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Southern Company Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Southern Company holds $157.03B in total assets. Shareholders' equity is $39.9B against $76.9B in total debt. Cash and equivalents total $987.0M. The current ratio is 0.650 and debt-to-equity is 1.93. Based on the Q1 2026 filing.

Total Assets$157.03BTotal Stockholders Equity$39.9BLong Term Debt$72.1BCash And Equivalents$987.0MTotal Current Assets$10.0BTotal Current Liabilities$15.3B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$105.64B
P/E Ratio18.88
ROE14.87%

Current Liabilities

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Accounts payable—$2.9B—-$394.0M$3.7B$2.9B
Accrued compensation—$936.0M——$1.4B$761.0M
Accrued expenses—$862.0M——$982.0M$557.0M
Accrued interest—$573.0M——$807.0M$627.0M
Contract liabilities—$62.0M——$213.0M$257.0M
Accrued Income Taxes, Current—$177.0M——$22.0M$66.0M
Customer Deposits, Current1—$511.0M——$475.0M$478.0M
Derivative Liability, Current————$118.0M$134.0M
Natural gas cost over recovery—$165.0M——$158.0M$131.0M
Other accrued liabilities—$943.0M——$1.2B$1.2B
Other Regulatory Liabilities, Current—$163.0M——$240.0M$228.0M
Current portion of long-term debt—$1.7B——$722.0M$1.7B
Current Portion of Long-Term Debt and Finance Lease Obligations—$3.1B——$6.2B$5.7B
Deferred revenue—$166.0M———$875.0M
Derivative Liabilities - Fair Value—$86.0M——$118.0M$134.0M
Derivative liabilities—$86.0M——$54.0M$75.0M
Income taxes payable—$177.0M——$22.0M$66.0M
Net Cash Collateral Posted - Derivative Instruments—$49.0M———$22.0M
Note payable to DIRECTV—$943.0M——$1.2B$1.2B
Operating lease liabilities, current—$181.0M——$197.0M$203.0M
Short-term borrowings—$1.7B——$722.0M$1.7B
Total current liabilities—$13.2B——$16.9B$15.3B

Current Assets

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Accounts receivable, net—$2.2B——$2.3B$2.4B
Allowance for Doubtful Accounts—$78.0M——$84.0M$95.0M
Allowance for Doubtful Accounts Receivable (Current)—$78.0M——$84.0M$95.0M
Cash and cash equivalents—$1.9B$1.1B$2.3B$1.6B$987.0M
Derivatives—$36.0M——$63.0M$35.0M
Natural gas for sale—$406.0M——$396.0M$145.0M
Fossil fuel stock—$829.0M——$735.0M$727.0M
Other current assets—$544.0M——$424.0M$433.0M
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)—$553.0M——$655.0M$524.0M
Other Regulatory Assets Current—$996.0M——$709.0M$706.0M
Regulatory Asset, Asset Retirement Obligation, Current—$358.0M——$353.0M$353.0M
Unbilled Revenues Current—$547.0M——$931.0M$740.0M
Under recovered fuel clause revenues—$757.0M——$316.0M$299.0M
Derivative Assets, Current—$36.0M——$63.0M$35.0M
Derivative Assets - Fair Value—$80.0M——$93.0M$90.0M
Derivative assets—$43.0M——$72.0M$37.0M
Other Receivables—$553.0M——$655.0M$524.0M
Prepaid expenses and other current assets—$321.0M——$327.0M$411.0M
Materials and supplies—$1.9B——$2.2B$2.3B
Total current assets—$11.1B——$10.9B$10.0B

Non-Current Liabilities

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Asset retirement obligations—$727.0M——$662.0M$659.0M
Contingent Consideration Liability (Non-Current)—————$11.0M
Deferred Credits—$33.8B——$34.3B$34.7B
Defined Benefit Pension Plan Liabilities (Non-Current)—$1.2B——$980.0M$941.0M
Long-term debt—$58.8B———$72.1B
Long-Term Debt and Finance Lease Obligations—$56.0B——$65.6B$67.1B
Long-Term Debt - Fair Value—$50.8B———$66.5B
Retirement and nonpension postretirement benefit obligations—$1.2B——$980.0M$941.0M
Operating lease liabilities, non-current—$1.3B——$1.3B$1.3B
Other non-current liabilities—$1.2B——$1.5B$1.6B
Total Carrying Value of Debt—$58.8B———$72.1B
Total liabilities—$103.0B——$116.9B$436.0M

Equity

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Total liabilities and stockholders' equity—$138.3B——$155.7B$157.0B
Total stockholders' equity$34.6B$35.3B$36.7B$37.2B$38.9B$39.9B

