SOUTHERN CO

10-K & 10-Q Filings

Southern Company is a holding company that owns the outstanding common stock of three traditional electric operating companies - Alabama Power, Georgia Power, and Mississippi Power - as well as Southern Power Company and Southern Company Gas. The traditional electric operating companies are vertically integrated utilities that own generation, transmission, and distribution facilities, providing electric service to retail and wholesale customers in their respective states. Southern Power Company develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas is an energy services holding company primarily involved in the distribution of natural gas in four states. Southern Company also owns subsidiaries such as Southern Holdings, Southern Nuclear, PowerSecure, and SCS, which provide various services to the company and its subsidiaries. The company's annual and quarterly reports, as well as current reports and amendments, are available on its website, www.southerncompany.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$17657.00
1036.00
4209.00
18467.00
17489.00
19896.00
23031.00
23495.00
21419.00
20375.00
23113.00
29279.00
25253.00
6480.00
6646.00
3.03%2.56%Cost of Revenue (-)
$608.00
859.54
2110.00
672.00
645.00
1010.00
1376.00
7953.00
6192.00
5065.00
6964.00
11828.00
7452.00
2317.00
1930.00
23.22%-16.70%Gross Profit (+)
$17049.00
2099.00
17795.00
16844.00
18886.00
21655.00
15542.00
15227.00
15310.00
16149.00
17451.00
17801.00
4163.00
4716.00
0.36%13.28%Selling, General & Administrative (-)
$901.00
79.44
887.00
981.00
997.00
1113.00
1250.00
1315.00
1230.00
1234.00
1290.00
1411.00
1425.00
394.00
396.00
3.89%0.51%Depreciation & Amortization (-)
$
397.00
2923.00
3457.00
3549.00
3331.00
Non-recurring Operating Expenses (-)
$
33.00
252.00
168.00
2.00
251.00
Operating Expenses (-)
$901.00
79.44
1460.00
981.00
997.00
4036.00
4740.00
11351.00
7491.00
10425.00
12451.00
12081.00
11975.00
2945.00
396.00
24.06%-86.55%Costs & Expenses (Total) (-)
$1509.00
938.98
3581.00
1653.00
1642.00
15267.00
20480.00
19304.00
13683.00
15490.00
19415.00
23909.00
19427.00
5262.00
2326.00
23.73%-55.80%Operating Income/Loss (+)
$4231.00
97.01
639.00
3642.00
4282.00
4629.00
2551.00
4191.00
7736.00
4885.00
3698.00
5370.00
5826.00
1218.00
1703.00
2.70%39.82%Non-operating Income/Expense (+)
$-744.00
25.22
154.00
-634.00
-653.00
-1149.00
-1483.00
-1442.00
-1194.00
-1389.00
-1122.00
-1147.00
-1481.00
-322.00
-409.00
-27.02%Interest Expense (-)
$
-170.00
Earnings before Tax (+)
$3560.67
122.23
485.00
3008.00
3629.00
3480.00
1068.00
2749.00
6542.00
3496.00
2576.00
4223.00
4345.00
896.00
1294.00
1.67%44.42%Tax Expense (-)
$1219.00
20.56
177.00
977.00
1194.00
951.00
142.00
449.00
1798.00
393.00
267.00
795.00
496.00
97.00
223.00
-7.22%129.90%Income/Loss (Continuing Operations) (+)
$2341.67
101.67
308.00
2031.00
2435.00
2529.00
926.00
2300.00
4744.00
3103.00
2309.00
3428.00
3849.00
799.00
1071.00
4.23%34.04%Income/Loss (Discontinued Operations) (+)
$
5.00
Profit/Loss (+)
$2268.00
101.67
313.00
2031.00
2435.00
2529.00
926.00
2300.00
4744.00
3103.00
2309.00
3428.00
3849.00
799.00
1071.00
4.51%34.04%Net Income/Loss (NCI) (-)
