Southern (SO) FY2015 results: revenue $17.5 billion, down 5.3% on the year
Southern Co. (SO) reported revenue of $17.5 billion for fiscal 2015, the year ended 31 December 2015, down 5.3% on the year before. Net income was $2.4 billion, up 20.6%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$17.5 billion
-5.3% on the year
FY2008FY2015
Operating margin
24.5%
19.7% a year earlier
FY2008FY2015
Net income
$2.4 billion
+20.6% on the year
FY2008FY2015
Diluted EPS
$2.59
+18.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
17,489
18,467
17,087
-5.3%
Operating income
4,282
3,642
3,255
+17.6%
Operating margin
24.5%
19.7%
19.0%
Pre-tax income
3,629
3,008
2,559
+20.6%
Income tax
1,194
977
849
+22.2%
Effective tax rate
32.9%
32.5%
33.2%
Net income
2,367
1,963
1,644
+20.6%
Net margin
13.5%
10.6%
9.6%
Diluted EPS
$2.59
$2.18
$1.87
+18.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
6,274
5,815
6,097
+7.9%
Capital expenditure
5,674
5,246
5,331
+8.2%
Free cash flow
600
569
766
+5.4%
Free cash flow margin
3.4%
3.1%
4.5%
Cash from investing
-7,280
-6,408
-5,742
Cash from financing
1,700
644
-324
+164.0%
Depreciation and amortisation
2,395
2,293
2,298
+4.4%
Share-based compensation
6.0
27.0
25.0
-77.8%
Buybacks
115
5.0
20.0
+2,200.0%
Dividends paid
1,959
1,866
1,762
+5.0%
Dividend per share
$2.15
$2.08
$2.01
+3.4%
Diluted shares, weighted
914m
901m
881m
+1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
20,592
19,949
19,008
+3.2%
Non-controlling interest
1,390
977
756
+42.3%
Redeemable equity
118
375
375
-68.5%
Debt
28,738
24,776
23,295
+16.0%
Other liabilities
27,480
24,156
20,830
+13.8%
Total liabilities and equity
78,318
70,233
64,264
+11.5%
Fixed assets
61,114
54,868
51,208
+11.4%
Goodwill
2.0
n/a
n/a
Intangible assets
317
n/a
n/a
Investments
2,752
2,492
2,348
+10.4%
Cash and equivalents
1,404
710
659
+97.7%
Other assets
12,729
12,163
10,049
+4.7%
Total assets
78,318
70,233
64,264
+11.5%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.