The Southern Company Financial Statements — SO Stock

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	15,743	17,456	17,657	16,537	17,087	18,467	17,489	19,896	23,031	23,495	21,419	20,375	23,113	29,279	25,253
+ Sales & Services Revenue	15,743	17,456	17,657	16,537	17,087	18,467	17,489	19,896	23,031	23,495	21,419	20,375	23,113	29,279	25,253
- Cost of Revenue	6,426	7,262	10,808	9,373	9,817	11,031	9,811	11,366	13,116	13,879	11,816	10,478	12,866	18,401	13,545
+ Cost of Goods & Services	6,426	7,262	10,808	9,373	9,817	11,031	9,811	11,366	13,116	13,879	11,816	10,478	12,866	18,401	13,545
Gross Profit	9,317	10,194	6,849	7,164	7,270	7,436	7,678	8,530	9,915	9,616	9,603	9,897	10,247	10,878	11,708
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5,847	6,392	2,618	2,701	4,015	3,794	3,396	4,043	7,622	5,506	4,268	5,077	6,547	5,257	5,882
+ Selling, General & Admin	202	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	5,645	6,392	2,618	2,701	4,015	3,794	3,396	4,043	7,622	5,506	4,268	5,077	6,547	5,257	5,882
Operating Income (Loss)	3,470	3,802	4,231	4,463	3,255	3,642	4,282	4,487	2,293	4,110	5,335	4,820	3,700	5,621	5,826
- Non-Operating (Income) Loss	866	736	744	714	696	634	653	1,007	1,225	1,361	-1,207	1,324	1,124	1,398	1,481
+ Interest Expense, Net	882	871	836	819	805	816	817	1,317	1,694	1,842	1,736	1,821	1,837	2,022	2,446
+ Interest Expense	905	895	857	859	824	835	840	1,317	1,694	1,842	1,736	1,821	1,837	2,022	2,446
- Interest Income	23	24	21	40	19	19	23	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-16	-135	-92	-105	-109	-182	-164	-310	-469	-481	-2,943	-497	-713	-624	-965
Pretax Income	2,604	3,066	3,487	3,749	2,559	3,008	3,629	3,480	1,068	2,749	6,542	3,496	2,576	4,223	4,345
- Income Tax Expense (Benefit)	896	1,026	1,219	1,334	849	977	1,194	951	142	449	1,798	393	267	795	496
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,708	2,040	2,268	2,415	1,710	2,031	2,435	2,529	926	2,300	4,744	3,103	2,309	3,428	3,849
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	28	72	92	116	-20	-62	-198	-214	-254
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	28	72	92	116	-20	-62	-198	-214	-254
Income (Loss) Incl. MI	1,708	2,040	2,268	2,415	1,710	2,031	2,407	2,457	834	2,184	4,764	3,165	2,507	3,642	4,103
- Minority Interest	- -	- -	- -	- -	- -	- -	-14	-36	-46	-58	10	31	99	107	127
Net Income, GAAP	1,708	2,040	2,268	2,415	1,710	2,031	2,421	2,493	880	2,242	4,754	3,134	2,408	3,535	3,976
- Preferred Dividends	65	65	65	65	66	68	54	45	38	16	15	15	15	11	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,643	1,975	2,203	2,350	1,644	1,963	2,367	2,448	842	2,226	4,739	3,119	2,393	3,524	3,976
Basic Weighted Avg Shares	795	833	857	868	887	908	912	990	1,008	1,034	1,053	1,058	1,061	1,075	1,092
Basic EPS, GAAP	2.07	2.37	2.57	2.71	1.85	2.16	2.6	2.47	0.84	2.15	4.5	2.95	2.26	3.28	3.64
Basic EPS from Cont Ops	2.15	2.45	2.65	2.78	1.93	2.24	2.67	2.55	0.92	2.22	4.51	2.93	2.18	3.19	3.52
Diluted Weighted Avg Shares	795	833	857	868	887	908	912	990	1,008	1,034	1,053	1,058	1,061	1,081	1,098
Diluted EPS, GAAP	2.07	2.37	2.57	2.71	1.85	2.16	2.6	2.47	0.84	2.15	4.5	2.95	2.26	3.26	3.62
Diluted EPS from Cont Ops	2.15	2.45	2.65	2.78	1.93	2.24	2.67	2.55	0.92	2.22	4.51	2.93	2.18	3.17	3.51
EBITDA	5,258	5,633	6,279	6,608	5,553	5,935	6,677	7,410	5,750	7,659	8,666	8,725	7,673	9,685	10,812
EBITDA Margin (%)	33.4	32.27	35.56	39.96	32.5	32.14	38.18	37.24	24.97	32.6	40.46	42.82	33.2	33.08	42.81
EBITA	3,470	3,802	4,231	4,463	3,255	3,642	4,282	4,487	2,293	4,110	5,335	4,820	3,700	5,621	5,826
EBIT	3,470	3,802	4,231	4,463	3,255	3,642	4,282	4,487	2,293	4,110	5,335	4,820	3,700	5,621	5,826
Gross Margin (%)	59.18	58.4	38.79	43.32	42.55	40.27	43.9	42.87	43.05	40.93	44.83	48.57	44.33	37.15	46.36
Operating Margin (%)	22.04	21.78	23.96	26.99	19.05	19.72	24.48	22.55	9.96	17.49	24.91	23.66	16.01	19.2	23.07
Profit Margin (%)	10.85	11.69	12.84	14.6	10.01	11	13.84	12.53	3.82	9.54	22.2	15.38	10.42	12.07	15.74
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.8	1.87	1.94	2.03	2.06	2.05	2.15	2.12	2.28	2.35	2.44	2.54	2.62	2.7	2.78
Depreciation Expense	1,788	1,831	2,048	2,145	2,298	2,293	2,395	2,923	3,457	3,549	3,331	3,905	3,973	4,064	4,986

