Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 15

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 15
---
 revenues, affiliates81 51 Other revenues20 11 Total operating revenues420 342 Operating Expenses:Fuel and purchased power166 111 Other operations and maintenance84 88 Depreciation and amortization52 47 Taxes other than income taxes33 31 Total operating expenses335 277 Operating Income85 65 Other Income and (Expense):Interest expense, net of amounts capitalized(20)(19)Other income (expense), net6 14 Total other income and (expense)(14)(5)Earnings Before Income Taxes71 60 Income taxes16 10 Net Income$55 $50 

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

For the Three Months Ended March 31, 20252024 (in millions)Net Income$55 $50 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $— and $2, respectively— 5 Total other comprehensive income— 5 Comprehensive Income$55 $55 

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

26

    Table of Contents                                Index to Financial Statements

MISSISSIPPI POWER COMPANY

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Net income$55 $50 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total56 50 Deferred income taxes(7)(3)Pension, postretirement, and other employee benefits(5)(4)Settlement of asset retirement obligations(4)(4)Other, net7 7 Changes in certain current assets and liabilities —-Receivables(16)21 -Retail fuel cost under recovery(13)3 -Fossil fuel stock13 (13)-Other current assets10 — -Accounts payable(4)(34)-Accrued taxes(64)(59)-Accrued compensation(23)(21)-Other current liabilities(16)— Net cash used for operating activities(11)(7)Investing Activities:Property additions(72)(80)Contributions in aid of construction57 1 Cost of removal, net of salvage(8)(12)Change in construction payables, net of joint