of Year$168 $144 $133 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $7, $3, and $— capitalized, respectively)$107 $122 $142 Income taxes, net (excludes credit transfers)(32)(254)(15)Noncash transactions — Accrued property additions at year-end84 59 24 LTSA credits utilized from the sale of spare parts13 23 — Contributions from noncontrolling interests— — 15 

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

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    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Power Company and Subsidiary Companies

Assets20242023(in millions)Current Assets:Cash and cash equivalents$159 $124 Receivables —Customer accounts, net122 136 Affiliated39 37 Other90 54 Materials and supplies107 80 Other current assets82 92 Total current assets599 523 Property, Plant, and Equipment:In service14,961 14,690 Less: Accumulated provision for depreciation4,540 4,119 Plant in service, net of depreciation10,421 10,571 Construction work in progress317 278 Total property, plant, and