Southern (SO) FY2024 results: revenue $26.7 billion, up 5.8% on the year
Southern Co. (SO) reported revenue of $26.7 billion for fiscal 2024, the year ended 31 December 2024, up 5.8% on the year before. Net income was $4.4 billion, up 10.7%, and diluted earnings per share $3.99. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$26.7 billion
+5.8% on the year
FY2017FY2024
Operating margin
26.4%
23.1% a year earlier
FY2017FY2024
Net income
$4.4 billion
+10.7% on the year
FY2017FY2024
Diluted EPS
$3.99
+10.2% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
9,788
7,553
6,302
+29.6%
Capital expenditure
8,955
9,095
7,923
-1.5%
Free cash flow
833
-1,542
-1,621
Free cash flow margin
3.1%
-6.1%
-5.5%
Cash from investing
-9,400
-9,668
-8,430
Cash from financing
-208
999
2,336
Depreciation and amortisation
5,266
4,986
4,064
+5.6%
Dividends paid
2,954
3,035
2,907
-2.7%
Dividend per share
$2.86
$2.78
$2.70
+2.9%
Diluted shares, weighted
1,102m
1,098m
1,081m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
33,208
31,444
30,408
+5.6%
Non-controlling interest
3,466
3,781
4,124
-8.3%
Redeemable equity
n/a
n/a
0.0
Debt
64,824
62,000
57,550
+4.6%
Operating lease liabilities
1,253
1,307
1,388
-4.1%
Finance lease liabilities
278
287
296
-3.1%
Other liabilities
42,151
40,512
41,125
+4.0%
Total liabilities and equity
145,180
139,331
134,891
+4.2%
Fixed assets
n/a
99,844
94,570
Goodwill
5,161
5,161
5,161
0.0%
Intangible assets
332
368
406
-9.8%
Investments
n/a
9,986
9,757
Cash and equivalents
1,070
748
1,917
+43.0%
Other assets
138,617
23,224
23,080
+496.9%
Total assets
145,180
139,331
134,891
+4.2%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.