Southern Company Cash Flow Reinvestment Rate
Southern Company 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. See Southern Company (SO) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of Southern Company (1994–2024)
Cash flow reinvestment rate of Southern Company from 1994 to 2024. Historical reinvestment intensity for Southern Company across 31 annual periods. Explore debt repayment capacity of Southern Company to assess how comfortably operating cash covers total debt obligations.
Southern Company Cash Flow Reinvestment Rate by Year (1994–2024)
Southern Company cash flow reinvestment rate by year from 1994 to 2024. Year-by-year capital reinvestment analysis for Southern Company. For the full cash flow conversion analysis, see Southern Company (SO) cash conversion ratio.
| 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 | — |