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	5,873	5,883	6,272	6,162	5,614	5,864	6,526	9,722	10,072	9,583	9,817	8,617	8,965	10,416	10,432
+ Cash, Cash Equivalents & STI	690	447	1,315	628	659	710	1,404	1,975	2,130	1,396	1,975	1,065	1,798	1,917	748
+ Cash & Cash Equivalents	690	447	1,315	628	659	710	1,404	1,975	2,130	1,396	1,975	1,065	1,798	1,917	748
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,697	1,820	1,849	1,649	1,819	1,947	2,047	3,790	4,048	4,059	3,409	3,335	2,962	3,716	3,963
+ Accounts Receivable, Net	953	1,140	1,074	961	1,027	1,090	1,058	2,206	2,413	2,527	2,042	2,269	1,806	2,128	2,030
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	744	680	775	688	792	857	989	1,584	1,635	1,532	1,367	1,066	1,156	1,588	1,933
+ Inventories	2,241	2,135	2,270	2,819	2,298	1,969	1,929	2,782	2,627	2,394	2,388	2,488	2,355	2,677	3,352
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	2,241	2,135	2,270	2,819	2,298	1,969	1,929	2,782	2,627	2,394	2,388	2,488	2,355	2,677	3,352
+ Other ST Assets	1,245	1,481	838	1,066	838	1,238	1,146	1,175	1,267	1,734	2,045	1,729	1,850	2,106	2,369
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	46,173	49,149	52,995	56,987	58,932	64,369	71,792	99,975	100,933	107,331	108,883	114,318	118,569	124,475	128,899
+ Property, Plant & Equip, Net	39,230	42,002	45,921	49,276	52,091	55,814	62,029	79,490	80,896	81,864	86,059	90,390	93,462	96,703	101,941
+ Property, Plant & Equip	58,351	62,176	67,075	71,240	75,150	79,873	86,282	109,342	112,353	112,902	116,824	122,787	127,541	132,000	139,666
- Accumulated Depreciation	19,121	20,174	21,154	21,964	23,059	24,059	24,253	29,852	31,457	31,038	30,765	32,397	34,079	35,297	37,725
+ LT Investments & Receivables	1,963	2,271	1,207	1,303	1,465	1,546	1,518	3,155	3,345	3,301	3,339	3,665	3,824	3,588	3,792
+ LT Investments	1,963	2,271	1,207	1,303	1,465	1,546	1,518	3,155	3,345	3,301	3,339	3,665	3,824	3,588	3,792
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,980	4,876	5,867	6,408	5,376	7,009	8,245	17,330	16,692	22,166	19,485	20,263	21,283	24,184	23,166
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	319	7,221	7,141	5,928	5,816	5,767	5,725	5,567	5,529
+ Goodwill	- -	- -	- -	- -	- -	- -	2	6,251	6,268	5,315	5,280	5,280	5,280	5,161	5,161
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	317	970	873	613	536	487	445	406	368
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	4,980	4,876	5,867	6,408	5,376	7,009	7,926	10,109	9,551	16,238	13,669	14,496	15,558	18,617	17,637
Total Assets	52,046	55,032	59,267	63,149	64,546	70,233	78,318	109,697	111,005	116,914	118,700	122,935	127,534	134,891	139,331
+ Payables & Accruals	2,308	2,329	2,217	2,025	2,096	2,524	2,647	4,692	4,200	4,564	3,690	4,148	3,393	4,963	4,418
+ Accounts Payable	1,329	1,275	1,553	1,387	1,376	1,593	1,905	2,825	3,076	3,436	2,557	2,806	2,169

The Southern Company

Income Statement

Balance Sheet