SOUTHERN CO GAS (GAS) financial statements (2020 and earlier)

Company profile

Business Address 30 IVAN ALLEN JR. BLVD
ATLANTA, GA 30308
State of Incorp. GA
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 152027192549
Cash and cash equivalents 152019192541
Short-term investments   8  8
Receivables 7468939327808611,429
Inventory, net of allowances, customer advances and progress billings 427335651659421302
Inventory 427335651659421302
Prepaid expense 60622187451 
Derivative instruments and hedges, assets 100160206626588800
Regulatory current assets 475068644863
Deferred tax assets 63     
Other current assets 161713294079
Other undisclosed current assets    (475)(462)(643)
Total current assets: 1,4741,5372,1151,7761,5722,079
Noncurrent Assets
Property, plant and equipment 10,1489,9449,7919,5819,3799,174
Long-term investments and receivables   103777576
Long-term investments   103777576
Intangible assets, net (including goodwill) 1,9141,9181,9221,9261,9391,943
Goodwill 1,8131,8131,8131,8131,8271,827
Intangible assets, net (excluding goodwill) 101105109113112116
Derivative instruments and hedges   12  24
Regulated entity, other noncurrent assets 679661670655642634
Other noncurrent assets 27327663286303284
Defined benefit plan, assets for plan benefits   78   
Other undisclosed noncurrent assets    (95)(75)(76)
Total noncurrent assets: 13,01412,79912,63912,43012,26312,059
TOTAL ASSETS: 14,48814,33614,75414,20613,83514,138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 499481455451503544
Accounts payable 278250255274272285
Accrued liabilities 221231 177183259
Employee-related liabilities   92   
Taxes payable   59   
Interest and dividends payable   49 48 
Debt 6891,0271,5551,311584601
Derivative instruments and hedges, liabilities 501427462560498634
Regulatory liability 156159134139154168
Accrued environmental loss contingencies 596867738393
Deferred tax liabilities  2031   
Customer advances and deposits 143141165150115109
Other liabilities 109118131118120135
Other undisclosed current liabilities 4948  (10)87
Total current liabilities: 2,2052,4893,0002,8022,0472,371
Noncurrent Liabilities
Long-term debt and lease obligation, including: 3,7093,2733,2753,1503,4523,524
Other undisclosed long-term debt and lease obligation 3,7093,2733,2753,1503,4523,524
Liabilities, other than long-term debt 4,6004,5044,5044,3444,3474,279
Deferred tax liabilities, net 1,9921,9211,9121,7671,7801,738
Liability, pension and other postretirement and postemployment benefits 513513515528526526
Accrued environmental loss contingencies 379355364346346326
Regulatory liability 1,6271,6321,6111,6081,6221,612
Other liabilities 8983102957373
Derivative instruments and hedges, liabilities      4
Total noncurrent liabilities: 8,3097,7777,7797,4947,7997,803
Total liabilities: 10,51410,26610,77910,2969,84610,174
Temporary equity, carrying amount 4138    
Stockholders' equity
Stockholders' equity attributable to parent 3,9334,0323,9293,8693,9483,926
Common stock 605604603602601601
Treasury stock, value (8)(8)(8)(8)(8)(8)
Additional paid in capital 2,1332,1102,0992,0952,0992,090
Accumulated other comprehensive loss (221)(213)(186)(195)(169)(201)
Retained earnings 1,4241,5391,4211,3751,4251,444
Stockholders' equity attributable to noncontrolling interest   46414138
Total stockholders' equity: 3,9334,0323,9753,9103,9893,964
TOTAL LIABILITIES AND EQUITY: 14,48814,33614,75414,20613,83514,138

Income statement (P&L) ($ in millions)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues 5711,3349625846741,721
Cost of revenue (191)(578)(342)(146)(222)(935)
Gross profit: 380756620438452786
Operating expenses (370)(346)(365)(351)(307)(346)
Other undisclosed operating loss (37)(62)(39)(28)(38)(76)
Operating income (loss): (27)34821659107364
Nonoperating income
(Other Nonoperating income)
 334243
Interest and debt expense (48)(47)(45)(42)(42)(44)
Income (loss) from continuing operations before equity method investments, income taxes: (72)3041751969323
Income from equity method investments      1
Income (loss) from continuing operations before income taxes: (72)3041751969324
Income tax expense (benefit) 24(111)(63)(7)(25)(118)
Other undisclosed loss from continuing operations      (1)
Net income (loss): (48)1931121244205
Net loss attributable to noncontrolling interest (3)(11)(5)(1)(2)(12)
Net income (loss) available to common stockholders, diluted: (51)1821071142193

Comprehensive Income ($ in millions)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income (loss): (48)1931121244205
Other comprehensive income (loss) (8)(27)9(27)335
Comprehensive income (loss): (56)166121(15)77210
Comprehensive loss, net of tax, attributable to noncontrolling interest (3)(11)(5)(1)(3)(12)
Other undisclosed comprehensive income, net of tax, attributable to parent    1  
Comprehensive income (loss), net of tax, attributable to parent: (59)155116(15)74198

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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