10-QPeriod: Q3 FY2011

SOUTHERN CO Quarterly Report for Q3 Ended Sep 30, 2011

Filed November 7, 2011For Securities:SOSOJESOJFSOJCSOJDSOMN

Summary

Southern Company (SO) reported its third-quarter 2011 results, providing an update on its financial performance and operational conditions. The filing details the financial statements for the parent company and its various utility subsidiaries, including Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Southern Power. Investors should note the "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections for each entity, as these offer crucial insights into the factors driving revenues, expenses, and profitability. The report covers the period ending September 29, 2011, and includes unaudited financial statements. Key areas of focus for investors typically include revenue trends, operating expenses, net income, cash flow from operations, and the company's overall financial position as presented in the consolidated balance sheets. The "Quantitative and Qualitative Disclosures about Market Risk" section will also be important for understanding potential impacts from interest rate fluctuations, commodity prices, and other market-sensitive factors.

Financial Highlights

42 data points
Beta

Revenue

$5.43B

Net Income

$933.00M

17.2% Net Margin

EPS (Diluted)

$1.06

Total Assets

$57.34B

Cash & Equivalents

$1.52B

Free Cash Flow

$1.22B

Financial Statements
Beta
Revenue$5.43B
Operating Expenses$3.78B
Operating Income$1.65B
Net Income$933.00M
EPS (Basic)$1.07
EPS (Diluted)$1.06
Shares Outstanding (Basic)860.00M
Shares Outstanding (Diluted)868.00M

Key Highlights

  • 1The 10-Q filing covers the unaudited financial statements for Southern Company and its major utility subsidiaries for the period ending September 29, 2011.
  • 2Key financial statements presented include Condensed Consolidated Statements of Income, Cash Flows, Balance Sheets, and Comprehensive Income.
  • 3Management's Discussion and Analysis (MD&A) sections are provided for the parent company and each significant subsidiary, offering detailed operational and financial explanations.
  • 4Investors can find information on market risk exposures, including interest rate and commodity price sensitivities, in the Quantitative and Qualitative Disclosures section.
  • 5The filing indicates no unregistered sales of equity securities or defaults upon senior securities, suggesting a stable capital structure for the reported period.
  • 6Details on legal proceedings are available in Part II, Item 1, which could be relevant for assessing potential liabilities.
  • 7The report structure allows for a deep dive into the performance of individual operating companies within the Southern Company system.

Frequently Asked Questions

This 10-Q filing provides the Securities and Exchange Commission (SEC) and investors with Southern Company's unaudited financial results and operational updates for the third quarter of 2011, covering the period ending September 29, 2011. It includes detailed financial statements and management's analysis of the company's performance and financial condition.

Information regarding Southern Company's profitability and revenue drivers can be found in the "Condensed Consolidated Statements of Income" and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections for the consolidated entity and its key subsidiaries like Alabama Power and Georgia Power.

The report includes a section on "Quantitative and Qualitative Disclosures about Market Risk" which details the company's exposure to market risks such as interest rate fluctuations and commodity prices. Additionally, "Risk Factors" in Part II, Item 1A, would outline other potential risks to the business.

Based on the provided table of contents, the filing indicates 'Inapplicable' for sections related to unregistered sales of equity securities and defaults upon senior securities. However, a thorough review of the MD&A and Legal Proceedings sections would be necessary for a complete assessment of financial health and potential issues.