Southern Historical Income Statement

SO Stock  USD 89.13  0.61  0.68%   
Historical analysis of Southern income statement accounts such as EBITDA of 6.7 B, Net Income of 4.2 B or Income Tax Expense of 456.7 M can show how well Southern Company performed in making a profits. Evaluating Southern income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Southern's future profits or losses.
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Southern latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southern is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

About Southern Income Statement Analysis

Southern Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Southern shareholders. The income statement also shows Southern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Southern Income Statement Chart

At this time, Southern's Net Income is very stable compared to the past year. As of the 30th of November 2024, Depreciation And Amortization is likely to grow to about 5.2 B, while Total Revenue is likely to drop about 15.6 B.

Total Revenue

Total revenue comprises all receipts Southern generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Southern Company minus its cost of goods sold. It is profit before Southern operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Southern financial statement analysis. It represents the amount of money remaining after all of Southern Company operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most accounts from Southern's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Southern current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
At this time, Southern's Net Income is very stable compared to the past year. As of the 30th of November 2024, Depreciation And Amortization is likely to grow to about 5.2 B, while Total Revenue is likely to drop about 15.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.1B10.8B11.7B8.3B
Total Revenue23.1B29.3B25.3B15.6B

Southern income statement Correlations

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0.830.120.260.810.46-0.110.820.820.840.720.820.24-0.49-0.530.580.450.69-0.19-0.610.94-0.720.63-0.34
-0.160.120.960.60.3-0.14-0.060.01-0.27-0.23-0.260.47-0.11-0.560.160.50.17-0.090.340.11-0.070.180.04
-0.030.260.960.740.37-0.190.090.14-0.13-0.11-0.140.45-0.35-0.630.150.50.34-0.190.170.25-0.230.41-0.1
0.570.810.60.740.65-0.060.670.680.50.470.390.52-0.61-0.710.470.670.73-0.22-0.30.8-0.670.73-0.36
0.420.460.30.370.650.490.650.660.320.41-0.010.83-0.4-0.470.610.880.74-0.120.110.56-0.650.53-0.34
0.29-0.11-0.14-0.19-0.060.49-0.09-0.120.140.35-0.410.740.360.430.290.41-0.090.160.56-0.180.2-0.270.16
0.630.82-0.060.090.670.65-0.090.990.680.580.660.2-0.69-0.570.480.480.9-0.17-0.650.94-0.940.8-0.49
0.610.820.010.140.680.66-0.120.990.660.560.650.21-0.65-0.640.510.50.91-0.22-0.620.95-0.960.78-0.44
0.970.84-0.27-0.130.50.320.140.680.660.960.740.16-0.31-0.190.450.270.53-0.11-0.550.75-0.530.42-0.15
0.980.72-0.23-0.110.470.410.350.580.560.960.520.32-0.24-0.090.40.330.49-0.06-0.370.64-0.440.37-0.05
0.620.82-0.26-0.140.39-0.01-0.410.660.650.740.52-0.28-0.35-0.360.410.010.45-0.21-0.790.77-0.560.42-0.34
0.340.240.470.450.520.830.740.20.210.160.32-0.280.03-0.210.590.850.32-0.020.510.21-0.170.11-0.08
-0.28-0.49-0.11-0.35-0.61-0.40.36-0.69-0.65-0.31-0.24-0.350.030.520.05-0.21-0.760.250.61-0.60.72-0.910.58
-0.16-0.53-0.56-0.63-0.71-0.470.43-0.57-0.64-0.19-0.09-0.36-0.210.52-0.48-0.57-0.690.430.28-0.680.69-0.560.51
0.470.580.160.150.470.610.290.480.510.450.40.410.590.05-0.480.750.45-0.280.090.55-0.450.13-0.27
0.370.450.50.50.670.880.410.480.50.270.330.010.85-0.21-0.570.750.57-0.080.260.5-0.450.29-0.35
0.50.690.170.340.730.74-0.090.90.910.530.490.450.32-0.76-0.690.450.57-0.27-0.430.84-0.950.88-0.42
-0.08-0.19-0.09-0.19-0.22-0.120.16-0.17-0.22-0.11-0.06-0.21-0.020.250.43-0.28-0.08-0.270.16-0.240.34-0.230.26
-0.43-0.610.340.17-0.30.110.56-0.65-0.62-0.55-0.37-0.790.510.610.280.090.26-0.430.16-0.650.58-0.590.4
0.720.940.110.250.80.56-0.180.940.950.750.640.770.21-0.6-0.680.550.50.84-0.24-0.65-0.880.74-0.44
-0.48-0.72-0.07-0.23-0.67-0.650.2-0.94-0.96-0.53-0.44-0.56-0.170.720.69-0.45-0.45-0.950.340.58-0.88-0.860.4
0.410.630.180.410.730.53-0.270.80.780.420.370.420.11-0.91-0.560.130.290.88-0.23-0.590.74-0.86-0.38
-0.13-0.340.04-0.1-0.36-0.340.16-0.49-0.44-0.15-0.05-0.34-0.080.580.51-0.27-0.35-0.420.260.4-0.440.4-0.38
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Southern Account Relationship Matchups

Southern income statement Accounts

201920202021202220232024 (projected)
Total Revenue21.4B20.4B23.1B29.3B25.3B15.6B
Gross Profit9.6B9.9B10.1B10.8B11.7B8.3B
Operating Income5.7B4.9B3.7B5.4B5.8B3.6B
Ebit5.5B5.3B4.3B5.9B6.8B3.6B
Ebitda8.8B9.2B8.3B10.0B11.7B6.7B
Net Income4.8B3.1B2.4B3.5B4.0B4.2B
Income Tax Expense1.8B393M267M795M496M456.7M
Depreciation And Amortization3.3B3.9B4.0B4.1B5.0B5.2B
Interest Expense1.7B1.8B1.8B2.0B2.4B2.6B
Other Operating Expenses16.1B15.6B19.6B23.7B19.4B13.9B
Cost Of Revenue11.8B10.5B13.1B18.5B13.5B9.5B
Total Operating Expenses4.3B5.1B6.5B5.3B5.9B4.4B
Income Before Tax6.5B3.5B2.6B4.2B4.3B2.9B
Total Other Income Expense Net793M(1.4B)(1.1B)(1.1B)(1.5B)(1.4B)
Net Income Applicable To Common Shares4.7B3.1B2.4B3.5B4.1B2.2B
Selling General Administrative3.8B1.2B1.3B1.4B1.6B1.1B
Net Income From Continuing Ops4.7B3.1B2.3B3.4B2.9B2.8B
Non Operating Income Net Other542M432M715M875M1.0B1.1B
Minority Interest(10M)(31M)(99M)(107M)120M114M
Tax Provision1.8B393M267M795M396M567.6M
Interest Income1.6B1.7B1.8B1.9B2.2B1.7B
Net Interest Income(1.7B)(1.8B)(1.8B)(2.0B)(2.4B)(2.5B)
Reconciled Depreciation3.3B3.9B4.0B4.1B4.7B4.2B

Pair Trading with Southern

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern will appreciate offsetting losses from the drop in the long position's value.

Moving together with Southern Stock

  0.84D Dominion EnergyPairCorr
  0.76ED Consolidated EdisonPairCorr
The ability to find closely correlated positions to Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southern Company to buy it.
The correlation of Southern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Southern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.078
Dividend Share
2.84
Earnings Share
4.29
Revenue Per Share
24.135
Quarterly Revenue Growth
0.042
The market value of Southern is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern's value that differs from its market value or its book value, called intrinsic value, which is Southern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern's market value can be influenced by many factors that don't directly affect Southern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.