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The Southern Company (SO)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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The Southern Company Balance Sheet 2021-2011 | SO
Brief overview of The Southern Company's assets and capital
This overview follows the five latest available annual observations between 2021 and 2025.
Assets increased from $127.5 billion to $155.7 billion, or +22.1%; CAGR of about 5.1% indicates steady balance sheet expansion.
Asset and liability trends were close, at +22.1% and +23%. Expansion did not materially reshape funding sources.
Internal capital represents 23.1% of the balance sheet versus 25.3% five periods ago. The cushion is thin.
Retained earnings stand at $14.9 billion; the five-period change was +35.9%. This reflects accumulated business performance.
Overall assessment
The balance sheet gives no single signal for The Southern Company: some indicators are sound, while leverage or capitalization needs attention.
Annual Balance Sheet The Southern Company
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
48.6 B | 44.2 B | 40.1 B | 45.4 B | 48.6 B | 45.4 B | 27.3 B | 24.2 B | 22.6 B | 21.8 B | 19.9 B |
Long Term Debt |
50.1 B | 45.1 B | 41.8 B | 40.7 B | 44.5 B | 42.6 B | 24.7 B | 20.8 B | 21.3 B | 19.3 B | 18.6 B |
Long Term Debt Current |
250 M | 241 M | 229 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 45.1 B | 74.1 B | 73.3 B | 71.6 B | 70 B | 47.1 B | 40.7 B | 38.9 B | 36.8 B | 34.4 B |
Total Current Liabilities |
10.9 B | 12.1 B | 12.5 B | 14.3 B | 13.6 B | 12.9 B | 9.13 B | 8.97 B | 5.54 B | 7.01 B | 6.58 B |
Total Liabilities |
95 B | 90.4 B | 86.6 B | 87.6 B | 85.2 B | 83 B | 56.2 B | 49.6 B | 44.4 B | 43.8 B | 41 B |
Deferred Revenue |
- | 796 M | 496 M | 522 M | 542 M | 558 M | 404 M | 390 M | 380 M | 370 M | 347 M |
Retained Earnings |
10.9 B | 11.3 B | 10.9 B | 8.71 B | 8.88 B | 10.4 B | 10 B | 9.61 B | 9.51 B | 9.63 B | 8.97 B |
Total Assets |
128 B | 123 B | 119 B | 117 B | 111 B | 110 B | 78.3 B | 70.9 B | 64.5 B | 63.1 B | 59.3 B |
Cash and Cash Equivalents |
1.8 B | 1.06 B | 1.98 B | 1.4 B | 2.13 B | 1.98 B | 1.4 B | 710 M | 659 M | 628 M | 1.32 B |
Book Value |
32.6 B | 32.5 B | 32 B | 29.3 B | 25.9 B | 26.7 B | 22.1 B | 21.3 B | 20.1 B | 19.4 B | 18.3 B |
Total Shareholders Equity |
32.3 B | 32.2 B | 31.8 B | 29 B | 25.5 B | 24.8 B | 20.6 B | 19.9 B | 19 B | 19 B | 18.3 B |
All numbers in USD currency
Quarterly Balance Sheet The Southern Company
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | - | - | - | - | - | - | - | - | 50.6 B | 50.1 B | 48.8 B | 47.8 B | 46.7 B | 45.1 B | 45.1 B | 45.1 B | 45.1 B | 41.8 B | 41.8 B | 41.8 B | 41.8 B | 40.7 B | 40.7 B | 40.7 B | 40.7 B | 44.5 B | 44.5 B | 44.5 B | 44.5 B | 42.6 B | 42.6 B | 42.6 B | 42.6 B | 24.7 B | 24.7 B | 24.7 B | 24.7 B | 20.6 B | - | - | 22.3 B | 21.3 B | 21.1 B | 19.9 B | 21.3 B | 19.3 B | 19.3 B | 19.3 B | 19.3 B | 18.6 B | 18.6 B | 18.6 B | 18.6 B |
Total Liabilities |
