Current Liabilities

Southern Company·Balance Sheet Statement·24 metrics

Breakdown

Metric	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23	Q1 '25	Q4 '25	Q1 '26
Total current liabilities	$10.4B	$11.5B	$12.8B	$15.7B	$13.2B	—	$16.9B	$15.3B
Current Portion of Long-Term Debt and Finance Lease Obligations	$1.2B	$1.1B	$3.2B	$4.3B	$3.1B	—	$6.2B	$5.7B
Accounts payable	$2.3B	$2.9B	$3.1B	$3.5B	$2.9B	-$394M	$3.7B	$2.9B
Current portion of long-term debt	$2.3B	$2.5B	$1.4B	$2.6B	$1.7B	—	$722M	$1.7B
Short-term borrowings	$2.3B	$2.5B	$1.4B	$2.6B	$1.7B	—	$722M	$1.7B
Other accrued liabilities	$1.1B	$1.1B	$844M	$787M	$943M	—	$1.2B	$1.2B
Note payable to DIRECTV	$1.1B	$1.1B	$844M	$787M	$943M	—	$1.2B	$1.2B
Deferred revenue	$529M	$347M	$243M	—	$166M	—	—	$875M
Accrued compensation	$574M	$807M	$961M	$1.1B	$936M	—	$1.4B	$761M
Accrued interest	$404M	$553M	$431M	$614M	$573M	—	$807M	$627M
Accrued expenses	$415M	$635M	$882M	$764M	$862M	—	$982M	$557M
Customer Deposits, Current1	$454M	$461M	$516M	$502M	$511M	—	$475M	$478M
Contract liabilities	$72M	$70M	$56M	$45M	$62M	—	$213M	$257M
Other Regulatory Liabilities, Current	$711M	$557M	$440M	$382M	$163M	—	$240M	$228M
Operating lease liabilities, current	$245M	$232M	$191M	$197M	$181M	—	$197M	$203M
Derivative Liability, Current	—	—	—	—	—	—	$118M	$134M
Derivative Liabilities - Fair Value	$9M	$74M	$128M	$111M	$86M	—	$118M	$134M
Natural gas cost over recovery	—	—	—	$0	$165M	—	$158M	$131M
Derivative liabilities	$9M	$74M	$128M	$111M	$86M	—	$54M	$75M
Accrued Income Taxes, Current	$57M	$17M	$129M	$60M	$177M	—	$22M	$66M
Income taxes payable	$57M	$17M	$129M	$60M	$177M	—	$22M	$66M
Net Cash Collateral Posted - Derivative Instruments	$36M	$13M	$15M	—	$49M	—	—	$22M