What is Southern Company's accounts payable?

Southern Company (SO) reported accounts payable of $2.94B in Q3 2023.

How has Southern Company's accounts payable changed year-over-year?

Southern Company's accounts payable decreased by 4.4% year-over-year, from $3.08B to $2.94B.

What is the long-term trend for Southern Company's accounts payable?

Over 2 years (2020 to 2022), Southern Company's accounts payable has grown at a 23.5% compound annual growth rate (CAGR), from $2.31B to $3.53B.

What does accounts payable mean?

The total amount of money the company owes to its suppliers for items it has already received.

Current Liabilities

Accounts Payable

Southern Company Accounts Payable decreased by 16.5% to $2.94B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 4.4%, from $3.08B to $2.94B. Over 2 years (FY 2020 to FY 2022), Accounts Payable shows an upward trend with a 23.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Liabilities

CategoryEfficiency

SignalContext dependent

VolatilityModerate

First reportedQ3 2015

Last reportedQ4 2025

How to read this metric

An increase can indicate better credit terms or increased production volume, while a decrease might suggest faster payments or reduced purchasing.

Detailed definition

The amount of money a company owes to its suppliers and vendors for goods and services purchased on credit. In a large-s...

Peer comparison

Companies with significant supply chain leverage often maintain high payables to maximize their own cash-on-hand.

Metric ID: accounts_payable

Historical Data

8 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23
Value	$2.08B	$2.23B	$2.17B	$2.25B	$2.91B	$3.08B	$3.53B	$2.94B
QoQ Change	—	+7.4%	-2.7%	+3.8%	+29.2%	+5.9%	+14.5%	-16.5%
YoY Change	—	—	—	—	+40.1%	+38.1%	+62.5%	-4.4%

Range$2.08B – $3.53B

CAGR+22.1%

Avg YoY Growth+34.1%

Median YoY Growth+39.1%

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Frequently Asked Questions

What is Southern Company's accounts payable?: Southern Company (SO) reported accounts payable of $2.94B in Q3 2023.
How has Southern Company's accounts payable changed year-over-year?: Southern Company's accounts payable decreased by 4.4% year-over-year, from $3.08B to $2.94B.
What is the long-term trend for Southern Company's accounts payable?: Over 2 years (2020 to 2022), Southern Company's accounts payable has grown at a 23.5% compound annual growth rate (CAGR), from $2.31B to $3.53B.
What does accounts payable mean?: The total amount of money the company owes to its suppliers for items it has already received.