EX-99.02 4 ex99-02.txt FINANCIAL HIGHLIGHTS
Exhibit 99.02 Southern Company Financial Highlights (In Millions of Dollars Except Earnings Per Share) 3 Months Ended September 9 Months Ended September ------------------------ ------------------------ 2003 2002 2003 2002 ---- ---- ---- ---- (Notes) (Notes) (Notes) (Notes) Consolidated Earnings- Southern Company Regulated Retail Business $ 519 $ 523 $ 1,019 $ 1,016 Competitive Generation 80 61 198 134 ----- ----- ------ ------- Total 599 584 1,217 1,150 Synthetic Fuels 14 13 42 27 Products and Services 3 2 20 4 Leasing Business 7 6 21 16 Parent Company and Other (4) (10) (34) (46) ----- ----- ------- ------- Net Income - Excluding Dynegy (See Notes) $ 619 $ 595 $ 1,266 $ 1,151 ===== ===== ======= ======= - As Reported $ 619 $ 595 $ 1,349 $ 1,151 ===== ===== ======= ======= Basic Earnings Per Share-(Notes) - Excluding Dynegy (See Notes) $ 0.85 $ 0.84 $ 1.75 $ 1.63 - As Reported $ 0.85 $ 0.84 $ 1.86 $ 1.63 Operating Revenues $ 3,337 $ 3,248 $ 8,749 $ 8,092 Average Shares Outstanding (in millions) 730 711 724 706 End of Period Shares Outstanding (in millions) 731 713 Notes ----- - Excludes a one-time gain of $88 million in May 2003 from the previously announced termination of all long-term wholesale power contracts between Southern Company and Dynegy, Inc. After adjusting for revenues that otherwise would have been recognized for the remainder of the year, the adjusted gain for 2003 is $83 million. - Diluted earnings per share are not more than 1 cent for any period reported above and are not material. - Certain prior year data has been reclassified to conform with current year presentation. - Information contained in this report is subject to review and adjustments and certain classifications may be different from final results published in the Form 10-Q.