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


Exhibit 99.05
 
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
December
 
Year-to-Date
December
 
 
2019
 
2018
 
Change
 
2019
 
2018
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
784

 
$
1,012

 
$
(228
)
 
$
3,591

 
$
4,283

 
$
(692
)
Non-Fuel
 
2,164

 
2,297

 
(133
)
 
10,493

 
10,939

 
(446
)
Wholesale Electric Revenues
 
485

 
579

 
(94
)
 
2,152

 
2,516

 
(364
)
Other Electric Revenues
 
144

 
169

 
(25
)
 
636

 
664

 
(28
)
Natural Gas Revenues
 
1,131

 
1,048

 
83

 
3,792

 
3,854

 
(62
)
Other Revenues
 
206

 
232

 
(26
)
 
755

 
1,239

 
(484
)
Total Revenues
 
4,914

 
5,337

 
(423
)
 
21,419

 
23,495

 
(2,076
)
Fuel and Purchased Power
 
977

 
1,334

 
(357
)
 
4,438

 
5,608

 
(1,170
)
Cost of Natural Gas
 
363

 
486

 
(123
)
 
1,319

 
1,539

 
(220
)
Cost of Other Sales
 
119

 
118

 
1

 
435

 
806

 
(371
)
Non-Fuel O & M
 
1,712

 
1,672

 
40

 
5,600

 
5,889

 
(289
)
Depreciation and Amortization
 
771

 
793

 
(22
)
 
3,038

 
3,131

 
(93
)
Taxes Other Than Income Taxes
 
299

 
325

 
(26
)
 
1,230

 
1,315

 
(85
)
Estimated Loss on Plants Under Construction
 
14

 
(8
)
 
22

 
24

 
1,097

 
(1,073
)
Impairment Charges
 
26

 
13

 
13

 
168

 
210

 
(42
)
(Gain) Loss on Dispositions, net
 
(57
)
 
26

 
(83
)
 
(2,569
)
 
(291
)
 
(2,278
)
Total Operating Expenses
 
4,224

 
4,759

 
(535
)
 
13,683

 
19,304

 
(5,621
)
Operating Income
 
690

 
578

 
112

 
7,736

 
4,191

 
3,545

Allowance for Equity Funds Used During Construction
 
32

 
39

 
(7
)
 
128

 
138

 
(10
)
Earnings from Equity Method Investments
 
42

 
40

 
2

 
162

 
148

 
14

Interest Expense, Net of Amounts Capitalized
 
442

 
456

 
(14
)
 
1,736

 
1,842

 
(106
)
Other Income (Expense), net
 
13

 
(81
)
 
94

 
252

 
114

 
138

Income Taxes (Benefit)
 
(74
)
 
(149
)
 
75

 
1,798

 
449

 
1,349

Net Income
 
409

 
269

 
140

 
4,744

 
2,300

 
2,444

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred Stock of Subsidiaries
 
5

 
4

 
1

 
15

 
16

 
(1
)
Net Income (Loss) Attributable to Noncontrolling Interests
 
(36
)
 
(13
)
 
(23
)
 
(10
)
 
58

 
(68
)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
440

 
$
278

 
$
162

 
$
4,739

 
$
2,226

 
$
2,513

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.