0000092122-26-000006
SEC filingThe Southern Company reported strong financial performance for fiscal year 2025, with total operating revenues of $29.55 billion and net income of $4.34 billion. Operating income reached $7.29 billion, driven by effective cost management with total operating expenses of $22.27 billion. The company generated robust operating cash flow of $9.80 billion, which supported significant capital investments of $12.74 billion in property additions. Earnings per share were $4.00 for both basic and diluted calculations. The balance sheet shows total assets of $155.72 billion, with long-term debt of $65.65 billion and stockholders' equity of $38.87 billion. The company maintained solid liquidity with cash and cash equivalents of $1.64 billion and total current assets of $10.92 billion.
The Southern Company delivered solid financial results for fiscal year 2025, reporting total operating revenues of $29.55 billion and net income of $4.34 billion. Operating income reached $7.29 billion, representing an operating margin of 24.7%. The company's earnings per share were $4.00 for both basic and diluted calculations. Key profitability drivers included effective cost management with total operating expenses of $22.27 billion, comprising cost of sales ($8.16 billion), other operations and maintenance ($7.07 billion), depreciation and amortization ($5.50 billion), and taxes other than income taxes ($1.54 billion). The company's earnings before income taxes were $5.00 billion, with income tax expense of $828 million.
Total operating revenues for fiscal year 2025 were $29.55 billion. The document does not provide segment-level revenue breakdown or geographic mix data. The XBRL data shows aggregated revenue figures without detailed segmentation by business units, product lines, or geographic regions. No specific revenue growth drivers or segment performance metrics are disclosed in the provided financial data.
The company achieved an operating margin of 24.7% based on operating income of $7.29 billion and total operating revenues of $29.55 billion. The cost structure shows significant investment in operations and maintenance ($7.07 billion) and depreciation ($5.50 billion), reflecting the capital-intensive nature of the utility business. Interest expense, net of amounts capitalized, was $3.24 billion, which impacted pre-tax profitability. Other income items included allowance for equity funds used during construction ($340 million) and earnings from equity method investments ($112 million).
Operating activities generated $9.80 billion in cash flow, primarily from consolidated net income of $4.17 billion adjusted for non-cash items including depreciation and amortization ($6.03 billion) and deferred income taxes ($618 million). Investing activities used $13.96 billion, mainly for property additions ($12.74 billion) and business acquisition ($635 million). Financing activities provided $4.70 billion, with proceeds from long-term debt ($12.47 billion) offset by debt redemptions ($5.46 billion) and dividend payments ($3.02 billion). The balance sheet shows total assets of $155.72 billion, including property, plant and equipment of $114.37 billion. Total liabilities were $116.85 billion, with long-term debt of $65.65 billion. Stockholders' equity stood at $38.87 billion.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. The document focuses on historical financial results for fiscal year 2025 without forward-looking statements or projections. The company's significant capital investments in property additions ($12.74 billion) and construction work in progress ($10.53 billion) suggest continued focus on infrastructure development, but no explicit outlook or guidance is provided in the extracted financial statements.