Southern (SO) FY2018 results: revenue $23.5 billion, up 2.0% on the year
Southern Co. (SO) reported revenue of $23.5 billion for fiscal 2018, the year ended 31 December 2018, up 2.0% on the year before. Net income was $2.2 billion, up 164.4%, and diluted earnings per share $2.17. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$23.5 billion
+2.0% on the year
FY2011FY2018
Operating margin
17.8%
10.1% a year earlier
FY2011FY2018
Net income
$2.2 billion
+164.4% on the year
FY2011FY2018
Diluted EPS
$2.17
+158.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
23,495
23,031
19,896
+2.0%
Operating income
4,191
2,333
4,486
+79.6%
Operating margin
17.8%
10.1%
22.5%
Pre-tax income
2,749
1,068
3,480
+157.4%
Income tax
449
142
951
+216.2%
Effective tax rate
16.3%
13.3%
27.3%
Net income
2,226
842
2,448
+164.4%
Net margin
9.5%
3.7%
12.3%
Diluted EPS
$2.17
$0.84
$2.55
+158.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
6,945
6,395
4,894
+8.6%
Capital expenditure
8,001
7,423
7,310
+7.8%
Free cash flow
-1,056
-1,028
-2,416
Free cash flow margin
-4.5%
-4.5%
-12.1%
Cash from investing
-5,760
-7,191
-20,048
Cash from financing
-1,813
951
15,725
Depreciation and amortisation
3,549
3,457
2,923
+2.7%
Share-based compensation
n/a
n/a
3.0
Buybacks
n/a
0.0
0.0
Dividends paid
2,425
2,300
2,104
+5.4%
Dividend per share
$2.38
$2.30
$2.22
+3.5%
Diluted shares, weighted
1,025m
1,008m
958m
+1.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
24,723
24,167
24,758
+2.3%
Non-controlling interest
4,316
1,361
1,854
+217.1%
Redeemable equity
291
324
118
-10.2%
Debt
46,849
50,793
47,457
-7.8%
Other liabilities
40,735
34,360
35,510
+18.6%
Total liabilities and equity
116,914
111,005
109,697
+5.3%
Fixed assets
80,797
79,872
78,446
+1.2%
Goodwill
5,315
6,268
6,251
-15.2%
Intangible assets
613
873
970
-29.8%
Investments
10,296
11,510
11,420
-10.5%
Cash and equivalents
1,396
2,130
1,975
-34.5%
Other assets
18,497
10,352
10,635
+78.7%
Total assets
116,914
111,005
109,697
+5.3%
10-K for the year ended 31 December 2018, filed 18 February 2021: the filing.