The Southern Company Income Statement

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
Operating Revenue	28,269	25,573	24,304	28,547	22,405
Other Revenue	1,284	1,151	949	732	708
Revenue	29,553	26,724	25,253	29,279	23,113
Revenue Growth (YoY)	10.59%	5.83%	-13.75%	26.68%	13.44%
Fuel & Purchased Power	5,877	4,979	5,248	8,428	4,988
Operations & Maintenance	7,066	6,518	6,025	6,824	5,902
Depreciation & Amortization	5,501	4,755	4,525	3,663	3,565
Other Operating Expenses	3,212	2,794	3,034	4,338	4,389
Total Operating Expenses	21,656	19,046	18,832	23,253	18,844
Operating Income	7,897	7,678	6,421	6,026	4,269
Interest Expense	-3,238	-2,743	-2,446	-2,033	-1,852
Net Interest Expense	-3,238	-2,743	-2,446	-2,033	-1,852
Income (Loss) on Equity Investments	112	139	144	151	76
Currency Exchange Gain (Loss)	217	-31	88	-189	-167
Allowance for Equity Funds for Construction	340	235	268	224	190
Other Non-Operating Income (Expenses)	-329	-49	-130	33	47
EBT Excluding Unusual Items	4,999	5,229	4,345	4,212	2,563
Asset Writedown	-	-	-	-	-2
Pretax Income	4,999	5,229	4,345	4,212	2,561
Income Tax Expense	828	969	496	795	267
Earnings From Continuing Ops.	4,171	4,260	3,849	3,417	2,294
Minority Interest in Earnings	170	141	127	107	99
Net Income	4,341	4,401	3,976	3,524	2,393
Net Income to Common	4,341	4,401	3,976	3,524	2,393
Net Income Growth	-1.36%	10.69%	12.83%	47.26%	-23.28%
Shares Outstanding (Basic)	1,103	1,096	1,092	1,075	1,061
Shares Outstanding (Diluted)	1,109	1,102	1,098	1,081	1,068
Shares Change (YoY)	0.64%	0.36%	1.57%	1.22%	0.28%
EPS (Basic)	3.94	4.02	3.64	3.28	2.26
EPS (Diluted)	3.92	3.99	3.62	3.26	2.24
EPS Growth	-1.75%	10.22%	11.04%	45.54%	-23.55%
Free Cash Flow	-2,935	833	-1,542	-1,621	-1,417
Free Cash Flow Per Share	-2.65	0.76	-1.40	-1.50	-1.33
Dividend Per Share	2.940	2.860	2.780	2.700	2.620
Dividend Growth	2.80%	2.88%	2.96%	3.05%	3.15%
Profit Margin	14.69%	16.47%	15.75%	12.04%	10.35%
Free Cash Flow Margin	-9.93%	3.12%	-6.11%	-5.54%	-6.13%
EBITDA	13,927	12,944	11,407	10,090	8,242
EBITDA Margin	47.13%	48.44%	45.17%	34.46%	35.66%
D&A For EBITDA	6,030	5,266	4,986	4,064	3,973
EBIT	7,897	7,678	6,421	6,026	4,269
EBIT Margin	26.72%	28.73%	25.43%	20.58%	18.47%
Effective Tax Rate	16.56%	18.53%	11.42%	18.88%	10.43%
Revenue as Reported	29,553	26,724	25,253	29,279	23,113

Source: S&P Global Market Intelligence. Utility template. Financial Sources.