Southern (SO) FY2013 results: revenue $17.1 billion, up 3.3% on the year
Southern Co. (SO) reported revenue of $17.1 billion for fiscal 2013, the year ended 31 December 2013, up 3.3% on the year before. Net income was $1.6 billion, down 30.0%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$17.1 billion
+3.3% on the year
FY2007FY2013
Operating margin
19.0%
27.0% a year earlier
FY2007FY2013
Net income
$1.6 billion
-30.0% on the year
FY2007FY2013
Diluted EPS
$1.87
-30.0% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
17,087
16,537
17,657
+3.3%
Operating income
3,255
4,463
4,231
-27.1%
Operating margin
19.0%
27.0%
24.0%
Pre-tax income
2,559
3,749
3,487
-31.7%
Income tax
849
1,334
1,219
-36.4%
Effective tax rate
33.2%
35.6%
35.0%
Net income
1,644
2,350
2,203
-30.0%
Net margin
9.6%
14.2%
12.5%
Diluted EPS
$1.87
$2.67
$2.55
-30.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
6,097
4,898
5,903
+24.5%
Capital expenditure
5,331
4,809
4,525
+10.9%
Free cash flow
766
89.0
1,378
+760.7%
Free cash flow margin
4.5%
0.5%
7.8%
Cash from investing
-5,742
-5,168
-4,183
Cash from financing
-324
-417
-852
Depreciation and amortisation
2,298
2,145
2,048
+7.1%
Share-based compensation
25.0
23.0
22.0
+8.7%
Buybacks
20.0
430
0.0
-95.3%
Dividends paid
1,762
1,693
1,601
+4.1%
Dividend per share
$2.01
$1.94
$1.87
+3.6%
Diluted shares, weighted
881m
879m
864m
+0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
19,008
18,297
18,285
+3.9%
Non-controlling interest
756
707
n/a
+6.9%
Redeemable equity
375
375
375
0.0%
Short-term borrowings
n/a
n/a
859
Debt
23,295
22,434
18,647
+3.8%
Other liabilities
20,830
21,336
21,101
-2.4%
Total liabilities and equity
64,264
63,149
59,267
+1.8%
Fixed assets
51,208
48,390
45,010
+5.8%
Investments
2,348
2,189
2,118
+7.3%
Cash and equivalents
659
628
1,315
+4.9%
Other assets
10,049
11,942
10,824
-15.9%
Total assets
64,264
63,149
59,267
+1.8%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.