Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 117

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 117
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31, 2025 was primarily related to issuances of senior notes and capital contributions from Southern Company, partially offset by common stock dividend payments.

Mississippi Power

Net cash used for operating activities increased $4 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to the timing of customer receivable collections, partially offset by the timing of vendor payments.

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to gross property additions, partially offset by contributions in aid of construction.

The net cash provided from financing activities for the three months ended March 31, 2025 was primarily related to issuances of senior notes and capital contributions from Southern Company, partially offset by common stock dividend payments.

Southern Power

Net cash provided from operating activities increased $25 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to an increase in wholesale revenues, driven by higher market prices and increased demand for energy, and the timing of vendor payments, partially offset by the timing of customer receivable collections. 

116

    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to ongoing construction activities. See Note (K) to the Condensed Financial Statements under "Southern Power" herein for additional information.

The net cash provided from financing activities for the three months ended March 31, 2025 was primarily related to capital contributions from Southern Company, largely offset by common stock dividend payments and net distributions to noncontrolling interests.

Southern Company Gas

Net cash provided from operating activities increased $89 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to the timing of natural gas purchases, partially offset by lower natural gas cost recovery.

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to construction of transportation and distribution assets recovered through base rates.

The net cash used for financing activities for the three months ended March 31, 2025 was primarily related to common stock dividend payments and a reduction in commercial paper borrowings.

Significant Balance Sheet Changes

Southern Company

Significant balance sheet changes for the three