Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1055

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1055
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202420232022 (in millions)Operating Activities:Consolidated net income$4,260 $3,849 $3,428 Adjustments to reconcile consolidated net income   to net cash provided from operating activities —Depreciation and amortization, total5,266 4,986 4,064 Deferred income taxes536 63 670 Utilization of federal tax credit carryforward90 353 88 Allowance for equity funds used during construction(235)(268)(224)Pension, postretirement, and other employee benefits(556)(527)(436)Settlement of asset retirement obligations(566)(617)(455)Storm damage and reliability reserve accruals163 124 430 Stock based compensation expense132 137 127 Estimated loss on Plant Vogtle Units 3 and 4(21)(68)183 Retail fuel cost under recovery – long-term(32)(206)(2,166)Natural gas cost under recovery – long-term— — 207 Storm damage cost recovery – long-term(631)— — Other, net(39)(138)226 Changes in certain current assets and liabilities —-Receivables(372)482 (771)-Retail fuel cost under recovery984 686 (100)-Fossil fuel for generation140 (368)(125)-Materials and supplies(189)(345)(160)-Natural gas cost under recovery— 108 158 -Other current assets(47)(106)(186)-Accounts payable492 (863)1,021 -Accrued taxes206 23 51 -Customer refunds83 (157)119 -Natural gas cost over recovery(21)214 — -Other current liabilities145 191 153 Net cash provided from operating activities9,788 7,553 6,302 Investing Activities:Property additions(8,955)(9,095)(7,923)Nuclear decommissioning trust fund purchases(1,551)(1,142)(1,125)Nuclear decommissioning trust fund sales1,535 1,121 1,112 Proceeds from dispositions369 164 275 Cost of removal, net of salvage(632)(592)(649)Change in construction payables, net106 18 203 Payments pursuant to LTSAs(108)(99)(190)Other investing activities(164)(43)(133)Net cash used for investing activities(