Southern (SO) Financials

$88.64 +0.43 (+0.48%)

Closing price 03:59 PM Eastern

Extended Trading

$88.78 +0.14 (+0.15%)

As of 07:48 PM Eastern

Annual Income Statements for Southern

This table shows Southern's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,401	3,976	3,524	2,393	3,119	4,739	2,226	4,020	2,448	2,367
Consolidated Net Income / (Loss)	4,260	3,849	3,428	2,309	3,103	4,744	2,300	1,992	2,529	2,435
Net Income / (Loss) Continuing Operations	4,260	3,849	3,428	2,309	3,103	4,744	2,300	62,514	5,594	2,435
Total Pre-Tax Income	5,229	4,345	4,223	2,576	3,496	6,542	2,749	2,428	3,480	3,629
Total Operating Income	7,068	5,826	5,370	3,698	4,885	7,736	4,191	4,440	4,486	4,282
Total Gross Profit	13,342	11,708	10,627	10,247	9,897	9,603	9,616	92,326	19,896	7,678
Total Revenue	26,724	25,253	29,279	23,113	20,375	21,419	23,495	117,579	19,896	17,489
Operating Revenue	26,724	25,253	29,279	23,113	20,375	21,419	23,495	117,579	19,896	17,442
Total Cost of Revenue	13,382	13,545	18,652	12,866	10,478	11,816	13,879	25,253	0.00	9,811
Operating Cost of Revenue	13,382	13,545	18,652	12,866	10,478	11,816	13,879	25,253	-	9,811
Total Operating Expenses	6,274	5,882	5,257	6,549	5,012	1,867	5,425	24,547	12,345	3,396
Depreciation Expense	4,755	4,525	3,663	3,565	3,518	3,038	3,131	6,680	5,425	2,034
Other Operating Expenses / (Income)	1,540	1,425	1,411	1,290	1,234	1,230	1,315	9,103	6,923	997
Other Special Charges / (Income)	-21	-68	183	1,692	260	-2,569	769	-2.00	-3.00	365
Total Other Income / (Expense), net	-1,839	-1,481	-1,147	-1,122	-1,389	-1,194	-1,442	-5,532	-1,006	-653
Interest Expense	2,743	2,446	2,022	1,837	1,821	1,736	1,842	4,253	1,317	840
Interest & Investment Income	374	412	375	266	302	290	286	377	261	226
Other Income / (Expense), net	530	553	500	449	130	252	114	-1,656	50	-39
Income Tax Expense	969	496	795	267	393	1,798	449	926	951	1,194
Preferred Stock Dividends Declared	0.00	0.00	11	15	15	15	16	72	45	54
Net Income / (Loss) Attributable to Noncontrolling Interest	-141	-127	-107	-99	-31	-10	58	92	36	14
Basic Earnings per Share	$4.02	$3.64	$3.28	$2.26	$2.95	$4.53	$2.18	$0.84	$2.57	$2.60
Weighted Average Basic Shares Outstanding	1.10B	1.09B	1.08B	1.06B	1.06B	1.05B	1.02B	1B	951M	910M
Diluted Earnings per Share	$3.99	$3.62	$3.26	$2.24	$2.93	$4.50	$2.17	$0.84	$2.55	$2.59
Weighted Average Diluted Shares Outstanding	1.10B	1.10B	1.08B	1.07B	1.07B	1.05B	1.03B	1.01B	958M	914M
Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.13B	1.13B	1.10B	1.10B	1.10B	1.08B	1.00B	1.04B	884.20M
Cash Dividends to Common per Share	$2.86	$2.78	$2.70	$2.62	$2.54	$2.46	$2.38	$2.30	$2.22	$2.15

This table shows Southern's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,334	534	1,535	1,203	1,129	854	1,422	838	862	-87	1,472
Consolidated Net Income / (Loss)	1,270	466	1,535	1,188	1,071	795	1,432	823	799	-139	1,487
Net Income / (Loss) Continuing Operations	1,270	466	1,535	1,188	1,071	795	1,432	823	799	-139	1,487
Total Pre-Tax Income	1,550	545	1,912	1,478	1,294	799	1,729	921	896	-235	1,901
Total Operating Income	2,010	1,058	2,368	1,939	1,703	1,208	2,110	1,290	1,218	138	2,193
Total Gross Profit	3,741	2,661	3,953	3,484	3,244	2,489	3,754	2,742	2,723	1,636	3,397
Total Revenue	7,775	6,341	7,274	6,463	6,646	6,045	6,980	5,748	6,480	7,047	8,378
Operating Revenue	7,775	6,341	7,274	6,463	6,646	6,045	6,980	5,748	6,480	7,047	8,378
Total Cost of Revenue	4,034	3,680	3,321	2,979	3,402	3,556	3,226	3,006	3,757	5,411	4,981
Operating Cost of Revenue	4,034	3,680	3,321	2,979	3,402	3,556	3,226	3,006	3,757	5,411	4,981
Total Operating Expenses	1,731	1,603	1,585	1,545	1,541	1,281	1,644	1,452	1,505	1,498	1,204
Depreciation Expense	1,286	1,218	1,210	1,182	1,145	1,159	1,143	1,112	1,111	936	922
Other Operating Expenses / (Income)	445	385	375	384	396	350	341	340	394	338	352
Total Other Income / (Expense), net	-460	-513	-456	-461	-409	-409	-381	-369	-322	-373	-292
Interest Expense	714	692	692	694	665	634	620	610	582	561	511
Interest & Investment Income	105	100	89	82	103	102	98	99	113	104	87
Other Income / (Expense), net	149	79	147	151	153	123	141	142	147	84	132
Income Tax Expense	280	79	377	290	223	4.00	297	98	97	-96	414
Net Income / (Loss) Attributable to Noncontrolling Interest	-64	-68	0.00	-15	-58	-59	10	-15	-63	-52	12
Basic Earnings per Share	$1.21	$0.49	$1.40	$1.10	$1.03	$0.78	$1.30	$0.77	$0.79	($0.09)	$1.36
Weighted Average Basic Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.09B	1.09B	1.09B	1.09B	1.09B	1.08B	1.08B
Diluted Earnings per Share	$1.21	$0.48	$1.39	$1.09	$1.03	$0.78	$1.29	$0.76	$0.79	($0.09)	$1.35
Weighted Average Diluted Shares Outstanding	1.11B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.08B	1.09B
Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.14B	1.13B	1.13B	1.13B	1.13B	1.13B	1.13B	1.13B

