Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 180

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 180
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 the Six Months Ended June 30, 2025202420252024 (in millions)(in millions)Net Income$381 $369 $755 $702 Other comprehensive income:Qualifying hedges:Reclassification adjustment for amounts included in net income,    net of tax of $—, $—, $—, and $—, respectively— 1 1 1 Total other comprehensive income— 1 1 1 Comprehensive Income$381 $370 $756 $703 

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

16

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

 For the Six Months Ended June 30, 20252024 (in millions)Operating Activities:Net income$755 $702 Adjustments to reconcile net income to net cash provided from operating activities —Depreciation and amortization, total803 796 Deferred income taxes116 (40)Pension, postretirement, and other employee benefits(89)(93)Settlement of asset retirement obligations(120)(117)Retail fuel cost under recovery – long-term(62)— Other, net(44)(20)Changes in certain current assets and liabilities —-Receivables(94)(80)-Fossil fuel stock32 9 -Prepayments(89)(70)-Retail fuel cost under recovery— 131 -Other current assets(40)(47)-Accounts payable(251)(331)-Accrued taxes25 96 -Accrued compensation(93)(68)-Customer refunds(110)(22)-Other current liabilities(61)31 Net cash provided from operating activities678 877 Investing Activities:Property additions(1,034)(829)Nuclear decommissioning trust fund purchases(270)(328)Nuclear decommissioning trust fund sales270 328 Cost of removal, net of salvage(92)(77)Change in construction payables, net of joint owner portion(32)(36)Other investing activities(11)(9)Net cash used for investing activities(1,169)(951)Financing Activities:Increase in notes payable, net— 40 Proceeds —Senior notes600 — Short-term borrowings— 50 Other long-term debt4 4 Redem