Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 28

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 28
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)Southern CompanySubject to amortization:Customer relationships$212 $(183)$29 $212 $(182)$30 Trade names64 (61)3 64 (59)5 PPA fair value adjustments390 (173)217 390 (168)222 Other3 (3)— 3 (3)— Total subject to amortization$669 $(420)$249 $669 $(412)$257 Not subject to amortization:FCC licenses75 — 75 75 — 75 Total other intangible assets$744 $(420)$324 $744 $(412)$332 Southern Power(*)PPA fair value adjustments$390 $(173)$217 $390 $(168)$222 Southern Company Gas(*)Gas marketing servicesCustomer relationships$156 $(151)$5 $156 $(150)$6 Trade names26 (24)2 26 (23)3 Total other intangible assets$182 $(175)$7 $182 $(173)$9 (*)All subject to amortization.Amortization associated with other intangible assets was as follows:Three Months Ended March 31,20252024(in millions)Southern Company(a)$8 $9 Southern Power(b)5 5 Southern Company GasGas marketing services2 2 (a)Includes $5 million recorded as a reduction to operating revenues for both periods presented.(b)Recorded as a reduction to operating revenues.

43

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

Cash, Cash Equivalents, and Restricted CashThe following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed balance sheets that total to the amount shown in the condensed statements of cash flows for the applicable Registrants:Southern CompanyGeorgia PowerSouthern PowerSouthernCompany Gas(in millions)At March 31, 2025Cash and cash equivalents$2,327 $383 $188 $87 Restricted cash(a):Other current assets5 — 4 — Total cash, cash equivalents, and restricted cash(b)$2,332 $383 $192 $87 At December 31, 2024Cash and cash equivalents$1,070 $97 $159 $43 Restricted cash(a):Other current assets31 21 9