This table details how cash moves in and out of Southern's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-26	-1,116	208	761	-910	587	-628	155	489	694
Net Cash From Operating Activities	9,788	7,553	6,302	6,169	6,696	5,781	6,945	6,394	4,894	6,274
Net Cash From Continuing Operating Activities	9,582	7,530	6,251	6,169	6,696	5,909	6,945	6,394	4,811	6,847
Net Income / (Loss) Continuing Operations	4,260	3,849	3,428	2,309	3,103	4,744	2,300	926	2,529	2,435
Consolidated Net Income / (Loss)	4,260	3,849	3,428	2,309	3,103	4,744	2,300	926	2,529	2,435
Depreciation Expense	5,266	4,986	4,064	3,973	3,905	3,331	3,549	3,457	2,923	2,395
Non-Cash Adjustments To Reconcile Net Income	-1,580	-1,259	-1,743	584	81	-2,204	1,008	2,798	-1,635	197
Changes in Operating Assets and Liabilities, net	1,636	-46	502	-697	-393	38	175	-787	1,053	1,841
Net Cash From Investing Activities	-9,400	-9,668	-8,430	-7,353	-7,030	-3,392	-5,760	-7,190	-20,047	-7,280
Net Cash From Continuing Investing Activities	-9,400	-9,668	-8,430	-7,353	-7,030	-3,392	-5,760	-7,190	-20,037	-6,824
Purchase of Property, Plant & Equipment	-9,587	-9,095	-7,923	-7,586	-7,522	-7,555	-8,001	-7,423	-7,555	-5,674
Purchase of Investments	-1,551	-1,142	-1,125	-1,598	-877	-888	-1,117	-811	-1,160	-1,584
Divestitures	369	164	275	917	1,049	5,122	2,956	97	15	-
Sale and/or Maturity of Investments	1,535	1,121	1,112	1,593	871	882	1,111	805	1,154	1,430
Other Investing Activities, net	-166	-716	-769	-679	-551	-903	-530	1,348	-377	665
Net Cash From Financing Activities	-208	999	2,336	1,945	-576	-1,930	-1,813	951	15,725	1,700
Net Cash From Continuing Financing Activities	-208	999	2,336	1,945	-576	-1,930	-1,813	951	15,722	4,883
Repayment of Debt	-3,242	-6,063	-3,790	-4,618	-6,719	-6,197	-8,471	-4,212	-4,135	-7,284
Repurchase of Preferred Equity	0.00	0.00	-298	0.00	-	-	-33	-658	0.00	-412
Payment of Dividends	-3,139	-3,269	-3,166	-3,128	-2,956	-2,826	-2,578	-2,419	-2,176	-1,977
Issuance of Debt	6,859	10,295	7,782	9,117	8,662	6,210	5,628	7,117	17,593	11,836
Issuance of Common Equity	143	36	1,808	574	437	1,040	3,641	873	4,440	597
Other Financing Activities, net	-829	-	-	-	-	-157	0.00	-	0.00	2,238
Cash Interest Paid	2,538	2,184	1,758	1,718	1,683	1,651	1,794	1,676	1,066	809
Cash Income Taxes Paid	176	132	146	93	64	276	172	-410	-148	-9.00

This table details how cash moves in and out of Southern's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,231	-160	-156	379	-89	-969	-354	1,027	-820	24	278
Net Cash From Operating Activities	1,250	2,173	3,616	2,688	1,311	1,813	2,840	2,056	844	1,285	1,438
Net Cash From Continuing Operating Activities	1,250	1,967	3,620	2,684	1,311	1,785	2,820	2,081	844	1,234	1,438
Net Income / (Loss) Continuing Operations	1,270	466	1,535	1,188	1,071	796	1,431	823	799	-138	1,487
Consolidated Net Income / (Loss)	1,270	466	1,535	1,188	1,071	796	1,431	823	799	-138	1,487
Depreciation Expense	1,411	1,350	1,344	1,311	1,261	1,287	1,263	1,203	1,233	980	1,089
Non-Cash Adjustments To Reconcile Net Income	-281	-675	-440	-541	76	-285	-493	-1,046	565	321	-1,923
Changes in Operating Assets and Liabilities, net	-1,150	826	1,181	726	-1,097	-13	619	1,101	-1,753	71	785
Net Cash From Investing Activities	-2,834	-2,722	-2,456	-1,837	-2,385	-2,947	-2,433	-2,170	-2,118	-2,478	-2,492
Net Cash From Continuing Investing Activities	-2,834	-2,722	-2,456	-1,837	-2,385	-2,947	-2,433	-2,170	-2,118	-2,478	-2,492
Purchase of Property, Plant & Equipment	-2,437	-3,381	-2,311	-2,125	-1,770	-2,534	-2,663	-2,048	-1,850	-2,421	-2,289
Purchase of Investments	-361	-481	-331	-335	-404	-257	-159	-470	-256	-267	-230
Sale and/or Maturity of Investments	361	465	332	335	403	242	159	469	251	258	230
Other Investing Activities, net	-397	676	-171	-57	-614	-397	191	-144	-366	-203	-204
Net Cash From Financing Activities	2,815	595	-1,316	-472	985	165	-761	1,141	454	1,217	1,332
Net Cash From Continuing Financing Activities	2,815	595	-1,316	-472	985	165	-761	1,141	454	1,217	1,332
Repayment of Debt	-1,009	1,366	-1,861	-1,417	-1,330	-1,348	-2,190	-1,467	-1,058	-374	-946
Payment of Dividends	-773	-811	-841	-720	-767	-850	-913	-716	-790	-825	-801
Issuance of Debt	4,567	838	1,358	1,618	3,045	2,233	2,271	3,525	2,266	2,782	1,337
Issuance of Common Equity	30	31	28	47	37	10	4.00	-14	36	-68	1,742
Cash Interest Paid	756	523	780	521	714	490	651	391	652	333	589
Cash Income Taxes Paid	-1.00	45	69	71	-9.00	121	51	-31	-9.00	-14	3.00

This table presents Southern's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	145,180	139,331	134,891	127,534	122,935	118,700	116,914	26,846	20,801	73,626
Total Current Assets	10,694	10,432	10,416	8,965	8,617	9,817	9,583	3,520	3,160	6,526
Cash & Equivalents	1,070	748	1,917	1,798	1,065	1,975	1,396	-	-	1,404
Accounts Receivable	4,289	3,963	3,716	2,962	2,819	2,981	3,258	-	-	1,903
Inventories, net	3,369	3,352	2,677	2,355	2,488	2,388	2,394	1,190	1,262	1,929
Prepaid Expenses	294	406	347	330	276	314	432	832	524	495
Other Current Assets	1,672	1,963	1,759	1,520	1,969	2,159	2,103	1,498	1,374	651
Plant, Property, & Equipment, net	104,689	99,844	94,570	91,108	87,634	83,080	80,797	0.00	0.00	61,114
Plant, Property & Equipment, gross	143,942	136,711	129,867	125,187	120,031	113,845	111,835	-	-	85,367
Accumulated Depreciation	40,126	37,725	35,297	34,079	32,397	30,765	31,038	-	-	24,253
Total Noncurrent Assets	29,797	29,055	29,905	27,461	26,684	25,803	26,313	23,326	17,641	5,986
Long-Term Investments	2,084	2,033	2,045	1,935	2,316	2,482	12,943	3,765	3,864	921
Goodwill	5,161	5,161	5,161	5,280	5,280	5,280	5,315	18,202	12,218	2.00
Intangible Assets	332	368	406	445	487	536	613	1,153	1,336	317
Noncurrent Deferred & Refundable Income Taxes	889	886	866	824	796	798	794	-	-	2,029
Employee Benefit Assets	2,674	2,079	2,290	1,657	-	-	-	-	-	-
Other Noncurrent Operating Assets	12,996	12,849	13,135	17,062	17,525	15,806	6,117	-	-	2,249
Other Noncurrent Nonoperating Assets	5,661	5,679	6,002	258	280	901	531	206	223	468
Total Liabilities & Shareholders' Equity	145,180	139,331	134,891	127,534	122,935	118,700	116,914	6,310	8,944	78,318
Total Liabilities	108,506	104,106	100,359	94,967	90,410	86,650	87,584	4,335	5,478	56,175
Total Current Liabilities	15,993	13,467	15,724	10,921	12,079	12,546	14,286	3,304	4,724	9,129
Short-Term Debt	6,256	4,973	7,091	3,597	4,116	5,044	6,113	-	-	4,050
Accounts Payable	3,701	2,898	3,525	2,169	2,312	2,115	2,580	2,530	2,576	1,905
Accrued Expenses	1,261	1,151	1,127	1,070	1,025	992	1,030	-	-	777
Customer Deposits	486	503	502	479	487	496	522	-	-	404
Current Deferred & Payable Income Tax Liabilities	57	8.00	60	50	130	0.00	21	774	430	9.00
Other Taxes Payable	997	860	764	641	699	659	635	-	768	494
Other Current Liabilities	2,360	2,208	2,041	2,382	2,797	2,761	2,488	-	950	1,241
Other Current Nonoperating Liabilities	682	652	614	533	513	479	897	0.00	-	249
Total Noncurrent Liabilities	92,513	90,639	84,635	84,046	78,331	74,104	73,456	1,031	754	46,732
Long-Term Debt	58,768	57,210	50,656	50,120	45,073	41,798	40,894	300	-	24,688
Capital Lease Obligations	1,253	1,307	1,388	-	-	-	-	-	-	-
Asset Retirement Reserve & Litigation Obligation	11,219	11,530	12,049	13,093	12,310	11,755	11,555	731	754	5,110
Noncurrent Deferred & Payable Income Tax Liabilities	18,220	17,731	17,404	16,479	16,177	16,257	15,390	-	-	13,728
Noncurrent Employee Benefit Liabilities	1,011	1,115	1,238	1,550	2,213	1,814	2,147	-	-	2,582
Other Noncurrent Operating Liabilities	2,042	1,746	1,900	2,804	2,558	2,480	634	-	-	624
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	36,674	35,225	34,532	32,276	32,234	31,759	29,039	1,360	3,099	21,821
Total Preferred & Common Equity	33,208	31,444	30,408	27,874	27,972	27,505	24,723	0.00	0.00	20,431
Total Common Equity	33,208	31,444	30,408	27,874	27,972	27,505	24,761	0.00	0.00	20,431
Common Stock	19,595	19,198	19,090	17,229	17,102	16,991	16,258	-	-	10,854
Retained Earnings	13,750	12,482	11,538	10,929	11,311	10,877	8,706	-	-	10,010
Treasury Stock	-59	-59	-53	-47	-46	-42	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-78	-177	-167	-237	-395	-321	-203	-	-	-130
Noncontrolling Interest	3,466	3,781	4,124	4,402	4,262	4,254	4,316	1,360	3,099	1,390

