Southern Company (The) Series 2 (SOJD) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 2.6B | 3.77B | 2.18B | 1.25B | 2.17B | 3.62B | 2.69B | 1.31B | 1.81B | 2.84B | 2.06B | 844M | 1.28B | 1.44B | 1.99B | 1.59B | 1.09B | 2.18B | 1.66B | 1.24B |
| Operating CF Growth % | 19.51% | 4.37% | -18.86% | -4.65% | 19.86% | 27.32% | 30.74% | 55.33% | 41.09% | 97.5% | 3.47% | -46.98% | 18.11% | -33.95% | 19.55% | 28.18% | -26.29% | -8.26% | -14.9% | 38.93% |
| Operating CF / Revenue % | 37.2% | 48.24% | 31.28% | 16.08% | 34.27% | 49.71% | 41.59% | 19.73% | 29.99% | 40.69% | 35.77% | 13.02% | 18.23% | 17.16% | 27.57% | 23.95% | 18.87% | 34.9% | 31.97% | 21.02% |
| Net Income | -938M | 1.71B | 2.07B | 1.33B | 534M | 1.53B | 1.2B | 1.13B | 855M | 1.42B | 838M | 862M | -86M | 1.47B | 1.11B | 1.04B | -211M | 1.1B | 376M | 1.14B |
| Depreciation & Amortization | 250M | 1.56B | 2.8B | 1.41B | 1.35B | 1.34B | 1.31B | 1.26B | 1.28B | 1.26B | 1.2B | 1.22B | 980M | 1.09B | 1.01B | 991M | 1.03B | 998M | 986M | 967M |
| Deferred Taxes | -27M | -98M | 460M | 283M | 16M | 277M | 243M | -38M | 0 | -18M | -34M | 0 | 62M | 0 | 200M | 40M | -138M | 190M | -241M | 140M |
| Other Non-Cash Items | 2.81B | -559M | -3.36B | -436M | -885M | -251M | -477M | -262M | -417M | -386M | -654M | 239M | -184M | -776M | -397M | -152M | 171M | -177M | 810M | -195M |
| Working Capital Changes | 516M | 1.14B | 88M | -1.34B | 1.16B | 714M | 409M | -861M | 75M | 564M | 707M | -1.48B | 513M | -363M | 63M | -323M | 234M | 61M | -269M | -809M |
| Capital Expenditures | 8.93B | -3.39B | -2.94B | -2.6B | -2.94B | -2.47B | -2.27B | -1.91B | -2.71B | -2.81B | -2.18B | -1.99B | -2.55B | -2.29B | -1.94B | -1.65B | -2.18B | -1.94B | -1.8B | -1.76B |
| CapEx / Revenue % | 37.31% | 0% | 0% | 33.5% | 46.32% | 34% | 35.11% | 28.71% | 44.75% | 40.32% | 37.98% | 30.63% | 36.21% | 27.32% | 26.98% | 24.76% | 37.77% | 31.04% | 34.72% | 29.83% |
| CapEx / D&A | 10.42x | 0.00x | 0.00x | 1.85x | 2.18x | 1.84x | 1.73x | 1.51x | 2.11x | 2.24x | 1.82x | 1.62x | 2.60x | 2.10x | 1.92x | 1.66x | 2.11x | 1.94x | 1.83x | 1.82x |
| CapEx Coverage (OCF/CapEx) | 1.00x | - | - | 0.48x | 0.74x | 1.46x | 1.18x | 0.69x | 0.67x | 1.01x | 0.94x | 0.43x | 0.50x | 0.63x | 1.02x | 0.97x | 0.50x | 1.12x | 0.92x | 0.70x |
| Cash from Investing | -4.36B | -3.87B | -2.9B | -2.83B | -2.72B | -2.46B | -1.85B | -2.38B | -2.95B | -2.43B | -2.17B | -2.1B | -2.48B | -2.49B | -1.91B | -1.48B | -1.42B | -1.75B | -1.75B | -1.93B |
| Acquisitions | 0 | -635M | 0 | 0 | -1M | 25M | 336M | 9M | -1M | 39M | 23M | 124M | 155M | 0 | 119M | 73M | 843M | 207M | 35M | -12M |
| Purchase of Investments | 361M | 0 | 0 | -361M | -481M | -331M | -335M | -404M | -257M | -159M | -470M | -256M | -267M | 0 | -334M | -294M | -297M | -371M | -380M | -550M |
