Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 175

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 175
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 part of the Plant Daniel acquisition and the timing of fossil fuel stock purchases, partially offset by decreased fuel cost recovery. See Note (B) to the Condensed Financial Statements "Mississippi Power – Plant Daniel" for additional information.

The net cash used for investing activities for the nine months ended September 30, 2025 was primarily related to gross property additions, partially offset by contributions in aid of construction.

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

The net cash used for financing activities for the nine months ended September 30, 2025 was primarily related to common stock dividend payments and a reduction in commercial paper borrowings, partially offset by issuances of senior notes and capital contributions from Southern Company.

Southern Power

Net cash provided from operating activities decreased $86 million for the nine months ended September 30, 2025 as compared to the corresponding period in 2024 primarily due to a change in the utilization of federal tax credit carryforwards, partially offset by the timing of customer receivable collections.

The net cash used for investing activities for the nine months ended September 30, 2025 was primarily related to ongoing construction activities. See Note (K) to the Condensed Financial Statements under "Southern Power" herein for additional information.

The net cash provided from financing activities for the nine months ended September 30, 2025 was primarily related to issuances of senior notes and capital contributions from Southern Company, partially offset by common stock dividend payments and net distributions to noncontrolling interests.

Southern Company Gas

Net cash provided from operating activities decreased $29 million for the nine months ended September 30, 2025 as compared to the corresponding period in 2024 primarily due to increased income tax payments, the timing of customer receivable collections, and a reduction in natural gas cost recovery, partially offset by the timing of recovery on certain regulatory clauses.

The net cash used for investing activities for the nine months ended September 30, 2025 was primarily related to construction of transportation and distribution assets recovered through base rates.

The net cash provided from financing activities for the nine months ended September 30, 2025 was primarily related to issuances of senior notes, partially offset by common stock dividend payments, a reduction in commercial paper borrowings, and the maturity of first mortgage bonds.

Significant Balance Sheet Changes

Southern Company

Significant balance sheet changes for the nine months ended