Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.9B | $23.0B | $23.5B | $21.4B | $20.4B | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| Revenue growth | — | 15.8% | 2.0% | -8.8% | -4.9% | 13.4% | 26.7% | -13.8% | 5.8% | 10.6% |
| Operating income | $4.49B | $2.33B | $4.19B | $7.74B | $4.88B | $3.70B | $5.37B | $5.83B | $7.07B | $7.29B |
| Operating margin | 22.5% | 10.1% | 17.8% | 36.1% | 24.0% | 16.0% | 18.3% | 23.1% | 26.4% | 24.7% |
| Net income | $2.53B | $926M | $2.30B | $4.74B | $3.10B | $2.31B | $3.43B | $3.98B | $4.40B | $4.34B |
| Net margin | 12.7% | 4.0% | 9.8% | 22.1% | 15.2% | 10.0% | 11.7% | 15.7% | 16.5% | 14.7% |
| EPS (diluted) | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.89B | $6.39B | $6.95B | $5.78B | $6.70B | $6.17B | $6.30B | $7.55B | $9.79B | $9.80B |
| Capital expenditures | $7.31B | $7.42B | $8.00B | $7.55B | $7.52B | $7.59B | $7.92B | $9.10B | $8.96B | $12.7B |
| Free cash flow | -$2.42B | -$1.03B | -$1.06B | -$1.77B | -$826M | -$1.42B | -$1.62B | -$1.54B | $833M | -$2.94B |
| Share buybacks | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Dividends paid | $2.10B | $2.30B | $2.42B | $2.57B | $2.69B | $2.78B | $2.91B | $3.04B | $2.95B | $3.02B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.98B | $2.13B | $1.40B | $1.98B | $1.06B | $1.80B | $1.92B | $748M | $1.07B | $1.64B |
| Total assets | $110B | $111B | $117B | $119B | $123B | $128B | $135B | $139B | $145B | $156B |
| Total liabilities | $82.8B | $85.2B | $87.6B | $86.7B | $90.4B | $95.0B | $100B | $104B | $109B | $117B |
| Shareholders' equity | $24.8B | $24.2B | $24.7B | $27.5B | $28.0B | $27.9B | $30.4B | $31.4B | $33.2B | $36.0B |
| Retained earnings | $10.4B | $8.88B | $8.71B | $10.9B | $11.3B | $10.9B | $11.5B | $12.5B | $13.8B | $14.9B |
| Shares (wtd avg diluted) | 958M | 1.01B | 1.02B | 1.05B | 1.06B | 1.07B | 1.08B | 1.10B | 1.10B | 1.11B |
Every figure is extracted from SOUTHERN CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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