This table presents Southern's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	148,109	145,180	143,956	141,937	140,120	139,331	138,321	137,116	134,756	134,891	134,005
Total Current Assets	11,817	10,694	11,040	10,993	10,543	10,432	11,088	10,979	9,555	10,416	10,363
Cash & Equivalents	2,327	1,070	1,018	1,152	713	748	1,676	2,123	1,053	1,917	2,009
Accounts Receivable	3,567	4,289	3,728	3,587	3,245	3,963	2,699	3,746	3,400	3,716	3,269
Inventories, net	3,054	3,369	3,385	3,287	3,268	3,352	3,148	2,963	2,750	2,677	2,681
Prepaid Expenses	441	294	391	422	474	406	321	504	626	347	373
Other Current Assets	1,721	1,672	1,829	1,856	2,142	1,963	1,934	1,643	1,726	1,759	2,031
Plant, Property, & Equipment, net	106,329	104,689	102,897	101,888	100,470	99,844	98,254	96,767	95,630	94,570	93,529
Plant, Property & Equipment, gross	146,348	143,942	141,547	140,883	138,817	136,711	135,453	133,267	131,620	129,867	128,451
Accumulated Depreciation	40,909	40,126	39,536	38,995	38,347	37,725	37,199	36,500	35,990	35,297	34,922
Total Noncurrent Assets	29,963	29,797	30,019	29,056	29,107	29,055	27,700	29,370	29,571	29,905	30,113
Long-Term Investments	2,129	2,084	2,071	2,069	2,068	2,033	2,027	2,000	2,024	2,045	1,882
Goodwill	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,280
Intangible Assets	324	332	341	350	359	368	377	386	397	406	415
Noncurrent Deferred & Refundable Income Taxes	895	889	874	874	888	886	889	892	876	866	854
Employee Benefit Assets	2,781	2,674	2,375	2,279	2,184	2,079	2,574	2,478	2,384	2,290	2,019
Other Noncurrent Operating Assets	13,009	12,996	13,712	12,731	12,852	12,849	10,819	18,224	18,495	13,135	12,901
Other Noncurrent Nonoperating Assets	5,664	5,661	5,485	5,592	5,595	5,679	5,853	229	234	6,002	6,762
Total Liabilities & Shareholders' Equity	148,109	145,180	143,956	141,937	140,120	139,331	138,321	137,116	134,756	134,891	134,005
Total Liabilities	110,886	108,506	107,051	105,826	104,506	104,106	103,017	102,468	100,194	100,359	98,287
Total Current Liabilities	13,770	15,993	12,165	12,028	11,458	13,467	13,214	13,240	13,893	15,724	12,801
Short-Term Debt	5,682	6,256	2,364	4,134	4,409	4,973	4,802	5,710	6,917	7,091	4,639
Accounts Payable	3,094	3,701	3,950	2,445	2,154	2,898	2,942	2,493	2,365	3,525	3,079
Accrued Expenses	683	1,261	1,065	746	618	1,151	936	719	617	1,127	961
Customer Deposits	458	486	491	466	456	503	511	493	475	502	516
Current Deferred & Payable Income Tax Liabilities	53	57	37	49	76	8.00	177	76	52	60	129
Other Taxes Payable	600	997	985	722	503	860	862	627	435	764	882
Other Current Liabilities	2,584	2,360	2,477	2,764	2,659	2,208	2,014	2,470	2,545	2,041	2,164
Other Current Nonoperating Liabilities	600	682	570	702	583	652	573	652	487	614	431
Total Noncurrent Liabilities	97,116	92,513	94,886	93,798	93,048	90,639	89,803	123,322	86,301	84,635	85,486
Long-Term Debt	62,939	58,768	61,254	59,883	59,361	57,210	56,003	55,134	52,060	50,656	50,427
Asset Retirement Reserve & Litigation Obligation	11,184	11,219	11,184	11,609	11,646	11,530	11,812	12,059	12,130	12,049	12,957
Noncurrent Deferred & Payable Income Tax Liabilities	18,587	18,220	18,317	18,010	17,848	17,731	17,658	17,679	17,707	17,404	17,341
Noncurrent Employee Benefit Liabilities	983	1,011	1,064	1,109	1,096	1,115	1,184	1,217	1,222	1,238	1,466
Other Noncurrent Operating Liabilities	3,423	2,042	3,067	3,187	3,097	1,746	3,146	3,139	3,182	1,900	3,295
Total Equity & Noncontrolling Interests	37,223	36,674	36,905	36,111	35,614	35,225	35,304	34,648	34,562	34,532	35,476
Total Preferred & Common Equity	37,223	33,208	36,905	36,111	35,614	31,444	35,304	0.00	0.00	30,408	35,476
Total Common Equity	37,223	33,208	36,905	36,111	35,614	31,444	35,304	0.00	0.00	30,408	35,476
Common Stock	37,223	19,595	36,905	36,111	35,614	19,198	35,304	-	-	19,090	35,476

