The Southern Company (SO)

The Southern Company Balance Sheet

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash & Equivalents	1,639	3,341	1,264	2,327	1,070	1,018	1,152	713	748	1,676	2,123	1,053	1,917	2,009	1,724	1,662	1,798	2,078	1,582	1,770
Accounts Receivable	3,414	3,427	3,797	3,773	3,692	3,508	3,727	3,434	3,444	3,456	3,178	2,890	3,079	2,736	2,990	2,555	2,439	2,294	2,238	2,548
Other Receivables	655	476	553	501	597	909	549	512	519	553	568	510	637	533	534	509	523	611	488	478
Inventory	3,333	3,255	3,075	3,054	3,369	3,385	3,287	3,268	3,352	3,148	2,963	2,750	2,677	2,681	2,281	2,103	2,355	2,258	2,122	2,195
Prepaid Expenses	327	324	482	441	294	391	422	474	406	321	504	626	347	373	528	739	330	329	538	657
Restricted Cash	1	1	1	5	31	31	46	99	141	176	83	117	62	2	2	2	2	3	2	2
Other Current Assets	1,548	1,803	1,629	1,716	1,641	1,798	1,810	2,043	1,822	1,758	1,560	1,609	1,697	2,029	1,722	1,727	1,518	2,101	2,581	1,819
Total Current Assets	10,917	12,627	10,801	11,817	10,694	11,040	10,993	10,543	10,432	11,088	10,979	9,555	10,416	10,363	9,781	9,297	8,965	9,674	9,551	9,469
Property, Plant & Equipment	115,544	112,040	109,338	107,555	105,870	104,083	103,154	101,662	101,083	99,510	97,989	96,902	95,860	94,839	94,184	93,277	92,638	92,364	91,076	90,501
Net Nuclear Fuel	897	914	907	890	873	886	848	881	858	862	877	849	843	840	837	839	824	805	816	820
Regulatory Assets	13,935	13,706	13,872	14,134	14,067	14,479	13,727	13,774	14,003	13,687	14,097	14,399	14,819	15,434	12,521	12,145	12,535	13,398	13,098	13,306
Goodwill	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,161	5,280	5,280	5,280	5,280	5,280	5,280	5,280
Other Intangible Assets	300	308	316	324	332	341	350	359	368	377	386	397	406	415	425	435	445	455	466	477
Long-Term Investments	1,318	1,303	1,425	1,439	1,416	1,414	1,385	1,395	1,368	1,376	1,382	1,408	1,443	1,292	1,305	1,293	1,282	1,278	1,287	1,368
Long-Term Loans Receivable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575	569	562
Long-Term Deferred Charges	1,436	1,322	1,390	1,396	1,467	1,477	1,435	-	-	1,441	1,430	-	-	1,489	2,384	1,889	1,337	1,565	1,283	1,235
Other Long-Term Assets	6,212	5,867	5,643	5,393	5,300	5,075	4,884	6,345	6,058	4,819	4,815	6,085	5,943	4,053	4,052	4,184	4,228	2,467	2,481	2,375
Total Assets	155,720	153,248	148,853	148,109	145,180	143,956	141,937	140,120	139,331	138,321	137,116	134,756	134,891	134,005	130,769	128,639	127,534	127,861	125,907	125,393
Accounts Payable	3,710	3,017	2,948	3,094	3,701	3,950	2,445	2,154	2,898	2,942	2,493	2,365	3,525	3,079	2,908	2,251	2,169	2,229	2,075	2,533
Accrued Expenses	3,315	2,774	2,400	1,883	3,051	2,620	2,170	1,704	2,777	2,371	1,998	1,539	2,632	2,274	1,995	1,393	2,373	2,109	1,869	1,419
Short-Term Debt	722	144	988	514	1,338	722	1,334	2,445	2,314	1,726	1,647	2,554	2,609	1,398	2,510	2,330	1,440	707	1,402	1,092
Current Portion of Long-Term Debt	6,204	7,541	5,365	5,168	4,709	1,642	2,800	1,964	2,465	3,076	4,063	4,363	4,267	3,241	1,052	1,193	2,141	3,286	2,829	3,535
Current Portion of Leases	213	198	200	200	209	197	193	184	194	181	195	199	215	191	232	245	266	246	245	244
Current Income Taxes Payable	22	456	20	53	57	37	49	76	8	177	76	52	60	129	17	57	50	149	40	71
Other Current Liabilities	2,702	2,596	2,649	2,858	2,928	2,997	3,037	2,931	2,811	2,741	2,768	2,821	2,416	2,489	2,773	2,965	2,482	2,533	3,200	2,692
Total Current Liabilities	16,888	16,726	14,570	13,770	15,993	12,165	12,028	11,458	13,467	13,214	13,240	13,893	15,724	12,801	11,487	10,434	10,921	11,259	11,660	11,586
Long-Term Debt	64,897	64,621	62,983	62,939	58,490	61,254	59,883	59,361	56,923	56,003	55,134	52,060	50,360	50,427	51,204	50,633	49,921	48,843	47,828	46,727
Long-Term Leases	2,039	1,242	1,288	1,299	1,531	1,267	1,309	1,292	1,594	1,320	1,356	1,374	1,684	1,393	1,464	1,521	1,702	1,495	1,604	1,652
