Southern (SO) FY2012 results: revenue $16.5 billion, down 6.3% on the year
Southern Co. (SO) reported revenue of $16.5 billion for fiscal 2012, the year ended 31 December 2012, down 6.3% on the year before. Net income was $2.4 billion, up 6.7%, and diluted earnings per share $2.67. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$16.5 billion
-6.3% on the year
FY2007FY2012
Operating margin
27.0%
24.0% a year earlier
FY2007FY2012
Net income
$2.4 billion
+6.7% on the year
FY2007FY2012
Diluted EPS
$2.67
+4.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
16,537
17,657
17,456
-6.3%
Operating income
4,463
4,231
3,802
+5.5%
Operating margin
27.0%
24.0%
21.8%
Pre-tax income
3,749
3,487
3,066
+7.5%
Income tax
1,334
1,219
1,026
+9.4%
Effective tax rate
35.6%
35.0%
33.5%
Net income
2,350
2,203
1,975
+6.7%
Net margin
14.2%
12.5%
11.3%
Diluted EPS
$2.67
$2.55
$2.36
+4.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
4,898
5,903
3,991
-17.0%
Capital expenditure
4,809
4,525
4,086
+6.3%
Free cash flow
89.0
1,378
-95.0
-93.5%
Free cash flow margin
0.5%
7.8%
-0.5%
Cash from investing
-5,168
-4,183
-4,256
Cash from financing
-417
-852
22.0
Depreciation and amortisation
2,145
2,048
1,831
+4.7%
Share-based compensation
23.0
22.0
22.0
+4.5%
Buybacks
430
0.0
0.0
Dividends paid
1,693
1,601
1,496
+5.7%
Dividend per share
$1.94
$1.87
$1.80
+3.7%
Diluted shares, weighted
879m
864m
837m
+1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
18,297
18,285
16,909
+0.1%
Non-controlling interest
707
n/a
n/a
Redeemable equity
375
375
n/a
0.0%
Short-term borrowings
n/a
859
1,297
Debt
22,434
18,647
18,154
+20.3%
Other liabilities
21,336
21,101
18,672
+1.1%
Total liabilities and equity
63,149
59,267
55,032
+6.6%
Fixed assets
48,390
45,010
42,002
+7.5%
Investments
2,189
2,118
2,271
+3.4%
Cash and equivalents
628
1,315
447
-52.2%
Other assets
11,942
10,824
10,312
+10.3%
Total assets
63,149
59,267
55,032
+6.6%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.