Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1353

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1353
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 fall below the quantitative threshold for separate disclosure, including storage and fuels operations. The "All Other" column included a natural gas storage facility in Texas through its sale in November 2022 and a natural gas storage facility in California through its sale in September 2023.Southern Company Gas' CODM utilizes segment expense information in the form of variances to budget to assess performance; therefore, Southern Company Gas has no reportable significant segment expenses.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Financial data for business segments for the years ended December 31, 2024, 2023, and 2022 was as follows:Gas Distribution OperationsGas Pipeline InvestmentsGas Marketing ServicesTotal Reportable SegmentsAll OtherEliminationsConsolidated(in millions)2024Operating revenues$3,899 $32 $516 $4,447 $23 $(14)$4,456 Other segment items(a)2,236 6 356 2,598 29 (14)2,613 Depreciation and amortization630 5 14 649 1 — 650 Earnings from equity method investments— 146 — 146 — — 146 Interest expense311 35 3 349 (8)— 341 Income taxes172 31 41 244 14 — 258 Segment net income (loss)$550 $101 $102 $753 $(13)$— $740 Total assets$24,067 $1,573 $1,696 $27,336 $10,047 $(11,206)$26,177 2023Operating revenues$4,105 $32 $548 $4,685 $36 $(19)$4,702 Other segment items(a)(b)2,702 5 402 3,109 34 (19)3,124 Depreciation and amortization561 5 15 581 1 — 582 Earnings from equity method investments— 140 — 140 — — 140 Interest expense275 32 3 310 — — 310 Income taxes126 32 37 195 16 — 211 Segment net income (loss)(b)$441 $98 $91 $630