Southern Company Cash Flow Quality Index
Southern Company cash flow quality index. Southern Company (SO) has a Cash Flow Quality Index of 2.21x as of September 2025. Operating cash flow of $3.77 Billion exceeds net income of $1.71 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Southern Company to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Southern Company (1994–2024)
Cash flow quality index of Southern Company from 1994 to 2024. Historical Cash Flow Quality Index for Southern Company across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. See Southern Company balance sheet quality to measure how much of total assets are equity-financed.
Southern Company Cash Flow Quality Index by Year (1994–2024)
Southern Company cash flow quality index by year from 1994 to 2024. Year-by-year earnings quality comparison for Southern Company. For the full cash flow conversion analysis, see how efficiently does Southern Company generate cash.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.30x | $9.79 Billion | $4.26 Billion | ▲ +21.0% |
| 2023 | 1.90x | $7.55 Billion | $3.98 Billion | ▲ +3.3% |
| 2022 | 1.84x | $6.30 Billion | $3.43 Billion | ▼ -31.2% |
| 2021 | 2.67x | $6.17 Billion | $2.31 Billion | ▲ +23.8% |
| 2020 | 2.16x | $6.70 Billion | $3.10 Billion | ▲ +77.1% |
| 2019 | 1.22x | $5.78 Billion | $4.74 Billion | ▼ -59.6% |
| 2018 | 3.02x | $6.95 Billion | $2.30 Billion | ▼ -56.3% |
| 2017 | 6.91x | $6.39 Billion | $926.00 Million | ▲ +256.9% |
| 2016 | 1.94x | $4.89 Billion | $2.53 Billion | ▼ -24.9% |
| 2015 | 2.58x | $6.27 Billion | $2.44 Billion | ▼ -10.0% |
| 2014 | 2.86x | $5.82 Billion | $2.03 Billion | ▼ -19.7% |
| 2013 | 3.57x | $6.10 Billion | $1.71 Billion | ▲ +75.8% |
| 2012 | 2.03x | $4.90 Billion | $2.42 Billion | ▼ -22.1% |
| 2011 | 2.60x | $5.90 Billion | $2.27 Billion | ▲ +33.0% |
| 2010 | 1.96x | $3.99 Billion | $2.04 Billion | ▲ +2.4% |
| 2009 | 1.91x | $3.26 Billion | $1.71 Billion | ▼ -2.1% |
| 2008 | 1.95x | $3.40 Billion | $1.74 Billion | ▼ -0.4% |
| 2007 | 1.96x | $3.40 Billion | $1.73 Billion | ▲ +9.2% |
| 2006 | 1.79x | $2.82 Billion | $1.57 Billion | ▲ +12.7% |
| 2005 | 1.59x | $2.53 Billion | $1.59 Billion | ▼ -9.5% |
| 2004 | 1.76x | $2.69 Billion | $1.53 Billion | ▼ -15.5% |
| 2003 | 2.08x | $3.07 Billion | $1.47 Billion | ▼ -3.2% |
| 2002 | 2.15x | $2.83 Billion | $1.32 Billion | ▲ +13.7% |
| 2001 | 1.89x | $2.38 Billion | $1.26 Billion | ▼ -12.0% |
| 2000 | 2.15x | $2.82 Billion | $1.31 Billion | ▲ +0.6% |
| 1999 | 2.13x | $2.72 Billion | $1.28 Billion | ▼ -24.1% |
| 1998 | 2.81x | $2.75 Billion | $977.00 Million | ▲ +4.1% |
| 1997 | 2.70x | $2.62 Billion | $972.00 Million | ▲ +26.8% |
| 1996 | 2.13x | $2.40 Billion | $1.13 Billion | ▲ +1.5% |
| 1995 | 2.10x | $2.31 Billion | $1.10 Billion | ▼ -1.7% |
| 1994 | 2.13x | $2.11 Billion | $989.00 Million | — |