The Southern Company (SO) balance sheet
NYSE · Utilities · Regulated Electric · 29,651 employees · CEO Christopher C. Womack
- Price
- $93.71 +0.77%
- Market cap
- $108B
- Enterprise value
- $182B
- Last report
- Q2 '26 filed 2026-07-30
- Next report
- 2026-11-05 EPS est. $1.71
At the end of Q2 '26 The Southern Company (SO) held $2.98B in cash and short-term investments against $77.1B of debt incl. leases. Total assets $162B, total liabilities $120B, shareholders' equity $39.6B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.68B | $748M | $713M | $1.15B | $1.02B | $1.07B | $2.33B | $1.26B | $3.34B | $1.64B | $981M | $2.98B | |
| Receivables | $4.01B | $3.96B | $3.95B | $4.28B | $4.42B | $4.29B | $4.27B | $4.35B | $3.9B | $4.07B | $3.87B | $3.95B | |
| Inventory | $3.15B | $3.35B | $3.27B | $3.29B | $3.39B | $3.37B | $3.05B | $3.08B | $3.26B | $3.33B | $3.17B | $3.31B | |
| Other current assets | $1.93B | $1.96B | $2.14B | $1.86B | $1.83B | $1.67B | $1.72B | $1.63B | $1.8B | $1.55B | $1.53B | $1.77B | |
| Current assets | $11.1B | $10.4B | $10.5B | $11B | $11B | $10.7B | $11.8B | $10.8B | $12.6B | $10.9B | $9.96B | $12.4B | |
| Property, plant & equipment (net) | $100B | $102B | $103B | $104B | $105B | $107B | $108B | $110B | $113B | $116B | $118B | $120B | |
| Long-term investments | $3.58B | $3.79B | $3.91B | $3.93B | $4.06B | $4.04B | $4.05B | $4.19B | $4.19B | $4.27B | $4.25B | $4.54B | |
| Goodwill | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | $5.16B | |
| Intangible assets | $377M | $368M | $359M | $350M | $341M | $332M | $324M | $316M | $308M | $300M | $294M | $287M | |
| Other non-current assets | $17.7B | $17.6B | $17.6B | $17.5B | $18.4B | $18.2B | $18.3B | $18.1B | $18B | $18.6B | $19.2B | $19.2B | |
| Non-current assets | $127B | $129B | $130B | $131B | $133B | $134B | $136B | $138B | $141B | $145B | $147B | $150B | |
| Total assets | $138B | $139B | $140B | $142B | $144B | $145B | $148B | $149B | $153B | $156B | $157B | $162B | |
| Liabilities | |||||||||||||
| Accounts payable | $2.94B | $2.9B | $2.15B | $2.45B | $3.95B | $3.7B | $3.09B | $2.95B | $3.02B | $3.71B | $2.91B | $3.37B | |
| Accrued expenses | $573M | $652M | $583M | $702M | $570M | $682M | $600M | $775M | $602M | $807M | $627M | $812M | |
| Short-term debt | $4.8B | $4.79B | $4.41B | $4.13B | $2.36B | $6.06B | $5.68B | $6.35B | $7.69B | $6.94B | $7.37B | $6.83B | |
| Taxes payable | $1.04B | $868M | $579M | $771M | $37M | $1.05B | $653M | $20M | $456M | $0 | $623M | $70M | |
| Deferred revenue | $511M | $503M | $456M | $466M | $491M | $486M | $458M | $468M | $489M | $475M | $478M | $487M | |
| Other current liabilities | $3.17B | $3.57B | $3.09B | $3.32B | $3.57B | $3.81B | $3.08B | $3.01B | $3.31B | $3.75B | $3.1B | $3.26B | |
| Current liabilities | $13.2B | $13.5B | $11.5B | $12B | $12.2B | $16B | $13.8B | $14.6B | $16.7B | $16.9B | $15.3B | $15.7B | |
| Long-term debt | $56B | $57.2B | $59.4B | $59.9B | $61.3B | $58.8B | $62.9B | $63B | $64.6B | $65.6B | $67.1B | $68.8B | |
| Lease obligations (non-current) | $1.32B | $1.31B | $1.29B | $1.31B | $1.27B | $1.25B | $1.3B | $1.29B | $1.24B | $1.29B | $1.28B | $1.3B | |
| Deferred tax liabilities | $17.7B | $17.7B | $17.8B | $18B | $18.3B | $18.2B | $18.6B | $18.8B | $18.6B | $18.8B | $19.1B | $19.3B | |
| Other non-current liabilities | $14.8B | $14.4B | $14.5B | $14.6B | $14B | $14.3B | $14.3B | $13.9B | $13.8B | $14.2B | $14.3B | $14.6B | |
| Non-current liabilities | $89.8B | $90.6B | $93B | $93.8B | $94.9B | $92.5B | $97.1B | $96.9B | $98.2B | $100B | $102B | $104B | |
| Total liabilities | $103B | $104B | $105B | $106B | $107B | $109B | $111B | $112B | $115B | $117B | $117B | $120B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $5.42B | $5.42B | $5.43B | $5.44B | $5.44B | $5.45B | $5.45B | $5.46B | $5.46B | $5.55B | $5.59B | $11M | |
| Retained earnings | $12.4B | $12.5B | $12.8B | $13.3B | $14B | $13.8B | $14.3B | $14.4B | $15.3B | $14.9B | $15.4B | $15.7B | |
| Accumulated other comprehensive income | -$130M | -$177M | -$140M | -$130M | -$139M | -$78M | -$75M | -$71M | -$80M | -$75M | -$73M | -$78M | |