$65.00
1.73
18.00
2.77
14.00
36.00
46.00
58.00
-10.00
-31.00
-99.00
-107.00
-127.00
-63.00
-58.00
7.94%Net Income/Loss (+)
$2203.00
99.94
295.00
172.30
215.00
338.00
1071.00
2226.00
4739.00
3119.00
2393.00
3524.00
3976.00
862.00
1129.00
5.04%30.97%Preferred & Other Distributions (-)
$
68.00
54.00
45.00
38.00
16.00
15.00
15.00
15.00
11.00
Net Income/Loss (Common) (+)
$2203.00
99.94
295.00
1963.00
2367.00
2448.00
842.00
2226.00
4739.00
3119.00
2393.00
3524.00
3976.00
862.00
1129.00
5.04%30.97%EPS (Basic)
$2.57
2.50
2.19
2.60
2.57
0.84
2.18
4.53
2.95
2.26
3.28
3.64
0.79
1.03
2.94%30.38%EPS (Diluted)
$2.55
2.49
2.18
2.59
2.55
0.84
2.17
4.50
2.93
2.24
3.26
3.62
0.79
1.03
2.96%30.38%Weighted Avg Shares (Basic)
857.00
1.12
117.90
897.00
910.00
951.00
1000.00
1020.00
1046.00
1058.00
1061.00
1075.00
1092.00
1091.00
1094.00
2.04%0.27%Weighted Avg Shares (Diluted)
864.00
118.30
901.00
914.00
958.00
1008.00
1025.00
1054.00
1065.00
1068.00
1081.00
1098.00
1098.00
1100.00
2.02%0.18%Cash
$1323.00
145.01
81.00
710.00
1404.00
1975.00
2130.00
1504.00
1975.00
1065.00
1798.00
1917.00
748.00
1053.00
713.00
-4.64%-32.29%Short-term Investments
$
49.00
Receivables
$2115.43
96.55
1849.00
2218.15
2249.00
2046.00
3787.00
3648.00
1614.00
3067.00
2962.00
3716.00
3963.00
2486.00
3946.00
5.37%58.73%Inventory
$903.00
34.26
658.00
Prepaid Expenses (Current)
$498.99
129.84
63.00
1152.87
735.00
438.00
528.00
469.00
350.00
287.00
330.00
347.00
406.00
474.00
-1.70%Other Assets (Current)
$1431.59
248.85
195.00
2288.98
2138.00
5263.00
3627.00
3962.00
5878.00
4198.00
3875.00
4436.00
5315.00
6016.00
5410.00
11.55%-10.07%Assets (Current)
$6272.00
654.51
2895.00
6370.00
6526.00
9722.00
10072.00
9583.00
9817.00
8617.00
8965.00
10416.00
10432.00
9555.00
10543.00
4.33%10.34%Securities & Long-term Investments
$2118.00
4.89
113.00
2492.00
2752.00
11420.00
11510.00
10296.00
10334.00
10386.00
10202.00
9757.00
9986.00
9827.00
10100.00
13.79%2.78%Property, Plant & Equipment (Net)
$45010.00
4363.83
17286.00
54868.00
61114.00
78446.00
79872.00
80797.00
83080.00
87634.00
91108.00
94570.00
99844.00
95630.00
100470.00
6.86%5.06%Accumulated Depreciation
$21154.00
1065.47
2295.00
24059.00
24253.00
29852.00
31457.00
31038.00
30765.00
32397.00
34079.00
35297.00
37725.00
35990.00
38347.00
4.94%6.55%Goodwill & Intangibles
$49.48
1972.00
48.93
319.00
7221.00
7141.00
5928.00
5816.00
5767.00
5725.00
5567.00
5529.00
5558.00
5520.00
48.14%-0.68%Other Assets
$7192.87
350.40
927.00
9113.45
9712.00
12031.00
12767.00
19539.00
16568.00
17370.00
18100.00
20762.00
20061.00
19266.00
20119.00
8.92%4.43%Assets (Non-current)
$53288.35
4719.11
11655.00
65100.38
71792.00
100940.00
100933.00
107331.00
108883.00
115191.00
118569.00
124475.00
128899.00
125685.00
129577.00
7.64%3.10%Assets (Total)
$59267.00
5373.62
14550.00
70923.00
78318.00
109697.00
111005.00
116914.00
118700.00
122935.00
127534.00
134891.00
139331.00
134756.00
140120.00
7.38%3.98%Accounts Payable
$2239.00
365.08
624.00
2526.00
2657.00
3991.00
3655.00
4255.00
3248.00
4440.00
3393.00
4963.00
4418.00
3339.00
3316.00
5.83%-0.69%Debt (Current)
$2576.00
276.47
1171.00
4136.00
4050.00
4828.00
6331.00
