The Southern Company (SO)

The Southern Company Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	4,606	4,401	3,976	3,524	2,393	3,119
Depreciation & Amortization	5,389	5,266	4,986	4,064	3,973	3,905
Loss (Gain) on Sale of Assets	-	-	-	-	-	-66
Loss (Gain) on Sale of Investments	-	-	-	-	-	206
Asset Writedown	27	-	-	-	91	-
Stock-Based Compensation	139	132	137	127	144	113
Change in Accounts Receivable	-372	-372	482	-771	-77	-222
Change in Inventory	79	-49	-713	-285	-31	-186
Change in Accounts Payable	521	492	-863	1,021	-8	-27
Change in Income Taxes	-192	-	-	-	-	242
Change in Other Net Operating Assets	904	1,350	959	195	-668	-195
Other Operating Activities	-1,374	-1,432	-1,411	-1,573	352	-193
Operating Cash Flow	9,727	9,788	7,553	6,302	6,169	6,696
Operating Cash Flow Growth	21.28%	29.59%	19.85%	2.16%	-7.87%	15.83%
Capital Expenditures	-9,622	-8,955	-9,095	-7,923	-7,586	-7,522
Sale of Property, Plant & Equipment	369	369	164	275	917	1,049
Sale (Purchase) of Intangibles	-108	-108	-99	-190	-188	-211
Contributions to Nuclear Demissioning Trust	-2,170	-2,183	-1,734	-1,774	-2,040	-1,238
Other Investing Activities	1,682	1,477	1,096	1,182	1,544	892
Investing Cash Flow	-9,849	-9,400	-9,668	-8,430	-7,353	-7,030
Short-Term Debt Issued	-	700	1,323	2,650	855	615
Long-Term Debt Issued	-	6,159	8,972	5,132	8,262	8,047
Total Debt Issued	8,381	6,859	10,295	7,782	9,117	8,662
Short-Term Debt Repaid	-	-1,668	-1,630	-1,487	-25	-1,936
Long-Term Debt Repaid	-	-2,222	-4,294	-2,158	-4,327	-4,458
Total Debt Repaid	-3,560	-3,890	-5,924	-3,645	-4,352	-6,394
Net Debt Issued (Repaid)	4,821	2,969	4,371	4,137	4,765	2,268
Issuance of Common Stock	145	143	36	1,808	73	74
Common Dividends Paid	-2,957	-2,954	-3,035	-2,907	-2,777	-2,685
Other Financing Activities	-387	-366	-373	-702	-116	-233
Financing Cash Flow	1,622	-208	999	2,336	1,945	-576
Net Cash Flow	1,500	180	-1,116	208	761	-910
Free Cash Flow	105	833	-1,542	-1,621	-1,417	-826
Free Cash Flow Margin	0.38%	3.12%	-6.11%	-5.54%	-6.13%	-4.05%
Free Cash Flow Per Share	0.10	0.76	-1.40	-1.50	-1.33	-0.78
Cash Interest Paid	2,580	2,538	2,184	1,758	1,718	1,683
Cash Income Tax Paid	184	176	132	146	93	64
Levered Free Cash Flow	407.25	722.38	-2,911	-1,199	-2,409	-851.63
Unlevered Free Cash Flow	2,152	2,437	-1,382	71.25	-1,252	295.88
Change in Net Working Capital	-1,363	-1,303	1,324	-227	263	-739

Updated May 1, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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