Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 23

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 23
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2024 (in millions)(in millions)Net Income$24 $71 $47 $109 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of    $11, $(1), $17, and $(5), respectively35 (4)52 (15)Reclassification adjustment for amounts included in net income,    net of tax of $(10), $2, $(15), and $6, respectively(33)7 (48)18 Pension and other postretirement benefit plans:Benefit plan net gain (loss), net of tax of    $—, $—, $—, and $—, respectively— — — 1 Total other comprehensive income2 3 4 4 Comprehensive Income26 74 51 113 Comprehensive loss attributable to noncontrolling interests(27)(15)(91)(73)Comprehensive Income Attributable to Southern Power$53 $89 $142 $186 

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

31

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Six Months Ended June 30, 20252024 (in millions)Operating Activities:Net income$47 $109 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total340 252 Deferred income taxes(2)13 Amortization of ITCs(29)(29)Other, net(18)(24)Changes in certain current assets and liabilities —-Receivables(71)(61)-Other current assets2 (3)-Accounts payable(20)(22)-Accrued compensation(11)(11)-Other current liabilities(6)6 Net cash provided from operating activities232 230 Investing Activities:Property additions(392)(114)Payments pursuant to LTSAs(26)(20)Other investing activities— 7 Net cash used for investing activities(418)(127)Financing Activities:Increase in notes payable, net201 87 Capital contributions from parent company146 8 Capital contributions from noncontrolling interests23 11 Distributions to noncontrolling interests(