Southern Company (SO) — Free Cash Flow Generation Index
Southern Company (SO) has a Free Cash Flow Generation Index of 0.10x as of September 2025. Free cash flow of $384.00 Million represents 0% of operating cash flow ($3.77 Billion). Explore reinvestment intensity of Southern Company to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Southern Company Free Cash Flow Generation Index (1994–2024)
Historical FCF Generation Index trend for Southern Company across 31 annual periods. For the full cash flow conversion analysis, see SO cash flow metrics.
Annual Free Cash Flow Generation for Southern Company (1994–2024)
Year-by-year Free Cash Flow Generation Index for Southern Company. Check SO cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.09x | $833.00 Million | $9.79 Billion | $8.96 Billion | ▲ +141.7% |
| 2023 | -0.20x | $-1.54 Billion | $7.55 Billion | $9.10 Billion | ▲ +20.6% |
| 2022 | -0.26x | $-1.62 Billion | $6.30 Billion | $7.92 Billion | ▼ -48.2% |
| 2021 | -0.17x | $-1.07 Billion | $6.17 Billion | $7.24 Billion | ▼ -56.0% |
| 2020 | -0.11x | $-745.00 Million | $6.70 Billion | $7.44 Billion | ▲ +63.7% |
| 2019 | -0.31x | $-1.77 Billion | $5.78 Billion | $7.55 Billion | ▼ -101.8% |
| 2018 | -0.15x | $-1.06 Billion | $6.95 Billion | $8.00 Billion | ▲ +5.4% |
| 2017 | -0.16x | $-1.03 Billion | $6.39 Billion | $7.42 Billion | ▲ +67.4% |
| 2016 | -0.49x | $-2.42 Billion | $4.89 Billion | $7.31 Billion | ▼ -176.8% |
| 2015 | -0.18x | $-1.12 Billion | $6.27 Billion | $7.39 Billion | ▼ -540.2% |
| 2014 | -0.03x | $-162.00 Million | $5.82 Billion | $5.98 Billion | ▼ -126.8% |
| 2013 | 0.10x | $634.00 Million | $6.10 Billion | $5.46 Billion | ▲ +472.3% |
| 2012 | 0.02x | $89.00 Million | $4.90 Billion | $4.81 Billion | ▼ -92.2% |
| 2011 | 0.23x | $1.38 Billion | $5.90 Billion | $4.53 Billion | ▲ +1080.7% |
| 2010 | -0.02x | $-95.00 Million | $3.99 Billion | $4.09 Billion | ▲ +94.5% |
| 2009 | -0.43x | $-1.41 Billion | $3.26 Billion | $4.67 Billion | ▼ -160.3% |
| 2008 | -0.17x | $-563.00 Million | $3.40 Billion | $3.96 Billion | ▼ -275.0% |
| 2007 | -0.04x | $-150.00 Million | $3.40 Billion | $3.54 Billion | ▲ +28.4% |
| 2006 | -0.06x | $-174.00 Million | $2.82 Billion | $2.99 Billion | ▼ -197.6% |
| 2005 | 0.06x | $160.00 Million | $2.53 Billion | $2.37 Billion | ▼ -70.7% |
| 2004 | 0.22x | $582.00 Million | $2.69 Billion | $2.11 Billion | ▼ -37.7% |
| 2003 | 0.35x | $1.06 Billion | $3.07 Billion | $2.00 Billion | ▲ +761.8% |
| 2002 | 0.04x | $114.00 Million | $2.83 Billion | $2.72 Billion | ▲ +141.2% |
| 2001 | -0.10x | $-233.00 Million | $2.38 Billion | $2.62 Billion | ▼ -146.4% |
| 2000 | 0.21x | $593.00 Million | $2.82 Billion | $2.23 Billion | ▲ +251.5% |
| 1999 | 0.06x | $163.00 Million | $2.72 Billion | $2.56 Billion | ▼ -77.9% |
| 1998 | 0.27x | $743.00 Million | $2.75 Billion | $2.00 Billion | ▼ -7.3% |
| 1997 | 0.29x | $766.00 Million | $2.62 Billion | $1.86 Billion | ▼ -40.2% |
| 1996 | 0.49x | $1.17 Billion | $2.40 Billion | $1.23 Billion | ▲ +23.6% |
| 1995 | 0.39x | $914.00 Million | $2.31 Billion | $1.40 Billion | ▲ +44.9% |
| 1994 | 0.27x | $575.00 Million | $2.11 Billion | $1.54 Billion | — |