This table displays calculated financial ratios and metrics derived from Southern's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.83%	-13.75%	26.68%	13.44%	-4.87%	-8.84%	-80.02%	490.97%	13.76%	-5.30%
EBITDA Growth	13.19%	14.41%	22.34%	-8.97%	-21.19%	45.73%	24.45%	-15.66%	11.83%	12.74%
EBIT Growth	19.11%	8.67%	41.55%	-17.31%	-37.22%	85.55%	54.63%	-38.62%	6.91%	17.93%
NOPAT Growth	11.57%	18.40%	31.51%	-23.55%	-22.71%	59.99%	27.66%	-15.75%	13.47%	16.84%
Net Income Growth	10.68%	12.28%	48.46%	-25.59%	-34.59%	106.26%	15.46%	-21.23%	3.86%	19.89%
EPS Growth	10.22%	11.04%	45.54%	-23.55%	-34.89%	107.37%	158.33%	-67.06%	-1.54%	18.81%
Operating Cash Flow Growth	29.59%	19.85%	2.16%	-7.87%	15.83%	-16.76%	8.62%	30.65%	-22.00%	7.89%
Free Cash Flow Firm Growth	213.70%	-157.29%	403.41%	-335.33%	93.94%	91.57%	-774.44%	-113.50%	184.41%	-1,565.53%
Invested Capital Growth	4.27%	8.07%	1.80%	5.42%	6.15%	14.18%	244.06%	67.68%	-74.44%	2,950.78%
Revenue Q/Q Growth	1.12%	-3.82%	4.57%	2.89%	1.01%	-1.94%	-80.03%	394.07%	20.40%	0.00%
EBITDA Q/Q Growth	-1.01%	14.23%	3.60%	-9.39%	2.02%	1.09%	-7.24%	9.57%	1.73%	1,205.13%
EBIT Q/Q Growth	-2.49%	21.04%	7.20%	-17.31%	-0.16%	2.66%	-10.92%	20.10%	-0.46%	0.00%
NOPAT Q/Q Growth	-4.68%	23.26%	5.41%	-18.53%	-0.06%	1.13%	-24.66%	110.07%	-1.58%	0.00%
Net Income Q/Q Growth	-7.17%	32.04%	4.42%	-21.76%	-1.62%	3.04%	-36.06%	216.19%	-3.55%	0.00%
EPS Q/Q Growth	-6.99%	31.64%	3.49%	-20.00%	-1.68%	3.21%	-9.21%	55.56%	-3.77%	0.00%
Operating Cash Flow Q/Q Growth	3.82%	7.52%	3.23%	-5.92%	9.41%	-8.77%	4.72%	9.32%	-10.73%	304.77%
Free Cash Flow Firm Q/Q Growth	272.84%	-788.99%	-60.63%	86.78%	-103.95%	-450.53%	7.82%	-111.14%	162.11%	-7,698.55%
Invested Capital Q/Q Growth	3.21%	7.28%	4.66%	-1.06%	8.38%	0.48%	-6.24%	2.38%	-81.48%	7,935.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.93%	46.36%	36.30%	44.33%	48.57%	44.83%	40.93%	78.52%	100.00%	43.90%
EBITDA Margin	48.14%	45.00%	33.93%	35.13%	43.78%	52.85%	33.06%	5.31%	37.19%	37.84%
Operating Margin	26.45%	23.07%	18.34%	16.00%	23.98%	36.12%	17.84%	3.78%	22.55%	24.48%
EBIT Margin	28.43%	25.26%	20.05%	17.94%	24.61%	37.29%	18.32%	2.37%	22.80%	24.26%
Profit (Net Income) Margin	15.94%	15.24%	11.71%	9.99%	15.23%	22.15%	9.79%	1.69%	12.71%	13.92%
Tax Burden Percent	81.47%	88.58%	81.17%	89.64%	88.76%	72.52%	83.67%	82.04%	72.67%	67.10%
Interest Burden Percent	68.82%	68.11%	71.94%	62.12%	69.71%	81.90%	63.86%	87.21%	76.72%	85.53%
Effective Tax Rate	18.53%	11.42%	18.83%	10.36%	11.24%	27.48%	16.33%	38.14%	27.33%	32.90%
Return on Invested Capital (ROIC)	6.19%	5.88%	5.22%	4.11%	5.68%	8.08%	8.38%	18.26%	11.81%	13.55%
ROIC Less NNEP Spread (ROIC-NNEP)	3.56%	3.40%	3.35%	2.02%	2.88%	5.85%	3.77%	12.14%	6.90%	8.81%
Return on Net Nonoperating Assets (RNNOA)	5.66%	5.15%	5.00%	2.99%	3.93%	7.38%	6.31%	54.96%	8.06%	6.80%
Return on Equity (ROE)	11.85%	11.04%	10.22%	7.09%	9.61%	15.46%	14.69%	73.22%	19.88%	20.35%
Cash Return on Invested Capital (CROIC)	2.01%	-1.87%	3.43%	-1.17%	-0.28%	-5.16%	-101.54%	-32.30%	130.39%	-96.97%
Operating Return on Assets (OROA)	5.34%	4.65%	4.47%	3.31%	4.15%	6.78%	5.99%	11.69%	9.61%	11.22%
Return on Assets (ROA)	2.99%	2.81%	2.61%	1.84%	2.57%	4.03%	3.20%	8.36%	5.36%	6.44%
Return on Common Equity (ROCE)	10.66%	9.78%	8.88%	6.09%	8.26%	13.16%	11.62%	0.00%	15.96%	17.37%
Return on Equity Simple (ROE_SIMPLE)	12.83%	12.24%	11.27%	8.28%	11.09%	17.25%	9.30%	0.00%	0.00%	11.92%
Net Operating Profit after Tax (NOPAT)	5,758	5,161	4,359	3,315	4,336	5,610	3,506	2,747	3,260	2,873
NOPAT Margin	21.55%	20.44%	14.89%	14.34%	21.28%	26.19%	14.92%	2.34%	16.39%	16.43%
Net Nonoperating Expense Percent (NNEP)	2.62%	2.48%	1.86%	2.09%	2.80%	2.24%	4.61%	6.13%	4.92%	4.74%
Return On Investment Capital (ROIC_SIMPLE)	5.59%	5.23%	4.65%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	50.07%	53.64%	63.70%	55.67%	51.43%	55.17%	59.07%	21.48%	0.00%	56.10%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.48%	23.29%	17.95%	28.33%	24.60%	8.72%	23.09%	20.88%	62.05%	19.42%
Earnings before Interest and Taxes (EBIT)	7,598	6,379	5,870	4,147	5,015	7,988	4,305	2,784	4,536	4,243
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12,864	11,365	9,934	8,120	8,920	11,319	7,767	6,241	7,400	6,617
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.79	2.39	2.41	2.41	2.06	2.06	1.49	0.00	0.00	1.48
Price to Tangible Book Value (P/TBV)	3.35	2.90	2.95	3.03	2.59	2.62	1.96	0.00	0.00	1.51
Price to Revenue (P/Rev)	3.47	2.97	2.50	2.90	2.82	2.65	1.58	0.32	1.80	1.73
Price to Earnings (P/E)	21.08	18.89	20.81	28.05	18.44	11.98	16.62	9.34	14.61	12.80
Dividend Yield	4.36%	4.19%	4.16%	4.30%	4.85%	4.72%	6.93%	6.44%	6.38%	6.79%
Earnings Yield	4.74%	5.30%	4.81%	3.56%	5.42%	8.35%	6.02%	10.71%	6.84%	7.81%
Enterprise Value to Invested Capital (EV/IC)	1.68	1.53	1.57	1.47	1.37	1.40	1.15	1.91	3.15	1.33
Enterprise Value to Revenue (EV/Rev)	5.96	5.53	4.53	5.27	5.29	4.84	3.16	0.31	1.78	3.33
Enterprise Value to EBITDA (EV/EBITDA)	12.39	12.28	13.35	15.00	12.09	9.16	9.56	5.78	4.78	8.80
Enterprise Value to EBIT (EV/EBIT)	20.97	21.88	22.60	29.37	21.51	12.98	17.25	12.95	7.80	13.73
Enterprise Value to NOPAT (EV/NOPAT)	27.68	27.05	30.43	36.75	24.88	18.49	21.18	13.13	10.85	20.28
Enterprise Value to Operating Cash Flow (EV/OCF)	16.28	18.48	21.05	19.75	16.11	17.94	10.70	5.64	7.23	9.29
Enterprise Value to Free Cash Flow (EV/FCFF)	85.30	0.00	46.24	0.00	0.00	0.00	0.00	0.00	0.98	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.81	1.80	1.71	1.65	1.51	1.46	1.60	0.15	0.00	1.31
Long-Term Debt to Equity	1.64	1.66	1.51	1.54	1.39	1.30	1.39	0.15	0.00	1.12
Financial Leverage	1.59	1.52	1.49	1.48	1.36	1.26	1.67	4.53	1.17	0.77
Leverage Ratio	3.96	3.93	3.91	3.85	3.74	3.84	4.59	8.76	3.71	3.16
Compound Leverage Factor	2.72	2.68	2.81	2.39	2.61	3.14	2.93	7.64	2.85	2.70
Debt to Total Capital	64.38%	64.32%	63.13%	62.26%	60.20%	59.37%	61.58%	13.19%	0.00%	56.66%