Pension & Post-Retirement Benefits	1,226	955	993	983	1,274	1,064	1,109	1,096	1,393	1,184	1,217	1,222	1,493	1,466	1,509	1,526	1,840	1,849	2,004	2,091
Long-Term Deferred Tax Liabilities	18,847	18,625	18,757	18,587	18,220	18,317	18,010	17,848	17,731	17,658	17,679	17,707	17,404	17,341	17,113	17,067	16,479	16,631	16,550	16,729
Other Long-Term Liabilities	12,956	12,805	12,920	13,308	12,998	12,984	13,487	13,451	12,998	13,638	13,842	13,938	13,694	14,859	14,737	14,538	14,104	14,274	13,224	13,249
Total Liabilities	116,853	114,974	111,511	110,886	108,506	107,051	105,826	104,506	104,106	103,017	102,468	100,194	100,359	98,287	97,514	95,719	94,967	94,351	92,870	92,034
Common Stock	5,554	5,463	5,458	5,453	5,446	5,441	5,436	5,431	5,423	5,422	5,422	5,421	5,417	5,417	5,288	5,286	5,279	5,278	5,274	5,273
Additional Paid-In Capital	15,740	14,422	14,332	14,231	14,149	14,048	13,947	13,846	13,775	13,751	13,742	13,715	13,673	13,657	12,033	11,994	11,950	11,932	11,886	11,854
Retained Earnings	14,856	15,254	14,357	14,291	13,750	14,005	13,259	12,844	12,482	12,391	11,732	11,658	11,538	12,374	11,645	11,261	10,929	11,844	11,442	11,768
Treasury Stock	-59	-57	-62	-61	-59	-57	-63	-61	-59	-57	-56	-55	-53	-52	-51	-49	-47	-46	-48	-46
Comprehensive Income & Other	-75	-80	-71	-75	-78	-139	-130	-140	-177	-130	-168	-211	-167	-157	-184	-195	-237	-319	-355	-367
Total Common Equity	36,016	35,002	34,014	33,839	33,208	33,298	32,449	31,920	31,444	31,377	30,672	30,528	30,408	31,239	28,731	28,297	27,874	28,689	28,199	28,482
Minority Interest	2,851	3,272	3,328	3,384	3,466	3,607	3,662	3,694	3,781	3,927	3,976	4,034	4,124	4,479	4,524	4,623	4,693	4,821	4,838	4,877
Shareholders' Equity	38,867	38,274	37,342	37,223	36,674	36,905	36,111	35,614	35,225	35,304	34,648	34,562	34,532	35,718	33,255	32,920	32,567	33,510	33,037	33,359
Total Liabilities & Equity	155,720	153,248	148,853	148,109	145,180	143,956	141,937	140,120	139,331	138,321	137,116	134,756	134,891	134,005	130,769	128,639	127,534	127,861	125,907	125,393
Total Debt	74,075	73,746	70,824	70,120	66,277	65,082	65,519	65,246	63,490	62,306	62,395	60,550	59,135	56,650	56,462	55,922	55,470	54,577	53,908	53,250
Net Cash (Debt)	-72,436	-70,405	-69,560	-67,793	-65,207	-64,064	-64,367	-64,533	-62,742	-60,630	-60,272	-59,497	-57,218	-54,641	-54,738	-54,260	-53,672	-52,499	-52,326	-51,480
Net Cash Per Share	-65.32	-63.43	-62.78	-61.35	-59.39	-58.08	-58.41	-58.67	-57.46	-55.17	-54.89	-54.19	-52.49	-50.22	-51.06	-50.76	-50.54	-49.16	-49.04	-48.29
Filing Date Shares Outstanding	1,119	1,101	1,100	1,099	1,097	1,096	1,095	1,093	1,091	1,091	1,091	1,090	1,089	1,088	1,063	1,063	1,060	1,060	1,059	1,059
Total Common Shares Outstanding	1,119	1,101	1,100	1,099	1,097	1,096	1,095	1,093	1,091	1,091	1,091	1,090	1,089	1,088	1,063	1,063	1,060	1,060	1,059	1,059
Working Capital	-5,971	-4,099	-3,769	-1,953	-5,299	-1,125	-1,035	-915	-3,035	-2,126	-2,261	-4,338	-5,308	-2,438	-1,706	-1,137	-1,956	-1,585	-2,109	-2,117
Book Value Per Share	32.18	31.79	30.92	30.79	30.27	30.39	29.65	29.19	28.82	28.77	28.13	28.00	27.93	28.72	27.03	26.63	26.30	27.07	26.63	26.90
Tangible Book Value	30,555	29,533	28,537	28,354	27,715	27,796	26,938	26,400	25,915	25,839	25,125	24,970	24,841	25,544	23,026	22,582	22,149	22,954	22,453	22,725
Tangible Book Value Per Share	27.30	26.82	25.94	25.80	25.26	25.37	24.61	24.14	23.75	23.69	23.04	22.90	22.82	23.49	21.66	21.25	20.90	21.66	21.21	21.47
Machinery	144,160	-	-	-	135,395	-	-	-	126,863	125,573	119,852	118,690	115,976	116,838	117,418	116,259	114,277	114,166	112,783	111,579
Construction In Progress	10,534	9,239	7,686	7,221	6,389	6,232	5,231	8,225	7,784	8,496	11,992	11,510	10,896	10,773	9,770	9,337	8,771	9,611	9,264	9,525

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q