Southern Company (SO) — Cash Flow Reinvestment Rate
Southern Company (SO) has a Cash Flow Reinvestment Rate of 1.92x as of September 2025, reinvesting $7.25 Billion (capex $3.39 Billion plus investments $-3.87 Billion) from operating cash flow of $3.77 Billion. Explore SO capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Southern Company Cash Flow Reinvestment Rate (1994–2024)
Historical reinvestment intensity for Southern Company across 31 annual periods. Also explore SO total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Southern Company (1994–2024)
Year-by-year capital reinvestment analysis for Southern Company. For live market cap and broader valuation context, see SO stock market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.88x | $18.36 Billion | $9.79 Billion | $8.96 Billion | ▼ -22.6% |
| 2023 | 2.42x | $18.29 Billion | $7.55 Billion | $9.10 Billion | ▲ +92.3% |
| 2022 | 1.26x | $7.94 Billion | $6.30 Billion | $7.92 Billion | ▲ +7.2% |
| 2021 | 1.17x | $7.25 Billion | $6.17 Billion | $7.24 Billion | ▲ +4.5% |
| 2020 | 1.12x | $7.53 Billion | $6.70 Billion | $7.44 Billion | ▼ -15.7% |
| 2019 | 1.33x | $7.71 Billion | $5.78 Billion | $7.55 Billion | ▲ +14.0% |
| 2018 | 1.17x | $8.12 Billion | $6.95 Billion | $8.00 Billion | ▼ -1.4% |
| 2017 | 1.19x | $7.58 Billion | $6.39 Billion | $7.42 Billion | ▼ -78.8% |
| 2016 | 5.59x | $27.36 Billion | $4.89 Billion | $7.31 Billion | ▲ +374.0% |
| 2015 | 1.18x | $7.40 Billion | $6.27 Billion | $7.39 Billion | ▲ +14.7% |
| 2014 | 1.03x | $5.98 Billion | $5.82 Billion | $5.98 Billion | ▲ +14.7% |
| 2013 | 0.90x | $5.46 Billion | $6.10 Billion | $5.46 Billion | ▼ -8.7% |
| 2012 | 0.98x | $4.81 Billion | $4.90 Billion | $4.81 Billion | ▲ +28.1% |
| 2011 | 0.77x | $4.53 Billion | $5.90 Billion | $4.53 Billion | ▼ -25.1% |
| 2010 | 1.02x | $4.09 Billion | $3.99 Billion | $4.09 Billion | ▼ -28.5% |
| 2009 | 1.43x | $4.67 Billion | $3.26 Billion | $4.67 Billion | ▲ +22.8% |
| 2008 | 1.17x | $3.96 Billion | $3.40 Billion | $3.96 Billion | ▲ +11.6% |
| 2007 | 1.04x | $3.54 Billion | $3.40 Billion | $3.54 Billion | ▼ -1.7% |
| 2006 | 1.06x | $2.99 Billion | $2.82 Billion | $2.99 Billion | ▲ +13.3% |
| 2005 | 0.94x | $2.37 Billion | $2.53 Billion | $2.37 Billion | ▲ +19.5% |
| 2004 | 0.78x | $2.11 Billion | $2.69 Billion | $2.11 Billion | ▲ +20.0% |
| 2003 | 0.65x | $2.00 Billion | $3.07 Billion | $2.00 Billion | ▼ -32.0% |
| 2002 | 0.96x | $2.72 Billion | $2.83 Billion | $2.72 Billion | ▼ -12.6% |
| 2001 | 1.10x | $2.62 Billion | $2.38 Billion | $2.62 Billion | ▲ +39.0% |
| 2000 | 0.79x | $2.23 Billion | $2.82 Billion | $2.23 Billion | ▼ -16.0% |
| 1999 | 0.94x | $2.56 Billion | $2.72 Billion | $2.56 Billion | ▲ +28.9% |
| 1998 | 0.73x | $2.00 Billion | $2.75 Billion | $2.00 Billion | ▲ +3.0% |
| 1997 | 0.71x | $1.86 Billion | $2.62 Billion | $1.86 Billion | ▲ +38.4% |
| 1996 | 0.51x | $1.23 Billion | $2.40 Billion | $1.23 Billion | ▼ -15.4% |
| 1995 | 0.61x | $1.40 Billion | $2.31 Billion | $1.40 Billion | ▼ -16.8% |
| 1994 | 0.73x | $1.54 Billion | $2.11 Billion | $1.54 Billion | — |