Other

Southern Company·Balance Sheet Statement·91 metrics

Breakdown

Metric	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23	Q4 '25	Q1 '26
Long-term debt, gross	$52.1B	$51.6B	$52B	$53.4B	—	$58.8B	—	$72.1B
Long-Term Debt and Lease Obligation	$50.1B	$50.6B	$51.2B	$50.4B	$50.7B	$56B	$65.6B	$67.1B
Debt Instrument, Fair Value Disclosure	$57.1B	$51.9B	$48B	$46.4B	—	$50.8B	—	$66.5B
Deferred income taxes	$8.9B	$9.5B	$9.6B	$9.9B	$10B	$10.8B	$12.1B	$12.4B
Line of Credit Maximum Borrowing Capacity	$7.7B	$7.7B	$7.7B	$7.7B	—	$7.6B	—	$8.9B
Committed Revolving Credit Facilities	$7.7B	$7.7B	$7.7B	$7.7B	—	$7.6B	—	$8.9B
Line of Credit Remaining Borrowing Capacity	$7.6B	$7.6B	$7.6B	$7.6B	—	$7.6B	—	$8.9B
Less: current maturities	$2.2B	$1.2B	$1.1B	$3.2B	$4.3B	$3.1B	$6.2B	$5.7B
Expires, 2028	—	$6.6B	$6.6B	$6.6B	—	$6.4B	—	$5.3B
Deferred credits related to income taxes	$5.4B	$5.4B	$5.3B	$5.3B	$5.2B	$4.8B	$4.7B	$4.6B
Accounts Receivable, after Allowance for Credit Loss	$2.5B	$2.6B	$3B	$2.8B	$3.1B	$2.7B	$3.1B	$3.1B
Expires, 2025	$6.6B	—	—	—	—	—	—	$2.3B
Other Cost of Removal Obligations	$2.1B	$2B	$2B	$2B	$1.9B	$1.9B	$2B	$2.1B
Accumulated Deferred Investment Tax Credit	$2.2B	$2.2B	$2.2B	$2.2B	$2.1B	$2.1B	$2B	$2B
Variable rate pollution control revenue bonds outstanding	$1.5B	$1.5B	$1.5B	$1.4B	—	$1.7B	—	$1.5B
Equity method investments (Note 11)	$1.3B	$1.3B	$1.3B	$1.3B	$1.4B	$1.4B	$1.3B	$1.4B
Public Utilities, Property, Plant and Equipment, Fuel	—	—	—	—	—	—	$897M	$920M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$577M	$529M	$347M	$243M	—	$166M	—	$875M
Expires, 2026	$700M	$125M	$125M	$125M	—	$800M	—	$775M
Other regulatory liabilities, deferred	$485M	$526M	$536M	$536M	$733M	$660M	$722M	$770M
Indefinite- lived intangible impairment	$752M	$752M	$751M	$746M	$746M	$744M	$744M	$744M
Gross Carrying Amount	$677M	$677M	$676M	$671M	$671M	$669M	$669M	$669M
Expires, 2025	$125M	$700M	$700M	$700M	—	$125M	—	$500M
Finite-Lived Intangible Assets, Accumulated Amortization	$307M	$317M	$326M	$331M	$340M	$367M	$444M	$450M
Prepaid expenses	$330M	$739M	$528M	$373M	$347M	$321M	$327M	$411M
Fair Value Measurement Disclosure	$153M	$280M	$546M	$794M	$728M	$794M	$321M	$401M
Derivatives, gross, liabilities	$153M	$280M	$546M	$794M	$728M	$794M	$321M	$401M
Contract with Customer, Asset, after Allowance for Credit Loss	$117M	$81M	$102M	$178M	$156M	$267M	$294M	$338M
Gross Assets/Liabilities	$125M	$271M	$472M	$666M	$617M	$708M	$267M	$326M
Derivative Liability	$125M	$271M	$472M	$666M	$617M	$708M	$267M	$326M
Contract with Customer, Liability	$57M	$72M	$70M	$56M	$45M	$62M	$213M	$257M
Allowance for doubtful accounts	$78M	$89M	$94M	$80M	$71M	$78M	$84M	$95M
Derivative, gross, assets	$238M	$564M	$451M	$504M	$211M	$80M	$93M	$90M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset	$28M	$9M	$74M	$128M	$111M	$86M	$54M	$75M
