Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 4607

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 3
Chunk 4607
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202 Other revenues439 407 419 Total operating revenues7,554 7,050 7,817 Operating Expenses:Fuel1,358 1,299 1,840 Purchased power, non-affiliates199 253 441 Purchased power, affiliates175 251 360 Other operations and maintenance1,895 1,769 1,935 Depreciation and amortization1,459 1,401 875 Taxes other than income taxes471 442 424 Total operating expenses5,557 5,415 5,875 Operating Income1,997 1,635 1,942 Other Income and (Expense):Allowance for equity funds used during construction57 82 70 Interest expense, net of amounts capitalized(448)(425)(382)Other income (expense), net157 159 144 Total other income and (expense)(234)(184)(168)Earnings Before Income Taxes1,763 1,451 1,774 Income taxes360 81 423 Net Income1,403 1,370 1,351 Dividends on Preferred Stock— — 11 Net Income After Dividends on Preferred Stock$1,403 $1,370 $1,340 

STATEMENTS OF COMPREHENSIVE INCOME

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

Alabama Power Company

202420232022(in millions)Net Income$1,403 $1,370 $1,351 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $—, $—, and $—, respectively— — (1)Reclassification adjustment for amounts included in net income,   net of tax of $1, $1, and $2, respectively2 2 5 Total other comprehensive income2 2 4 Comprehensive Income$1,405 $1,372 $1,355 

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

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    Table of Contents                                Index to Financial Statements

STATEMENTS OF CASH FLOWS

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

Alabama Power Company 202420232022 (in millions)Operating Activities:Net income$1