Southern Company (The) (SO) Financial Statements (2025 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
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7481,9171,7981,0651,9751,396
Cash and cash equivalents7481,9171,7981,0651,9751,396
Receivables2,4812,0671,7281,6351,5651,676
Inventory, net of allowances, customer advances and progress billings1,3631,0138121,0101,000929
Inventory1,3631,0138121,0101,000929
Prepaid expense406347330276314432
Deferred costs  108266   
Derivative instruments and hedges, assets 361151516636111,023
Disposal group, including discontinued operation   42  9
Asset, held-for-sale, not part of disposal group    60188393
Other current assets533344231222188162
Other undisclosed current assets4,8654,5053,6073,6863,9763,563
Total current assets:10,43210,4168,9658,6179,8179,583
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 272292197218216✕
Operating lease, right-of-use asset1,4321,5311,7011,8021,800✕
Property, plant and equipment 99,84494,57091,10887,63483,08080,797
Long-term investments and receivables9,9869,75710,20210,38610,33410,296
Long-term investments9,9869,75710,20210,38610,33410,296
Intangible assets, net (including goodwill)      
Goodwill      
Intangible assets, net (excluding goodwill)      
Regulated entity, other noncurrent assets510511501517547531
Disposal group, including discontinued operation, noncurrent assets     6015,350
Deferred costs1,261     
Other noncurrent assets1,4681,4851,7761,2881,0711,463
Other undisclosed noncurrent assets14,12616,32913,08412,47311,2348,894
Total noncurrent assets:128,899124,475118,569114,318108,883107,331
TOTAL ASSETS:139,331134,891127,534122,935118,700116,914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,5696,0904,4634,6794,2404,738
Interest and dividends payable✕✕✕533513474472
Taxes payable✕✕✕691829659656
Employee-related liabilities✕✕✕1,0701,0259921,030
Accounts payable2,8983,5252,1692,3122,1152,580
Accrued liabilities2,6712,565    
Debt4,7906,8943,5974,1165,0446,113
Derivative instruments and hedges, liabilities    494442856
Asset retirement obligation744694697585504404
Other liabilities1,029965872968830852
Other undisclosed current liabilities1,3351,0811,2921,2371,4861,323
Total current liabilities:13,46715,72410,92112,07912,54614,286
Noncurrent Liabilities
Long-term debt and lease obligation, including:57,21050,65650,12045,07341,79840,736
Finance lease, liability 287296199214205✕
Other undisclosed long-term debt and lease obligation56,92350,36048,41843,24839,97840,736
Liabilities, other than long-term debt26,08326,10824,43423,41822,11814,242
Accumulated deferred investment tax credit2,0672,1332,2162,2352,2912,372
Asset retirement obligations9,57310,14610,99010,0999,2828,990
Deferred income tax liabilities10,99010,0368,8628,1757,888✕
Liability, pension and other postretirement and postemployment benefits1,1151,2381,5502,2131,8142,147
Accrued environmental loss contingencies    216234268
Other liabilities1,0311,167816480609465
Operating lease, liability1,3071,3881,5031,6111,615✕
Other undisclosed noncurrent liabilities7,3467,8719,4929,84010,18818,320
Total noncurrent liabilities:90,63984,63584,04678,33174,10473,298
Total liabilities:104,106100,35994,96790,41086,65087,584
Temporary equity, carrying amount   291291291291
Equity
Equity, attributable to parent 31,44430,40827,87427,97227,50524,723
Common stock 5,4235,4175,2795,2685,2575,164
Treasury stock, value (59)(53)(47)(46)(42)(38)
Additional paid in capital 13,77513,67311,95011,83411,73411,094
Accumulated other comprehensive loss (177)(167)(237)(395)(321)(203)
Retained earnings 12,48211,53810,92911,31110,8778,706
Equity, attributable to noncontrolling interest 3,7814,1244,4024,262  
Other undisclosed equity    4,2544,316
Total equity:35,22534,53232,27632,23431,75929,039
TOTAL LIABILITIES AND EQUITY:139,331134,891127,534122,935118,700116,914

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues25,25329,27923,11320,37521,41923,495
Cost of revenue(17,537)(21,836)(17,837)(13,837)(14,382)(17,582)
Gross profit:7,7167,4435,2766,5387,0375,913
Operating expenses(1,890)(2,073)(1,578)(1,653)699(1,722)
Operating income:5,8265,3703,6984,8857,7364,191
Nonoperating expense(1,481)(1,147)(1,122)(1,389)(1,194)(1,442)
Public utilities, allowance for funds used during construction, capitalized cost of equity268224190149128138
Other nonoperating income553500456336252114
Interest and debt expense(2,446)(2,022)(1,837)(1,821)(1,736)(1,842)
Income from continuing operations before equity method investments, income taxes:1,8992,2017391,6754,806907
Other undisclosed income from continuing operations before income taxes2,4462,0221,8371,8211,7361,842
Income from continuing operations before income taxes:4,3454,2232,5763,4966,5422,749
Income tax expense(496)(795)(267)(393)(1,798)(449)
Income from continuing operations:3,8493,4282,3093,1034,7442,300
Income before gain (loss) on sale of properties:✕✕✕2,3093,1034,7442,300
Net income:3,8493,4282,3093,1034,7442,300
Net income (loss) attributable to noncontrolling interest127107993110(58)
Net income attributable to parent:3,9763,5352,4083,1344,7542,242
Preferred stock dividends and other adjustments  (11)(15)(15)(15)(16)
Net income available to common stockholders, diluted:3,9763,5242,3933,1194,7392,226

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:3,8493,4282,3093,1034,7442,300
Other comprehensive income (loss)(10)71158(75)(118)26
Comprehensive income:3,8393,4992,4673,0284,6262,326
Comprehensive income (loss), net of tax, attributable to noncontrolling interest127107993110(58)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (11)(15)(15)(15)(16)
Comprehensive income, net of tax, attributable to parent:3,9663,5952,5513,0444,6212,252

Statements Sources

The financial statements are based on the Company's filings with 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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