6113.00
5273.00
4116.00
3597.00
6894.00
4790.00
6917.00
4409.00
5.31%-36.26%Other Liabilities (Current)
$1762.00
349.27
1323.00
2305.00
2422.00
4098.00
3608.00
3918.00
4025.00
3523.00
3931.00
3867.00
4259.00
3637.00
3733.00
7.63%2.64%Liabilities (Current)
$6577.00
990.83
3118.00
8967.00
9129.00
12917.00
13594.00
14286.00
12546.00
12079.00
10921.00
15724.00
13467.00
13893.00
11458.00
6.15%-17.53%Debt (Non-current)
$18647.00
1564.46
3813.00
21970.78
27399.00
42629.00
44462.00
40736.00
41798.00
45073.00
50120.00
50656.00
57210.00
52060.00
59361.00
9.79%14.02%Other Liabilities
$15532.32
1036.34
4006.00
18645.22
19647.00
27610.00
26849.00
32562.00
32306.00
33258.00
33926.00
33979.00
33429.00
34241.00
33687.00
6.60%-1.62%Liabilities (Non-current)
$34030.00
2600.81
7819.00
40616.00
47046.00
69886.00
26849.00
73298.00
74104.00
78331.00
84046.00
84635.00
90639.00
86301.00
93048.00
8.51%7.82%Liabilities (Total)
$40607.00
3591.63
10937.00
49583.00
56175.00
82803.00
85153.00
87584.00
86650.00
90410.00
94967.00
100359.00
104106.00
100194.00
104506.00
8.16%4.30%Treasury Stock
$17.00
-8.00
46.00
47.00
53.00
59.00
10.93%Retained Earnings
$8968.00
318.71
1063.00
9609.00
10010.00
10356.00
8885.00
8706.00
10877.00
11311.00
10929.00
11538.00
12482.00
2.79%AOCI
$-111.00
-8.71
-136.00
-128.00
-130.00
-180.00
-189.00
-203.00
-321.00
-395.00
-237.00
-167.00
-177.00
Shareholder's Equity
$18285.00
1749.21
3613.00
20926.00
21982.00
26612.00
25528.00
29039.00
31759.00
32234.00
32276.00
34532.00
35225.00
34562.00
35614.00
5.62%3.04%Liabilities & Equity
$59267.00
5373.62
14550.00
70923.00
78318.00
109697.00
111005.00
116914.00
118700.00
122935.00
127534.00
134891.00
139331.00
134756.00
140120.00
7.38%3.98%Net Income/Loss
$2268.00
101.67
313.00
2031.00
2435.00
2529.00
926.00
2300.00
4744.00
3103.00
2309.00
3428.00
3849.00
799.00
1071.00
4.51%34.04%Depreciation & Amortization
$2048.00
86.98
397.00
2293.00
2395.00
2923.00
3457.00
3549.00
3331.00
3905.00
3973.00
4064.00
4986.00
1233.00
1261.00
7.70%2.27%Increase/Decrease in Working Capital
$-691.25
12.35
-40.00
-364.87
-171.00
-470.00
1267.00
-396.00
-265.00
375.00
783.00
-160.00
135.00
1481.00
861.00
-41.86%Share-based Compensation
$-3.00
-33.34
-608.00
168.00
-973.00
109.00
125.00
107.00
113.00
144.00
127.00
137.00
92.00
83.00
-9.78%Adjustments to Reconcile Net Income
$3635.00
133.73
658.00
3784.00
3839.00
2365.00
5469.00
4609.00
1037.00
3623.00
3860.00
2874.00
3704.00
45.00
240.00
0.16%433.33%Net Cash (Operating)
$5903.00
235.41
971.00
5815.00
6274.00
4894.00
6395.00
6945.00
5781.00
6696.00
6169.00
6302.00
7553.00
844.00
1311.00
2.08%55.33%Capital Expenditure
$4584.80
1620.05
-885.00
6707.51
7323.00
19433.00
8549.00
5086.00
2631.00
6553.00
6668.00
7648.00
8931.00
1747.00
1770.00
5.71%1.32%Net Cash (Investing)
$-4183.00
-1548.78
-876.00
-6408.00
-7280.00
-20048.00
-7191.00
-5760.00
-3392.00
-7030.00
-7353.00
-8430.00
-9668.00
-2118.00
-2385.00
-12.61%Increase/Decrease in Debt
$686.26
444.37
513.00
2466.20
4848.00
16912.00
5619.00
-3978.00
392.00
2703.00
4765.00
4137.00
4371.00
1291.00
1839.00
16.68%42.45%Increase/Decrease in Equity
$723.00
33.00
801.00
-271.00
3758.00
385.00
1057.00
