SOUTHERN CO GAS (GAS) financial statements (2022 and earlier)

Company profile

Business Address 30 IVAN ALLEN JR. BLVD
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)

Current Assets
Cash, cash equivalents, and short-term investments2739130189
Cash and cash equivalents193181131
Short-term investments884958
Inventory, net of allowances, customer advances and progress billings651716658708
Prepaid expense21822363
Derivative instruments and hedges, assets2061,024885807
Regulatory current assets6883114145
Disposal group, including discontinued operation  283 
Prepaid expense and other current assets161
Deferred tax assets 24  
Other current assets134355
Other undisclosed current assets (985)(869)(677)
Total current assets:2,1152,8902,8952,668
Noncurrent Assets
Property, plant and equipment9,7919,0908,6438,347
Long-term investments and receivables103105113136
Long-term investments103105113136
Intangible assets, net (including goodwill)1,9221,9521,9721,933
Intangible assets, net (excluding goodwill)10912514596
Derivative instruments and hedges12422014
Regulated entity, other noncurrent assets670631705944
Other noncurrent assets6310285
Prepaid expense and other noncurrent assets99
Defined benefit plan, assets for plan benefits7897117 
Total noncurrent assets:12,63912,01911,65511,473
TOTAL ASSETS:14,75414,90914,55014,141
Current Liabilities
Accounts payable and accrued liabilities45554162487
Accounts payable255312421 
Employee-related liabilities92976634
Taxes payable59798553
Interest and dividends payable495352 
Derivative instruments and hedges, liabilities462865746644
Regulatory liability134112183161
Accrued environmental loss contingencies67877057
Customer refund liability 162513
Deferred tax liabilities31   
Customer advances and deposits165125136
Other liabilities131114143135
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 obligation3,2753,6023,8133,327
Liabilities, other than long-term debt4,5044,2724,0164,032
Deferred revenue and credits  (7)(9)
Pension and other postretirement defined benefit plans, liabilities 508
Deferred tax liabilities, net1,9121,7241,6281,588
Liability, pension and other postretirement and postemployment benefits515525404
Accrued environmental loss contingencies364327377387
Customer refund liability 1217 
Regulatory liability1,6111,6011,5181,477
Other liabilities102837475
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 parent3,9293,7843,5683,413
Common stock603599595590
Treasury stock, value(8)(8)(8)(8)
Additional paid in capital2,0992,0872,0542,014
Accumulated other comprehensive loss(186)(206)(136)(218)
Retained earnings1,4211,3121,0631,035
Stockholders' equity attributable to noncontrolling interest46444522
Total stockholders' equity:3,9753,8283,6133,435
TOTAL LIABILITIES AND EQUITY:14,75414,90914,55014,141

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

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 income13141624
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)

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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