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Southern (SO) Q4 FY2021 earnings: revenue $5.8 billion, up 12.7% on the year

Southern Co. (SO) reported revenue of $5.8 billion for Q4 FY2021, the quarter ended 31 December 2021, up 12.7% on the same quarter a year earlier. Net income was -$215 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.

Revenue
$5.8 billion
+12.7% on the year · -7.6% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
-5.7%
14.2% a year earlier
Q1 FY2020Q4 FY2021
Net income
-$215 million
Q1 FY2020Q4 FY2021
Diluted EPS
-$0.20
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue5,7676,2385,117-7.6%+12.7%
Operating income-3311,723729
Operating margin-5.7%27.6%14.2%
Pre-tax income-567n/an/a
Income tax-283n/an/a
Net income-2151,101387
Net margin-3.7%n/an/a
Diluted EPS-$0.20$1.03$0.36
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. 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. 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow1,088n/an/a
Capital expenditure2,018n/an/a
Free cash flow-930n/an/a
Free cash flow margin-16.1%n/an/a
Cash from investing-1,503n/an/a
Cash from financing143n/an/a
Depreciation and amortisation1,0299951,002+3.4%+2.7%
Dividends paid700n/an/a
Diluted shares, weighted1,068m1,068m1,065m0.0%+0.3%
Shares outstanding at period end1,060m1,060m1,057m+0.0%+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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity27,87433,21927,972-16.1%-0.4%
Non-controlling interest4,402n/an/a
Redeemable equity291n/an/a
Debt53,71752,83649,189+1.7%+9.2%
Operating lease liabilities1,503n/an/a
Finance lease liabilities199n/an/a
Other liabilities39,548n/an/a
Total liabilities and equity127,534n/an/a
Fixed assets91,108n/an/a
Goodwill5,280n/an/a
Intangible assets445n/an/a
Investments10,202n/an/a
Cash and equivalents1,7982,0781,065-13.5%+68.8%
Other assets18,701n/an/a
Total assets127,534n/an/a

Questions

What was Southern's revenue in Q4 FY2021?

Southern (SO) reported revenue of $5.8 billion for Q4 FY2021, the quarter ended 31 December 2021, up 12.7% on the same quarter a year earlier.

How much did Southern earn in Q4 FY2021?

Net loss for Q4 FY2021 was $215 million, and the diluted loss per share $0.20.

When did Southern report Q4 FY2021 results?

Southern filed its 10-K for the year that ended with the quarter on 17 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5,7676,6487,2068,3787,0476,4805,7486,9806,0456,6466,4637,2746,3417,7756,9737,8236,9828,3976,9778,843
Operating income-3311,3841,6552,1931381,2181,2902,1101,2081,7031,9392,3681,0582,0101,7642,5949172,0181,7763,000
Operating margin-6%21%23%26%2%19%22%30%20%26%30%33%17%26%25%33%13%24%25%34%
Pre-tax income-5671,1641,3931,901-2358969211,7297991,2941,4781,9125451,5501,1422,1111961,5661,3752,546
Tax raten/a15%22%22%n/a11%11%17%1%17%20%20%14%18%25%19%-74%15%14%19%
Net income-2151,0321,1071,472-87.08628381,4228541,1291,2031,5355341,3348801,7114161,3561,1742,046
Net margin-4%16%15%18%-1%13%15%20%14%17%19%21%8%17%13%22%6%16%17%23%
Diluted EPS-$0.20$0.97$1.03$1.35-$0.09$0.79$0.76$1.29$0.78$1.03$1.09$1.39$0.48$1.21$0.79$1.54$0.38$1.20$1.03$1.76
Operating cash flow1,0881,5921,9871,4381,2858442,0562,8401,8131,3112,6883,6162,1731,2502,1813,7742,5971,2263,0543,600
Capital expenditure2,0181,4191,7942,2892,4211,8502,0482,6632,5341,7702,1252,3112,7492,4372,8003,2154,2852,9443,6953,561
Free cash flow-930173193-851-1,136-1,0068.0177-721-4595631,305-576-1,187-619559-1,688-1,718-64139.0
Dividends paid700702723741741742764765764733754733734736758760761776803820
Shares outstanding1,060m1,063m1,063m1,089m1,089m1,090m1,091m1,091m1,091m1,093m1,095m1,096m1,097m1,099m1,100m1,101m1,119m1,127m1,150m1,164m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
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-K for the period ended 31 December 2021, filed 17 February 2022: the filing.