Non-Current Assets
Special Use Funds
Southern Company Special Use Funds increased by 2.9% to $2.21B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $2.03B to $2.21B. Over 2 years (FY 2020 to FY 2022), Special Use Funds shows relatively stable performance with a -3.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
Growth in these funds generally aligns with the funding requirements for long-term environmental or decommissioning liabilities.
Detailed definition
These are assets held in restricted accounts, typically earmarked for specific long-term obligations such as nuclear dec...
Peer comparison
Common in industries with significant environmental or decommissioning responsibilities, such as nuclear power or mining.
Metric ID:
special_use_fundsHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2.46B | $2.45B | $2.54B | $2.40B | $2.15B | $2.03B | $2.15B | $2.21B |
| QoQ Change | — | -0.4% | +3.9% | -5.5% | -10.5% | -5.5% | +5.6% | +2.9% |
| YoY Change | — | — | — | — | -12.5% | -17.0% | -15.6% | +8.7% |
Range$2.03B – $2.54B
CAGR-5.9%
Avg YoY Growth-9.1%
Median YoY Growth-14.1%
Current Streak2 quarters growth
Special Use Funds at Other Companies
Frequently Asked Questions
- What is Southern Company's special use funds?
- Southern Company (SO) reported special use funds of $2.21B in Q3 2023.
- How has Southern Company's special use funds changed year-over-year?
- Southern Company's special use funds increased by 8.7% year-over-year, from $2.03B to $2.21B.
- What is the long-term trend for Southern Company's special use funds?
- Over 2 years (2020 to 2022), Southern Company's special use funds has grown at a -3.5% compound annual growth rate (CAGR), from $2.30B to $2.15B.
- What does special use funds mean?
- Money or assets set aside in restricted accounts for specific future obligations like environmental cleanup.