Southern Company (The) (SO) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7981,0651,9751,3962,1301,9751,404
Cash and cash equivalents1,7981,0651,9751,3962,1301,9751,404
Receivables1,7281,6351,5651,6761,8252,0661,189
Inventory, net of allowances, customer advances and progress billings8121,0101,0009291,1891,320868
Inventory8121,0101,0009291,1891,320868
Prepaid expense330276314432452364495
Deferred costs266      
Derivative instruments and hedges, assets1516636111,023607623 
Disposal group, including discontinued operation42  9   
Assets held-for-sale, not part of disposal group 60188393   
Other current assets23122218816221123071
Other undisclosed current assets3,6073,6863,9763,5633,6583,1442,499
Total current assets:8,9658,6179,8179,58310,0729,7226,526
Noncurrent Assets
Finance lease, right-of-use asset197218216
Operating lease, right-of-use asset1,7011,8021,800
Nontrade receivables     11413
Property, plant and equipment91,10887,63483,08080,79779,87278,44661,114
Long-term investments and receivables10,20210,38610,33410,29611,51011,4202,752
Long-term investments10,20210,38610,33410,29611,51011,4202,752
Regulated entity, other noncurrent assets501517547531432436468
Disposal group, including discontinued operation, noncurrent assets  6015,350   
Other noncurrent assets1,7761,2881,0711,4631,5771,395737
Deferred tax assets, net  52 
Other undisclosed noncurrent assets13,08412,47311,2348,8947,5428,2156,308
Total noncurrent assets:118,569114,318108,883107,331100,93399,97571,792
TOTAL ASSETS:127,534122,935118,700116,914111,005109,69778,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4634,6794,2404,7384,5964,5213,434
Accounts payable2,1692,3122,1152,5802,5302,2281,905
Employee-related liabilities1,0701,0259921,030959915777
Taxes payable691829659656619860503
Interest and dividends payable533513474472488518249
Debt3,5974,1165,0446,1136,3314,8284,050
Derivative instruments and hedges, liabilities 494442856546107156
Asset retirement obligation697585504404351378217
Customer advances and deposits542558404
Other liabilities872968830852868683590
Other undisclosed current liabilities1,2921,2371,4861,3233601,842278
Total current liabilities:10,92112,07912,54614,28613,59412,9179,129
Noncurrent Liabilities
Long-term debt and lease obligation, including:50,12045,07341,79840,73644,46242,62924,688
Finance lease, liability199214205
Operating lease, liability1,5031,6111,615
Other undisclosed long-term debt and lease obligation48,41843,24839,97840,73644,46242,62924,688
Liabilities, other than long-term debt24,43423,41822,11814,24216,91824,03220,385
Deferred revenue and credits2,2672,2281,219
Accumulated deferred investment tax credit2,2162,2352,2912,372
Asset retirement obligations10,99010,0999,2828,9904,4734,1363,542
Deferred tax liabilities, net 6,84214,09212,322
Deferred income tax liabilities8,8628,1757,888
Liability, pension and other postretirement and postemployment benefits1,5502,2131,8142,1472,2562,2992,582
Accrued environmental loss contingencies 216234268389397 
Other liabilities816480609465691880720
Other undisclosed noncurrent liabilities9,4929,84010,18818,32010,1793,2251,973
Total noncurrent liabilities:84,04678,33174,10473,29871,55969,88647,046
Total liabilities:94,96790,41086,65087,58485,15382,80356,175
Temporary equity, carrying amount291291291291324282161
Stockholders' equity
Stockholders' equity attributable to parent27,87427,97227,50524,72324,16724,75820,592
Common stock5,2795,2685,2575,1645,0384,9524,572
Treasury stock, value(47)(46)(42)(38)(36)(31)(142)
Additional paid in capital11,95011,83411,73411,09410,4699,6616,282
Accumulated other comprehensive loss(237)(395)(321)(203)(189)(180)(130)
Retained earnings10,92911,31110,8778,7068,88510,35610,010
Stockholders' equity attributable to noncontrolling interest4,4024,262  1,3611,8541,390
Other undisclosed stockholders' equity  4,2544,316   
Total stockholders' equity:32,27632,23431,75929,03925,52826,61221,982
TOTAL LIABILITIES AND EQUITY:127,534122,935118,700116,914111,005109,69778,318

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues23,11320,37521,41923,49523,03119,89617,489
Cost of revenue(17,837)(13,837)(14,382)(17,582)(18,751)(13,835)(11,883)
Gross profit:5,2766,5387,0375,9134,2806,0615,606
Operating expenses(1,578)(1,653)699(1,722)(1,729)(1,432)(1,324)
Operating income:3,6984,8857,7364,1912,5514,6294,282
Nonoperating expense(1,122)(1,389)(1,194)(1,442)(1,483)(1,149)(653)
Public utilities, allowance for funds used during construction, capitalized cost of equity190149128138160202226
Other nonoperating income (expense)456336252114(55)(93)(62)
Interest and debt expense(1,837)(1,821)(1,736)(1,842)(1,694)(1,317)(840)
Income (loss) from continuing operations before equity method investments, income taxes:7391,6754,806907(626)2,1632,789
Other undisclosed income from continuing operations before income taxes1,8371,8211,7361,8421,6941,317840
Income from continuing operations before income taxes:2,5763,4966,5422,7491,0683,4803,629
Income tax expense(267)(393)(1,798)(449)(142)(951)(1,194)
Net income:2,3093,1034,7442,3009262,5292,435
Net income (loss) attributable to noncontrolling interest993110(58)(46)(36)(14)
Net income attributable to parent:2,4083,1344,7542,2428802,4932,421
Preferred stock dividends and other adjustments(15)(15)(15)(16)(38)(45)(54)
Net income available to common stockholders, diluted:2,3933,1194,7392,2268422,4482,367

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,3093,1034,7442,3009262,5292,435
Other comprehensive income (loss)158(75)(118)26(9)(50)(3)
Other undisclosed comprehensive loss      (67)
Comprehensive income:2,4673,0284,6262,3269172,4792,365
Comprehensive income (loss), net of tax, attributable to noncontrolling interest993110(58)(46)(36)(14)
Other undisclosed comprehensive loss, net of tax, attributable to parent(15)(15)(15)(16)(38)(45) 
Comprehensive income, net of tax, attributable to parent:2,5513,0444,6212,2528332,3982,351

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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