Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 91

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 91
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2,327 Earnings from equity method investments2 — — 2 76 78 (2)1 77 Interest expense635 59 — 694 167 861 508 (11)1,358 Income taxes (benefit)482 (1)— 481 174 655 (142)— 513 Segment net income (loss)(d)(e)$2,012 $182 $— $2,194 $517 $2,711 $(368)$(11)$2,332 At December 31, 2024Goodwill$— $2 $— $2 $5,015 $5,017 $144 $— $5,161 Total assets105,577 12,653 (1,025)117,205 26,177 143,382 2,371 (573)145,180 (a)Primarily consists of fuel, purchased power, cost of natural gas, cost of other sales, other operations and maintenance, taxes other than income taxes, AFUDC equity, non-service cost-related retirement benefits income, and net income (loss) attributable to noncontrolling interests.(b)For Southern Power, includes accelerated depreciation related to the repowering of the Kay Wind, Grant Plains, and Grant Wind facilities of $42 million ($31 million after tax, net of noncontrolling interest impacts) and $69 million ($51 million after tax, net of noncontrolling interest impacts) for the three and six months ended June 30, 2025, respectively. See Note (K) under "Southern Power – Wind Repowering Projects" herein and Note 15 to the financial statements under "Southern Power – Development Projects" in Item 8 of the Form 10-K for additional information.(c)For all other, includes a pre-tax loss of $129 million ($97 million after tax) associated with the extinguishment of debt at the parent company. See Note (F) under "Convertible Senior Notes" herein for additional information.(d)Attributable to Southern Company.(e)For the traditional electric operating companies, includes a pre-tax credit to income at Georgia Power of $21 million ($16 million after tax) related to the estimated probable loss associated with the completion of Plant Vogtle Units 3 and 4, as well as a pre-tax gain at Georgia Power of approximately $114