The Southern Company (SO)
NYSE: SO · Real-Time Price · USD
86.17
+0.02 (0.02%)
At close: Oct 9, 2026, 4:00 PM EDT
86.15
-0.02 (-0.02%)
After-hours: Oct 9, 2026, 7:57 PM EDT
The Southern Company Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,175 | 1,356 | 416 | 1,711 | 880 | 1,334 | 534 | 1,535 | 1,203 | 1,129 | 855 | 1,421 | 838 | 862 | -87 | 1,472 | 1,107 | 1,032 | -215 | 1,100 |
Depreciation & Amortization | 1,457 | 1,426 | 1,786 | 1,453 | 1,407 | 1,384 | 1,350 | 1,344 | 1,311 | 1,261 | 1,287 | 1,263 | 1,203 | 1,233 | 980 | 1,089 | 1,006 | 989 | 1,029 | 995 |
Loss (Gain) on Sale of Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5 | -171 |
Loss (Gain) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 91 | - |
Asset Writedown | 139 | 154 | -181 | 112 | 42 | 27 | - | - | - | - | - | - | - | - | 251 | - | - | - | - | - |
Stock-Based Compensation | 15 | 97 | 12 | 22 | 12 | 90 | 12 | 23 | 14 | 83 | 18 | 8 | 19 | 92 | 11 | 16 | 15 | 85 | 10 | 29 |
Change in Accounts Receivable | -8 | 124 | -324 | 330 | -137 | 7 | -139 | 51 | -284 | - | -42 | -234 | -32 | 790 | -455 | 321 | -420 | -217 | -83 | -27 |
Change in Inventory | -251 | 270 | -95 | -129 | -108 | 376 | 3 | -101 | -188 | 237 | -188 | -211 | -280 | -34 | -71 | -460 | -215 | 461 | 40 | -389 |
Change in Accounts Payable | 152 | -555 | 457 | -52 | -301 | -394 | 653 | 86 | 176 | -423 | 168 | -34 | 59 | -1,056 | 216 | 102 | 571 | 132 | 37 | 132 |
Change in Income Taxes | 187 | -408 | -468 | 677 | 173 | -418 | 27 | 198 | 207 | -226 | -353 | 376 | 237 | -237 | -167 | 167 | 58 | -58 | -342 | 445 |
Change in Other Net Operating Assets | 545 | -867 | 946 | 311 | 461 | -913 | 615 | 480 | 498 | -449 | 490 | 666 | 724 | -944 | 990 | -224 | 70 | -641 | 581 | -102 |
Other Operating Activities | -357 | -371 | 48 | -661 | -248 | -243 | -882 | - | -249 | -301 | -422 | -415 | -712 | 138 | -383 | -1,045 | -205 | -191 | -55 | 165 |
Operating Cash Flow | 3,054 | 1,226 | 2,597 | 3,774 | 2,181 | 1,250 | 2,173 | 3,616 | 2,688 | 1,311 | 1,813 | 2,840 | 2,056 | 844 | 1,285 | 1,438 | 1,987 | 1,592 | 1,088 | 2,177 |
Operating Cash Flow Growth (YoY) | 40.03% | -1.92% | 19.51% | 4.37% | -18.86% | -4.65% | 19.86% | 27.32% | 30.74% | 55.33% | 41.09% | 97.50% | 3.47% | -46.98% | 18.11% | -33.95% | 19.55% | 28.18% | -26.29% | -8.26% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -3,695 | -2,944 | -4,285 | -3,215 | -3,019 | -2,437 | -2,749 | -2,311 | -2,125 | -1,770 | -2,534 | -2,663 | -2,048 | -1,850 | -2,421 | -2,289 | -1,794 | -1,419 | -2,364 | -1,838 |
Sale of Property, Plant & Equipment | - | - | - | -1 | - | - | -1 | 25 | 345 | - | -1 | 39 | 23 | 103 | 155 | 1 | 28 | 91 | 757 | 135 |
Cash Acquisitions | - | - | - | -635 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 345 | - |
Sale (Purchase) of Intangibles | - | - | -159 | - | - | - | -108 | - | - | - | -99 | - | - | - | -190 | - | - | - | -43 | -31 |
Contributions to Nuclear Demissioning Trust | -735 | -608 | -666 | -610 | -552 | -529 | -669 | -493 | -479 | -542 | -428 | -310 | -605 | -391 | -398 | -371 | -484 | -521 | -457 | -469 |
Other Investing Activities | 1,093 | 131 | 750 | 596 | 671 | 132 | 805 | 323 | 422 | -73 | 115 | 501 | 460 | 20 | 376 | 167 | 345 | 294 | 259 | 379 |
Investing Cash Flow | -3,337 | -3,421 | -4,360 | -3,865 | -2,900 | -2,834 | -2,722 | -2,456 | -1,837 | -2,385 | -2,947 | -2,433 | -2,170 | -2,118 | -2,478 | -2,492 | -1,905 | -1,555 | -1,503 | -1,824 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | - | 1,003 | - | - | - | - | - | - | - | 686 | - | - | - | 287 | - | - | - | 987 | - | - |
