Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1940

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1940
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$(15)$— $615 Total assets$22,906 $1,534 $1,615 $26,055 $9,675 $(10,647)$25,083 2022Operating revenues$5,267 $32 $638 $5,937 $55 $(30)$5,962 Other segment items(a)(c)3,907 6 488 4,401 165 (30)4,536 Depreciation and amortization516 5 16 537 22 — 559 Earnings from equity method investments— 148 — 148 — — 148 Interest expense229 27 3 259 4 — 263 Income taxes (benefit)145 35 37 217 (37)— 180 Segment net income (loss)(c)$470 $107 $94 $671 $(99)$— $572 Total assets$22,040 $1,577 $1,616 $25,233 $8,943 $(9,555)$24,621 (a)Primarily consists of cost of natural gas, other operations and maintenance, taxes other than income taxes, impairment charges, estimated loss on regulatory disallowance, AFUDC equity, and non-service cost-related retirement benefits income.(b)For gas distribution operations, includes pre-tax charges totaling approximately $96 million ($72 million after tax) associated with the disallowance of certain capital investments at Nicor Gas. See Note 2 under "Southern Company Gas" for additional information.(c)For the "All Other" column, includes pre-tax impairment charges totaling approximately $131 million ($99 million after tax) related to the sale of natural gas storage facilities. See Note 15 under "Southern Company Gas" for additional information.

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    Table of Contents                                Index to Financial Statements

Item 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

Item 9A.CONTROLS AND PROCEDURES

Disclosure Controls and Procedures.

As of the end of the period covered by this Annual Report on Form 10-K, Southern Company, Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas conducted separate evaluations under the supervision and with the participation of each company's management, including