Discontinued — last reported Q2 '20
Construction in progress
Southern Company Construction in progress decreased by 22.0% to $8.50B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 21.1%, from $10.77B to $8.50B. Over 2 years (FY 2020 to FY 2022), Construction in progress shows an upward trend with a 11.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.
Detailed definition
The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....
Peer comparison
Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.
ppe_construction_in_progressHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $9.26B | $9.61B | $8.77B | $9.34B | $9.77B | $10.77B | $10.90B | $8.50B |
| QoQ Change | — | +3.7% | -8.7% | +6.5% | +4.6% | +10.3% | +1.1% | -22.0% |
| YoY Change | — | — | — | — | +5.5% | +12.1% | +24.2% | -21.1% |
| % of PP&E (Net) | 10.3% | 10.6% | 9.6% | 10.2% | 10.5% | 11.5% | 11.5% | 8.6% |
| Share Change | — | +0.2pp | -1.0pp | +0.5pp | +0.4pp | +1.0pp | +0.0pp | -2.9pp |
Construction in progress at Other Companies
Frequently Asked Questions
- What is Southern Company's construction in progress?
- Southern Company (SO) reported construction in progress of $8.50B in Q3 2023.
- How has Southern Company's construction in progress changed year-over-year?
- Southern Company's construction in progress decreased by 21.1% year-over-year, from $10.77B to $8.50B.
- What is the long-term trend for Southern Company's construction in progress?
- Over 2 years (2020 to 2022), Southern Company's construction in progress has grown at a 11.9% compound annual growth rate (CAGR), from $8.70B to $10.90B.
- What does construction in progress mean?
- The value of capital projects currently being built but not yet in use.