Southern Company Financial Flexibility Index
Southern Company financial flexibility index. Southern Company (SO) has a Financial Flexibility Index of 0.06x as of September 2025. Free cash flow of $7.16 Billion (operating CF $3.77 Billion minus capex $3.39 Billion) represents 0% of total liabilities ($114.97 Billion). Explore Southern Company (SO) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Southern Company (1994–2024)
Financial flexibility index of Southern Company from 1994 to 2024. Historical Financial Flexibility Index trend for Southern Company across 31 annual periods. Check Southern Company total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Southern Company Financial Flexibility Index by Year (1994–2024)
Southern Company financial flexibility index by year from 1994 to 2024. Year-by-year free cash flow to debt coverage for Southern Company. For the full cash flow conversion analysis, see SO cash flow metrics.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.17x | $18.74 Billion | $9.79 Billion | $108.51 Billion | ▲ +8.0% |
| 2023 | 0.16x | $16.65 Billion | $7.55 Billion | $104.11 Billion | ▲ +12.8% |
| 2022 | 0.14x | $14.22 Billion | $6.30 Billion | $100.36 Billion | ▲ +0.4% |
| 2021 | 0.14x | $13.41 Billion | $6.17 Billion | $94.97 Billion | ▼ -9.7% |
| 2020 | 0.16x | $14.14 Billion | $6.70 Billion | $90.41 Billion | ▲ +1.6% |
| 2019 | 0.15x | $13.34 Billion | $5.78 Billion | $86.65 Billion | ▼ -9.8% |
| 2018 | 0.17x | $14.95 Billion | $6.95 Billion | $87.58 Billion | ▲ +5.2% |
| 2017 | 0.16x | $13.82 Billion | $6.39 Billion | $85.15 Billion | ▲ +10.3% |
| 2016 | 0.15x | $12.20 Billion | $4.89 Billion | $82.97 Billion | ▼ -39.5% |
| 2015 | 0.24x | $13.67 Billion | $6.27 Billion | $56.22 Billion | ▲ +0.9% |
| 2014 | 0.24x | $11.79 Billion | $5.82 Billion | $48.93 Billion | ▼ -7.4% |
| 2013 | 0.26x | $11.56 Billion | $6.10 Billion | $44.41 Billion | ▲ +17.4% |
| 2012 | 0.22x | $9.71 Billion | $4.90 Billion | $43.77 Billion | ▼ -13.6% |
| 2011 | 0.26x | $10.43 Billion | $5.90 Billion | $40.61 Billion | ▲ +21.2% |
| 2010 | 0.21x | $8.08 Billion | $3.99 Billion | $38.12 Billion | ▼ -2.6% |
| 2009 | 0.22x | $7.93 Billion | $3.26 Billion | $36.46 Billion | ▲ +1.6% |
| 2008 | 0.21x | $7.36 Billion | $3.40 Billion | $34.36 Billion | ▼ -0.3% |
| 2007 | 0.21x | $6.94 Billion | $3.40 Billion | $32.32 Billion | ▲ +13.5% |
| 2006 | 0.19x | $5.81 Billion | $2.82 Billion | $30.74 Billion | ▲ +10.4% |
| 2005 | 0.17x | $4.90 Billion | $2.53 Billion | $28.59 Billion | ▼ -6.8% |
| 2004 | 0.18x | $4.80 Billion | $2.69 Billion | $26.12 Billion | ▼ -8.9% |
| 2003 | 0.20x | $5.07 Billion | $3.07 Billion | $25.11 Billion | ▼ -10.1% |
| 2002 | 0.22x | $5.55 Billion | $2.83 Billion | $24.71 Billion | ▼ -3.3% |
| 2001 | 0.23x | $5.00 Billion | $2.38 Billion | $21.55 Billion | ▼ -7.0% |
| 2000 | 0.25x | $5.04 Billion | $2.82 Billion | $20.20 Billion | ▼ -6.8% |
| 1999 | 0.27x | $5.28 Billion | $2.72 Billion | $19.72 Billion | ▲ +43.7% |
| 1998 | 0.19x | $4.75 Billion | $2.75 Billion | $25.49 Billion | ▲ +2.6% |
| 1997 | 0.18x | $4.48 Billion | $2.62 Billion | $24.68 Billion | ▼ -1.6% |
| 1996 | 0.18x | $3.63 Billion | $2.40 Billion | $19.66 Billion | ▲ +0.3% |
| 1995 | 0.18x | $3.72 Billion | $2.31 Billion | $20.19 Billion | ▼ -12.9% |
| 1994 | 0.21x | $3.65 Billion | $2.11 Billion | $17.26 Billion | — |