Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 8

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 8
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Net cash used for investing activities(591)(496)Financing Activities:Increase in notes payable, net— 65 Proceeds —Senior notes500 — Other long-term debt2 2 Redemptions —Revenue bonds— (21)Capital contributions from parent company525 425 Payment of common stock dividends(305)(295)Other financing activities(4)(1)Net cash provided from financing activities718 175 Net Change in Cash, Cash Equivalents, and Restricted Cash354 (73)Cash, Cash Equivalents, and Restricted Cash at Beginning of Period585 409 Cash, Cash Equivalents, and Restricted Cash at End of Period$939 $336 Supplemental Cash Flow Information:Cash paid during the period for —Interest (net of $5 and $4 capitalized for 2025 and 2024, respectively)$139 $144 Noncash transactions —Accrued property additions at end of period119 95 Right-of-use assets obtained under operating leases1 7 

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

17

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

AssetsAt March 31, 2025At December 31, 2024(in millions)Current Assets:Cash and cash equivalents$939 $585 Receivables —Customer accounts489 512 Unbilled revenues154 187 Affiliated104 91 Other accounts and notes68 126 Accumulated provision for uncollectible accounts(20)(22)Fossil fuel stock303 339 Materials and supplies716 699 Prepaid expenses165 63 Other regulatory assets305 332 Other current assets110 79 Total current assets3,333 2,991 Property, Plant, and Equipment:In service36,959 36,501 Less: Accumulated provision for depreciation11,939 11,741 Plant in service, net of depreciation25,020 24,760 Other utility plant, net378 410 Nuclear fuel, at amortized cost267 262 Construction work in progress1,344 1,377 Total property, plant, and equipment27,009 26,809 Other Property and Investments:Nuclear decommissioning trusts, at fair value1,371 1,