Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 662

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 662
---
 Credits and Other Liabilities:Accumulated deferred income taxes1,796 1,671 Deferred credits related to income taxes755 759 Employee benefit obligations78 110 Operating lease obligations30 40 Other cost of removal obligations1,846 1,771 Accrued environmental remediation198 192 Other deferred credits and liabilities231 196 Total deferred credits and other liabilities4,934 4,739 Total Liabilities15,181 14,280 Common Stockholder’s Equity:Common stock, par value $0.01 per share    (Authorized - 100 million shares; Outstanding - 100 shares)Paid-in capital10,863 10,836 Retained earnings (accumulated deficit)85 (49)Accumulated other comprehensive income48 16 Total common stockholder's equity (See accompanying statements)10,996 10,803 Total Liabilities and Stockholder's Equity$26,177 $25,083 Commitments and Contingent Matters (See notes)

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

II-112

    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

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

Southern Company Gas and Subsidiary Companies

Number of Common SharesIssuedCommon StockPaid-In CapitalRetained Earnings (Accumulated Deficit)AccumulatedOtherComprehensive Income (Loss)Total(in millions)Balance at December 31, 2021— $— $10,024 $(132)$24 $9,916 Net income— — — 572 — 572 Capital contributions from parent company— — 421 — — 421 Other comprehensive income— — — — 7 7 Cash dividends on common stock— — — (519)— (519)Balance at December 31, 2022— — 10,445 (79)31 10,397 Net income— — — 615 — 615 Capital contributions from parent company— — 391 — — 391 Other comprehensive income (loss)— — — — (15)(15)Cash dividends on common stock— — — (585)—