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AI English summary of an SEC filing — figures as filed

Southern Company logoSouthern Company SO

The company said its net income for Q4 2023 was $855 million (78 cents per share), compared with a loss of $87 million (8 cents per share loss) in Q4 2022.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its net income for Q4 2023 was $855 million (78 cents per share), compared with a loss of $87 million (8 cents per share loss) in Q4 2022.

  2. Southern Company said its full-year net income for 2023 was $4.0 billion ($3.64 per share), compared with $3.5 billion ($3.28 per share) for 2022.

  3. The company said its net income excluding certain items was $700 million (64 cents per share) for Q4 2023, and $4.0 billion ($3.65 per share) for the full year, compared with $3.9 billion ($3.60 per share) for the full year of 2022.

  4. Southern Company said operating revenues for Q4 2023 were $6.0 billion, a decrease of 14.2% from Q4 2022 $7.0 billion. For the full year, operating revenues were $25.3 billion, down 13.8% from $29.3 billion. The company cited lower fuel costs in 2023 as the main reason for the decreases.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Southern Company Q4 2023 Net Income $855 million

The company said its net income for Q4 2023 was $855 million (78 cents per share), compared with a loss of $87 million (8 cents per share loss) in Q4 2022.

Source · Based on the filing body and exhibits

Southern Company 2023 Full-Year Net Income $4.0 billion

Southern Company said its full-year net income for 2023 was $4.0 billion ($3.64 per share), compared with $3.5 billion ($3.28 per share) for 2022.

Source · Based on the filing body and exhibits

Net Income Excluding Certain Items

The company said its net income excluding certain items was $700 million (64 cents per share) for Q4 2023, and $4.0 billion ($3.65 per share) for the full year, compared with $3.9 billion ($3.60 per share) for the full year of 2022.

Source · Based on the filing body and exhibits

Operating Revenues Decline in 2023

Southern Company said operating revenues for Q4 2023 were $6.0 billion, a decrease of 14.2% from Q4 2022 $7.0 billion. For the full year, operating revenues were $25.3 billion, down 13.8% from $29.3 billion. The company cited lower fuel costs in 2023 as the main reason for the decreases.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.