844.00
74.00
73.00
1808.00
36.00
15.00
28.00
-22.12%86.67%Interest Expenses
$832.00
32.59
175.00
732.00
809.00
1100.00
1700.00
1794.00
1651.00
1683.00
1718.00
1758.00
2184.00
652.00
714.00
8.37%9.51%Dividends Paid
$1729.94
108.53
-239.00
2000.74
2077.00
2104.00
2300.00
2425.00
3475.00
2759.00
2777.00
2907.00
3035.00
742.00
733.00
4.80%-1.21%Net Cash (Financing)
$-852.00
1246.79
-121.00
644.00
1700.00
15725.00
951.00
-1813.00
-1930.00
-576.00
1945.00
2336.00
999.00
454.00
985.00
116.96%Cash Taxes Paid
$-401.00
-77.58
120.00
272.00
-9.00
-148.00
-410.00
172.00
276.00
64.00
93.00
146.00
132.00
-9.00
-9.00
0.00%Increase/Decrease in Cash
$868.00
-66.58
-26.00
51.00
694.00
571.00
155.00
-628.00
459.00
-910.00
761.00
208.00
-1116.00
-820.00
-89.00
89.15%Cash (Beginning)
$447.00
211.59
131.00
659.00
710.00
1404.00
1975.00
2147.00
1519.00
1978.00
1068.00
1829.00
2037.00
2037.00
921.00
13.47%-54.79%Cash (Ending)
$1315.00
145.01
105.00
710.00
1404.00
1975.00
2130.00
1519.00
1978.00
1068.00
1829.00
2037.00
921.00
1217.00
832.00
-2.92%-31.64%NOPAT
$2782.51
80.70
480.90
3312.67
2873.15
3364.01
2890.18
3928.78
7409.63
4795.57
3564.49
5184.35
5649.01
1086.14
1409.52
6.08%29.77%Gross Margin %
96.56%
49.87%
96.36%
96.31%
94.92%
94.03%
66.15%
71.09%
75.14%
69.87%
59.60%
70.49%
64.24%
70.96%
Operating Margin %
23.96%
9.36%
15.18%
19.72%
24.48%
23.27%
11.08%
17.84%
36.12%
23.98%
16.00%
18.34%
23.07%
18.80%
25.62%
NOPAT Margin %
15.76%
7.79%
11.43%
17.94%
16.43%
16.91%
12.55%
16.72%
34.59%
23.54%
15.42%
17.71%
22.37%
16.76%
21.21%
Net Margin %
12.48%
9.65%
7.01%
0.93%
1.23%
1.70%
4.65%
9.47%
22.13%
15.31%
10.35%
12.04%
15.74%
13.30%
16.99%
Tax Rate %
34.24%
16.82%
24.74%
9.04%
32.90%
27.33%
-13.30%
6.26%
4.22%
1.83%
3.61%
3.46%
3.04%
10.83%
17.23%
ROA
4.69%
1.50%
3.31%
4.67%
3.67%
3.07%
2.60%
3.36%
6.24%
3.90%
2.79%
3.84%
4.05%
0.81%
1.01%
ROE
15.22%
4.61%
13.31%
15.83%
13.07%
12.64%
11.32%
13.53%
23.33%
14.88%
11.04%
15.01%
16.04%
3.14%
3.96%
ROIC
5.95%
1.93%
2.33%
5.99%
4.64%
4.00%
3.28%
4.56%
8.46%
5.23%
3.69%
5.23%
5.43%
1.10%
1.33%
Asset Turnover
0.30
0.19
0.29
0.26
0.22
0.18
0.21
0.20
0.18
0.17
0.18
0.22
0.18
0.05
0.05
Inventory Turnover
0.67
25.09
3.21
Equity Multiplier
3.24
3.07
4.03
3.39
3.56
4.12
4.35
4.03
3.74
3.81
3.95
3.91
3.96
3.90
3.93
Current Ratio
0.95
0.66
0.93
0.71
0.71
0.75
0.74
0.67
0.78
0.71
0.82
0.66
0.77
0.69
0.92
Quick Ratio
0.52
0.24
0.63
0.33
0.40
0.31
0.44
0.36
0.29
0.34
0.44
0.36
0.35
0.25
0.41
Debt/Equity Ratio
1.16
1.05
1.38
1.25
1.43
1.78
1.99
1.61
1.48
1.53
1.66
1.67
1.76
1.71
1.79
Interest Coverage Ratio
5.09
2.98
3.65
4.98
5.29
4.21
1.50
2.34
4.69
2.90
2.15
3.05
2.67
1.87
2.39
Working Capital/Sales
0.10
-0.17
0.32
0.02
0.03
-0.08
0.04
-0.03
-0.06
-0.09
-0.01
-0.03
-0.06
-0.31
-0.01
Dividend Payout Ratio %
62.17%
134.49%
-49.70%
60.40%
72.29%
62.54%
79.58%
61.72%
46.90%
57.53%
77.91%
56.07%
53.73%
68.32%
52.00%
Total Payout
$1152.67
-303.25
-610.00
-534.46
-1691.00
-17466.00
-2004.00
7140.00
3890.00
1665.00
-343.00
-1280.00
812.00
88.00
-420.00
-2.88%-577.27%Payout Ratio %
41.43%
-375.78%
-126.85%
-16.13%
-58.86%
-519.20%
-69.34%
181.74%
52.50%
34.72%
-9.62%
-24.69%
14.37%
8.10%
-29.80%