← SOUTHERN CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
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 -65.60%
$2.2b +164.37%
$4.7b +112.89%
$3.1b -34.18%
$2.4b -23.28%
$3.5b +47.26%
$4.0b +12.83%
$4.4b +10.69%
— —
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) —
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 $6.3b
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 $6.3b
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 $475.0m
Share-based Payment Arrangement, Expense $3.0m — — — — — — — — — $146.0m
Goodwill, Impairment Loss — — $42.0m — — — — — — — $0
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 —
Nonoperating Income (Expense) ($1.1b) ($1.5b) ($1.4b) ($1.2b) ($1.4b) ($1.1b) ($1.1b) ($1.5b) ($1.8b) ($2.3b) —
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:
-Receivables ($544.0m) ($199.0m) ($426.0m) $630.0m ($222.0m) ($81.0m) ($769.0m) $482.0m ($372.0m) ($124.0m) $122.0m
-Accounts payable $301.0m ($280.0m) $291.0m ($693.0m) ($27.0m) ($8.0m) $1.0b ($863.0m) $492.0m ($290.0m) $2.0m
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 —
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) $2.0m
-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) —
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 —
-Other current assets ($174.0m) ($143.0m) ($127.0m) $70.0m ($132.0m) ($170.0m) ($288.0m) ($106.0m) ($47.0m) $47.0m ($74.0m)
-Other current liabilities $215.0m ($45.0m) $63.0m $61.0m $76.0m ($49.0m) $153.0m $214.0m $145.0m $99.0m $345.0m
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) —
Net Cash Provided by (Used in) Operating Activities $4.9b
$6.4b +30.67%
$6.9b +8.60%
$5.8b -16.76%
$6.7b +15.83%
$6.2b -7.87%
$6.3b +2.16%
$7.6b +19.85%
$9.8b +29.59%
$9.8b +0.14%
$10.7b +8.66%
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 ($13.9b)
Payments to Acquire Businesses, Net of Cash Acquired $10.7b $1.1b $65.0m $50.0m $81.0m $345.0m — — — — ($635.0m)
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) ($15.0b)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — — — — — — — — — ($252.0m) —
Long-term debt ($3.1b) ($2.9b) ($5.5b) ($4.3b) ($4.5b) ($4.3b) ($2.2b) ($4.3b) ($2.2b) ($5.5b) $10.9b
Loss on extinguishment of debt — — — — — — — $0 $0 $252.0m —
Short-term borrowings ($478.0m) ($659.0m) ($1.9b) ($1.9b) ($840.0m) ($25.0m) ($1.1b) ($1.6b) ($1.0b) $0 —
Common stock $3.8b $0 $1.1b $844.0m $74.0m $73.0m $1.8b $36.0m $143.0m $1.6b $4.2b
Issuance of common stock under dividend reinvestment plan — — — — — — $0 $0 $179.0m $222.0m $4.2b
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 ($3.1b)
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 -93.95%
($1.8b) -290.64%
($1.9b) -6.45%
($576.0m) +70.16%
$1.9b +437.67%
$2.3b +20.10%
$999.0m -57.23%
($208.0m) -120.82%
$4.7b +2357.69%
—
Net Cash Provided by (Used in) Financing Activities $15.7b
$951.0m -93.95%
($1.8b) -290.64%
($1.9b) -6.45%
($576.0m) +70.16%
$1.9b +437.67%
$2.3b +20.10%
$999.0m -57.23%
($208.0m) -120.82%
$4.7b +2357.69%
$6.1b +28.98%
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 —
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 $3.0b
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 —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
-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 —
-Retail fuel cost under recovery — — — — — ($4.0m) ($100.0m) $686.0m $984.0m $645.0m —
Additional Financial Items
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) —
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 — — — —
Distributions to noncontrolling interests ($72.0m) ($119.0m) ($153.0m) ($256.0m) ($271.0m) ($351.0m) ($259.0m) ($234.0m) ($185.0m) ($200.0m) —
Gain (Loss) on Disposition of Assets — — $301.0m $2.6b $65.0m $186.0m $57.0m — — — —
Goodwill $6.3b $6.3b $5.3b $5.3b $5.3b $5.3b $5.2b $5.2b $5.2b $5.2b $0
Income Tax Expense (Benefit) $951.0m $142.0m $449.0m $1.8b $393.0m $267.0m $795.0m $496.0m $969.0m $828.0m —
Income Taxes Paid, Net ($148.0m) ($410.0m) $172.0m $276.0m $64.0m $93.0m $146.0m $132.0m $176.0m $284.0m —
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 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 —
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 —
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 —
Operating Lease, Lease Income — — — $273.0m $208.0m $223.0m $208.0m $164.0m $136.0m $145.0m —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($69.0m) $60.0m — — — — — — — — —
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 Noncontrolling Interests $682.0m $80.0m $2.6b $196.0m $363.0m $501.0m $73.0m $21.0m — — —
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 —
Purchase of membership interests from noncontrolling interests ($129.0m) $0 $0 $0 ($60.0m) — — $0 $0 ($286.0m) —
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) —
Stock based compensation expense $121.0m $109.0m $125.0m $107.0m $113.0m $144.0m $127.0m $137.0m $132.0m $136.0m $146.0m
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) —
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.