Summary
Southern Company (SO) reported its second-quarter 2009 results, a period characterized by the ongoing effects of the economic downturn and interest rate fluctuations. The company demonstrated resilience in its core utility operations, with regulated businesses providing a stable revenue base. However, non-regulated segments and the broader economic environment presented challenges, impacting overall profitability. Investors should note the company's focus on managing costs and maintaining a strong financial position amidst these uncertainties. Despite the challenging economic climate, Southern Company continued to make progress on its capital expenditure projects, essential for future growth and reliability. The company's management emphasized its commitment to operational efficiency and prudent financial management to navigate the prevailing economic conditions. Attention should be paid to any disclosed changes in capital spending plans or financing strategies, as these could signal shifts in the company's outlook and investment appeal.
Financial Highlights
41 data points| Revenue | $3.88B |
| Operating Expenses | $3.00B |
| Operating Income | $886.00M |
| Net Income | $494.81M |
| EPS (Basic) | $0.61 |
| EPS (Diluted) | $0.60 |
| Shares Outstanding (Basic) | 790.75M |
| Shares Outstanding (Diluted) | 792.07M |
Key Highlights
- 1The filing covers the second quarter ending June 29, 2009, providing unaudited financial statements and management's discussion and analysis.
- 2Key components of the report include condensed consolidated statements of income, cash flows, balance sheets, and comprehensive income for Southern Company and its subsidiaries.
- 3Detailed financial information is provided for major operating subsidiaries including Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company, and Southern Power Company.
- 4The report includes disclosures on market risk and controls and procedures, crucial for understanding operational and financial risks.
- 5Part II of the filing addresses legal proceedings and risk factors, offering insights into potential liabilities and business challenges.
- 6The company's management discussion and analysis is a critical section for investors to understand the operational performance, financial condition, and outlook.
- 7This filing follows the specific structure of a 10-Q report, which includes unaudited financial statements and other relevant company information for the specified quarterly period.