Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 4867

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 4867
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849 Other Property and Investments:Intangible assets, net of amortization of $168 and $148, respectively223 243 Net investment in sales-type leases143 148 Total other property and investments366 391 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization484 488 Prepaid LTSAs234 248 Other deferred charges and assets232 262 Total deferred charges and other assets950 998 Total Assets$12,653 $12,761 

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

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CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Power Company and Subsidiary Companies

Liabilities and Stockholders' Equity20242023(in millions)Current Liabilities:Securities due within one year$500 $— Notes payable— 138 Accounts payable —Affiliated80 82 Other100 91 Accrued taxes18 26 Accrued interest26 27 Operating lease obligations29 29 Other current liabilities96 97 Total current liabilities849 490 Long-Term Debt2,180 2,711 Deferred Credits and Other Liabilities:Accumulated deferred income taxes712 614 Accumulated deferred ITCs1,440 1,498 Operating lease obligations, deferred511 517 Other deferred credits and liabilities279 233 Total deferred credits and other liabilities2,942 2,862 Total Liabilities5,971 6,063 Common Stockholder's Equity:Common stock, par value $0.01 per share    (Authorized - 1 million shares; Outstanding - 1,000 shares)— — Paid-in capital1,306 1,088 Retained earnings1,912 1,846 Accumulated other comprehensive loss(2)(17)Total common stockholder's equity3,216 2,917 Noncontrolling Interests3,466 3,781 Total Stockholders' Equity (See accompanying statements)6,682 6,698 Total Liabilities and Stockholders' Equity$12,653 $12,761 Commitments and Contingent Matters (See notes)

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

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