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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9751,3962,1301,9751,404710659
Cash and cash equivalents1,9751,3962,1301,9751,404710659
Receivables1,5651,6761,8252,0661,1891,0721,009
Inventory, net of allowances, customer advances and progress billings1,0009291,1891,320868930
Inventory1,0009291,1891,320868930 
Prepaid expense314432452364495665489
Derivative instruments and hedges, assets6111,023607623   
Disposal group, including discontinued operation 9     
Assets held-for-sale, not part of disposal group188393   
Deferred tax assets    506 
Other current assets188162211230715039
Other undisclosed current assets3,9763,5633,6583,1442,4992,4373,403
Total current assets:9,8179,58310,0729,7226,5266,3705,599
Noncurrent Assets
Finance lease, right-of-use asset216
Operating lease, right-of-use asset1,800
Nontrade receivables   11413 
Property, plant and equipment83,08080,79779,87278,44661,11454,86851,208
Long-term investments and receivables10,33410,29611,51011,4202,7522,4922,348
Long-term investments10,33410,29611,51011,4202,7522,4922,348
Regulated entity, other noncurrent assets5475314324364681,9911,897
Disposal group, including discontinued operation, noncurrent assets6015,350    
Other noncurrent assets1,0711,4631,5771,395737904551
Prepaid pension costs   419
Deferred tax assets, net  52   
Other undisclosed noncurrent assets11,2348,8947,5428,2156,3084,2982,524
Total noncurrent assets:108,883107,331100,93399,97571,79264,55358,947
TOTAL ASSETS:118,700116,914111,005109,69778,31870,92364,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2404,7384,5964,5213,4343,3251,845
Accounts payable2,1152,5802,5302,2281,9051,5931,376
Employee-related liabilities9921,030959915777799 
Taxes payable659656619860503638469
Interest and dividends payable474472488518249295 
Debt5,0446,1136,3314,8284,0504,1361,951
Derivative instruments and hedges, liabilities442856546107156  
Asset retirement obligation504404351378217  
Accrued capping, closure, post-closure and environmental costs     860 
Customer advances and deposits542558404390
Other liabilities830852868683590544347
Other undisclosed current liabilities1,4861,3233601,842278(288)1,393
Total current liabilities:12,54614,28613,59412,9179,1298,9675,536
Noncurrent Liabilities
Long-term debt and lease obligation, including:41,79840,73644,46242,62924,68820,84121,344
Finance lease, liability205
Operating lease, liability1,615
Other undisclosed long-term debt and lease obligation39,97840,73644,46242,62924,68820,84121,344
Liabilities, other than long-term debt22,11814,24216,91824,03220,38517,97015,580
Deferred revenue and credits2,2672,2281,2191,208966
Pension and other postretirement defined benefit plans, liabilities1,461
Accumulated deferred investment tax credit2,2912,372
Asset retirement obligations9,2828,9904,4734,1363,5422,1682,006
Deferred tax liabilities, net 6,84214,09212,32211,56810,563
Deferred income tax liabilities7,888
Liability, pension and other postretirement and postemployment benefits1,8142,1472,2562,2992,5822,432
Accrued environmental loss contingencies234268389397   
Other liabilities609465691880720594584
Other undisclosed noncurrent liabilities10,18818,32010,1793,2251,9731,8051,947
Total noncurrent liabilities:74,10473,29871,55969,88647,04640,61638,871
Total liabilities:86,65087,58485,15382,80356,17549,58344,407
Temporary equity, carrying amount291291324282161414375
Stockholders' equity
Stockholders' equity attributable to parent27,50524,72324,16724,75820,59219,94919,008
Common stock5,2575,1645,0384,9524,5724,5394,461
Treasury stock, value(42)(38)(36)(31)(142)(26)(250)
Additional paid in capital11,73411,09410,4699,6616,2825,9555,362
Accumulated other comprehensive loss(321)(203)(189)(180)(130)(128)(75)
Retained earnings10,8778,7068,88510,35610,0109,6099,510
Stockholders' equity attributable to noncontrolling interest  1,3611,8541,390977756
Other undisclosed stockholders' equity4,2544,316     
Total stockholders' equity:31,75929,03925,52826,61221,98220,92619,764
TOTAL LIABILITIES AND EQUITY:118,700116,914111,005109,69778,31870,92364,546

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues21,41923,49523,03119,89617,48918,46717,087
Cost of revenue(14,382)(17,582)(18,751)(13,835)(11,883)(14,112)(12,678)
Gross profit:7,0375,9134,2806,0615,6064,3554,409
Operating expenses699(1,722)(1,729)(1,432)(1,324)(713)(1,154)
Operating income:7,7364,1912,5514,6294,2823,6423,255
Nonoperating expense(1,194)(1,442)(1,483)(1,149)(653)(634)(696)
Public utilities, allowance for funds used during construction, capitalized cost of equity128138160202226245190
Other nonoperating income (expense)252114(55)(93)(62)(63)(81)
Interest and debt expense(1,736)(1,842)(1,694)(1,317)(840)(835)(824)
Income (loss) from continuing operations before equity method investments, income taxes:4,806907(626)2,1632,7892,1731,735
Other undisclosed income from continuing operations before income taxes1,7361,8421,6941,317840835824
Income from continuing operations before income taxes:6,5422,7491,0683,4803,6293,0082,559
Income tax expense(1,798)(449)(142)(951)(1,194)(977)(849)
Net income:4,7442,3009262,5292,4352,0311,710
Net income (loss) attributable to noncontrolling interest10(58)(46)(36)(14)(2)(66)
Net income attributable to parent:4,7542,2428802,4932,4212,0291,644
Preferred stock dividends and other adjustments(15)(16)(38)(45)(54)(68) 
Other undisclosed net income available to common stockholders, basic     2 
Net income available to common stockholders, diluted:4,7392,2268422,4482,3671,9631,644

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,7442,3009262,5292,4352,0311,710
Other comprehensive income (loss)(118)26(9)(50)(3)30 
Other undisclosed comprehensive loss    (67)(151)(18)
Comprehensive income:4,6262,3269172,4792,3651,9101,692
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(58)(46)(36)(14) 66
Other undisclosed comprehensive loss, net of tax, attributable to parent(15)(16)(38)(45)   
Comprehensive income, net of tax, attributable to parent:4,6212,2528332,3982,3511,9101,758

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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