Southern (SO) FY2016 results: revenue $19.9 billion, up 13.8% on the year
Southern Co. (SO) reported revenue of $19.9 billion for fiscal 2016, the year ended 31 December 2016, up 13.8% on the year before. Net income was $2.4 billion, up 3.4%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$19.9 billion
+13.8% on the year
FY2009FY2016
Operating margin
22.5%
24.5% a year earlier
FY2009FY2016
Net income
$2.4 billion
+3.4% on the year
FY2009FY2016
Diluted EPS
$2.55
-1.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
19,896
17,489
18,467
+13.8%
Operating income
4,486
4,282
3,642
+4.8%
Operating margin
22.5%
24.5%
19.7%
Pre-tax income
3,480
3,629
3,008
-4.1%
Income tax
951
1,194
977
-20.4%
Effective tax rate
27.3%
32.9%
32.5%
Net income
2,448
2,367
1,963
+3.4%
Net margin
12.3%
13.5%
10.6%
Diluted EPS
$2.55
$2.59
$2.18
-1.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,894
6,274
5,815
-22.0%
Capital expenditure
7,310
5,674
5,246
+28.8%
Free cash flow
-2,416
600
569
Free cash flow margin
-12.1%
3.4%
3.1%
Cash from investing
-20,048
-7,280
-6,408
Cash from financing
15,725
1,700
644
+825.0%
Depreciation and amortisation
2,923
2,395
2,293
+22.0%
Share-based compensation
3.0
6.0
27.0
-50.0%
Buybacks
0.0
115
5.0
Dividends paid
2,104
1,959
1,866
+7.4%
Dividend per share
$2.22
$2.15
$2.08
+3.3%
Diluted shares, weighted
958m
914m
901m
+4.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
24,758
20,592
19,949
+20.2%
Non-controlling interest
1,854
1,390
977
+33.4%
Redeemable equity
118
118
375
0.0%
Debt
47,457
28,738
24,776
+65.1%
Other liabilities
35,510
27,480
24,156
+29.2%
Total liabilities and equity
109,697
78,318
70,233
+40.1%
Fixed assets
78,446
61,114
54,868
+28.4%
Goodwill
6,251
2.0
n/a
+312,450.0%
Intangible assets
970
317
n/a
+206.0%
Investments
11,420
2,752
2,492
+315.0%
Cash and equivalents
1,975
1,404
710
+40.7%
Other assets
10,635
12,729
12,163
-16.5%
Total assets
109,697
78,318
70,233
+40.1%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.