← SOUTHERN CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Consolidated net income | $2.5b | $926.0m | $2.3b | $4.7b | $3.1b | $2.3b | $3.4b | $3.8b | $4.3b | $4.2b | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | — | — | — | $4.3b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $2.4b | $842.0m | $2.2b | $4.7b | $3.1b | $2.4b | $3.5b | $4.0b | $4.4b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $36.0m | $46.0m | $58.0m | ($10.0m) | ($31.0m) | ($99.0m) | ($107.0m) | ($127.0m) | ($141.0m) | ($170.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $2.5b | $926.0m | $2.3b | $4.7b | $3.1b | $2.3b | $3.4b | $3.8b | $4.3b | $4.2b | |
| Amortization of Intangible Assets | $50.0m | $124.0m | $89.0m | $61.0m | $49.0m | $44.0m | $39.0m | $38.0m | $35.0m | $32.0m | |
| Depreciation and amortization, total | $2.9b | $3.5b | $3.5b | $3.3b | $3.9b | $4.0b | $4.1b | $5.0b | $5.3b | $6.0b | |
| Depreciation, Amortization and Accretion, Net | $2.9b | $3.5b | $3.5b | $3.3b | $3.9b | $4.0b | $4.1b | $5.0b | $5.3b | $6.0b | |
| Deferred Income Tax Expense (Benefit) | ($127.0m) | $166.0m | $94.0m | $611.0m | ($241.0m) | ($49.0m) | $670.0m | $63.0m | $536.0m | $618.0m | |
| Deferred income taxes | ($127.0m) | $166.0m | $94.0m | $611.0m | ($241.0m) | ($49.0m) | $670.0m | $63.0m | $536.0m | $618.0m | |
| Goodwill, Impairment Loss | — | — | $42.0m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $3.0m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | $301.0m | $2.6b | $65.0m | $186.0m | $57.0m | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | — | ($252.0m) | |
| Income (Loss) from Equity Method Investments | $59.0m | $106.0m | $148.0m | $162.0m | $153.0m | $76.0m | $151.0m | $144.0m | $139.0m | $112.0m | |
| Income Tax Expense (Benefit) | $951.0m | $142.0m | $449.0m | $1.8b | $393.0m | $267.0m | $795.0m | $496.0m | $969.0m | $828.0m | |
| Loss on extinguishment of debt | — | — | — | — | — | — | — | $0 | $0 | $252.0m | |
| Operating Lease, Lease Income | — | — | — | $273.0m | $208.0m | $223.0m | $208.0m | $164.0m | $136.0m | $145.0m | |
| Other Nonoperating Income (Expense) | ($93.0m) | ($55.0m) | $114.0m | $252.0m | $336.0m | $456.0m | $500.0m | $553.0m | $530.0m | $500.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| -Accounts payable | $301.0m | ($280.0m) | $291.0m | ($693.0m) | ($27.0m) | ($8.0m) | $1.0b | ($863.0m) | $492.0m | ($290.0m) | |
| -Accrued interest | $27.0m | ($29.0m) | ($1.0m) | $0 | — | — | — | $42.0m | $30.0m | $125.0m | |
| -Accrued taxes | $1.5b | ($142.0m) | $267.0m | $117.0m | $242.0m | ($54.0m) | $51.0m | $23.0m | $206.0m | ($36.0m) | |
| -Customer refunds | — | — | $67.0m | $126.0m | ($236.0m) | $130.0m | $119.0m | ($157.0m) | $83.0m | ($75.0m) | |
| -Fossil fuel for generation | $178.0m | $36.0m | $123.0m | ($120.0m) | ($29.0m) | $99.0m | ($125.0m) | ($368.0m) | $140.0m | $68.0m | |
