Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 196

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 196
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Property additions(1,523)(1,279)Business acquisition(635)— Nuclear decommissioning trust fund purchases(407)(448)Nuclear decommissioning trust fund sales407 448 Cost of removal, net of salvage(137)(123)Change in construction payables, net of joint owner portion(52)(32)Other investing activities(14)(26)Net cash used for investing activities(2,361)(1,460)Financing Activities:Increase in notes payable, net— (40)Proceeds —Senior notes1,100 — Short-term borrowings— 50 Other long-term debt4 6 Redemptions —Senior notes(250)— Revenue bonds— (21)Short-term borrowings— (50)Capital contributions from parent company591 488 Payment of common stock dividends(914)(886)Other financing activities(12)(3)Net cash provided from (used for) financing activities519 (456)Net Change in Cash, Cash Equivalents, and Restricted Cash(42)67 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period585 409 Cash, Cash Equivalents, and Restricted Cash at End of Period$543 $476 Supplemental Cash Flow Information:Cash paid during the period for —Interest (net of $16 and $13 capitalized for 2025 and 2024, respectively)$347 $356 Income taxes, net243 288 Noncash transactions —Accrued property additions at end of period96 106 Right-of-use assets obtained under operating leases8 11 Right-of-use assets obtained under finance leases4 — 

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

18

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

AssetsAt September 30, 2025At December 31, 2024(in millions)Current Assets:Cash and cash equivalents$543 $585 Receivables —Customer accounts577 512 Unbilled revenues197 187 Affiliated133 91 Other accounts and notes82 126 Accumulated provision for uncollectible accounts(22)(22)Fossil fuel stock267 339 Materials and supplies720 699 Prepaid expenses128 63 Other regulatory assets345 332