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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 6.65B | 9.9% |
| Gross Profit | 6.24B | 18.7% |
| Cost of Revenue | 405M | 48.5% |
| Operating expense | 405M | 47.3% |
| Net Income | 1.13B | 32% |
| EBITDA | 1.71B | 37.8% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 140B | 0.6% |
| Total Liabilities | 105B | 0.4% |
| Total Equity | 35.6B | 13.3% |
| Shares Outstanding | 1.09B | 0.2% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.31B | 27.7% |
| Cash from investing | -2.39B | 19.1% |
| Cash from financing | 985M | 497% |
EPS
Financial Highlights for Southern Company in Q1 '24
Southern Company reported a revenue of 6.65B, which is a 9.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.24B, marking a 18.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 405M, a -48.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 405M, showing a -47.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.13B, showing a 32% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.71B, showing a 37.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Southern Company with growth in revenue, gross profit, and net income.