Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 145

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 145
---
 (in millions)Current Liabilities:Securities due within one year$899 $500 Accounts payable —Affiliated68 80 Other119 100 Accrued taxes44 18 Accrued interest26 26 Operating lease obligations29 29 Other current liabilities82 96 Total current liabilities1,267 849 Long-term Debt1,802 2,180 Deferred Credits and Other Liabilities:Accumulated deferred income taxes715 712 Accumulated deferred ITCs1,426 1,440 Operating lease obligations, deferred510 511 Other deferred credits and liabilities268 279 Total deferred credits and other liabilities2,919 2,942 Total Liabilities5,988 5,971 Total Stockholders' Equity (See accompanying statements)6,749 6,682 Total Liabilities and Stockholders' Equity$12,737 $12,653 

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

34

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

Paid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Total CommonStockholder's EquityNoncontrolling InterestsTotal(in millions)Balance at December 31, 2023$1,088 $1,846 $(17)$2,917 $3,781 $6,698 Net income (loss)— 96 — 96 (58)38 Other comprehensive income— — 2 2 — 2 Cash dividends on common stock— (65)— (65)— (65)Capital contributions from   noncontrolling interests— — — — 9 9 Distributions to noncontrolling interests— — — — (38)(38)Other— (1)— (1)— (1)Balance at March 31, 2024$1,088 $1,876 $(15)$2,949 $3,694 $6,643 

Balance at December 31, 2024$1,306 $1,912 $(2)$3,216 $3,466