Southern (SO) FY2017 results: revenue $23.0 billion, up 15.8% on the year
Southern Co. (SO) reported revenue of $23.0 billion for fiscal 2017, the year ended 31 December 2017, up 15.8% on the year before. Net income was $842 million, down 65.6%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$23.0 billion
+15.8% on the year
FY2010FY2017
Operating margin
10.1%
22.5% a year earlier
FY2010FY2017
Net income
$842 million
-65.6% on the year
FY2010FY2017
Diluted EPS
$0.84
-67.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
23,031
19,896
17,489
+15.8%
Operating income
2,333
4,486
4,282
-48.0%
Operating margin
10.1%
22.5%
24.5%
Pre-tax income
1,068
3,480
3,629
-69.3%
Income tax
142
951
1,194
-85.1%
Effective tax rate
13.3%
27.3%
32.9%
Net income
842
2,448
2,367
-65.6%
Net margin
3.7%
12.3%
13.5%
Diluted EPS
$0.84
$2.55
$2.59
-67.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
6,395
4,894
6,274
+30.7%
Capital expenditure
7,423
7,310
5,674
+1.5%
Free cash flow
-1,028
-2,416
600
Free cash flow margin
-4.5%
-12.1%
3.4%
Cash from investing
-7,191
-20,048
-7,280
Cash from financing
951
15,725
1,700
-94.0%
Depreciation and amortisation
3,457
2,923
2,395
+18.3%
Share-based compensation
n/a
3.0
6.0
Buybacks
0.0
0.0
115
Dividends paid
2,300
2,104
1,959
+9.3%
Dividend per share
$2.30
$2.22
$2.15
+3.5%
Diluted shares, weighted
1,008m
958m
914m
+5.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
24,167
24,758
20,592
-2.4%
Non-controlling interest
1,361
1,854
1,390
-26.6%
Redeemable equity
324
118
118
+174.6%
Debt
50,793
47,457
28,738
+7.0%
Other liabilities
34,360
35,510
27,480
-3.2%
Total liabilities and equity
111,005
109,697
78,318
+1.2%
Fixed assets
79,872
78,446
61,114
+1.8%
Goodwill
6,268
6,251
2.0
+0.3%
Intangible assets
873
970
317
-10.0%
Investments
11,510
11,420
2,752
+0.8%
Cash and equivalents
2,130
1,975
1,404
+7.8%
Other assets
10,352
10,635
12,729
-2.7%
Total assets
111,005
109,697
78,318
+1.2%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.