The Southern Company Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,639	1,070	748	1,917	1,798
Cash & Short-Term Investments	1,639	1,070	748	1,917	1,798
Cash Growth	53.18%	43.05%	-60.98%	6.62%	68.83%
Accounts Receivable	3,414	3,692	3,444	3,079	2,439
Other Receivables	655	597	519	637	523
Total Trade Receivables	4,069	4,289	3,963	3,716	2,962
Inventory	3,333	3,369	3,352	2,677	2,355
Short-Term Regulatory Assets	1,062	1,157	1,394	1,300	1,138
Other Current Assets	814	809	975	806	712
Total Current Assets	10,917	10,694	10,432	10,416	8,965
Net Property, Plant & Equipment	114,830	105,202	100,418	95,258	92,828
Special Use Funds	2,947	2,621	2,424	2,145	2,542
Other Intangible Assets	300	332	368	406	445
Goodwill	5,161	5,161	5,161	5,161	5,280
Long-Term Investments	1,318	1,416	1,368	1,443	1,282
Long-Term Regulatory Assets	12,808	12,980	12,984	13,738	11,453
Other Long-Term Assets	7,439	6,774	6,176	6,324	5,582
Total Assets	155,720	145,180	139,331	134,891	127,534
Accounts Payable	3,710	3,701	2,898	3,525	2,169
Accrued Expenses	3,229	2,997	2,671	2,565	2,294
Short-Term Debt	6,942	6,056	4,790	6,894	3,597
Current Portion of Leases	197	200	183	197	250
Short-Term Regulatory Liabilities	398	562	355	382	563
Other Current Liabilities	2,412	2,477	2,570	2,161	2,048
Total Current Liabilities	16,888	15,993	13,467	15,724	10,921
Long-Term Debt	65,649	58,768	57,210	50,656	50,120
Long-Term Leases	1,287	1,253	1,307	1,388	1,503
Long-Term Regulatory Liabilities	722	692	715	733	485
Other Long-Term Liabilities	32,307	31,800	31,407	31,858	31,938
Total Long-Term Liabilities	99,965	92,513	90,639	84,635	84,046
Total Liabilities	116,853	108,506	104,106	100,359	94,967
Common Stock	5,554	5,446	5,423	5,417	5,279
Treasury Stock	-59	-59	-59	-53	-47
Additional Paid-in Capital	15,740	14,149	13,775	13,673	11,950
Accumulated Other Comprehensive Income	-75	-78	-177	-167	-237
Retained Earnings	14,856	13,750	12,482	11,538	10,929
Total Common Shareholders' Equity	36,016	33,208	31,444	30,408	27,874
Minority Interest	2,851	3,466	3,781	4,124	4,402
Shareholders' Equity	38,867	36,674	35,225	34,532	32,276
Total Liabilities & Equity	155,720	145,180	139,331	134,891	127,534
Total Debt	74,075	66,277	63,490	59,135	55,470
Net Cash (Debt)	-72,436	-65,207	-62,742	-57,218	-53,672
Net Cash Per Share	-65.32	-59.17	-57.14	-52.93	-50.26
Book Value	36,016	33,208	31,444	30,408	27,874
Book Value Per Share	32.48	30.13	28.64	28.13	26.10
Tangible Book Value	30,555	27,715	25,915	24,841	22,149
Tangible Book Value Per Share	27.55	25.15	23.60	22.98	20.74

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.