EX-99.02 3 x9902.txt Exhibit 99.02 Southern Company Financial Highlights (In Millions of Dollars Except Earnings Per Share)
3 months ended December 12 months ended December ------------------------- ------------------------ 2005 2004 2005 2004 ---- ---- ---- ---- (Notes) (Notes) (Notes) (Notes) Consolidated Earnings- (See Notes) Retail Business $ 90 $ 122 $ 1,251 $ 1,200 Competitive Generation 62 44 270 220 ------ ------ ------- ------- Total 152 166 1,521 1,420 Synthetic Fuels 12 14 85 74 Leasing Business 7 5 27 24 Parent Company and Other (12) (5) (42) (10) ------ ------ ------- ------- Net Income - Excluding One-Time Items ( See Notes ) $ 159 $ 180 $ 1,591 $ 1,508 ====== ====== ======= ======= Net Income - As Reported $ 159 $ 204 $ 1,591 $ 1,532 ====== ====== ======= ======= Basic Earnings Per Share - (See Notes) - Excluding One-Time Items $ 0.21 $ 0.24 $ 2.14 $ 2.04 - As Reported $ 0.21 $ 0.27 $ 2.14 $ 2.07 Operating Revenues $3,287 $2,670 $13,552 $11,729 Average Shares Outstanding (in millions) 742 741 744 739 End of Period Shares Outstanding (in millions) 742 742
Notes - Southern Company GAS completed the sale of substantially all of its assets on January 4, 2006 and is included in consolidated earnings in all periods as discontinued operations. - Excludes a one-time after tax gain of $24 million in December 2004 from the resolution of an IRS audit for the years 2000 and 2001. - For 3 months ended December 2005 and 2004, diluted earnings per share are not more than 1 cent per share and are not material. For 12 months ended December 2005 and 2004, diluted earnings per share are (1) cent per share. - Certain prior year data has been reclassified to conform with current year presentation. - Information contained in this report is subject to audit and adjustments and certain classifications may be different from final results published in the Form 10-K.