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Southern Company SO Electric Utilities — Depreciation and amortization(b)

Other segment segments

Reportable Segment
$484M-3.8%
SOUTHERN POWER CO
$278M+82.9%

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UTLUtilities Operating Expense, Depreciation and Amortization
$23.3M+7.4%

Other financials

Income statement

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Revenue$8.4B+8.0%
Operating income$2.0B+0.4%
Net income$1.4B+1.6%
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$109.63B+5.7%
Enterprise value$183.9B
P/E19.6×
P/S3.5×-0.5×

Profitability

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Operating margin18.7%-2.5pp
Net margin13.1%
FCF margin-5.1%

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 so:DepreciationAndAmortizationExcludingNuclearFuel.

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 electric utilities — depreciation and amortization(b)?
Southern Company (SO) reported electric utilities — depreciation and amortization(b) of $1.22B in Q1 2026.
What does electric utilities — depreciation and amortization(b) mean?
This represents the systematic allocation of the cost of tangible and intangible assets over their useful lives within the electric utility segment. It reflects the wear and tear of power generation, transmission, and distribution infrastructure. High levels of this expense are characteristic of capital-intensive utility businesses with significant long-lived physical assets.