Summary
Southern Company (SO) filed its quarterly report for the period ending September 29, 2010. The filing provides unaudited financial statements and management's discussion and analysis (MD&A) for the company and its major subsidiaries, including Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Southern Power. Investors should note the detailed financial performance and operational insights presented within these sections, which are crucial for understanding the company's financial health and strategic direction during the third quarter of 2010. The report covers key financial statements such as the Condensed Consolidated Statements of Income, Cash Flows, and Balance Sheets, offering a snapshot of the company's earnings, liquidity, and financial position. The MD&A section is particularly important as it provides management's perspective on the factors affecting financial condition and results of operations, including any material changes, risks, and future outlook. Investors seeking to evaluate SO's performance should focus on revenue trends, expense management, debt levels, and capital expenditures as detailed in these documents.
Financial Highlights
41 data points| Revenue | $5.32B |
| Operating Expenses | $3.86B |
| Operating Income | $1.46B |
| Net Income | $834.00M |
| EPS (Basic) | $0.98 |
| EPS (Diluted) | $0.97 |
| Shares Outstanding (Basic) | 836.00M |
| Shares Outstanding (Diluted) | 842.00M |
Key Highlights
- 1The report includes unaudited condensed consolidated financial statements for Southern Company and its subsidiaries, covering the period ending September 29, 2010.
- 2Detailed Management's Discussion and Analysis (MD&A) is provided for Southern Company and its major utility operating companies (Alabama Power, Georgia Power, Gulf Power, Mississippi Power) and Southern Power.
- 3The filing contains Condensed Consolidated Statements of Income, Cash Flows, and Balance Sheets, offering insights into the company's profitability, liquidity, and financial position.
- 4Specific financial data for individual subsidiary companies is presented, allowing for a granular understanding of regional performance.
- 5Notes to the Condensed Financial Statements provide crucial supplementary information and detail regarding accounting policies and significant transactions.
- 6The report addresses Market Risk disclosures (Item 3) and Controls and Procedures (Item 4/4T).
- 7Part II outlines Legal Proceedings (Item 1) and Risk Factors (Item 1A), which are important for understanding potential challenges and uncertainties facing the company.