Southern Historical Cash Flow
| SO Stock | USD 88.42 0.82 0.94% |
Analysis of Southern cash flow over time is an excellent tool to project Southern future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Total Cash From Operating Activities of 4.7 B or Net Income of 2.1 B as it is a great indicator of Southern ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Southern latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southern is a good buy for the upcoming year.
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About Southern Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Southern balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Southern's non-liquid assets can be easily converted into cash.
Southern Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Southern to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Southern operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Southern financial statement analysis. It represents the amount of money remaining after all of Southern Company operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Southern's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Southern current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Southern's Change To Operating Activities is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 7.2B | 7.9B | 9.1B | 4.9B | Dividends Paid | 2.8B | 2.9B | 3.0B | 1.7B |
Southern cash flow statement Correlations
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Southern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | 6.2B | 8.7B | 9.1B | (298M) | 10.3B | 10.8B | |
| Change To Inventory | (76M) | (186M) | (603M) | (127M) | (605M) | (574.8M) | |
| Change In Cash | 459M | (910M) | 761M | 208M | (1.1B) | (1.1B) | |
| Free Cash Flow | (1.8B) | (745M) | (1.1B) | (1.6B) | (1.5B) | (1.5B) | |
| Change In Working Capital | 162M | (389M) | (990M) | 160M | (135M) | (128.3M) | |
| Begin Period Cash Flow | 1.5B | 2.0B | 1.1B | 1.8B | 2.0B | 2.1B | |
| Other Non Cash Items | (3.9B) | (136M) | 494M | (2.2B) | (1.8B) | (1.7B) | |
| Dividends Paid | 2.6B | 2.7B | 2.8B | 2.9B | 3.0B | 1.7B | |
| Capital Expenditures | 7.6B | 7.4B | 7.2B | 7.9B | 9.1B | 4.9B | |
| Total Cash From Operating Activities | 5.8B | 6.7B | 6.2B | 6.3B | 7.6B | 4.7B | |
| Net Income | 4.7B | 3.1B | 2.3B | 3.4B | 4.0B | 2.1B | |
| Total Cash From Financing Activities | (1.9B) | (576M) | 1.9B | 2.3B | 999M | 821.9M | |
| End Period Cash Flow | 2.0B | 1.1B | 1.8B | 2.0B | 921M | 920.4M | |
| Stock Based Compensation | 125M | 107M | 113M | 144M | 127M | 77M | |
| Depreciation | 3.3B | 3.9B | 4.0B | 4.1B | 5.0B | 5.2B | |
| Change To Account Receivables | 630M | (36M) | (354M) | (769M) | 590M | 619.5M | |
| Change To Liabilities | (641M) | 49M | (57M) | 1.2B | 1.4B | 1.4B | |
| Change To Netincome | (3.4B) | (1.1B) | (946M) | (343M) | (308.7M) | (324.1M) | |
| Other Cashflows From Investing Activities | 2.4B | 4.3B | 497M | (108M) | (568.1M) | (539.7M) | |
| Total Cashflows From Investing Activities | (3.4B) | (7.0B) | (7.4B) | (8.4B) | (7.6B) | (8.0B) | |
| Investments | (154M) | (86M) | (5M) | (13M) | (9.2B) | (8.7B) | |
| Change Receivables | 630M | (222M) | (81M) | (769M) | (692.1M) | (657.5M) | |
| Net Borrowings | 13M | 2.3B | 4.2B | 4.1B | 3.7B | 2.5B | |
| Cash And Cash Equivalents Changes | 459M | (910M) | 761M | 208M | 187.2M | 196.6M | |
| Cash Flows Other Operating | 295M | 742M | 813M | (1.1B) | (949.5M) | (902.0M) | |
| Change To Operating Activities | 184M | (196M) | (244M) | 142M | 127.8M | 134.2M | |
| Issuance Of Capital Stock | 844M | 74M | 73M | 1.8B | 31M | 29.5M |
Pair Trading with Southern
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern will appreciate offsetting losses from the drop in the long position's value.Moving together with Southern Stock
Moving against Southern Stock
The ability to find closely correlated positions to Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southern Company to buy it.
The correlation of Southern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Southern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.078 | Dividend Share 2.84 | Earnings Share 4.29 | Revenue Per Share 24.135 | Quarterly Revenue Growth 0.042 |
The market value of Southern is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern's value that differs from its market value or its book value, called intrinsic value, which is Southern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern's market value can be influenced by many factors that don't directly affect Southern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.