Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 2

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 2
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 Statements

THE SOUTHERN COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Three Months Ended March 31, 20252024 (in millions)Operating Activities:Consolidated net income$1,270 $1,071 Adjustments to reconcile consolidated net income to net cash provided from operating activities — Depreciation and amortization, total1,411 1,261 Deferred income taxes283 48 Allowance for equity funds used during construction(73)(58)Pension, postretirement, and other employee benefits(149)(129)Settlement of asset retirement obligations(134)(132)Stock based compensation expense90 83 Storm damage cost recovery – long-term(173)— Other, net67 28 Changes in certain current assets and liabilities —-Retail fuel cost under recovery71 257 -Prepayments(120)(83)-Natural gas for sale, net of temporary LIFO liquidation365 237 -Other current assets84 (103)-Accounts payable(394)(423)-Accrued taxes(418)(226)-Accrued compensation(537)(488)-Customer refunds(95)(1)-Natural gas cost over recovery(179)(65)-Other current liabilities(119)34 Net cash provided from operating activities1,250 1,311 Investing Activities:Property additions(2,437)(1,770)Nuclear decommissioning trust fund purchases(361)(404)Nuclear decommissioning trust fund sales361 403 Cost of removal, net of salvage(168)(138)Change in construction payables, net(161)(365)Other investing activities(68)(111)Net cash used for investing activities(2,834)(2,385)Financing Activities:Increase (decrease) in notes payable, net(841)236 Proceeds —Long-term debt4,567 2,359 Short-term borrowings— 450 Common stock30 28 Redemptions and repurchases —Long-term debt(35)(656)Short-term borrowings— (550)Distributions to noncontrolling interests(37)(34)Payment of common stock dividends(736)(733)Other financing activities(133)(115)Net cash provided from financing activities2,815 985 Net Change in Cash, Cash Equivalents, and Restricted Cash1,231 (89)Cash