Southern Company (The) (SO) financial statements (2021 and earlier)

Company profile

Business Address 30 IVAN ALLEN JR. BLVD., N.W.
ATLANTA, GA 30308
State of Incorp. DE
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0651,9751,3962,1301,9751,404710
Cash and cash equivalents1,0651,9751,3962,1301,9751,404710
Receivables1,6351,5651,6761,8252,0661,1891,072
Inventory, net of allowances, customer advances and progress billings1,0101,0009291,1891,320868930
Inventory1,0101,0009291,1891,320868930
Prepaid expense276314432452364495665
Derivative instruments and hedges, assets6636111,023607623  
Disposal group, including discontinued operation  9    
Assets held-for-sale, not part of disposal group60188393   
Deferred tax assets    506
Other current assets2221881622112307150
Other undisclosed current assets3,6863,9763,5633,6583,1442,4992,437
Total current assets:8,6179,8179,58310,0729,7226,5266,370
Noncurrent Assets
Finance lease, right-of-use asset218216
Operating lease, right-of-use asset1,8021,800
Nontrade receivables    11413 
Property, plant and equipment87,63483,08080,79779,87278,44661,11454,868
Long-term investments and receivables10,38610,33410,29611,51011,4202,7522,492
Long-term investments10,38610,33410,29611,51011,4202,7522,492
Regulated entity, other noncurrent assets5175475314324364681,991
Disposal group, including discontinued operation, noncurrent assets 6015,350    
Other noncurrent assets1,2881,0711,4631,5771,395737904
Deferred tax assets, net  52  
Other undisclosed noncurrent assets12,47311,2348,8947,5428,2156,3084,298
Total noncurrent assets:114,318108,883107,331100,93399,97571,79264,553
TOTAL ASSETS:122,935118,700116,914111,005109,69778,31870,923
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6794,2404,7384,5964,5213,4343,325
Accounts payable2,3122,1152,5802,5302,2281,9051,593
Employee-related liabilities1,0259921,030959915777799
Taxes payable829659656619860503638
Interest and dividends payable513474472488518249295
Debt4,1165,0446,1136,3314,8284,0504,136
Derivative instruments and hedges, liabilities494442856546107156 
Asset retirement obligation585504404351378217 
Accrued capping, closure, post-closure and environmental costs      860
Customer advances and deposits542558404390
Other liabilities968830852868683590544
Other undisclosed current liabilities1,2371,4861,3233601,842278(288)
Total current liabilities:12,07912,54614,28613,59412,9179,1298,967
Noncurrent Liabilities
Long-term debt and lease obligation, including:45,07341,79840,73644,46242,62924,68820,841
Finance lease, liability214205
Operating lease, liability1,6111,615
Other undisclosed long-term debt and lease obligation43,24839,97840,73644,46242,62924,68820,841
Liabilities, other than long-term debt23,41822,11814,24216,91824,03220,38517,970
Deferred revenue and credits2,2672,2281,2191,208
Accumulated deferred investment tax credit2,2352,2912,372
Asset retirement obligations10,0999,2828,9904,4734,1363,5422,168
Deferred tax liabilities, net 6,84214,09212,32211,568
Deferred income tax liabilities8,1757,888
Liability, pension and other postretirement and postemployment benefits2,2131,8142,1472,2562,2992,5822,432
Accrued environmental loss contingencies216234268389397  
Other liabilities480609465691880720594
Other undisclosed noncurrent liabilities9,84010,18818,32010,1793,2251,9731,805
Total noncurrent liabilities:78,33174,10473,29871,55969,88647,04640,616
Total liabilities:90,41086,65087,58485,15382,80356,17549,583
Temporary equity, carrying amount291291291324282161414
Stockholders' equity
Stockholders' equity attributable to parent27,97227,50524,72324,16724,75820,59219,949
Common stock5,2685,2575,1645,0384,9524,5724,539
Treasury stock, value(46)(42)(38)(36)(31)(142)(26)
Additional paid in capital11,83411,73411,09410,4699,6616,2825,955
Accumulated other comprehensive loss(395)(321)(203)(189)(180)(130)(128)
Retained earnings11,31110,8778,7068,88510,35610,0109,609
Stockholders' equity attributable to noncontrolling interest4,262  1,3611,8541,390977
Other undisclosed stockholders' equity 4,2544,316    
Total stockholders' equity:32,23431,75929,03925,52826,61221,98220,926
TOTAL LIABILITIES AND EQUITY:122,935118,700116,914111,005109,69778,31870,923

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,37521,41923,49523,03119,89617,48918,467
Cost of revenue(13,837)(14,382)(17,582)(18,751)(13,835)(11,883)(14,112)
Gross profit:6,5387,0375,9134,2806,0615,6064,355
Operating expenses(1,653)699(1,722)(1,729)(1,432)(1,324)(713)
Operating income:4,8857,7364,1912,5514,6294,2823,642
Nonoperating expense(1,389)(1,194)(1,442)(1,483)(1,149)(653)(634)
Public utilities, allowance for funds used during construction, capitalized cost of equity149128138160202226245
Other nonoperating income (expense)336252114(55)(93)(62)(63)
Interest and debt expense(1,821)(1,736)(1,842)(1,694)(1,317)(840)(835)
Income (loss) from continuing operations before equity method investments, income taxes:1,6754,806907(626)2,1632,7892,173
Other undisclosed income from continuing operations before income taxes1,8211,7361,8421,6941,317840835
Income from continuing operations before income taxes:3,4966,5422,7491,0683,4803,6293,008
Income tax expense(393)(1,798)(449)(142)(951)(1,194)(977)
Net income:3,1034,7442,3009262,5292,4352,031
Net income (loss) attributable to noncontrolling interest3110(58)(46)(36)(14)(2)
Net income attributable to parent:3,1344,7542,2428802,4932,4212,029
Preferred stock dividends and other adjustments(15)(15)(16)(38)(45)(54)(68)
Other undisclosed net income available to common stockholders, basic      2
Net income available to common stockholders, diluted:3,1194,7392,2268422,4482,3671,963

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,1034,7442,3009262,5292,4352,031
Other comprehensive income (loss)(75)(118)26(9)(50)(3)30
Other undisclosed comprehensive loss     (67)(151)
Comprehensive income:3,0284,6262,3269172,4792,3651,910
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3110(58)(46)(36)(14) 
Other undisclosed comprehensive loss, net of tax, attributable to parent(15)(15)(16)(38)(45)  
Comprehensive income, net of tax, attributable to parent:3,0444,6212,2528332,3982,3511,910

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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