| -Materials and supplies | ($31.0m) | ($34.0m) | ($82.0m) | $23.0m | ($157.0m) | ($130.0m) | ($160.0m) | ($345.0m) | ($189.0m) | ($24.0m) | |
| -Natural gas cost over recovery | — | — | — | — | — | $0 | $0 | $214.0m | ($21.0m) | ($36.0m) | |
| -Natural gas cost under recovery | — | — | — | $0 | $0 | ($266.0m) | $158.0m | $108.0m | $0 | $0 | |
| -Other current assets | ($174.0m) | ($143.0m) | ($127.0m) | $70.0m | ($132.0m) | ($170.0m) | ($288.0m) | ($106.0m) | ($47.0m) | $47.0m | |
| -Other current liabilities | $215.0m | ($45.0m) | $63.0m | $61.0m | $76.0m | ($49.0m) | $153.0m | $214.0m | $145.0m | $99.0m | |
| -Receivables | ($544.0m) | ($199.0m) | ($426.0m) | $630.0m | ($222.0m) | ($81.0m) | ($769.0m) | $482.0m | ($372.0m) | ($124.0m) | |
| -Retail fuel cost under recovery | — | — | — | — | — | ($4.0m) | ($100.0m) | $686.0m | $984.0m | $645.0m | |
| Accrued property additions at year-end | $1.5b | $985.0m | $1.1b | $932.0m | $989.0m | $866.0m | $1.0b | $1.0b | $1.2b | $1.5b | |
| Allowance for equity funds used during construction | ($202.0m) | ($160.0m) | ($138.0m) | ($128.0m) | ($149.0m) | ($190.0m) | ($224.0m) | ($268.0m) | ($235.0m) | ($340.0m) | |
| Asset Retirement Obligation, Accretion Expense | $162.0m | $179.0m | $217.0m | $402.0m | $409.0m | $407.0m | $406.0m | $403.0m | $400.0m | $393.0m | |
| Business acquisition | — | — | — | — | — | — | — | $0 | $0 | ($635.0m) | |
| Change in construction payables, net | ($121.0m) | $259.0m | $50.0m | ($169.0m) | $37.0m | ($124.0m) | $203.0m | $18.0m | $106.0m | $301.0m | |
| Common stock | $3.8b | $0 | $1.1b | $844.0m | $74.0m | $73.0m | $1.8b | $36.0m | $143.0m | $1.6b | |
| Cost of removal, net of salvage | ($245.0m) | ($313.0m) | ($388.0m) | ($393.0m) | ($361.0m) | ($442.0m) | ($649.0m) | ($592.0m) | ($632.0m) | ($655.0m) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | ($291.0m) | ($2.6b) | $66.0m | $176.0m | $42.0m | — | — | — | |
| Goodwill | $6.3b | $6.3b | $5.3b | $5.3b | $5.3b | $5.3b | $5.2b | $5.2b | $5.2b | $5.2b | |
| Income taxes, net (excludes credit transfers) | ($148.0m) | ($410.0m) | $172.0m | $276.0m | $64.0m | $93.0m | $146.0m | $132.0m | $176.0m | $284.0m | |
| Increase (Decrease) in Accounts Payable | $301.0m | ($280.0m) | $291.0m | ($693.0m) | ($27.0m) | ($8.0m) | $1.0b | ($863.0m) | $492.0m | ($290.0m) | |
| Increase (Decrease) in Other Operating Assets | $174.0m | $143.0m | $127.0m | ($70.0m) | $132.0m | $170.0m | $288.0m | $106.0m | $47.0m | ($47.0m) | |
| Increase (decrease) in notes payable, net | $1.2b | ($401.0m) | ($774.0m) | ($179.0m) | ($1.1b) | ($85.0m) | ($337.0m) | ($236.0m) | $54.0m | $300.0m | |
| Interest, net of amounts capitalized | $1.1b | $1.7b | $1.8b | $1.7b | $1.7b | $1.7b | $1.8b | $2.2b | $2.5b | $2.7b | |
| LTSA credits utilized from the sale of spare parts | — | — | — | — | — | $0 | $0 | $23.0m | $13.0m | $6.0m | |
