Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 2

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 2
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 June 30,For the Six Months Ended June 30, 2025202420252024 (in millions)(in millions)Consolidated Net Income$853 $1,188 $2,123 $2,259 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of    $11, $(1), $16, and $(1), respectively35 (5)49 (4)Reclassification adjustment for amounts included in net income,    net of tax of $(10), $5, $(14), and $17, respectively(31)15 (43)47 Pension and other postretirement benefit plans:Benefit plan net gain (loss), net of tax of    $—, $—, $—, and $1, respectively— — 1 3 Total other comprehensive income4 10 7 46 Comprehensive Income857 1,198 2,130 2,305 Comprehensive loss attributable to noncontrolling interests(27)(15)(91)(73)Consolidated Comprehensive Income Attributable to   Southern Company$884 $1,213 $2,221 $2,378 

The accompanying notes as they relate to Southern Company are an integral part of these condensed consolidated financial statements.

11

    Table of Contents                                Index to Financial Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Six Months Ended June 30, 20252024 (in millions)Operating Activities:Consolidated net income$2,123 $2,259 Adjustments to reconcile consolidated net income to net cash provided from operating activities — Depreciation and amortization, total2,860 2,572 Deferred income taxes453 247 Allowance for equity funds used during construction(153)(109)Pension, postretirement, and other employee benefits(253)(232)Settlement of asset retirement obligations(285)(267)Stock based compensation expense102 97 Storm damage cost recovery – long-term(238)— Other, net76 (116)Changes in certain current assets and liabilities —-Receivables(130)(284)-Retail fuel cost under recovery158 421 -Prepayments(109)(49)-Materials and supplies35