Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1402

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1402
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004 Cost of other sales668 560 396 Other operations and maintenance6,539 6,093 6,824 Depreciation and amortization4,755 4,525 3,663 Taxes other than income taxes1,540 1,425 1,411 Estimated loss on Plant Vogtle Units 3 and 4(21)(68)183 Total operating expenses19,656 19,427 23,909 Operating Income7,068 5,826 5,370 Other Income and (Expense):Allowance for equity funds used during construction235 268 224 Earnings from equity method investments139 144 151 Interest expense, net of amounts capitalized(2,743)(2,446)(2,022)Other income (expense), net530 553 500 Total other income and (expense)(1,839)(1,481)(1,147)Earnings Before Income Taxes5,229 4,345 4,223 Income taxes969 496 795 Consolidated Net Income4,260 3,849 3,428 Dividends on preferred stock of subsidiaries— — 11 Net loss attributable to noncontrolling interests(141)(127)(107)Consolidated Net Income Attributable to Southern Company$4,401 $3,976 $3,524 Common Stock Data:Earnings per share —Basic$4.02 $3.64 $3.28 Diluted3.99 3.62 3.26 Average number of shares of common stock outstanding — (in millions)Basic1,096 1,092 1,075 Diluted1,102 1,098 1,081 

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

II-70

    Table of Contents                                Index to Financial Statements

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

Southern Company and Subsidiary Companies

202420232022(in millions)Consolidated Net Income$4,260 $3,849 $3,428 Other comprehensive income (loss):Qualifying hedges:Changes in fair value, net of tax of   $(2), $(17), and $(19), respectively(5)(