Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 19

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 19
---
 income:Qualifying hedges:Changes in fair value, net of tax of $5 and $(4), respectively16 (11)Reclassification adjustment for amounts included in net income,    net of tax of $(5) and $4, respectively(14)12 Pension and other postretirement benefit plans:Benefit plan net gain (loss), net of tax of $— and $—, respectively— 1 Total other comprehensive income2 2 Comprehensive Income25 40 Comprehensive loss attributable to noncontrolling interests(64)(58)Comprehensive Income Attributable to Southern Power$89 $98 

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

31

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Net income$23 $38 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total158 121 Amortization of ITCs(15)(15)Other, net6 (5)Changes in certain current assets and liabilities —-Receivables(11)46 -Other current assets5 2 -Accounts payable(27)(57)-Accrued compensation(15)(14)-Other current liabilities22 5 Net cash provided from operating activities146 121 Investing Activities:Property additions(187)(28)Change in construction payables39 (12)Payments pursuant to LTSAs(13)(11)Other investing activities— 7 Net cash used for investing activities(161)(44)Financing Activities:Increase in notes payable, net— 4 Capital contributions from parent company130 — Capital contributions from noncontrolling interests19 9 Distributions to noncontrolling interests(37)(34)Payment of common stock dividends(70)(65)Other financing activities(3)(3)Net cash provided from (used for) financing activities39 (89)Net Change in Cash, Cash Equivalents, and Restricted Cash24 (12)Cash, Cash Equivalents, and Restricted Cash at Beginning of Period168 144 Cash, Cash Equival