Income StatementBalance SheetCash FlowSegments
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Southern Company Cash Flow Statement

Operating, investing, and financing cash movements

Southern Company generated $5.9B in operating cash flow over the trailing twelve months. After $9.5B in capital expenditures, free cash flow was -$3.6B. Free cash flow decreased 1.9% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$6.1BNet Cash From Investing (TTM)-$7.5BNet Cash From Financing (TTM)$1.3BCapital Expenditures (TTM)$7.5BDepreciation And Amortization Cf (TTM)$4.1BNet Change In Cash-$653.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$106.59B
P/E Ratio19.05
ROE14.87%

Operating

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Other non-cash income (expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Allowance for equity funds used during construction$51.0M$53.0M$59.0M$66.0M$73.0M$121.0M
Change in accounts payable$132.0M$571.0M$102.0M—-$394.0M-$555.0M
Change in accrued compensation-$470.0M———-$537.0M-$599.0M
Change in income taxes payable/receivable————-$418.0M-$408.0M
Change in other assets-$87.0M—$322.0M—-$66.0M$27.0M
Change in other liabilities$35.0M—-$112.0M—-$37.0M-$4.0M
Other working capital changes-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Change in prepaid expenses$86.0M$4.0M——$120.0M$98.0M
Change in receivables$217.0M$420.0M——-$7.0M-$124.0M
Deferred income taxes$40.0M$200.0M$368.0M—$351.0M$168.0M
Depreciation and amortization$989.0M$1.0B$1.1B—$1.4B$1.6B
Other Non-Cash Income (Expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Other Non-cash Income (Expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Other Non-cash Income (Expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Net cash from operating activities$1.6B$2.0B$1.4B—$1.3B$1.2B
Net income$991.0M$1.1B$1.5B$1.4B$1.3B$1.3B
Other non-cash income (expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Asset Retirement Obligation, Cash Paid to Settle$87.0M$111.0M$116.0M—$134.0M$133.0M
Accrued compensation-$470.0M———-$537.0M-$599.0M
Income and other taxes————-$418.0M-$408.0M
Customer refunds————-$95.0M$5.0M
Increase (Decrease) in Other Operating Assets-$87.0M—$322.0M—-$66.0M$27.0M
Increase (Decrease) in over Energy Recovery————$179.0M$27.0M
Increase (Decrease) in Prepaid Expense$86.0M$4.0M——$120.0M$98.0M
Increase (Decrease) Retail Fuel Cost Under Recovery Short Term————-$71.0M-$63.0M
Increase (Decrease) in Energy Related Inventory, Natural Gas in Storage-$450.0M—$471.0M—-$365.0M-$355.0M
Other Noncash Income (Expense)-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity$51.0M$53.0M$59.0M$66.0M$73.0M$121.0M
Stock Option Plan Expense$85.0M$15.0M$16.0M—$90.0M$97.0M
Storm Damage Cost Recovery, Noncurrent————$173.0M$93.0M
Other Non-cash Income and Expense-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Pension and postretirement benefit expense-$123.0M-$88.0M-$111.0M—-$149.0M-$149.0M
Other Non-Cash Adjustments-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Other Non-Cash Income and Expense-$7.0M-$14.0M$140.0M—$1.0M$25.0M
Stock-based compensation$85.0M$15.0M$16.0M—$90.0M$97.0M
Change in materials and supplies$28.0M$81.0M$29.0M—-$11.0M$85.0M
Change in Interest Payable-$128.0M———-$82.0M-$180.0M