115 B | 112 B | 111 B | 107 B | 106 B | 105 B | 103 B | 102 B | 100 B | - | 98.3 B | 97.5 B | 95.7 B | 95 B | 94.4 B | 92.9 B | 92 B | 90.4 B | 90.4 B | 87.5 B | 90.4 B | 86.6 B | 86.6 B | 86.6 B | 86.6 B | 87.6 B | 87.6 B | 87.6 B | 87.6 B | 85.2 B | 85.2 B | 85.2 B | 85.2 B | 82.8 B | 82.8 B | 82.8 B | 82.8 B | 56.2 B | 56.2 B | 56.2 B | 56.2 B | 48.9 B | - | - | 44.6 B | 44.4 B | 44.8 B | 44.8 B | 44.4 B | 43.8 B | 43.8 B | 43.8 B | 43.8 B | 40.6 B | 40.6 B | 40.6 B | 40.6 B |
Retained Earnings |
- | - | - | - | - | - | - | - | - | - | - | - | - | 10.9 B | - | - | - | 11.3 B | - | - | - | 10.9 B | - | - | - | 8.71 B | 9.05 B | 8.49 B | 9.26 B | 8.88 B | 8.88 B | 8.88 B | 8.88 B | 10.4 B | 10.4 B | 10.4 B | 10.4 B | 10 B | 10 B | 10 B | 10 B | 9.61 B | - | - | 9.41 B | 9.51 B | 9.54 B | 9.14 B | 9.51 B | 9.63 B | 9.63 B | 9.63 B | 9.63 B | 8.97 B | 8.97 B | 8.97 B | 8.97 B |
Total Assets |
153 B | 149 B | 148 B | 144 B | 142 B | 140 B | 138 B | 137 B | 135 B | - | 134 B | 131 B | 129 B | 128 B | 128 B | 126 B | 125 B | 123 B | 123 B | 120 B | 123 B | 119 B | 119 B | 119 B | 119 B | 117 B | 117 B | 117 B | 117 B | 111 B | 111 B | 111 B | 111 B | 110 B | 110 B | 110 B | 110 B | 78.3 B | 78.3 B | 78.3 B | 78.3 B | 70.2 B | 70.9 B | 70.9 B | 70.9 B | 64.3 B | 64.5 B | 64.5 B | 64.5 B | 63.1 B | 63.1 B | 63.1 B | 63.1 B | 59.3 B | 59.3 B | 59.3 B | 59.3 B |
Cash and Cash Equivalents |
- | - | - | - | - | - | - | - | - | - | - | - | 1.66 B | 1.8 B | 2.08 B | 1.58 B | 1.77 B | 1.06 B | 1.06 B | 1.06 B | 1.06 B | 1.98 B | 1.98 B | 1.98 B | 1.98 B | 1.4 B | 1.4 B | 1.4 B | 1.4 B | 2.13 B | 2.13 B | 2.13 B | 2.13 B | 1.98 B | 1.98 B | 1.98 B | 1.98 B | 1.4 B | 1.4 B | 1.4 B | 1.4 B | 710 M | - | - | 590 M | 659 M | 682 M | 424 M | 659 M | 628 M | 628 M | 628 M | 628 M | 1.32 B | 1.32 B | 1.32 B | 1.32 B |
Book Value |
38.3 B | 37.3 B | 37.2 B | 36.9 B | 36.1 B | 35.6 B | 35.3 B | 34.6 B | 34.6 B | - | 35.7 B | 33.3 B | 32.9 B | 32.6 B | 33.5 B | 33 B | 33.4 B | 32.5 B | 32.8 B | 32.3 B | 32.5 B | 32 B | 32 B | 32 B | 32 B | 29.3 B | 29.3 B | 29.3 B | 29.3 B | 25.9 B | 25.9 B | 25.9 B | 25.9 B | 26.9 B | 26.9 B | 26.9 B | 26.9 B | 22.1 B | 22.1 B | 22.1 B | 22.1 B | 21.3 B | 70.9 B | 70.9 B | 26.3 B | 19.9 B | 19.8 B | 19.8 B | 20.1 B | 19.4 B | 19.4 B | 19.4 B | 19.4 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B |
Total Shareholders Equity |
38.3 B | 37.3 B | 37.2 B | 36.9 B | 36.1 B | 35.6 B | 35.3 B | 34.6 B | 34.6 B | - | 35.5 B | 33 B | 32.6 B | 27.9 B | 33.2 B | 32.7 B | 33.1 B | 28 B | 32.5 B | 32.2 B | 32.2 B | 27.5 B | 31.8 B | 31.8 B | 30.7 B | 24.7 B | 24.9 B | 23.6 B | 24.7 B | 24.2 B | 24.2 B | 24.2 B | 24.2 B | 24.8 B | 24.8 B | 24.8 B | 24.8 B | 20.6 B | 20.6 B | 20.6 B | 20.6 B | 19.9 B | 20.9 B | 20.9 B | 19.1 B | 19 B | 18.8 B | 18 B | 19 B | 18.3 B | 18.3 B | 18.3 B | 19 B | 18.3 B | 18.3 B | 18.3 B | 18.3 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of The Southern Company, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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