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)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
17,657
17,456
15,743
+1.2%
Operating income
4,231
3,802
3,268
+11.3%
Operating margin
24.0%
21.8%
20.8%
Pre-tax income
3,487
3,066
n/a
+13.7%
Income tax
1,219
1,026
896
+18.8%
Effective tax rate
35.0%
33.5%
n/a
Net income
2,203
1,975
1,643
+11.5%
Net margin
12.5%
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
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
5,903
3,991
3,263
+47.9%
Capital expenditure
4,525
4,086
4,670
+10.7%
Free cash flow
1,378
-95.0
-1,407
Free cash flow margin
7.8%
-0.5%
-8.9%
Cash from investing
-4,183
-4,256
-4,319
Cash from financing
-852
22.0
1,329
Depreciation and amortisation
2,048
1,831
1,788
+11.9%
Share-based compensation
22.0
22.0
23.0
0.0%
Buybacks
0.0
0.0
n/a
Dividends paid
1,601
1,496
1,369
+7.0%
Dividend per share
$1.87
$1.80
$1.73
+3.9%
Diluted shares, weighted
864m
837m
796m
+3.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
18,285
16,909
15,585
+8.1%
Redeemable equity
375
n/a
n/a
Short-term borrowings
859
1,297
639
-33.8%
Debt
18,647
18,154
18,131
+2.7%
Other liabilities
21,101
18,672
17,691
+13.0%
Total liabilities and equity
59,267
55,032
52,046
+7.7%
Fixed assets
45,010
42,002
39,230
+7.2%
Investments
2,118
2,271
1,963
-6.7%
Cash and equivalents
1,315
447
690
+194.2%
Other assets
10,824
10,312
10,163
+5.0%
Total assets
59,267
55,032
52,046
+7.7%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.