Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 7

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 7
---
 and (Expense):Allowance for equity funds used during construction18 14 Interest expense, net of amounts capitalized(108)(110)Other income (expense), net38 41 Total other income and (expense)(52)(55)Earnings Before Income Taxes486 418 Income taxes111 85 Net Income$375 $333 

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

For the Three Months Ended March 31, 20252024 (in millions)Net Income$375 $333 Other comprehensive income:Qualifying hedges:Reclassification adjustment for amounts included in net income,    net of tax of $— and $—, respectively1 — Total other comprehensive income1 — Comprehensive Income$376 $333 

The accompanying notes as they relate to Alabama Power are an integral part of these condensed financial statements.

16

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Net income$375 $333 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total404 398 Utilization of federal tax credit carryforward44 — Deferred income taxes37 (38)Pension, postretirement, and other employee benefits(52)(53)Settlement of asset retirement obligations(61)(53)Other, net(30)8 Changes in certain current assets and liabilities —-Receivables41 65 -Fossil fuel stock36 (6)-Prepayments(103)(94)-Retail fuel cost under recovery— 73 -Other current assets(11)(17)-Accounts payable(244)(403)-Accrued taxes116 160 -Accrued compensation(112)(93)-Customer refunds(95)— -Other current liabilities(118)(32)Net cash provided from operating activities227 248 Investing Activities:Property additions(512)(416)Nuclear decommissioning trust fund purchases(115)(190)Nuclear decommissioning trust fund sales115 190 Cost of removal, net of salvage(41)(34)Change in construction payables, net of joint owner portion(29)(43)Other investing activities(9)(3)