Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 366

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 366
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 additions at year-end1,199 1,027 1,024 LTSA credits utilized from the sale of spare parts13 23 — Contributions from noncontrolling interests— — 15 Issuance of common stock under dividend reinvestment plan179 — — 

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

II-72

    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Company and Subsidiary Companies

Assets20242023(in millions)Current Assets:Cash and cash equivalents$1,070 $748 Receivables —Customer accounts2,228 2,030 Unbilled revenues825 786 Under recovered fuel clause revenues713 696 Other accounts and notes597 519 Accumulated provision for uncollectible accounts(74)(68)Materials and supplies2,178 1,989 Fossil fuel for generation803 943 Natural gas for sale388 420 Prepaid expenses294 406 Assets from risk management activities, net of collateral39 36 Regulatory assets – asset retirement obligations353 274 Other regulatory assets804 1,120 Other current assets476 533 Total current assets10,694 10,432 Property, Plant, and Equipment:In service137,143 128,428 Less: Accumulated depreciation40,126 37,725 Plant in service, net of depreciation97,017 90,703 Other utility plant, net410 499 Nuclear fuel, at amortized cost873 858 Construction work in progress6,389 7,784 Total property, plant, and equipment104,689 99,844 Other Property and Investments:Goodwill5,161 5,161 Nuclear decommissioning trusts, at fair value2,621 2,424 Equity investments in unconsolidated subsidiaries1,416 1,368 Other intangible assets, net of amortization of $412 and $376, respectively332 368 Miscellaneous property and investments668 665 Total other property and investments10,198 9,986 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization1,386 1,432 Deferred charges related to income taxes889 886 Prepaid pension costs