EX-99.04 6 ex99-04.txt ANALYSIS OF CONSOLIDATED EARNINGS
` Exhibit 99.04 Southern Company Analysis of Consolidated Earnings (In Millions of Dollars) 3 Months Ended September 9 Months Ended September --------------------------------------- ------------------------------------- 2003 2002 Change 2003 2002 Change ---- ---- ------ ---- ---- ------ Income Account- Retail Revenue $2,757 $2,749 $ 8 $ 6,907 $ 6,778 $ 129 Wholesale Revenue 395 344 51 1,072 870 202 Other Electric Revenues 89 82 7 406 228 178 Non-regulated Operating Revenues 96 73 23 364 216 148 ------ ------ ---- ------- ------- ------ Total Revenues 3,337 3,248 89 8,749 8,092 657 ------ ------ ---- ------- ------- ------ Fuel and Purchased Power 1,094 1,029 65 2,809 2,481 328 Non-fuel O & M 736 737 (1) 2,269 2,180 89 Depreciation and Amortization 258 265 (7) 761 765 (4) Taxes Other Than Income Taxes 155 147 8 447 425 22 ------ ------ ---- ------- ------- ------ Total Operating Expenses 2,243 2,178 65 6,286 5,851 435 ------ ------ ---- ------- ------- ------ Operating Income 1,094 1,070 24 2,463 2,241 222 Other Income, net (25) (29) 4 (9) (40) 31 Interest Charges and Dividends 171 174 (3) 519 512 7 Income Taxes 279 272 7 586 538 48 ------ ---- ---- -------- ------- ------ NET INCOME AS REPORTED $ 619 $ 595 $ 24 $ 1,349 $ 1,151 $ 198 ====== ====== ==== ======== ======= ====== NET INCOME EXCLUDING DYNEGY $ 619 $ 595 $ 24 $ 1,266 $ 1,151 $ 115 ====== ====== ==== ======== ======= ======