Summary
Southern Company (SO) filed an 8-K on February 20, 2020, to report its financial results for the three-month and twelve-month periods ended December 31, 2019. The filing includes a press release and supplemental financial information, which are furnished as exhibits. Notably, the company is providing both GAAP and non-GAAP financial measures, explaining that the non-GAAP figures, which exclude certain items like acquisition impacts, charges related to plants under construction, and specific one-time events, are intended to offer investors a clearer view of ongoing business performance. Management also utilizes these non-GAAP measures for performance evaluation.
Key Highlights
- 1Southern Company released its Q4 and full-year 2019 financial results on February 20, 2020.
- 2The filing includes a press release (Exhibit 99.01) and detailed financial exhibits (99.02-99.07).
- 3The company is presenting both GAAP and non-GAAP earnings and EPS figures.
- 4Non-GAAP measures exclude items such as acquisition/disposition impacts, charges for plants under construction, and specific one-time gains or losses.
- 5Southern Company believes non-GAAP measures enhance the understanding of ongoing business operations for investors and management.
- 6An earnings presentation with 2020 guidance was also posted on the investor relations website.
- 7The filing provides segment information for key subsidiaries including Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.