Short-Term Debt to Total Capital	6.08%	5.04%	7.57%	4.17%	5.04%	6.39%	8.01%	0.00%	0.00%	7.99%
Long-Term Debt to Total Capital	58.30%	59.28%	55.56%	58.09%	55.16%	52.98%	53.57%	13.19%	0.00%	48.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.37%	3.83%	4.40%	5.44%	5.57%	5.76%	6.04%	86.81%	100.00%	3.06%
Common Equity to Total Capital	32.26%	31.85%	32.46%	32.30%	34.23%	34.86%	32.44%	0.00%	0.00%	40.28%
Debt to EBITDA	5.15	5.59	5.95	6.62	5.51	4.14	6.05	0.05	0.00	4.34
Net Debt to EBITDA	4.91	5.34	5.55	6.16	5.14	3.74	4.21	-0.56	0.00	3.99
Long-Term Debt to EBITDA	4.67	5.15	5.24	6.17	5.05	3.69	5.27	0.05	0.00	3.73
Debt to NOPAT	11.51	12.30	13.57	16.21	11.34	8.35	13.41	0.11	0.00	10.00
Net Debt to NOPAT	10.96	11.76	12.66	15.08	10.56	7.56	9.32	-1.26	0.00	9.19
Long-Term Debt to NOPAT	10.42	11.34	11.94	15.12	10.40	7.45	11.66	0.11	0.00	8.59
Altman Z-Score	0.96	0.86	0.87	0.81	0.78	0.90	0.63	9.93	5.50	0.90
Noncontrolling Interest Sharing Ratio	10.08%	11.33%	13.14%	14.20%	14.09%	14.85%	20.90%	100.00%	19.71%	14.64%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.67	0.77	0.66	0.82	0.71	0.78	0.67	1.07	0.67	0.71
Quick Ratio	0.34	0.35	0.36	0.44	0.32	0.40	0.33	0.00	0.00	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,868	-1,643	2,868	-945	-217	-3,582	-42,475	-4,857	35,983	-42,628
Operating Cash Flow to CapEx	102.10%	83.05%	79.54%	81.32%	89.02%	76.52%	86.80%	86.14%	64.86%	111.96%
Free Cash Flow to Firm to Interest Expense	0.68	-0.67	1.42	-0.51	-0.12	-2.06	-23.06	-1.14	27.32	-50.75
Operating Cash Flow to Interest Expense	3.57	3.09	3.12	3.36	3.68	3.33	3.77	1.50	3.72	7.47
Operating Cash Flow Less CapEx to Interest Expense	0.07	-0.63	-0.80	-0.77	-0.45	-1.02	-0.57	-0.24	-2.01	0.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.18	0.22	0.18	0.17	0.18	0.33	4.94	0.42	0.46
Accounts Receivable Turnover	6.48	6.58	8.77	8.00	7.03	6.87	0.00	0.00	0.00	0.00
Inventory Turnover	3.98	4.49	7.41	5.31	4.30	4.94	7.75	20.60	0.00	0.00
Fixed Asset Turnover	0.26	0.26	0.32	0.26	0.24	0.26	0.00	0.00	0.00	0.00
Accounts Payable Turnover	4.06	4.22	6.55	5.74	4.73	5.03	5.43	9.89	0.00	5.61
Days Sales Outstanding (DSO)	56.35	55.50	41.62	45.65	51.95	53.16	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	91.66	81.23	49.24	68.70	84.93	73.86	47.13	17.72	0.00	0.00
Days Payable Outstanding (DPO)	90.00	86.54	55.71	63.56	77.11	72.52	67.19	36.90	0.00	65.07
Cash Conversion Cycle (CCC)	58.02	50.19	35.15	50.78	59.77	54.50	-20.07	-19.18	0.00	-65.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	95,011	91,121	84,317	82,826	78,566	74,013	64,821	18,840	11,236	43,959
Invested Capital Turnover	0.29	0.29	0.35	0.29	0.27	0.31	0.56	7.82	0.72	0.82
Increase / (Decrease) in Invested Capital	3,890	6,804	1,491	4,260	4,553	9,192	45,981	7,604	-32,723	45,501
Enterprise Value (EV)	159,367	139,579	132,633	121,808	107,879	103,698	74,280	36,056	35,378	58,258
Market Capitalization	92,778	75,089	73,336	67,131	57,518	56,768	37,005	37,546	35,776	30,294
Book Value per Share	$29.22	$27.79	$26.92	$25.32	$25.49	$25.24	$22.99	$0.00	$0.00	$21.38
Tangible Book Value per Share	$24.38	$22.90	$21.99	$20.12	$20.24	$19.90	$17.48	($18.40)	($13.20)	$21.05
Total Capital	102,951	98,715	93,667	86,284	81,714	78,892	76,337	2,275	3,466	50,720
Total Debt	66,277	63,490	59,135	53,717	49,189	46,842	47,007	300	0.00	28,738
Total Long-Term Debt	60,021	58,517	52,044	50,120	45,073	41,798	40,894	300	0.00	24,688
Net Debt	63,123	60,709	55,173	49,984	45,808	42,385	32,668	-3,465	-3,864	26,413
Capital Expenditures (CapEx)	9,587	9,095	7,923	7,586	7,522	7,555	8,001	7,423	7,545	5,604
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-113	1,190	-134	-157	-411	340	14	216	-1,564	43
Debt-free Net Working Capital (DFNWC)	957	1,938	1,783	1,641	654	2,315	1,410	216	-1,564	1,447
Net Working Capital (NWC)	-5,299	-3,035	-5,308	-1,956	-3,462	-2,729	-4,703	216	-1,564	-2,603
Net Nonoperating Expense (NNE)	1,498	1,312	931	1,006	1,233	866	1,206	755	731	438
Net Nonoperating Obligations (NNO)	58,337	55,896	49,785	50,259	46,041	41,963	35,491	16,865	7,770	21,977
Total Depreciation and Amortization (D&A)	5,266	4,986	4,064	3,973	3,905	3,331	3,462	3,457	2,864	2,374
Debt-free, Cash-free Net Working Capital to Revenue	-0.42%	4.71%	-0.46%	-0.68%	-2.02%	1.59%	0.06%	0.18%	-7.86%	0.25%
Debt-free Net Working Capital to Revenue	3.58%	7.67%	6.09%	7.10%	3.21%	10.81%	6.00%	0.18%	-7.86%	8.27%
Net Working Capital to Revenue	-19.83%	-12.02%	-18.13%	-8.46%	-16.99%	-12.74%	-20.02%	0.18%	-7.86%	-14.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.02	$3.64	$3.28	$2.26	$2.95	$4.53	$2.18	$0.84	$2.57	$2.60
Adjusted Weighted Average Basic Shares Outstanding	1.10B	1.09B	1.08B	1.06B	1.06B	1.05B	1.02B	1B	951M	910M
Adjusted Diluted Earnings per Share	$3.99	$3.62	$3.26	$2.24	$2.93	$4.50	$2.17	$0.84	$2.55	$2.59
Adjusted Weighted Average Diluted Shares Outstanding	1.10B	1.10B	1.08B	1.07B	1.07B	1.05B	1.03B	1.01B	958M	914M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$4.53	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.13B	1.13B	1.10B	1.10B	1.10B	1.08B	1.06B	1.04B	959.41M
Normalized Net Operating Profit after Tax (NOPAT)	5,741	5,101	4,508	4,833	4,567	3,869	4,326	2,745	3,258	3,118
Normalized NOPAT Margin	21.48%	20.20%	15.40%	20.91%	22.41%	18.06%	18.41%	2.34%	16.37%	17.83%
Pre Tax Income Margin	19.57%	17.21%	14.42%	11.15%	17.16%	30.54%	11.70%	2.07%	17.49%	20.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.77	2.61	2.90	2.26	2.75	4.60	2.34	0.65	3.44	5.05
NOPAT to Interest Expense	2.10	2.11	2.16	1.80	2.38	3.23	1.90	0.65	2.48	3.42
EBIT Less CapEx to Interest Expense	-0.73	-1.11	-1.02	-1.87	-1.38	0.25	-2.01	-1.09	-2.28	-1.62
NOPAT Less CapEx to Interest Expense	-1.40	-1.61	-1.76	-2.33	-1.75	-1.12	-2.44	-1.10	-3.25	-3.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	73.69%	84.93%	92.36%	135.47%	95.26%	59.57%	112.09%	121.44%	86.04%	81.19%
Augmented Payout Ratio	73.69%	84.93%	92.36%	135.47%	95.26%	59.57%	112.09%	121.44%	86.04%	85.91%

