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Southern Company SO Operating Lease Liabilities

Operating Lease Liabilities at other companies

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$409M-3.8%
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$1.03B-1.7%
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Other financials

Income statement

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Revenue$8.4B+8.0%
Operating income$2.0B+0.4%
Net income$1.4B+1.7%
EPS (diluted)$1.20-0.8%

Balance sheet

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Cash & equivalents$987.0M-57.7%
Total debt$75.3B
Total equity$39.9B+7.2%
Total assets$157.03B

Cash flow

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Operating cash flow$1.2B-1.9%
CapEx$2.9B+20.8%
Free cash flow-$1.7B-44.7%

Valuation

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Market cap$104.94B+7.1%
Enterprise value$179.21B
P/E18.8×
P/S3.3×-0.4×

Profitability

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Operating margin18.7%-2.5pp
Net margin13.1%

Returns & leverage

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Return on equity9%
Debt / equity1.9×
Current ratio0.7×

Where this comes from

Reported directly by Southern Company in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The official record: Southern Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern Company's operating lease liabilities?
Southern Company (SO) reported operating lease liabilities of $1.28B in Q1 2026.
What is the long-term trend for Southern Company's operating lease liabilities?
Over 3 years (2020 to 2025), Southern Company's operating lease liabilities has grown at a -7.2% compound annual growth rate (CAGR), from $1.61B to $1.29B.
What does operating lease liabilities mean?
The portion of operating lease payments due after one year.
How do you interpret operating lease liabilities?
An increase indicates a larger long-term commitment to leased assets, which may be part of a strategy to preserve capital rather than purchasing assets.
How does operating lease liabilities compare across companies?
Standardized under ASC 842; comparable across all companies with significant long-term lease commitments.