Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 142

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 142
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 5 Cash dividends on common stock— — — (47)— (47)Balance at March 31, 20241 $38 $4,722 $(2,753)$5 $2,012 Balance at December 31, 20241 $38 $4,791 $(2,745)$5 $2,089 Net income— — — 55 — 55 Capital contributions from parent company— — 51 — — 51 Other comprehensive income— — — — — — Cash dividends on common stock— — — (48)— (48)Other— — — — (1)(1)Balance at March 31, 20251 $38 $4,842 $(2,738)$4 $2,146 

The accompanying notes as they relate to Mississippi Power are an integral part of these condensed financial statements.

30

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Revenues:Wholesale revenues, non-affiliates$447 $369 Wholesale revenues, affiliates116 92 Other revenues4 12 Total operating revenues567 473 Operating Expenses:Fuel207 156 Purchased power28 18 Other operations and maintenance123 121 Depreciation and amortization152 118 Taxes other than income taxes12 10 Total operating expenses522 423 Operating Income45 50 Other Income and (Expense):Interest expense, net of amounts capitalized(26)(29)Other income (expense), net3 3 Total other income and (expense)(23)(26)Earnings Before Income Taxes22 24 Income taxes (benefit)(1)(14)Net Income23 38 Net loss attributable to noncontrolling interests(64)(58)Net Income Attributable to Southern Power$87 $96 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Net Income$23 $38 Other comprehensive