What is Southern Company's accrued expenses?

Southern Company (SO) reported accrued expenses of $862.00M in Q3 2023.

How has Southern Company's accrued expenses changed year-over-year?

Southern Company's accrued expenses decreased by 2.3% year-over-year, from $882.00M to $862.00M.

What is the long-term trend for Southern Company's accrued expenses?

Over 2 years (2020 to 2022), Southern Company's accrued expenses has grown at a 4.5% compound annual growth rate (CAGR), from $699.00M to $764.00M.

What does accrued expenses mean?

Expenses the company has incurred but has not yet received a bill for or paid.

Discontinued — last reported Q3 '19

Current Liabilities

Accrued Expenses

Southern Company Accrued Expenses increased by 12.8% to $862.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 2.3%, from $882.00M to $862.00M. Over 2 years (FY 2020 to FY 2022), Accrued Expenses shows relatively stable performance with a 4.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Liabilities

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ4 2014

Last reportedQ3 2019

How to read this metric

A steady balance is normal, but a rapid increase could indicate rising operational costs or delays in vendor invoicing.

Detailed definition

This represents liabilities for expenses that have been incurred but not yet invoiced or paid, such as utilities, profes...

Peer comparison

Standard current liability found in almost all corporate balance sheets.

Metric ID: accrued_expenses

Historical Data

8 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23
Value	$589.00M	$797.00M	$641.00M	$415.00M	$635.00M	$882.00M	$764.00M	$862.00M
QoQ Change	—	+35.3%	-19.6%	-35.3%	+53.0%	+38.9%	-13.4%	+12.8%
YoY Change	—	—	—	—	+7.8%	+10.7%	+19.2%	-2.3%

Range$415.00M – $882.00M

CAGR+24.3%

Avg YoY Growth+8.8%

Median YoY Growth+9.2%

Frequently Asked Questions

What is Southern Company's accrued expenses?: Southern Company (SO) reported accrued expenses of $862.00M in Q3 2023.
How has Southern Company's accrued expenses changed year-over-year?: Southern Company's accrued expenses decreased by 2.3% year-over-year, from $882.00M to $862.00M.
What is the long-term trend for Southern Company's accrued expenses?: Over 2 years (2020 to 2022), Southern Company's accrued expenses has grown at a 4.5% compound annual growth rate (CAGR), from $699.00M to $764.00M.
What does accrued expenses mean?: Expenses the company has incurred but has not yet received a bill for or paid.