Southern (SO) FY2022 results: revenue $29.3 billion, up 26.7% on the year
Southern Co. (SO) reported revenue of $29.3 billion for fiscal 2022, the year ended 31 December 2022, up 26.7% on the year before. Net income was $3.5 billion, up 47.3%, and diluted earnings per share $3.26. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$29.3 billion
+26.7% on the year
FY2015FY2022
Operating margin
18.3%
16.0% a year earlier
FY2015FY2022
Net income
$3.5 billion
+47.3% on the year
FY2015FY2022
Diluted EPS
$3.26
+45.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,302
6,169
6,696
+2.2%
Capital expenditure
7,923
7,586
7,522
+4.4%
Free cash flow
-1,621
-1,417
-826
Free cash flow margin
-5.5%
-6.1%
-4.1%
Cash from investing
-8,430
-7,353
-7,030
Cash from financing
2,336
1,945
-576
+20.1%
Depreciation and amortisation
4,064
3,973
3,905
+2.3%
Dividends paid
2,907
2,777
2,685
+4.7%
Dividend per share
$2.70
$2.62
$2.54
+3.1%
Diluted shares, weighted
1,081m
1,068m
1,065m
+1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
30,408
27,874
27,972
+9.1%
Non-controlling interest
4,124
4,402
4,262
-6.3%
Redeemable equity
0.0
291
291
Debt
57,550
53,717
49,189
+7.1%
Operating lease liabilities
1,388
1,503
1,611
-7.7%
Finance lease liabilities
296
199
214
+48.7%
Other liabilities
41,125
39,548
39,396
+4.0%
Total liabilities and equity
134,891
127,534
122,935
+5.8%
Fixed assets
94,570
91,108
87,634
+3.8%
Goodwill
5,161
5,280
5,280
-2.3%
Intangible assets
406
445
487
-8.8%
Investments
9,757
10,202
10,386
-4.4%
Cash and equivalents
1,917
1,798
1,065
+6.6%
Other assets
23,080
18,701
18,083
+23.4%
Total assets
134,891
127,534
122,935
+5.8%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.