Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1080

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1080
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 amortization193 190 181 Taxes other than income taxes127 124 124 Total operating expenses1,167 1,214 1,470 Operating Income296 260 224 Other Income and (Expense):Interest expense, net of amounts capitalized(77)(71)(56)Other income (expense), net27 35 33 Total other income and (expense)(50)(36)(23)Earnings Before Income Taxes246 224 201 Income taxes47 36 37 Net Income$199 $188 $164 

STATEMENTS OF COMPREHENSIVE INCOME

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

Mississippi Power Company

202420232022(in millions)Net Income$199 $188 $164 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $2, $—, and $—, respectively5 — — Total other comprehensive income5 — — Comprehensive Income$204 $188 $164 

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

II-92

    Table of Contents                                Index to Financial Statements

STATEMENTS OF CASH FLOWS

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

Mississippi Power Company

 202420232022 (in millions)Operating Activities:Net income$199 $188 $164 Adjustments to reconcile net income   to net cash provided from operating activities —Depreciation and amortization, total209 232 223 Deferred income taxes16 (13)(6)Pension, postretirement, and other employee benefits(21)(20)(18)Settlement of asset retirement obligations(17)(18)(20)System restoration rider and reliability reserve accruals35 23 32 Retail fuel cost under recovery – long-term(32)(50)— Other, net5 (5)21 Changes in certain current assets and liabilities —-Receivables(14)85 (82)-Materials and supplies(13)(9)(10)-Other current assets(21)7 (15)-Accounts payable(10)(81)97 -Accrued taxes(2)(7)5 -Retail fuel cost over recovery55 27 — -Other current liabilities17