Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 593

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 593
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 1.6 154 169 71 Southern Power125 158 166 5.4 5.6 2.3 256 359 350 Southern Company Gas:Southern Company Gas Capital$95 $163 $279 5.3 %5.3 %1.8 %$405 $440 $547 Nicor Gas141 88 349 5.3 5.1 2.1 397 483 830 Southern Company Gas Total$236 $251 $628 5.3 %5.2 %2.0 %

(*)    Average and maximum amounts are based upon daily balances during the 12-month periods ended December 31, 2024, 2023, and 2022.

Analysis of Cash Flows

Net cash flows provided from (used for) operating, investing, and financing activities in 2024 and 2023 are presented in the following table:

Net cash provided from (used for):Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)2024Operating activities$9,788 $2,895 $4,793 $406 $708 $1,552 Investing activities(9,400)(1,987)(4,896)(373)(330)(1,711)Financing activities(208)(732)146 (58)(354)168 2023Operating activities$7,553 $2,079 $2,752 $369 $1,096 $1,762 Investing activities(9,668)(2,196)(5,079)(370)(265)(1,656)Financing activities999 (161)1,922 (20)(820)(154)

Fluctuations in cash flows from financing activities vary from year to year based on capital needs and the maturity or redemption of securities.

Southern Company

Net cash provided from operating activities increased $2.2 billion in 2024 as compared to 2023 primarily due to the timing of vendor payments, increased retail fuel cost recovery primarily at Georgia Power, and the timing of fossil fuel stock purchases, partially offset by the timing of customer receivable collections, storm restoration costs at Georgia Power, and decreased natural gas cost recovery at the natural gas distribution utilities.

The net cash used for investing activities in 2024 and 2023 was primarily related to the Subsidiary Registr