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Southern Company SO Traditional Electric Operating Companies — Depreciation and amortization(b)

Other segment segments

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

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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+1.6%
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 traditional electric operating companies — depreciation and amortization(b)?
Southern Company (SO) reported traditional electric operating companies — depreciation and amortization(b) of $942M in Q1 2026.
What does traditional electric operating companies — depreciation and amortization(b) mean?
The non-cash expense allocated to the wear and tear of the utility's massive capital asset base, such as power plants and transmission lines. This reflects the systematic reduction in the book value of long-lived infrastructure over its useful life.