Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 204

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 204
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 data presented in the financial statements have been reclassified to conform to the current year presentation. These reclassifications had no impact on the overall results of operations, financial position, or cash flows of any Registrant.Goodwill and Other Intangible AssetsGoodwill at both June 30, 2025 and December 31, 2024 was as follows:Goodwill(in millions)Southern Company$5,161 Southern Company Gas:Gas distribution operations$4,034 Gas marketing services981 Southern Company Gas total$5,015 Goodwill is not amortized but is subject to an annual impairment test during the fourth quarter of each year, or more frequently if goodwill impairment indicators exist.

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Other intangible assets were as follows:At June 30, 2025At December 31, 2024Gross Carrying AmountAccumulated AmortizationOtherIntangible Assets, NetGross Carrying AmountAccumulated AmortizationOtherIntangible Assets, Net(in millions)(in millions)Southern CompanySubject to amortization:Customer relationships$212 $(184)$28 $212 $(182)$30 Trade names64 (63)1 64 (59)5 PPA fair value adjustments390 (178)212 390 (168)222 Other3 (3)— 3 (3)— Total subject to amortization$669 $(428)$241 $669 $(412)$257 Not subject to amortization:FCC licenses75 — 75 75 — 75 Total other intangible assets$744 $(428)$316 $744 $(412)$332 Southern Power(*)PPA fair value adjustments$390 $(178)$212 $390 $(168)$222 Southern Company Gas(*)Gas marketing servicesCustomer relationships$156 $(151)$5 $156 $(150)$6 Trade names26 (25)1 26 (23)3 Total other intangible assets$182 $(176)$6 $182 $(173)$9 (*)All subject to amortization.Amortization associated with other intangible assets was as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Southern Company(a)$8