Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1087

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1087
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 $(10), $(1), and $(30), respectively(31)(3)(91)Reclassification adjustment for amounts included in net income,   net of tax of $12, $4, and $26, respectively39 11 81 Pension and other postretirement benefit plans:Benefit plan net gain (loss),   net of tax of $2, $(2), and $6, respectively7 (7)18 Reclassification adjustment for amounts included in net income,   net of tax of $—, $—, and $1, respectively— — 2 Total other comprehensive income15 1 10 Comprehensive loss attributable to noncontrolling interests(141)(127)(107)Comprehensive Income Attributable to Southern Power$343 $358 $364 

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

II-100

    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF CASH FLOWS

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

Southern Power Company and Subsidiary Companies

202420232022 (in millions)Operating Activities:Net income$187 $230 $247 Adjustments to reconcile net income   to net cash provided from operating activities —Depreciation and amortization, total537 524 543 Deferred income taxes(7)16 9 Utilization of federal tax credit carryforward75 332 49 Amortization of ITCs(58)(58)(58)Gain on dispositions, net— (20)(2)Other, net36 28 19 Changes in certain current assets and liabilities —-Receivables(39)121 (82)-Prepaid income taxes2 2 22 -Other current assets(24)(24)(11)-Accounts payable(3)(60)68 -Other current liabilities2 5 11 Net cash provided from operating activities708 1,096 815 Investing Activities:Acquisitions, net of cash acquired— (181)— Property additions(344)(118)(100)Change in construction payables35 21 (69)Proceeds from dispositions— 59 48 Payments pursuant to LTSAs(45)(50)(71)Other investing activities24 4 (2)Net cash used for investing activities(330