Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1072

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1072
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 on Plant Vogtle Units 3 and 4(21)(68)183 Total operating expenses7,790 7,299 9,232 Operating Income3,541 2,819 2,352 Other Income and (Expense):Allowance for equity funds used during construction152 165 140 Interest expense, net of amounts capitalized(725)(626)(485)Other income (expense), net178 170 176 Total other income and (expense)(395)(291)(169)Earnings Before Income Taxes3,146 2,528 2,183 Income taxes603 448 370 Net Income$2,543 $2,080 $1,813 

STATEMENTS OF COMPREHENSIVE INCOME

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

Georgia Power Company

 202420232022(in millions)Net Income$2,543 $2,080 $1,813 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $6, $(1), and $8, respectively18 (2)23 Reclassification adjustment for amounts included in net income,   net of tax of $1, $2, and $2, respectively4 5 5 Total other comprehensive income22 3 28 Comprehensive Income$2,565 $2,083 $1,841 

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

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    Table of Contents                                Index to Financial Statements

STATEMENTS OF CASH FLOWS

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

Georgia Power Company

 202420232022 (in millions)Operating Activities:Net income$2,543 $2,080 $1,813 Adjustments to reconcile net income   to net cash provided from operating activities —Depreciation and amortization, total2,080 1,914 1,622 Deferred income taxes369 184 313 Allowance for equity funds used during construction(152)(165)(140)Pension, postretirement, and other employee benefits(288)(272)(240)Settlement of asset retirement obligations(270)(304)(212)Storm damage accruals31 31 213 Estimated loss on Plant Vogtle Units 3