This table displays calculated financial ratios and metrics derived from Southern's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.99%	4.90%	4.21%	12.44%	2.56%	-14.22%	-16.69%	-20.23%	-2.53%	22.20%	34.31%
EBITDA Growth	14.53%	-5.00%	9.82%	29.07%	19.98%	117.80%	2.93%	-5.89%	3.18%	40.26%	19.83%
EBIT Growth	16.33%	-14.58%	11.73%	45.95%	35.97%	499.55%	-3.18%	-20.18%	-10.73%	229.07%	25.40%
NOPAT Growth	16.84%	-24.74%	8.79%	35.20%	29.77%	1,144.26%	1.87%	-10.90%	-7.82%	141.69%	32.93%
Net Income Growth	18.58%	-41.38%	7.19%	44.35%	34.04%	671.94%	-3.70%	-24.43%	-19.37%	51.06%	33.96%
EPS Growth	17.48%	-38.46%	7.75%	43.42%	30.38%	966.67%	-4.44%	-26.21%	-18.56%	55.00%	31.07%
Operating Cash Flow Growth	-4.65%	19.86%	27.32%	30.74%	55.33%	41.09%	97.50%	3.47%	-46.98%	18.11%	-33.95%
Free Cash Flow Firm Growth	-350.79%	46.71%	-98.93%	-213.83%	120.60%	-301.75%	-153.95%	498.91%	11.54%	68.96%	149.00%
Invested Capital Growth	5.22%	4.27%	8.39%	58.29%	0.19%	8.07%	5.43%	-31.90%	8.47%	1.80%	-3.76%
Revenue Q/Q Growth	22.61%	-12.83%	12.55%	-2.75%	9.94%	-13.40%	21.43%	-11.30%	-8.05%	-15.89%	16.26%
EBITDA Q/Q Growth	43.55%	-35.55%	13.47%	9.11%	19.06%	-25.50%	33.36%	1.42%	116.14%	-64.79%	21.93%
EBIT Q/Q Growth	89.89%	-54.79%	20.33%	12.61%	39.44%	-40.87%	57.19%	4.91%	514.86%	-90.45%	29.60%
NOPAT Q/Q Growth	82.05%	-52.41%	21.98%	10.57%	17.27%	-31.22%	51.60%	6.13%	1,024.37%	-94.37%	32.58%
Net Income Q/Q Growth	172.53%	-69.64%	29.21%	10.92%	34.72%	-44.48%	74.00%	3.00%	674.82%	-109.35%	36.55%
EPS Q/Q Growth	152.08%	-65.47%	27.52%	5.83%	32.05%	-39.53%	69.74%	-3.80%	977.78%	-106.67%	31.07%
Operating Cash Flow Q/Q Growth	-42.48%	-39.91%	34.52%	105.03%	-27.69%	-36.16%	38.13%	143.60%	-34.32%	-10.64%	-27.63%
Free Cash Flow Firm Q/Q Growth	-3.71%	42.82%	83.72%	-2,697.90%	138.55%	-113.46%	-109.31%	570.08%	-329.85%	-128.67%	168.87%
Invested Capital Q/Q Growth	0.65%	3.21%	0.80%	0.48%	2.44%	7.28%	47.20%	-36.40%	7.59%	4.66%	-4.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.12%	41.97%	54.34%	53.91%	48.81%	41.17%	53.78%	47.70%	42.02%	23.22%	40.55%
EBITDA Margin	45.92%	39.22%	53.05%	52.62%	46.90%	43.31%	50.34%	45.84%	40.09%	17.06%	40.75%
Operating Margin	25.85%	16.69%	32.55%	30.00%	25.62%	19.98%	30.23%	22.44%	18.80%	1.96%	26.18%
EBIT Margin	27.77%	17.93%	34.58%	32.34%	27.93%	22.02%	32.25%	24.91%	21.06%	3.15%	27.75%
Profit (Net Income) Margin	16.33%	7.35%	21.10%	18.38%	16.12%	13.15%	20.52%	14.32%	12.33%	-1.97%	17.75%
Tax Burden Percent	81.94%	85.50%	80.28%	80.38%	82.77%	99.50%	82.82%	89.36%	89.17%	59.15%	78.22%
Interest Burden Percent	71.79%	47.93%	76.02%	70.72%	69.72%	60.03%	76.81%	64.32%	65.64%	-105.86%	81.76%
Effective Tax Rate	18.06%	14.50%	19.72%	19.62%	17.23%	0.50%	17.18%	10.64%	10.83%	0.00%	21.78%
Return on Invested Capital (ROIC)	6.33%	4.10%	7.81%	8.46%	5.94%	5.72%	7.94%	7.79%	5.60%	0.48%	6.98%
ROIC Less NNEP Spread (ROIC-NNEP)	5.66%	3.33%	7.11%	7.51%	5.33%	4.95%	7.28%	6.90%	5.06%	0.01%	6.50%
Return on Net Nonoperating Assets (RNNOA)	8.84%	5.29%	10.31%	8.31%	8.46%	7.51%	9.68%	7.58%	8.01%	0.01%	8.92%
Return on Equity (ROE)	15.17%	9.39%	18.12%	16.77%	14.40%	13.23%	17.62%	15.36%	13.61%	0.49%	15.90%
Cash Return on Invested Capital (CROIC)	1.34%	2.01%	-1.22%	-37.23%	5.85%	-1.87%	-0.22%	43.74%	-3.24%	3.43%	8.87%
Operating Return on Assets (OROA)	5.37%	3.37%	6.47%	6.06%	5.17%	4.06%	6.22%	5.14%	4.66%	0.70%	5.93%
Return on Assets (ROA)	3.16%	1.38%	3.95%	3.44%	2.98%	2.42%	3.96%	2.96%	2.73%	-0.44%	3.80%
Return on Common Equity (ROCE)	15.17%	8.44%	18.12%	8.56%	7.31%	11.73%	17.56%	7.47%	6.58%	0.43%	8.15%
Return on Equity Simple (ROE_SIMPLE)	11.98%	0.00%	12.43%	12.42%	11.57%	0.00%	8.26%	0.00%	0.00%	0.00%	9.25%
Net Operating Profit after Tax (NOPAT)	1,647	905	1,901	1,559	1,410	1,202	1,748	1,153	1,086	97	1,715
NOPAT Margin	21.18%	14.27%	26.14%	24.11%	21.21%	19.88%	25.04%	20.05%	16.76%	1.37%	20.48%
Net Nonoperating Expense Percent (NNEP)	0.66%	0.77%	0.70%	0.95%	0.61%	0.77%	0.67%	0.89%	0.54%	0.47%	0.48%
Return On Investment Capital (ROIC_SIMPLE)	1.56%	0.88%	-	-	-	1.22%	-	-	-	0.10%	-
Cost of Revenue to Revenue	51.88%	58.04%	45.66%	46.09%	51.19%	58.83%	46.22%	52.30%	57.98%	76.78%	59.45%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.26%	25.28%	21.79%	23.91%	23.19%	21.19%	23.55%	25.26%	23.23%	21.26%	14.37%
Earnings before Interest and Taxes (EBIT)	2,159	1,137	2,515	2,090	1,856	1,331	2,251	1,432	1,365	222	2,325
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,570	2,487	3,859	3,401	3,117	2,618	3,514	2,635	2,598	1,202	3,414
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.81	2.79	2.77	2.42	2.24	2.39	1.98	0.00	0.00	2.41	1.94
Price to Tangible Book Value (P/TBV)	3.30	3.35	3.26	2.85	2.65	2.90	2.34	0.00	0.00	2.95	2.31
Price to Revenue (P/Rev)	3.76	3.47	3.87	3.34	3.14	2.97	2.66	2.71	2.52	2.50	2.45
Price to Earnings (P/E)	22.71	21.08	21.69	18.94	18.80	18.89	22.99	24.29	21.89	20.81	20.22
Dividend Yield	3.13%	4.36%	3.93%	4.58%	4.96%	4.19%	4.48%	4.14%	4.19%	4.16%	4.31%
Earnings Yield	4.40%	4.74%	4.61%	5.28%	5.32%	5.30%	4.35%	4.12%	4.57%	4.81%	4.95%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.68	1.77	1.62	1.55	1.53	1.49	2.28	1.43	1.57	1.49
Enterprise Value to Revenue (EV/Rev)	6.06	5.96	6.16	5.67	5.54	5.53	4.83	4.76	4.44	4.53	4.29
Enterprise Value to EBITDA (EV/EBITDA)	12.67	12.39	12.54	11.70	11.85	12.28	12.75	13.37	12.92	13.35	12.52
Enterprise Value to EBIT (EV/EBIT)	21.36	20.97	20.91	19.67	20.49	21.88	24.07	24.64	22.67	22.60	21.93
Enterprise Value to NOPAT (EV/NOPAT)	28.15	27.68	26.97	25.13	25.67	27.05	30.30	31.91	30.37	30.43	29.04
Enterprise Value to Operating Cash Flow (EV/OCF)	17.35	16.28	17.28	17.11	17.55	18.48	18.06	23.41	23.29	21.05	19.67
Enterprise Value to Free Cash Flow (EV/FCFF)	134.76	85.30	0.00	0.00	26.52	0.00	0.00	4.23	0.00	46.24	16.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.84	1.81	1.72	1.77	1.79	1.80	1.72	1.76	1.71	1.71	1.54
Long-Term Debt to Equity	1.69	1.64	1.66	1.66	1.67	1.66	1.59	1.59	1.51	1.51	1.41
Financial Leverage	1.56	1.59	1.45	1.11	1.59	1.52	1.33	1.10	1.58	1.49	1.37
Leverage Ratio	3.96	3.96	3.91	3.94	3.92	3.93	3.83	3.95	3.90	3.91	3.78
Compound Leverage Factor	2.84	1.90	2.97	2.79	2.73	2.36	2.95	2.54	2.56	-4.14	3.09
Debt to Total Capital	64.83%	64.38%	63.29%	63.94%	64.17%	64.32%	63.27%	63.72%	63.05%	63.13%	60.66%