Financing

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Proceeds from other short-term debt$850.0M$350.0M——$0.0$350.0M
Repayments of other short-term debt$100.0M$300.0M$500.0M—$0.0$50.0M
Repayments of Other Short-Term Debt$100.0M$300.0M$500.0M—$0.0$50.0M
Proceeds from other short-term debt$850.0M$350.0M——$0.0$350.0M
Repayments of other short-term debt$100.0M$300.0M$500.0M—$0.0$50.0M
Proceeds from issuance of debt$700.0M$1.5B$1.6B—$4.6B$2.4B
Repayments of debt$977.0M$874.0M$81.0M—$35.0M$1.3B
Distributions to noncontrolling interests$97.0M$18.0M$60.0M—$37.0M$47.0M
Dividends paid$702.0M$723.0M$741.0M—$736.0M$776.0M
Payments to Noncontrolling Interests$97.0M$18.0M$60.0M—$37.0M$47.0M
Proceeds from new debt$700.0M$1.5B$1.6B—$4.6B$2.4B
Proceeds from other short-term debt$850.0M$350.0M——$0.0$350.0M
Other, net-$115.0M-$104.0M-$16.0M—-$133.0M-$191.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$977.0M$874.0M$81.0M—$35.0M$1.3B
Repayments Of Notes Payable————$841.0M—
Payment of Deferred Purchase Consideration-$115.0M-$104.0M-$16.0M—-$133.0M-$191.0M
Noncontrolling interest transactions and other-$115.0M-$104.0M-$16.0M—-$133.0M-$191.0M
Proceeds from Notes Payable$137.0M$126.0M———$653.0M
Repayments of Other Short-term Debt$100.0M$300.0M$500.0M—$0.0$50.0M
Net cash from financing activities-$193.0M-$20.0M$1.3B—$2.8B$1.5B
Other financing activities-$115.0M-$104.0M-$16.0M—-$133.0M-$191.0M
Noncontrolling Interests Activity and Other-$115.0M-$104.0M-$16.0M—-$133.0M-$191.0M
Proceeds from short-term borrowings$850.0M$350.0M——$0.0$350.0M
Proceeds from issuance of common stock$38.0M$23.0M$1.7B—$30.0M$535.0M
Proceeds from Bridge Loan$850.0M$350.0M——$0.0$350.0M
Repayments of Other Short-Term Debt$100.0M$300.0M$500.0M—$0.0$50.0M
Proceeds from Other Short-Term Debt$850.0M$350.0M——$0.0$350.0M
Repayments of Other Short-Term Debt$100.0M$300.0M$500.0M—$0.0$50.0M
Repayments of other short-term debt$100.0M$300.0M$500.0M—$0.0$50.0M

Supplemental

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Capital expenditures incurred but not yet paid$863.0M—$35.0M—$940.0M$1.0B
ROU assets obtained - finance leases————$13.0M$2.0M
ROU assets obtained - operating leases————$87.0M$41.0M
Income taxes paid-$8.0M$165.0M$3.0M—-$1.0M$0.0
Interest paid$515.0M$321.0M$589.0M—$756.0M$901.0M
ROU Asset Obtained for Finance Lease Liability————$13.0M$2.0M
Capital expenditures incurred but not yet paid$863.0M—$35.0M—$940.0M$1.0B
Capital Expenditures Incurred but Not Yet Paid$863.0M—$35.0M—$940.0M$1.0B
ROU Asset Obtained for Lease Liability————$87.0M$41.0M
Income Taxes Paid, Net-$8.0M$165.0M$3.0M—-$1.0M$0.0
Pension And Other Postretirement Benefit Expense-$123.0M-$88.0M-$111.0M—-$149.0M-$149.0M

Investing

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Capital expenditures$1.4B$1.8B$2.3B—$2.4B$2.9B
Construction payables$23.0M———-$161.0M-$251.0M
Payment for (Proceeds from) Other Investing Activity-$110.0M—$159.0M—$68.0M$60.0M
Payments for Removal Costs$227.0M$150.0M$141.0M—$168.0M$166.0M
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$294.0M$334.0M$230.0M—$361.0M$442.0M
Proceeds from Decommissioning Trust Fund Assets$289.0M$335.0M$230.0M—$361.0M$442.0M
Proceeds from Special Use Funds$289.0M$335.0M$230.0M—$361.0M$442.0M
Payments for Decommissioning Trust Investments$294.0M$334.0M$230.0M—$361.0M$442.0M
Net cash from investing activities-$1.6B-$1.9B-$2.5B—-$2.8B-$3.4B
Other investing activities-$110.0M—$159.0M—$68.0M$60.0M

Other

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Net increase (decrease) in cash-$156.0M—$278.0M—$1.2B-$653.0M
Leased assets obtained in exchange for operating lease liabilities————$87.0M$41.0M
Issuance of common stock for the acquisition of Ansys————$55.0M$54.0M

Free Cash Flow

MetricQ1 '22Q2 '22Q3 '22Q3 '23Q1 '25Q1 '26
Free cash flow$173.0M$193.0M-$851.0M—-$1.2B-$1.7B