Non-Current Assets

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Deferred tax assets—$10.8B—$351.0M$12.1B$12.4B
Deferred Tax Assets and Other Non-Current Assets—$1.5B——$1.4B$1.5B
Equity method investments—$1.4B——$1.3B$1.4B
Finite Lived Intangible Assets - Gross—$669.0M——$669.0M$669.0M
Goodwill—$5.2B——$5.2B$5.2B
Indefinite-Lived Intangible Assets—$75.0M——$75.0M$75.0M
Indefinite-Lived Intangible Assets, Gross—$75.0M——$75.0M$75.0M
Indefinite-Lived Research and Development Assets—$75.0M——$75.0M$75.0M
Indefinite-Lived Trademarks—$75.0M——$75.0M$75.0M
Intangible Assets Gross (Excluding Goodwill)—$744.0M——$744.0M$744.0M
Intangible assets, net—$302.0M——$225.0M$219.0M
Total deferred charges and other assets—$19.2B——$20.0B$20.6B
Deferred Charges Related to Income Taxes—$889.0M——$948.0M$1.0B
Deferred contract costs—$1.3B——$252.0M$210.0M
Intangible assets — net—$302.0M——$225.0M$219.0M
Other intangible assets—net—$377.0M——$300.0M$294.0M
Operating lease right-of-use assets—$1.5B——$1.4B$1.4B
Other non-current assets—$1.5B——$1.4B$1.5B
Strategic investments—$651.0M——$714.0M$706.0M
Other Property and Investments————$10.4B$10.4B
Other Regulatory Assets Deferred—$5.7B——$7.4B$7.7B
Prepaid pension costs—$2.6B——$3.3B$3.4B
Public Utilities, Other Depreciable Property, Plant And Equipment, Plant In Service————$102.6B$103.9B
Public Utilities, Property, Plant and Equipment, Net————$114.4B$116.1B
Regulatory assets – asset retirement obligations, deferred—$5.6B——$5.1B$5.2B
Unamortized Loss Reacquired Debt, Noncurrent—$224.0M——$187.0M$183.0M
Operating lease right-of-use assets—$1.5B——$1.4B$1.4B
Operating Lease Right-of-Use Assets in Other Assets—$1.5B——$1.4B$1.4B
Other Investments—$651.0M——$714.0M$706.0M
Other non-current assets—$651.0M———$10.0M
Accumulated depreciation—$37.2B——$43.5B$45.2B
Total property and equipment, gross————$146.1B$149.1B
Property and equipment, net—$98.3B——$114.4B$116.1B
Software and Technology Licenses, Net—$1.5B——$1.4B$1.5B
Special Use Funds—$2.2B——$2.9B$2.9B
Total assets—$138.3B——$155.7B$157.0B
Construction work in progress————$10.5B$11.3B

Other

MetricQ2 '23Q3 '23Q4 '24Q1 '25Q4 '25Q1 '26
Fair Value Measurement Disclosure—$794.0M——$321.0M$401.0M
Number of Countries of Operation—300.0%———300.0%
Gross Assets/Liabilities—$708.0M——$267.0M$326.0M
Line of Credit Maximum Borrowing Capacity—$7.6B———$8.9B
Line of Credit Remaining Borrowing Capacity—$7.6B———$8.9B
Accounts Receivable, after Allowance for Credit Loss—$2.7B——$3.1B$3.1B
Accumulated Deferred Investment Tax Credit—$2.1B——$2.0B$2.0B
Allowance for doubtful accounts—$78.0M——$84.0M$95.0M
Variable rate pollution control revenue bonds outstanding—$1.7B———$1.5B
Expires within One Year—$280.0M———$45.0M
Business Combination, Contingent Consideration, Liability—————$11.0M
Collateral already posted, aggregate fair value—$49.0M———$22.0M
Contract with Customer, Asset, after Allowance for Credit Loss—$267.0M——$294.0M$338.0M
Contract with Customer, Liability—$62.0M——$213.0M$257.0M
Long-term debt, gross—$58.8B———$72.1B
Debt Instrument, Fair Value Disclosure—$50.8B———$66.5B
Deferred credits related to income taxes—$4.8B——$4.7B$4.6B
Deferred income taxes—$10.8B——$12.1B$12.4B
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset—$37.0M——$21.0M$53.0M
Derivative, gross, assets—$80.0M——$93.0M$90.0M
Derivatives, gross, liabilities—$794.0M——$321.0M$401.0M
Derivative Liability—$708.0M——$267.0M$326.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset—$86.0M——$54.0M$75.0M
Energy-related derivative hedge gain (loss) to be reclassified within twelve months—————$0.0
Equity method investments (Note 11)—$1.4B——$1.3B$1.4B
Finite-Lived Intangible Assets, Accumulated Amortization—$367.0M——$444.0M$450.0M
Gross Carrying Amount—$669.0M——$669.0M$669.0M
Trademarks—$75.0M——$75.0M$75.0M
Indefinite- lived intangible impairment—$744.0M——$744.0M$744.0M
Expires, 2028—$6.4B———$5.3B
Expires, 2025—————$2.3B
Expires, 2024—$280.0M———$45.0M
Expires, 2026—$800.0M———$775.0M
Expires, 2025—$125.0M———$500.0M
Committed Revolving Credit Facilities—$7.6B———$8.9B
Long-Term Debt and Lease Obligation—$56.0B——$65.6B$67.1B
Less: current maturities—$3.1B——$6.2B$5.7B
Number Of States In Which Entity Operates—$3.0———$3.0
Other financial assets—————$10.0M
Other Cost of Removal Obligations—$1.9B——$2.0B$2.1B
Other liabilities—$13.0M———$24.0M
Other regulatory liabilities, deferred—$660.0M——$722.0M$770.0M
Prepaid expenses—$321.0M——$327.0M$411.0M
Public Utilities, Property, Plant and Equipment, Fuel————$897.0M$920.0M
Other plant in service————$307.0M$0.0
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$166.0M———$875.0M