EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT 99.05 Exhibit


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2016
 
2015
 
Change
 
2016
 
2015
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,296

 
$
1,432

 
$
(136
)
 
$
3,169

 
$
3,651

 
$
(482
)
Non-Fuel
 
3,512

 
3,269

 
243

 
8,763

 
8,307

 
456

Wholesale Electric Revenues
 
613

 
520

 
93

 
1,455

 
1,435

 
20

Other Electric Revenues
 
181

 
169

 
12

 
529

 
494

 
35

Natural Gas Revenues
 
518

 

 
518

 
518

 

 
518

Other Revenues
 
144

 
11

 
133

 
281

 
34

 
247

Total Revenues
 
6,264

 
5,401

 
863

 
14,715

 
13,921

 
794

Fuel and Purchased Power
 
1,627

 
1,713

 
(86
)
 
3,915

 
4,439

 
(524
)
Cost of Natural Gas
 
133

 

 
133

 
133

 

 
133

Cost of Other Sales
 
84

 

 
84

 
161

 

 
161

Non-Fuel O & M
 
1,411

 
1,097

 
314

 
3,616

 
3,320

 
296

Depreciation and Amortization
 
695

 
528

 
167

 
1,805

 
1,515

 
290

Taxes Other Than Income Taxes
 
309

 
264

 
45

 
821

 
761

 
60

Estimated Loss on Kemper IGCC
 
63

 
150

 
(87
)
 
197

 
182

 
15

Total Operating Expenses
 
4,322

 
3,752

 
570

 
10,648

 
10,217

 
431

Operating Income
 
1,942

 
1,649

 
293

 
4,067

 
3,704

 
363

Allowance for Equity Funds Used During Construction
 
52

 
60

 
(8
)
 
150

 
163

 
(13
)
Interest Expense, Net of Amounts Capitalized
 
374

 
218

 
156

 
913

 
612

 
301

Other Income (Expense), net
 
21

 
(21
)
 
42

 
(38
)
 
(41
)
 
3

Income Taxes
 
458

 
500

 
(42
)
 
951

 
1,076

 
(125
)
Net Income
 
1,183

 
970

 
213

 
2,315

 
2,138

 
177

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
11

 
11

 

 
34

 
42

 
(8
)
Net Income Attributable to Noncontrolling Interests
 
27

 

 
27

 
39

 

 
39

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
1,145

 
$
959

 
$
186

 
$
2,242

 
$
2,096

 
$
146

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
 
 
 
 
 
 
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.