| Shareholders' equity | $31.4B | $31.4B | $31.9B | $32.4B | $33.3B | $33.2B | $33.8B | $34B | $35B | $36B | $37.1B | $39.6B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $62.3B | $63.5B | $65.2B | $65.5B | $65.1B | $66.3B | $70.1B | $70.8B | $73.7B | $74.1B | $76B | $77.1B | |
| Net debt (debt - cash) | $60.6B | $62.7B | $64.5B | $64.4B | $64.1B | $65.2B | $67.8B | $69.6B | $70.4B | $72.4B | $75B | $74.1B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.98B | $2.13B | $1.4B | $1.98B | $1.07B | $1.8B | $1.92B | $748M | $1.07B | $1.64B | |
| Receivables | $3.79B | $4.05B | $4.06B | $3.41B | $3.34B | $2.96B | $3.72B | $3.96B | $4.29B | $4.07B | |
| Inventory | $2.78B | $2.63B | $2.39B | $2.39B | $2.49B | $2.36B | $2.68B | $3.35B | $3.37B | $3.33B | |
| Other current assets | $811M | $815M | $1.3B | $1.73B | $1.45B | $1.52B | $1.76B | $1.96B | $1.67B | $1.55B | |
| Current assets | $9.72B | $10.1B | $9.58B | $9.82B | $8.62B | $8.97B | $10.4B | $10.4B | $10.7B | $10.9B | |
| Property, plant & equipment (net) | $79.5B | $80.9B | $81.9B | $86.1B | $90.4B | $93.5B | $96.7B | $102B | $107B | $116B | |
| Long-term investments | $3.16B | $3.35B | $3.3B | $3.34B | $3.67B | $3.82B | $3.59B | $3.79B | $4.04B | $4.27B | |
| Goodwill | $6.25B | $6.27B | $5.32B | $5.28B | $5.28B | $5.28B | $5.16B | $5.16B | $5.16B | $5.16B | |
| Intangible assets | $970M | $873M | $613M | $536M | $487M | $445M | $406M | $368M | $332M | $300M | |
| Other non-current assets | $10.1B | $9.55B | $16.2B | $13.7B | $14.5B | $15.6B | $18.6B | $17.6B | $18.2B | $18.6B | |
| Non-current assets | $100B | $101B | $107B | $109B | $114B | $119B | $124B | $129B | $134B | $145B | |
| Total assets | $110B | $111B | $117B | $119B | $123B | $128B | $135B | $139B | $145B | $156B | |
| Liabilities | |||||||||||
| Accounts payable | $2.83B | $3.08B | $3.44B | $2.56B | $2.81B | $2.17B | $3.53B | $2.9B | $3.7B | $3.71B | |
| Accrued expenses | $518M | $488M | $472M | $474M | $513M | $533M | $614M | $652M | $682M | $807M | |
| Short-term debt | $4.8B | $6.3B | $6.11B | $5.04B | $4.12B | $3.6B | $6.89B | $4.79B | $6.06B | $6.94B | |
| Taxes payable | $860M | $619M | $656M | $659M | $829M | $691M | $824M | $868M | $57M | $0 | |
| Deferred revenue | $558M | $542M | $522M | $496M | $487M | $479M | $502M | $503M | $486M | $475M | |
| Other current liabilities | $2.84B | $2.52B | $3.09B | $3.09B | $3.09B | $3.2B | $3.17B | $3.57B | $3.81B | $3.75B | |
| Current liabilities | $12.9B | $13.6B | $14.3B | $12.5B | $12.1B | $10.9B | $15.7B | $13.5B | $16B | $16.9B | |
| Long-term debt | $42.6B | $44.5B | $40.7B | $41.8B | $45.1B | $50.1B | $50.7B | $57.2B | $58.8B | $65.6B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.62B | $1.61B | $1.5B | $1.39B | $1.31B | $1.25B | $1.29B | |
| Deferred tax liabilities | $16.5B | $16.4B | $15.4B | $16.3B | $16.2B | $16.5B | $17.4B | $17.7B | $18.2B | $18.8B | |
| Other non-current liabilities | $10.9B | $10.7B | $17.2B | $14.4B | $15.5B | $15.9B | $15.2B | $14.4B | $14.3B | $14.2B | |
| Non-current liabilities | $70.1B | $71.6B | $73.3B | $74.1B | $78.3B | $84B | $84.6B | $90.6B | $92.5B | $100B | |
| Total liabilities | $83B | $85.2B | $87.6B | $86.7B | $90.4B | $95B | $100B | $104B | $109B | $117B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $4.95B | $5.04B | $5.16B | $5.26B | $5.27B | $5.28B | $5.42B | $5.42B | $5.45B | $5.55B | |
| Retained earnings | $10.4B | $8.89B | $8.71B | $10.9B | $11.3B | $10.9B | $11.5B | $12.5B | $13.8B | $14.9B | |
| Accumulated other comprehensive income | -$180M | -$189M | -$203M | -$321M | -$395M | -$237M | -$167M | -$177M | -$78M | -$75M | |
| Shareholders' equity | $25.5B | $24.5B | $25B | $27.8B | $28.3B | $28.2B | $30.4B | $31.4B | $33.2B | $36B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $47.5B | $50.8B | $46.8B | $48.7B | $51B | $55.5B | $59.1B | $63.5B | $66.3B | $74.1B | |
| Net debt (debt - cash) | $45.5B | $48.7B | $45.5B | $46.7B | $50B | $53.7B | $57.2B | $62.7B | $65.2B | $72.4B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01