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Southern (SO) FY2011 results: revenue $17.7 billion, up 1.2% on the year

Southern Co. (SO) reported revenue of $17.7 billion for fiscal 2011, the year ended 31 December 2011, up 1.2% on the year before. Net income was $2.2 billion, up 11.5%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.

Revenue
$17.7 billion
+1.2% on the year
FY2007FY2011
Operating margin
24.0%
21.8% a year earlier
FY2007FY2011
Net income
$2.2 billion
+11.5% on the year
FY2007FY2011
Diluted EPS
$2.55
+8.1% on the year
FY2007FY2011

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2011FY2010FY2009On the yearLast 8 years
Revenue17,65717,45615,743+1.2%
Operating income4,2313,8023,268+11.3%
Operating margin24.0%21.8%20.8%
Pre-tax income3,4873,066n/a+13.7%
Income tax1,2191,026896+18.8%
Effective tax rate35.0%33.5%n/a
Net income2,2031,9751,643+11.5%
Net margin12.5%11.3%10.4%
Diluted EPS$2.55$2.36$2.06+8.1%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2011FY2010FY2009On the yearLast 8 years
Operating cash flow5,9033,9913,263+47.9%
Capital expenditure4,5254,0864,670+10.7%
Free cash flow1,378-95.0-1,407
Free cash flow margin7.8%-0.5%-8.9%
Cash from investing-4,183-4,256-4,319
Cash from financing-85222.01,329
Depreciation and amortisation2,0481,8311,788+11.9%
Share-based compensation22.022.023.00.0%
Buybacks0.00.0n/a
Dividends paid1,6011,4961,369+7.0%
Dividend per share$1.87$1.80$1.73+3.9%
Diluted shares, weighted864m837m796m+3.2%

Balance sheet

$ millionFY2011FY2010FY2009On the yearLast 8 years
Shareholders' equity18,28516,90915,585+8.1%
Redeemable equity375n/an/a
Short-term borrowings8591,297639-33.8%
Debt18,64718,15418,131+2.7%
Other liabilities21,10118,67217,691+13.0%
Total liabilities and equity59,26755,03252,046+7.7%
Fixed assets45,01042,00239,230+7.2%
Investments2,1182,2711,963-6.7%
Cash and equivalents1,315447690+194.2%
Other assets10,82410,31210,163+5.0%
Total assets59,26755,03252,046+7.7%

10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.