Short-Term Debt to Total Capital	5.37%	6.08%	2.35%	4.13%	4.44%	5.04%	5.00%	5.98%	7.39%	7.57%	5.11%
Long-Term Debt to Total Capital	59.46%	58.30%	60.94%	59.81%	59.73%	59.28%	58.27%	57.74%	55.66%	55.56%	55.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.37%	0.00%	0.00%	0.00%	3.83%	0.00%	0.00%	0.00%	4.40%	0.27%
Common Equity to Total Capital	35.17%	32.26%	36.71%	36.06%	35.83%	31.85%	36.73%	0.00%	0.00%	32.46%	39.08%
Debt to EBITDA	5.15	5.15	4.90	5.06	5.37	5.59	6.11	6.18	5.89	5.95	5.74
Net Debt to EBITDA	4.82	4.91	4.66	4.81	5.13	5.34	5.74	5.76	5.58	5.55	5.34
Long-Term Debt to EBITDA	4.73	4.67	4.71	4.73	5.00	5.15	5.63	5.60	5.20	5.24	5.26
Debt to NOPAT	11.45	11.51	10.53	10.87	11.63	12.30	14.52	14.75	13.85	13.57	13.32
Net Debt to NOPAT	10.70	10.96	10.02	10.32	11.12	11.76	13.64	13.75	13.13	12.66	12.38
Long-Term Debt to NOPAT	10.50	10.42	10.14	10.17	10.83	11.34	13.37	13.36	12.23	11.94	12.19
Altman Z-Score	0.79	0.81	0.81	0.72	0.68	0.74	0.63	0.66	0.65	0.73	0.66
Noncontrolling Interest Sharing Ratio	0.00%	10.08%	0.00%	48.97%	49.25%	11.33%	0.34%	51.38%	51.65%	13.14%	48.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.67	0.91	0.91	0.92	0.77	0.84	0.83	0.69	0.66	0.81
Quick Ratio	0.43	0.34	0.39	0.39	0.35	0.35	0.33	0.44	0.32	0.36	0.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,096	-2,985	-5,221	-32,071	1,235	-5,602	-2,624	28,176	-5,994	-1,394	4,864
Operating Cash Flow to CapEx	51.29%	64.27%	158.18%	151.01%	74.07%	71.55%	108.23%	101.53%	48.31%	53.08%	62.85%
Free Cash Flow to Firm to Interest Expense	-4.34	-4.31	-7.54	-46.21	1.86	-8.84	-4.23	46.19	-10.30	-2.49	9.52
Operating Cash Flow to Interest Expense	1.75	3.14	5.23	3.87	1.97	2.86	4.58	3.37	1.45	2.29	2.81
Operating Cash Flow Less CapEx to Interest Expense	-1.66	-1.75	1.92	1.31	-0.69	-1.14	0.35	0.05	-1.55	-2.03	-1.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.19	0.19	0.19	0.18	0.18	0.19	0.21	0.22	0.22	0.21
Accounts Receivable Turnover	8.18	6.48	8.22	7.13	7.65	6.58	8.80	7.61	9.01	8.77	9.07
Inventory Turnover	4.43	3.98	4.06	4.21	4.38	4.49	5.20	6.45	7.47	7.41	6.89
Fixed Asset Turnover	0.27	0.26	0.26	0.26	0.26	0.26	0.27	0.29	0.31	0.32	0.30
Accounts Payable Turnover	5.34	4.06	3.85	5.33	5.84	4.22	5.03	6.26	7.86	6.55	6.41
Days Sales Outstanding (DSO)	44.63	56.35	44.38	51.21	47.71	55.50	41.48	47.98	40.52	41.62	40.24
Days Inventory Outstanding (DIO)	82.33	91.66	89.93	86.65	83.27	81.23	70.22	56.62	48.84	49.24	52.99
Days Payable Outstanding (DPO)	68.34	90.00	94.87	68.46	62.53	86.54	72.54	58.31	46.45	55.71	56.95
Cash Conversion Cycle (CCC)	58.62	58.02	39.44	69.40	68.45	50.19	39.17	46.28	42.91	35.15	36.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	95,633	95,011	92,056	91,328	90,890	91,121	84,934	57,698	90,715	84,317	80,562
Invested Capital Turnover	0.30	0.29	0.30	0.35	0.28	0.29	0.32	0.39	0.33	0.35	0.34
Increase / (Decrease) in Invested Capital	4,743	3,890	7,122	33,630	175	6,804	4,372	-27,023	7,080	1,491	-3,149
Enterprise Value (EV)	168,779	159,367	162,927	148,062	140,766	139,579	126,867	131,660	129,332	132,633	120,085
Market Capitalization	104,614	92,778	102,398	87,266	79,777	75,089	69,765	74,939	73,432	73,336	68,668
Book Value per Share	$32.72	$29.22	$32.50	$31.83	$32.55	$27.79	$31.20	$0.00	$0.00	$26.92	$32.14
Tangible Book Value per Share	$27.90	$24.38	$27.66	$26.98	$27.51	$22.90	$26.31	($4.90)	($4.92)	$21.99	$26.98
Total Capital	105,844	102,951	100,523	100,128	99,384	98,715	96,109	95,492	93,539	93,667	90,784
Total Debt	68,621	66,277	63,618	64,017	63,770	63,490	60,805	60,844	58,977	59,135	55,066
Total Long-Term Debt	62,939	60,021	61,254	59,883	59,361	58,517	56,003	55,134	52,060	52,044	50,427
Net Debt	64,165	63,123	60,529	60,796	60,989	60,709	57,102	56,721	55,900	55,173	51,175
Capital Expenditures (CapEx)	2,437	3,381	2,286	1,780	1,770	2,534	2,624	2,025	1,747	2,421	2,288
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,402	-113	221	1,947	2,781	1,190	1,000	1,326	1,526	-134	192
Debt-free Net Working Capital (DFNWC)	3,729	957	1,239	3,099	3,494	1,938	2,676	3,449	2,579	1,783	2,201
Net Working Capital (NWC)	-1,953	-5,299	-1,125	-1,035	-915	-3,035	-2,126	-2,261	-4,338	-5,308	-2,438
Net Nonoperating Expense (NNE)	377	439	366	371	339	407	316	330	287	236	228
Net Nonoperating Obligations (NNO)	58,410	58,337	55,151	55,217	55,276	55,896	49,630	23,050	56,153	49,785	44,844
Total Depreciation and Amortization (D&A)	1,411	1,350	1,344	1,311	1,261	1,287	1,263	1,203	1,233	980	1,089
Debt-free, Cash-free Net Working Capital to Revenue	5.03%	-0.42%	0.84%	7.45%	10.94%	4.71%	3.81%	4.80%	5.24%	-0.46%	0.69%
Debt-free Net Working Capital to Revenue	13.39%	3.58%	4.69%	11.86%	13.75%	7.67%	10.19%	12.47%	8.86%	6.09%	7.86%
Net Working Capital to Revenue	-7.01%	-19.83%	-4.26%	-3.96%	-3.60%	-12.02%	-8.10%	-8.18%	-14.90%	-18.13%	-8.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.21	$0.49	$1.40	$1.10	$1.03	$0.78	$1.30	$0.77	$0.79	($0.09)	$1.36
Adjusted Weighted Average Basic Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.09B	1.09B	1.09B	1.09B	1.09B	1.08B	1.08B
Adjusted Diluted Earnings per Share	$1.21	$0.48	$1.39	$1.09	$1.03	$0.78	$1.29	$0.76	$0.79	($0.09)	$1.35
Adjusted Weighted Average Diluted Shares Outstanding	1.11B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.10B	1.08B	1.09B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.14B	1.13B	1.13B	1.13B	1.13B	1.13B	1.13B	1.13B
Normalized Net Operating Profit after Tax (NOPAT)	1,647	905	1,901	1,542	1,410	1,202	1,880	1,153	1,086	253	1,661
Normalized NOPAT Margin	21.18%	14.27%	26.14%	23.85%	21.21%	19.88%	26.94%	20.05%	16.76%	3.60%	19.82%
Pre Tax Income Margin	19.94%	8.59%	26.29%	22.87%	19.47%	13.22%	24.77%	16.02%	13.83%	-3.33%	22.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.02	1.64	3.63	3.01	2.79	2.10	3.63	2.35	2.35	0.40	4.55
NOPAT to Interest Expense	2.31	1.31	2.75	2.25	2.12	1.90	2.82	1.89	1.87	0.17	3.36
EBIT Less CapEx to Interest Expense	-0.39	-3.24	0.33	0.45	0.13	-1.90	-0.60	-0.97	-0.66	-3.92	0.07
NOPAT Less CapEx to Interest Expense	-1.11	-3.58	-0.56	-0.32	-0.54	-2.10	-1.41	-1.43	-1.14	-4.14	-1.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.53%	73.69%	69.25%	72.45%	78.77%	84.93%	111.29%	105.45%	97.56%	92.36%	97.11%
Augmented Payout Ratio	70.53%	73.69%	69.25%	72.45%	78.77%	84.93%	111.29%	105.45%	97.56%	92.36%	97.11%

