Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 627

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 627
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2,895 2,079 1,639 Investing Activities:Property additions(1,881)(2,022)(2,016)Nuclear decommissioning trust fund purchases(593)(301)(355)Nuclear decommissioning trust fund sales592 300 354 Cost of removal net of salvage(166)(178)(234)Change in construction payables, net of joint owner portion10 (44)50 Other investing activities51 49 (62)Net cash used for investing activities(1,987)(2,196)(2,263)Financing Activities:Increase (decrease) in notes payable, net(40)40 — Proceeds —Senior notes— 500 1,700 Revenue bonds— 326 — Short-term borrowings50 — — Other long-term debt8 29 — Redemptions and repurchases —Senior notes— (300)(750)Preferred stock— — (298)Revenue bonds(21)— — Short-term borrowings(50)— — Other long-term debt(22)— — Capital contributions from parent company527 407 649 Payment of common stock dividends(1,182)(1,141)(1,016)Other financing activities(2)(22)(34)Net cash provided from (used for) financing activities(732)(161)251 Net Change in Cash, Cash Equivalents, and Restricted Cash176 (278)(373)Cash, Cash Equivalents, and Restricted Cash at Beginning of Year409 687 1,060 Cash, Cash Equivalents, and Restricted Cash at End of Year$585 $409 $687 Supplemental Cash Flow Information:Cash paid during the period for —Interest (net of $18, $27, and $20 capitalized, respectively)$428 $397 $342 Income taxes, net387 315 121 Noncash transactions — Accrued property additions at year-end148 138 182 

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

II-79

    Table of Contents                                Index to Financial Statements

BALANCE SHEETS

At December 31, 2024 and 2023

Alabama Power Company

Assets20242023(in millions)Current Assets:Cash and cash equivalents$585 $324 Receivables —Customer accounts512 513 Unbilled revenues