| Sale of Investments | -361M | 0 | 0 | 361M | 465M | 332M | 335M | 403M | 242M | 159M | 469M | 251M | 258M | 0 | 335M | 289M | 296M | 371M | 380M | 546M |
| Other Investing | -6.96B | -3.23B | -2.9B | -229M | 232M | -9M | 87M | -476M | -226M | 342M | -9M | -231M | -72M | -203M | -81M | 96M | -81M | -23M | 17M | -151M |
| Cash from Financing | 61M | 2.17B | -348M | 2.81B | 595M | -1.32B | -463M | 976M | 165M | -761M | 1.14B | 433M | 1.22B | 1.33B | -20M | -266M | 57M | 59M | -93M | 1.42B |
| Dividends Paid | -761M | -760M | -758M | -736M | -734M | -733M | -754M | -733M | -764M | -765M | -764M | -742M | -741M | -741M | -723M | -702M | -700M | -700M | -699M | -678M |
| Dividend Payout Ratio % | 182.93% | 44.42% | 86.14% | 55.17% | 137.45% | 47.75% | 62.68% | 64.92% | 89.36% | 53.8% | 91.17% | 86.08% | - | 50.34% | 65.31% | 68.02% | - | 63.58% | 187.9% | 59.74% |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 1.53B | 28M | 32M | 30M | 31M | 28M | 56M | 28M | 10M | 4M | 7M | 15M | -293M | 0 | 23M | 38M | 11M | 38M | 10M | 14M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 8.01B | -78M | -46M | -170M | -101M | -73M | -34M | -22M | -105M | -81M | -77M | -131M | -67M | 554M | -122M | -212M | -189M | -148M | -299M | 19M |
| Net Change in Cash | -1.7B | 2.08B | -1.07B | 1.26B | 21M | -149M | 386M | 64M | -928M | -447M | 1.07B | -864M | -92M | 278M | 62M | -136M | -280M | 496M | -188M | 705M |
| Exchange Rate Effect | 0 | 0 | 0 | 31M | -25M | 7M | 7M | 153M | 41M | -93M | 43M | -44M | -116M | 0 | 0 | 20M | -8M | 12M | -4M | -28M |
| Cash at Beginning | 3.34B | 1.26B | 2.33B | 1.07B | 1.05B | 1.2B | 812M | 748M | 1.68B | 2.12B | 1.05B | 1.92B | 2.01B | 1.74B | 1.66B | 1.8B | 2.08B | 1.58B | 1.77B | 1.06B |
| Cash at End | 1.64B | 3.34B | 1.26B | 2.33B | 1.07B | 1.05B | 1.2B | 812M | 748M | 1.68B | 2.12B | 1.05B | 1.92B | 2.01B | 1.72B | 1.66B | 1.8B | 2.08B | 1.58B | 1.77B |
| Free Cash Flow | 11.53B | 384M | -755M | -1.35B | -764M | 1.14B | 419M | -597M | -892M | 26M | -127M | -1.14B | -1.27B | -851M | 43M | -54M | -1.09B | 241M | -143M | -521M |
| FCF Growth % | 1608.9% | -66.4% | -280.19% | -126.97% | 14.35% | 4296.15% | 429.92% | 47.68% | 29.6% | 103.06% | -395.35% | -2012.96% | -16.24% | -453.11% | 130.07% | 89.64% | -81.67% | 14.76% | -145.98% | 29.12% |
| FCF Margin % | 165.11% | 4.91% | -10.83% | -17.43% | -12.05% | 15.71% | 6.48% | -8.98% | -14.76% | 0.37% | -2.21% | -17.61% | -17.98% | -10.16% | 0.6% | -0.81% | -18.9% | 3.86% | -2.75% | -8.82% |
| FCF / Net Income % | 2771.15% | 22.44% | -85.8% | -101.57% | -143.07% | 74.46% | 34.83% | -52.88% | -104.33% | 1.83% | -15.16% | -132.37% | 1456.32% | -57.81% | 3.88% | -5.23% | 506.98% | 21.89% | -38.44% | -45.9% |