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
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2739130189
Cash and cash equivalents 193181131
Short-term investments 884958
Receivables 9321,7231,5761,335
Inventory, net of allowances, customer advances and progress billings 651716658708
Inventory 651716658708
Prepaid expense 21822363
Derivative instruments and hedges, assets 2061,024885807
Regulatory current assets 6883114145
Disposal group, including discontinued operation   283 
Prepaid expense and other current assets161
Deferred tax assets  24  
Other current assets 134355
Other undisclosed current assets  (985)(869)(677)
Total current assets: 2,1152,8902,8952,668
Noncurrent Assets
Property, plant and equipment 9,7919,0908,6438,347
Long-term investments and receivables 103105113136
Long-term investments 103105113136
Intangible assets, net (including goodwill) 1,9221,9521,9721,933
Goodwill 1,8131,8271,8271,837
Intangible assets, net (excluding goodwill) 10912514596
Derivative instruments and hedges 12422014
Regulated entity, other noncurrent assets 670631705944
Other noncurrent assets 6310285
Prepaid expense and other noncurrent assets99
Defined benefit plan, assets for plan benefits 7897117 
Total noncurrent assets: 12,63912,01911,65511,473
TOTAL ASSETS: 14,75414,90914,55014,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 45554162487
Accounts payable 255312421 
Employee-related liabilities 92976634
Taxes payable 59798553
Interest and dividends payable 495352 
Debt 1,5551,3751,171226
Derivative instruments and hedges, liabilities 462865746644
Regulatory liability 134112183161
Accrued environmental loss contingencies 67877057
Customer refund liability  162513
Deferred tax liabilities 31   
Customer advances and deposits 165125136
Other liabilities 131114143135
Other undisclosed current liabilities  (16)202,015
Total current liabilities: 3,0003,2193,1183,338
Noncurrent Liabilities
Long-term debt and lease obligation, including: 3,2753,6023,8133,327
Other undisclosed long-term debt and lease obligation 3,2753,6023,8133,327
Liabilities, other than long-term debt 4,5044,2724,0164,032
Deferred revenue and credits   (7)(9)
Pension and other postretirement defined benefit plans, liabilities 508
Deferred tax liabilities, net 1,9121,7241,6281,588
Liability, pension and other postretirement and postemployment benefits 515525404
Accrued environmental loss contingencies 364327377387
Customer refund liability  1217 
Regulatory liability 1,6111,6011,5181,477
Other liabilities 102837475
Derivative instruments and hedges, liabilities   56
Other undisclosed noncurrent liabilities  (12)(10)9
Total noncurrent liabilities: 7,7797,8627,8197,368
Total liabilities: 10,77911,08110,93710,706
Stockholders' equity
Stockholders' equity attributable to parent 3,9293,7843,5683,413
Common stock 603599595590
Treasury stock, value (8)(8)(8)(8)
Additional paid in capital 2,0992,0872,0542,014
Accumulated other comprehensive loss (186)(206)(136)(218)
Retained earnings 1,4211,3121,0631,035
Stockholders' equity attributable to noncontrolling interest 46444522
Total stockholders' equity: 3,9753,8283,6133,435
TOTAL LIABILITIES AND EQUITY: 14,75414,90914,55014,141

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

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 3,9415,3854,2093,922
Cost of revenue (1,645)(2,765)(2,110)(1,791)
Gross profit: 2,2962,6202,0992,131
Operating expenses (1,369)(1,352)(1,294)(1,419)
Other undisclosed operating loss (181)(173)(166)(102)
Operating income: 7461,095639610
Nonoperating income (expense) 1319(154)(160)
Public utilities, allowance for funds used during construction, capitalized cost of equity  5126
Other nonoperating income 13141624
Interest and debt expense (173)(179)(170)(184)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (5)170 
Income from continuing operations before equity method investments, income taxes: 586930485266
Income from equity method investments  8313
Other undisclosed income from continuing operations before income taxes    171
Income from continuing operations before income taxes: 586938488450
Income tax expense (213)(350)(177)(164)
Other undisclosed loss from continuing operations  (8)(3) 
Income from continuing operations: 373580308286
Income (loss) from discontinued operations  (80)5 
Net income: 373500313286
Net loss attributable to noncontrolling interest (20)(18)(18)(15)
Net income available to common stockholders, diluted: 353482295271

Comprehensive Income ($ in millions)

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 373500313286
Other comprehensive income (loss) 20(72)82(1)
Comprehensive income: 393428395285
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (20)(16)(18)15
Other undisclosed comprehensive loss, net of tax, attributable to parent    (30)
Comprehensive income, net of tax, attributable to parent: 373412377270

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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