Southern (SO) Q3 FY2021 earnings: revenue $6.2 billion, up 11.0% on the year
Southern Co. (SO) reported revenue of $6.2 billion for Q3 FY2021, the quarter ended 30 September 2021, up 11.0% on the same quarter a year earlier. Net income was $1.1 billion, down 12.0% on the year, and diluted earnings per share $1.03. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2021.
Revenue
$6.2 billion
+11.0% on the year · +20.0% on the quarter
Q4 FY2019Q3 FY2021
Operating margin
27.6%
32.7% a year earlier
Q4 FY2019Q3 FY2021
Net income
$1.1 billion
-12.0% on the year · +196.0% on the quarter
Q4 FY2019Q3 FY2021
Diluted EPS
$1.03
-12.7% on the year · +194.3% on the quarter
Q4 FY2019Q3 FY2021
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Revenue
6,238
5,198
5,620
+20.0%
+11.0%
Cost of revenue
n/a
231
71.0
Gross profit
n/a
4,967
5,549
Gross margin
n/a
95.6%
98.7%
Operating income
1,723
708
1,835
+143.4%
-6.1%
Operating margin
27.6%
13.6%
32.7%
Pre-tax income
1,482
364
1,576
+307.1%
-6.0%
Income tax
372
-12.0
293
+27.0%
Effective tax rate
25.1%
-3.3%
18.6%
Net income
1,101
372
1,251
+196.0%
-12.0%
Net margin
17.6%
7.2%
22.3%
Diluted EPS
$1.03
$0.35
$1.18
+194.3%
-12.7%
$ 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
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Operating cash flow
2,177
1,662
2,373
+31.0%
-8.3%
Capital expenditure
1,838
1,706
2,163
+7.7%
-15.0%
Free cash flow
339
-44.0
210
+61.4%
Free cash flow margin
5.4%
-0.8%
3.7%
Cash from investing
-1,824
-1,783
-2,237
Cash from financing
131
-63.0
1,362
-90.4%
Depreciation and amortisation
995
985
987
+1.0%
+0.8%
Dividends paid
700
699
676
+0.1%
+3.6%
Dividend per share
$0.66
$0.66
$0.64
0.0%
+3.1%
Diluted shares, weighted
1,068m
1,067m
1,064m
+0.1%
+0.4%
Shares outstanding at period end
1,060m
1,059m
1,056m
+0.1%
+0.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Shareholders' equity
33,219
32,746
32,500
+1.4%
+2.2%
Redeemable equity
291
291
291
0.0%
0.0%
Short-term borrowings
n/a
1,402
171
Debt
52,836
47,828
45,581
+10.5%
+15.9%
Operating lease liabilities
1,495
1,604
1,570
-6.8%
-4.8%
Other liabilities
40,020
42,036
43,045
-4.8%
-7.0%
Total liabilities and equity
127,861
125,907
123,158
+1.6%
+3.8%
Fixed assets
90,859
89,623
86,397
+1.4%
+5.2%
Goodwill
5,280
5,280
5,280
0.0%
0.0%
Intangible assets
455
466
499
-2.4%
-8.8%
Investments
10,620
10,553
10,302
+0.6%
+3.1%
Cash and equivalents
2,078
1,582
3,379
+31.4%
-38.5%
Other assets
18,569
18,403
17,301
+0.9%
+7.3%
Total assets
127,861
125,907
123,158
+1.6%
+3.8%
Questions
What was Southern's revenue in Q3 FY2021?
Southern (SO) reported revenue of $6.2 billion for Q3 FY2021, the quarter ended 30 September 2021, up 11.0% on the same quarter a year earlier.
How much did Southern earn in Q3 FY2021?
Net income for Q3 FY2021 was $1.1 billion, down 12.0% on the year, and diluted earnings per share $1.03.
When did Southern report Q3 FY2021 results?
Southern filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 4 November 2021.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2021, filed 4 November 2021: the filing.