Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 2814

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 2814
---
,702 $5,962 Total operating revenues4,456 4,702 5,962 Operating Expenses: Cost of natural gas1,196 1,644 3,004 Other operations and maintenance1,235 1,187 1,172 Depreciation and amortization650 582 559 Taxes other than income taxes248 262 282 Impairment charges— — 131 Estimated loss on regulatory disallowance— 88 — Total operating expenses3,329 3,763 5,148 Operating Income1,127 939 814 Other Income and (Expense):Earnings from equity method investments146 140 148 Interest expense, net of amounts capitalized(341)(310)(263)Other income (expense), net66 57 53 Total other income and (expense)(129)(113)(62)Earnings Before Income Taxes998 826 752 Income taxes258 211 180 Net Income$740 $615 $572 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

Southern Company Gas and Subsidiary Companies

202420232022(in millions)Net Income$740 $615 $572 Other comprehensive income (loss):Qualifying hedges:Changes in fair value, net of tax of $(3), $(18), and $5, respectively(9)(45)13 Reclassification adjustment for amounts included in net income,   net of tax of $12, $19, and $(9), respectively30 46 (24)Pension and other postretirement benefit plans:Benefit plan net gain (loss),   net of tax of $5, $(7), and $8, respectively11 (15)18 Reclassification adjustment for amounts included in net income,   net of tax of $(1), $—, and $—, respectively— (1)— Total other comprehensive income (loss)32 (15)7 Comprehensive Income$772 $600 $579 

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

II-109

    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024,