# The Southern Company · Edgar & Edgarette company card

> The Southern Company saw revenue fall 26.8% in FY2015 to $3.9 billion, operating margin 18.9% against a 33.8% median for natural gas distribution, equity 26.6% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1004155 · fiscal year ended 2015-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/1004155) · [JSON](https://www.pops4.com/boards/company/1004155.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.9B |
| Revenue growth, 1 year | -26.8% |
| Revenue growth per year | 14.3% |
| Operating margin | 18.9% (prior year 20.3%) |
| Net margin | 9.5% |
| Operating cash flow | $1.4B |
| Capital spending | $1.0B |
| Free cash flow | $354M |
| Cash | $19M |
| Long-term debt | $3.8B |
| Total assets | $14.8B |
| Total equity | $3.9B |
| Equity ÷ assets | 26.6% |
| Return on equity | 9.5% |
| Dividend per share | $2.04 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Beneish M: -3.34 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±31%

## Edgarette's reading

Exposure: revenue $3.9B (FY2015), total debt $3.8B. Experience: revenue down 26.8% on the year, up 14.3% a year over 4 years; operating margin 18.9%, down from 20.3%. Soundness: equity 26.6% of assets, return on equity 9.5%, payout 65.4% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.5B and $4.7B next year (method v4.1: its own 6-year record of growth weighed at 63% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.0B to $5.9B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin 18.9% against a 33.8% median; growth -26.8% against 17.1%.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-15 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000100415526000027/0001004155-26-000027-index.htm)
- 8-K · filed 2026-09-14 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000100415526000024/0001004155-26-000024-index.htm)
- 8-K · filed 2026-09-08 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000100415526000016/0001004155-26-000016-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000009212226000056/0000092122-26-000056-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000009212226000054/0000092122-26-000054-index.htm)
- 8-K · filed 2026-05-22 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1004155/000100415526000014/0001004155-26-000014-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001004155.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1004155

## Cite

POPS4, Edgar & Edgarette: The Southern Company company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/1004155. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.