Southern (SO) FY2021 results: revenue $23.1 billion, up 13.4% on the year
Southern Co. (SO) reported revenue of $23.1 billion for fiscal 2021, the year ended 31 December 2021, up 13.4% on the year before. Net income was $2.4 billion, down 23.3%, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$23.1 billion
+13.4% on the year
FY2014FY2021
Operating margin
16.0%
24.0% a year earlier
FY2014FY2021
Net income
$2.4 billion
-23.3% on the year
FY2014FY2021
Diluted EPS
$2.24
-23.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,169
6,696
5,781
-7.9%
Capital expenditure
7,586
7,522
7,555
+0.9%
Free cash flow
-1,417
-826
-1,774
Free cash flow margin
-6.1%
-4.1%
-8.3%
Cash from investing
-7,353
-7,030
-3,392
Cash from financing
1,945
-576
-1,930
Depreciation and amortisation
3,973
3,905
3,331
+1.7%
Dividends paid
2,777
2,685
2,570
+3.4%
Dividend per share
$2.62
$2.54
$2.46
+3.1%
Diluted shares, weighted
1,068m
1,065m
1,054m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
27,874
27,972
27,505
-0.4%
Non-controlling interest
4,402
4,262
4,254
+3.3%
Redeemable equity
291
291
291
0.0%
Debt
53,717
49,189
46,842
+9.2%
Operating lease liabilities
1,503
1,611
1,615
-6.7%
Finance lease liabilities
199
214
205
-7.0%
Other liabilities
39,548
39,396
37,988
+0.4%
Total liabilities and equity
127,534
122,935
118,700
+3.7%
Fixed assets
91,108
87,634
83,080
+4.0%
Goodwill
5,280
5,280
5,280
0.0%
Intangible assets
445
487
536
-8.6%
Investments
10,202
10,386
10,334
-1.8%
Cash and equivalents
1,798
1,065
1,975
+68.8%
Other assets
18,701
18,083
17,495
+3.4%
Total assets
127,534
122,935
118,700
+3.7%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.