Trademarks	$75M	$75M	$75M	$75M	$75M	$75M	$75M	$75M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset	$25M	$45M	$87M	$113M	$70M	$37M	$21M	$53M
Expires within One Year	$280M	$280M	$280M	$280M	—	$280M	—	$45M
Expires, 2024	$280M	—	$280M	$280M	—	$280M	—	$45M
Other liabilities	—	$13M	$13M	$13M	—	$13M	—	$24M
Collateral already posted, aggregate fair value	—	$36M	$13M	$15M	—	$49M	—	$22M
Business Combination, Contingent Consideration, Liability	—	—	—	—	—	—	—	$11M
Other financial assets	—	—	—	—	—	—	—	$10M
Number of Countries of Operation	—	300.0%	300.0%	300.0%	—	300.0%	—	300.0%
Number Of States In Which Entity Operates	—	$3	$3	$3	—	$3	—	$3
Defined Benefit Plan Weighted Average Asset Allocation	1	—	—	—	—	—	—	—
Accumulated Deferred Tax Assets	$118M	—	—	—	—	—	—	—
Accumulated deferred income taxes – liabilities	$8.9B	—	—	—	—	—	—	—
Debt Instrument, Unamortized Discount (Premium), Net	$216M	—	—	—	—	—	—	—
Total investment securities in the Funds	$2.5B	—	—	—	—	—	—	—
Deferred Tax Liabilities, Gross	$17.5B	—	—	—	—	—	—	—
Deferred Tax Assets, Gross	$8.9B	—	—	—	—	—	—	—
Deferred Tax Assets, Net of Valuation Allowance	$8.7B	—	—	—	—	—	—	—
Deferred Tax Liabilities, Net	$8.7B	—	—	—	—	—	—	—
Electric Utility Plant in Service	$94.9B	—	—	—	—	—	—	—
Energy-related derivative hedge gain (loss) to be reclassified within twelve months	—	—	$12M	$17M	—	—	—	$0
2027	$25M	—	—	—	—	—	—	—
2028	$37M	—	—	—	—	—	—	—
2030	$32M	—	—	—	—	—	—	—
2031	$27M	—	—	—	—	—	—	—
2027	$39M	—	—	—	—	—	—	—
2029	$35M	—	—	—	—	—	—	—
2028	$3.7B	—	—	—	—	—	—	—
2029	$2.3B	—	—	—	—	—	—	—
2029	$3.7B	—	—	—	—	—	—	—
2030	$1.2B	—	—	—	—	—	—	—
2027	$2.2B	—	—	—	—	—	—	—
Long Term Debt and Finance Lease Obligation Net	$52.3B	—	—	—	—	—	—	—
Noncontrolling interests in subsidiaries	$4.4B	—	—	—	—	—	—	—
Net regulatory assets	$4.7B	—	—	—	—	—	—	—
Number of employees	1728.00	—	—	—	—	—	—	—
Number of leveraged leases	1.00	—	—	—	—	—	—	—
Number of traditional electric operating companies	3.00	—	—	—	—	—	—	—
Distribution	$22.2B	—	—	—	—	—	—	—
Generation	$53.8B	—	—	—	—	—	—	—
Other plant in service	$1.8B	—	—	—	—	—	$307M	$0
Other	$1.9B	—	—	—	—	—	—	—
Transmission	$13.4B	—	—	—	—	—	—	—
General/other	$5.4B	—	—	—	—	—	—	—
Storage facilities	$1.3B	—	—	—	—	—	—	—
Natural gas distribution utilities transportation and distribution	$15.7B	—	—	—	—	—	—	—
Ratio of Indebtedness to Capitalization Covenant	70.0%	—	—	—	—	—	—	—
2027	$37M	—	—	—	—	—	—	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$2.8M	—	—	—	—	—	—	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$43	—	—	—	—	—	—	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$71M	—	—	—	—	—	—	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	$71M	—	—	—	—	—	—	—
Unamortized Debt Issuance Expense	$243M	—	—	—	—	—	—	—
Unamortized fair value adjustment	$359M	—	—	—	—	—	—	—
Utility Plant in Service	$18.9B	—	—	—	—	—	—	—