Frequently Asked Questions About Southern's Financials

When does Southern's fiscal year end?

According to the most recent income statement we have on file, Southern's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Southern's net income changed over the last 9 years?

Southern's net income appears to be on an upward trend, with a most recent value of $4.26 billion in 2024, rising from $2.44 billion in 2015. The previous period was $3.85 billion in 2023. See Southern's forecast for analyst expectations on what’s next for the company.

What is Southern's operating income?

Southern's total operating income in 2024 was $7.07 billion, based on the following breakdown:

Total Gross Profit: $13.34 billion
Total Operating Expenses: $6.27 billion

How has Southern revenue changed over the last 9 years?

Over the last 9 years, Southern's total revenue changed from $17.49 billion in 2015 to $26.72 billion in 2024, a change of 52.8%.

How much debt does Southern have?

Southern's total liabilities were at $108.51 billion at the end of 2024, a 4.2% increase from 2023, and a 93.2% increase since 2015.

How much cash does Southern have?

In the past 9 years, Southern's cash and equivalents has ranged from $0.00 in 2016 to $1.98 billion in 2019, and is currently $1.07 billion as of their latest financial filing in 2024.

How has Southern's book value per share changed over the last 9 years?

Over the last 9 years, Southern's book value per share changed from 21.38 in 2015 to 29.22 in 2024, a change of 36.6%.

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This page (NYSE:SO) was last updated on 5/29/2025 by MarketBeat.com Staff

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Southern (SO) Financials

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Southern (SO) Financials

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