Long-Term Debt Issued | - | 2,390 | - | - | - | 4,567 | - | - | - | 2,359 | - | - | - | 1,979 | - | - | - | 700 | - | - |
Total Debt Issued | 3,162 | 3,393 | 2,201 | 3,950 | 1,952 | 4,567 | 838 | 1,358 | 1,618 | 3,045 | 2,233 | 2,271 | 3,525 | 2,266 | 2,782 | 1,337 | 1,976 | 1,687 | 1,999 | 1,655 |
Short-Term Debt Repaid | - | -50 | - | - | - | -841 | - | - | - | -550 | - | - | - | -400 | - | - | - | -100 | - | - |
Long-Term Debt Repaid | - | -1,322 | - | - | - | -35 | - | - | - | -656 | - | - | - | -575 | - | - | - | -977 | - | - |
Total Debt Repaid | -2,063 | -1,372 | -2,502 | -972 | -1,528 | -876 | 561 | -1,896 | -1,349 | -1,206 | -1,209 | -2,190 | -1,550 | -975 | -464 | -930 | -1,174 | -1,077 | -1,064 | -786 |
Net Debt Issued (Repaid) | 1,099 | 2,021 | -301 | 2,978 | 424 | 3,691 | 1,399 | -538 | 269 | 1,839 | 1,024 | 81 | 1,975 | 1,291 | 2,318 | 407 | 802 | 610 | 935 | 869 |
Issuance of Common Stock | 2,061 | 535 | 1,533 | 28 | 32 | 30 | 31 | 28 | 56 | 28 | 10 | 4 | 7 | 15 | 5 | 1,742 | 23 | 38 | 11 | 38 |
Common Dividends Paid | -803 | -776 | -761 | -760 | -758 | -736 | -734 | -733 | -754 | -733 | -764 | -765 | -764 | -742 | -741 | -741 | -723 | -702 | -700 | -700 |
Other Financing Activities | -71 | -238 | -410 | -78 | -46 | -170 | -101 | -73 | -43 | -149 | -105 | -81 | -77 | -110 | -365 | -76 | -122 | -139 | -103 | -76 |
Financing Cash Flow | 2,286 | 1,542 | 61 | 2,168 | -348 | 2,815 | 595 | -1,316 | -472 | 985 | 165 | -761 | 1,141 | 454 | 1,217 | 1,332 | -20 | -193 | 143 | 131 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Cash Flow | 2,003 | -653 | -1,702 | 2,077 | -1,067 | 1,231 | 46 | -156 | 379 | -89 | -969 | -354 | 1,027 | -820 | 24 | 278 | 62 | -156 | -272 | 484 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | -641 | -1,718 | -1,688 | 559 | -838 | -1,187 | -576 | 1,305 | 563 | -459 | -721 | 177 | 8 | -1,006 | -1,136 | -851 | 193 | 173 | -1,276 | 339 |
Free Cash Flow Growth (YoY) | - | - | - | -57.16% | - | - | - | 637.29% | 6937.50% | - | - | - | -95.86% | - | - | - | - | - | - | 61.43% |
Free Cash Flow Margin | -9.19% | -20.46% | -24.18% | 7.15% | -12.02% | -15.27% | -9.08% | 17.94% | 8.71% | -6.91% | -11.93% | 2.54% | 0.14% | -15.53% | -16.12% | -10.16% | 2.68% | 2.60% | -22.13% | 5.43% |
Free Cash Flow Per Share | -0.56 | -1.52 | -1.52 | 0.50 | -0.76 | -1.07 | -0.53 | 1.18 | 0.51 | -0.42 | -0.66 | 0.16 | 0.01 | -0.92 | -1.04 | -0.78 | 0.18 | 0.16 | -1.20 | 0.32 |
Levered Free Cash Flow | -898.25 | -2,262 | -1,736 | 630.63 | -852.5 | -1,772 | -640.25 | 1,898 | 884.75 | -1,457 | -886.38 | -35 | -123.5 | -1,893 | -1,109 | -67.13 | 646.38 | -559.13 | -1,312 | 138.13 |
Unlevered Free Cash Flow | -400.75 | -1,776 | -1,176 | 1,103 | -306.25 | -1,326 | -207.13 | 2,330 | 1,319 | -1,042 | -490.13 | 352.5 | 257.75 | -1,530 | -757.38 | 254.13 | 953.88 | -267.88 | -1,006 | 422.5 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 571 | 901 | 519 | 886 | 531 | 756 | 523 | 780 | 521 | 714 | 490 | 651 | 391 | 652 | 333 | 589 | 321 | 515 | 301 | 533 |
Cash Income Tax Paid | 146 | - | 53 | 32 | 200 | -1 | 45 | 69 | 71 | -9 | 121 | 51 | - | -9 | - | 3 | 165 | -8 | 1 | 4 |
Change in Working Capital | 625 | -1,436 | 516 | 1,137 | 88 | -1,342 | 1,159 | 714 | 409 | -861 | 75 | 563 | 708 | -1,481 | 513 | -94 | 64 | -323 | 233 | 59 |