SO Free cash flow
Free cash flow at Southern Company fell to −$2.9B in fiscal 2025, the lowest in the 5 years reported, from $833M in 2024.
Not a GAAP measure. Derived here as operating cash flow less capital expenditure, both as filed; the arithmetic is shown in the table.
SOURCE: us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment · EDGAR CompanyFacts · CIK 92122 · EDGAR ↗ · FY2021–FY2025 · ANNUAL
History AS FILED · DERIVATION SHOWN WHERE DERIVED
| Fiscal year | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|
| FY2025 | $9.8B | −$12.7B | −$2.9B |
| FY2024 | $9.8B | −$9.0B | $833M |
| FY2023 | $7.6B | −$9.1B | −$1.5B |
| FY2022 | $6.3B | −$7.9B | −$1.6B |
| FY2021 | $6.2B | −$7.6B | −$1.4B |
Cross-checks touching this measure FROM THE FILING REVIEW
◐ PARTLYGeorgia Power capex
The quoted figures do not map one-for-one onto a filed line on this page; carried as partly supported.
FY2025 10-K · FULL RECONCILIATION →◐ PARTLYSouthern Power capex projects
The quoted figures do not map one-for-one onto a filed line on this page; carried as partly supported. The source sentence carries qualifiers beyond the 40-word quote limit; carried as partly supported.
FY2025 10-K · FULL RECONCILIATION →✗ RED FLAGCapital returned vs free cash flow
Free cash flow was negative in the current year while capital was returned — the multiple is shown for arithmetic only and is not meaningful as a ratio. The flag marks the combination. Management's own account touching these lines appears in the "Georgia Power capex" claim on this page (partial); this page has not independently verified it.
FY2025 10-K · FULL RECONCILIATION →✓ CLEANCash conversion stability
OCF ÷ NI ran 2.35× · 2.30× · 1.96× across three years — swing 0.39×, inside the 1.00× threshold.
FY2025 10-K · FULL RECONCILIATION →More SAME DATA, OTHER VIEWS
Free cash flow across coverage → · SO company view →
Revenue · Net income · Operating cash flow · Capital expenditure · Cash & equivalents · Total assets · Shareholders' equity · Total debt · Return on equity
Not investment advice. Every figure on this page is an XBRL fact from the issuer's own SEC filings or an arithmetic over such facts with the method shown. No forecast is made; no posture is expressed.