Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 73

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 73
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3 168 1 — 169 Earnings from equity method investments— 39 — 39 — — 39 Interest expense82 9 1 92 — — 92 Income taxes (benefit)104 9 26 139 (9)— 130 Segment net income$315 $27 $65 $407 $11 $— $418 Total assets at March 31, 2025$24,626 $1,602 $1,754 $27,982 $10,528 $(12,276)$26,234 Three Months Ended March 31, 2024Operating revenues$1,463 $8 $235 $1,706 $6 $(5)$1,707 Other segment items(*)827 2 140 969 1 (5)965 Depreciation and amortization150 1 4 155 — — 155 Earnings from equity method investments— 44 — 44 — — 44 Interest expense78 9 — 87 (3)— 84 Income taxes (benefit)106 10 26 142 (4)— 138 Segment net income$302 $30 $65 $397 $12 $— $409 Total assets at December 31, 2024$24,067 $1,573 $1,696 $27,336 $10,047 $(11,206)$26,177 (*)Primarily consists of cost of natural gas, other operations and maintenance, taxes other than income taxes, AFUDC equity, and non-service cost-related retirement benefits income.

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    Table of Contents                                Index to Financial Statements

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

PageCombined Management's Discussion and Analysis of Financial Condition and Results of OperationsOverview83Results of Operations84Southern Company84Alabama Power89Georgia Power93Mississippi Power97Southern Power100Southern Company Gas103Future Earnings Potential107Accounting Policies112Financial Condition and Liquidity112

The following Management's Discussion and Analysis of Financial Condition and Results of Operations is a combined presentation; however, information contained herein relating to any individual Registrant is filed by such Registrant on its own behalf and each Registrant makes no representation as to information related to