| Long-term debt | ($3.1b) | ($2.9b) | ($5.5b) | ($4.3b) | ($4.5b) | ($4.3b) | ($2.2b) | ($4.3b) | ($2.2b) | ($5.5b) | |
| Nonoperating Income (Expense) | ($1.1b) | ($1.5b) | ($1.4b) | ($1.2b) | ($1.4b) | ($1.1b) | ($1.1b) | ($1.5b) | ($1.8b) | ($2.3b) | |
| Nuclear decommissioning trust fund purchases | ($1.2b) | ($811.0m) | ($1.1b) | ($888.0m) | ($877.0m) | ($1.6b) | ($1.1b) | ($1.1b) | ($1.6b) | ($1.7b) | |
| Nuclear decommissioning trust fund sales | $1.2b | $805.0m | $1.1b | $882.0m | $871.0m | $1.6b | $1.1b | $1.1b | $1.5b | $1.7b | |
| Other, net | ($36.0m) | ($109.0m) | ($22.0m) | $102.0m | ($74.0m) | $86.0m | $17.0m | ($138.0m) | ($39.0m) | ($36.0m) | |
| Payments pursuant to LTSAs | ($134.0m) | ($227.0m) | ($186.0m) | ($234.0m) | ($211.0m) | ($188.0m) | ($190.0m) | ($99.0m) | ($108.0m) | ($159.0m) | |
| Pension, postretirement, and other employee benefits | ($65.0m) | ($69.0m) | ($75.0m) | ($204.0m) | ($259.0m) | ($305.0m) | ($436.0m) | ($527.0m) | ($556.0m) | ($579.0m) | |
| Proceeds from Stock Options Exercised | — | $239.0m | $41.0m | $482.0m | $66.0m | $66.0m | $75.0m | $28.0m | $14.0m | — | |
| Proceeds from dispositions | $15.0m | $97.0m | $3.0b | $5.1b | $1.0b | $917.0m | $275.0m | $164.0m | $369.0m | $1.0m | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $202.0m | $160.0m | $138.0m | $128.0m | $149.0m | $190.0m | $224.0m | $268.0m | $235.0m | $340.0m | |
| Retail fuel cost under recovery – long-term | — | — | — | $0 | $0 | ($536.0m) | ($2.2b) | ($206.0m) | ($32.0m) | ($176.0m) | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $23.5b | $21.4b | $21.1b | $23.5b | $25.9b | $24.8b | $26.8b | $28.9b | |
| Settlement of asset retirement obligations | ($171.0m) | ($177.0m) | ($244.0m) | ($328.0m) | ($442.0m) | ($456.0m) | ($455.0m) | ($617.0m) | ($566.0m) | ($634.0m) | |
| Short-term borrowings | ($478.0m) | ($659.0m) | ($1.9b) | ($1.9b) | ($840.0m) | ($25.0m) | ($1.1b) | ($1.6b) | ($1.0b) | $0 | |
| Stock based compensation expense | $121.0m | $109.0m | $125.0m | $107.0m | $113.0m | $144.0m | $127.0m | $137.0m | $132.0m | $136.0m | |
| Stock or Unit Option Plan Expense | $121.0m | $109.0m | $125.0m | $107.0m | $113.0m | $144.0m | $127.0m | $137.0m | $132.0m | $136.0m | |
| Storm damage and reliability reserve accruals | — | — | — | — | $325.0m | $288.0m | $430.0m | $124.0m | $163.0m | $236.0m | |
| Storm damage cost recovery – long-term | — | — | — | — | — | — | $0 | $0 | ($631.0m) | ($275.0m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($69.0m) | $60.0m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $4.9b | $6.4b | $6.9b | $5.8b | $6.7b | $6.2b | $6.3b | $7.6b | $9.8b | $9.8b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $7.3b | $7.4b | $8.0b | $7.6b | $7.4b | $7.2b | $7.9b | $9.1b | $9.0b | $12.7b | |
| Payments to Acquire Businesses, Net of Cash Acquired | $10.7b | $1.1b | $65.0m | $50.0m | $81.0m | $345.0m | — | — | — | — | |
