Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
SOSouthern Co
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Southern made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Southern filed it, with what each one means in plain English.
As filed with the SEC on Feb 19, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $75
- other income and costs: $8
- income tax: $2
- kept as profit: $14.7
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Operating Revenues | |||
| $29.6B▲ 11% | $26.7B | $25.3B | |
| Operating Expenses | |||
| $7.1B▲ 8.4% | $6.5B | $6.0B | |
| $5.5B▲ 16% | $4.8B | $4.5B | |
| $1.5B▼ 0.1% | $1.5B | $1.4B | |
| $22.3B▲ 13% | $19.7B | $19.4B | |
| $7.3B▲ 3.1% | $7.1B | $5.8B | |
| Other Income and (Expense) | |||
| $340.0M▲ 45% | $235.0M | $268.0M | |
| $112.0M▼ 19% | $139.0M | $144.0M | |
| −$3.2B▼ 18% | −$2.7B | −$2.4B | |
| $500.0M▼ 5.7% | $530.0M | $553.0M | |
| −$2.3B▼ 24% | −$1.8B | −$1.5B | |
| $5.0B▼ 4.4% | $5.2B | $4.3B | |
| $828.0M▼ 15% | $969.0M | $496.0M | |
| $4.2B▼ 2.1% | $4.3B | $3.8B | |
| −$170.0M▼ 21% | −$141.0M | −$127.0M | |
| $4.3B▼ 1.4% | $4.4B | $4.0B | |
| Earnings per share — | |||
| $3.94▼ 2.0% | $4.02 | $3.64 | |
| $3.92▼ 1.8% | $3.99 | $3.62 | |
| Average number of shares of common stock outstanding — (in millions) | |||
| 1.1B shares▲ 0.6% | 1.1B shares | 1.1B shares | |
| 1.1B shares▲ 0.6% | 1.1B shares | 1.1B shares | |
Split by Retail electric revenues, Wholesale electric revenues, Other electric revenues, Natural gas revenues and more
| Retail electric revenues | |||
|---|---|---|---|
| Sales (Total operating revenues) | $19.3B | $17.8B | $16.3B |
| Wholesale electric revenues | |||
| Sales (Total operating revenues) | $2.9B | $2.4B | $2.5B |
| Other electric revenues | |||
| Sales (Total operating revenues) | $953.0M | $896.0M | $792.0M |
| Natural gas revenues | |||
| Sales (Total operating revenues) | $5.0B | $4.5B | $4.7B |
| Other revenues | |||
| Sales (Total operating revenues) | $1.3B | $1.2B | $949.0M |
| Cost of making what it sold (Cost of sales) | $687.0M | $668.0M | $560.0M |
| Fuel | |||
| Cost of making what it sold (Cost of sales) | $4.9B | $4.1B | $4.4B |
| Purchased power | |||
| Cost of making what it sold (Cost of sales) | $980.0M | $883.0M | $883.0M |
| Natural gas | |||
| Cost of making what it sold (Cost of sales) | $1.6B | $1.2B | $1.6B |
Every line as the company filed it (USD ($), shares in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| $4.2B | $4.3B | $3.8B | |
| Qualifying hedges | |||
| $26.0M | −$5.0M | −$41.0M | |
| −$33.0M | $80.0M | $69.0M | |
| Pension and other postretirement benefit plans | |||
| $10.0M | $23.0M | −$39.0M | |
| $0 | $1.0M | $1.0M | |
| $3.0M | $99.0M | −$10.0M | |
| −$170.0M | −$141.0M | −$127.0M | |
| $4.3B | $4.5B | $4.0B | |