SO - NYSE
The Southern Company
$91.62
+1.2%The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
At a Glance
Live SnapshotThe Southern Company Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
The Southern Company Cash Flow Statement
SO • NYSE
| The Southern Company Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
4.2B | 4.3B | 4B | 3.4B | 2.3B | 3.1B | 4.7B | 2.3B | 926M | 2.5B | 2.4B | 2B | 1.7B | 2.4B | 2.3B | 2B | 1.7B | 1.7B | 1.7B | 1.6B | |
6B | 5.3B | 5B | 4.1B | 4B | 3.9B | 3.3B | 3.5B | 3.5B | 2.9B | 2.4B | 2.3B | 2.3B | 2.1B | 2B | 1.8B | 1.8B | 1.7B | 1.5B | 1.4B | |
618M | 536M | 416M | 758M | 239M | 100M | 1.4B | 94M | 166M | -127M | 1.4B | 744M | 798M | 1.1B | 1.2B | 1B | 25M | 21M | -1.8B | -1.6B | |
136M | 132M | 137M | 127M | 144M | 113M | 107M | 125M | 109M | 121M | 99M | 63M | 59M | 55M | 42M | 33M | 23M | 20M | 28M | 28M | |
-1.6B | -1.8B | -1.8B | -2.2B | 494M | -136M | -3.9B | 601M | 2.7B | -1.4B | 176M | 70M | 1.1B | -362M | -183M | -892M | -236M | 174M | 1.8B | 1.9B | |
(0.0) | (176M) | (132M) | (146M) | (93M) | (64M) | (276M) | -172M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
399M | 1.4B | -135M | 160M | -990M | -389M | 162M | 276M | -996M | 858M | -187M | 614M | 152M | -451M | 573M | -59M | -45M | -263M | 125M | -483M | |
9.8B | 9.8B | 7.6B | 6.3B | 6.2B | 6.7B | 5.8B | 6.9B | 6.4B | 4.9B | 6.3B | 5.8B | 6.1B | 4.9B | 5.9B | 4B | 3.3B | 3.4B | 3.4B | 2.8B | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | -9B | -9.1B | -7.9B | -7.2B | -7.4B | -7.6B | -8B | -7.4B | -7.3B | -7.4B | -6B | -5.5B | -4.8B | -4.5B | -4.1B | -4.7B | -4B | -3.5B | -3B | |
-635M | (369M) | (164M) | (275M) | (572M) | (888M) | (4.9B) | (2.8B) | -1.2B | -12.1B | -1.4B | -731M | (0.0) | (0.0) | (25M) | (18M) | (340M) | (0.0) | (0.0) | (0.0) | |
(0.0) | -1.6B | -1.1B | -1.1B | -1.6B | -877M | -888M | -1.1B | -811M | -1.2B | -1.4B | -916M | -986M | -1B | -2.2B | -2.1B | -55M | (0.0) | (0.0) | (0.0) | |
0.0 | 1.5B | 1.1B | 1.1B | 1.6B | 871M | 882M | 1.1B | 805M | 1.2B | 1.4B | 914M | 984M | 1B | 2.2B | 2B | 1.2B | 712M | 775M | 743M | |
-13.3B | -798M | -716M | -769M | -680M | -471M | -755M | -530M | 1.5B | -599M | 119M | -429M | -277M | -356M | 322M | -158M | -1.2B | -877M | -939M | -583M | |
-14B | -9.4B | -9.7B | -8.4B | -7.4B | -7B | -3.4B | -5.8B | -7.2B | -20B | -7.3B | -6.4B | -5.7B | -5.2B | -4.2B | -4.3B | -4.3B | -4.1B | -3.7B | -2.8B | |
FINANCING ACTIVITIES | ||||||||||||||||||||
1.6B | 143M | 36M | 1.5B | 73M | 74M | 844M | 1.1B | 793M | 3.8B | 141M | 801M | -20M | -33M | 723M | 772M | 1.3B | 474M | 538M | 137M | |
6.8B | 3B | 4.4B | 4.1B | 4.8B | 2.3B | 13M | -2.6B | 3.1B | 14B | 4B | 1.7B | 770M | 1.2B | 111M | 185M | 1.5B | 1.9B | 1.3B | 881M | |
-3B | -3B | -3B | -2.9B | -2.8B | -2.7B | -2.6B | -2.4B | -2.3B | -2.1B | -2B | -1.9B | -1.8B | -1.8B | -1.7B | -1.6B | -1.4B | -1.3B | -1.2B | -1.1B | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -33M | -658M | (0.0) | -115M | -5M | -20M | -430M | (0.0) | (0.0) | (0.0) | -125M | (0.0) | (0.0) | |
-704M | -366M | -373M | -404M | -116M | -233M | -217M | 2.1B | 124M | 3.9B | -68M | 32M | 9M | 169M | -20M | 626M | -25M | -95M | -715M | 101M | |
4.7B | -208M | 999M | 2.3B | 1.9B | -576M | -1.9B | -1.8B | 951M | 15.7B | 1.7B | 644M | -324M | -417M | -852M | 22M | 1.3B | 944M | 348M | -21M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
539M | 180M | -1.1B | 208M | 761M | -910M | 459M | -628M | 155M | 571M | 694M | 51M | 31M | -687M | 868M | -243M | 273M | 216M | 34M | -35M | |
1.1B | 921M | 2B | 1.8B | 1.1B | 2B | 1.5B | 2.1B | 2B | 1.4B | 710M | 659M | 628M | 1.3B | 447M | 690M | 417M | 201M | 167M | 202M | |
1.6B | 1.1B | 921M | 2B | 1.8B | 1.1B | 2B | 1.5B | 2.1B | 2B | 1.4B | 710M | 659M | 628M | 1.3B | 447M | 690M | 417M | 201M | 167M | |
-3.6B | 833M | -1.5B | -1.6B | -1.1B | -745M | -1.8B | -1.1B | -1B | -2.4B | -1.1B | -162M | 634M | 89M | 1.4B | -95M | -1.4B | -563M | -150M | -174M |
SEC Filings
SO - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 03, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 19, 2026 | March 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 19, 2026 | December 31, 2025 | 2025 | |
8-K/A 8-K/A 2025 (Amended) N/A | February 17, 2026 | July 21, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 19, 2025 | December 19, 2025 | 2025 |
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Snapshot
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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