| Other investing activities | ($108.0m) | $42.0m | ($6.0m) | $41.0m | $64.0m | $74.0m | $70.0m | ($43.0m) | ($164.0m) | ($58.0m) | |
| Payments for (Proceeds from) Other Investing Activities | $108.0m | ($42.0m) | $6.0m | ($41.0m) | ($64.0m) | ($74.0m) | ($70.0m) | $43.0m | $164.0m | $58.0m | |
| Net cash used for investing activities | ($20.0b) | ($7.2b) | ($5.8b) | ($3.4b) | ($7.0b) | ($7.4b) | ($8.4b) | ($9.7b) | ($9.4b) | ($14.0b) | |
| Net Cash Provided by (Used in) Investing Activities | ($20.0b) | ($7.2b) | ($5.8b) | ($3.4b) | ($7.0b) | ($7.4b) | ($8.4b) | ($9.7b) | ($9.4b) | ($14.0b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance of common stock under dividend reinvestment plan | — | — | — | — | — | — | $0 | $0 | $179.0m | $222.0m | |
| Proceeds from Issuance of Common Stock | $3.8b | $793.0m | $1.1b | $844.0m | $74.0m | $73.0m | $1.8b | $36.0m | $143.0m | $1.6b | |
| Payment of common stock dividends | ($2k) | ($2k) | ($2k) | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $2.1b | $2.3b | $2.4b | $2.6b | $2.7b | $2.8b | $2.9b | $3.0b | $3.0b | $3.0b | |
| Distributions to noncontrolling interests | ($72.0m) | ($119.0m) | ($153.0m) | ($256.0m) | ($271.0m) | ($351.0m) | ($259.0m) | ($234.0m) | ($185.0m) | ($200.0m) | |
| Proceeds from Noncontrolling Interests | $682.0m | $80.0m | $2.6b | $196.0m | $363.0m | $501.0m | $73.0m | $21.0m | — | — | |
| Purchase of membership interests from noncontrolling interests | ($129.0m) | $0 | $0 | $0 | ($60.0m) | — | — | $0 | $0 | ($286.0m) | |
| Other financing activities | ($383.0m) | ($222.0m) | ($264.0m) | ($157.0m) | ($325.0m) | ($266.0m) | ($218.0m) | ($160.0m) | ($181.0m) | ($218.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($383.0m) | ($222.0m) | ($264.0m) | ($157.0m) | ($325.0m) | ($266.0m) | ($218.0m) | ($160.0m) | ($181.0m) | ($218.0m) | |
| Net cash provided from (used for) financing activities | $15.7b | $951.0m | ($1.8b) | ($1.9b) | ($576.0m) | $1.9b | $2.3b | $999.0m | ($208.0m) | $4.7b | |
| Net Cash Provided by (Used in) Financing Activities | $15.7b | $951.0m | ($1.8b) | ($1.9b) | ($576.0m) | $1.9b | $2.3b | $999.0m | ($208.0m) | $4.7b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.5b | $2.0b | $1.1b | $1.8b | $2.0b | $921.0m | $1.1b | $1.6b | |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | $2.0b | $2.1b | $1.5b | $2.0b | $1.1b | $1.8b | $2.0b | $921.0m | $1.1b | $1.6b | |
| Net Change in Cash, Cash Equivalents, and Restricted Cash | $572.0m | $155.0m | ($628.0m) | $459.0m | ($910.0m) | $761.0m | $208.0m | ($1.1b) | $180.0m | $539.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.1b | $1.7b | $1.8b | $1.7b | $1.7b | $1.7b | $1.8b | $2.2b | $2.5b | $2.7b | |
| Income Taxes Paid, Net | ($148.0m) | ($410.0m) | $172.0m | $276.0m | $64.0m | $93.0m | $146.0m | $132.0m | $176.0m | $284.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.