EX-99.5 6 x99-5.htm x99-5.htm
Exhibit 99.05
 Southern Company
 Consolidated Earnings
 (In Millions of Dollars)
 
 
 
   
Three Months Ended June
   
Year-to-Date June
   
   
2012
   
2011
   
Change
   
2012
   
2011
   
Change
   
Income Account-
                                     
Retail Revenues-
                                     
   Fuel
$
1,230
 
 $
1,491
 
 $
(261)
 
$
2,265
 
 $
2,794
 
 $
(529)
   
   Non-Fuel
 
2,367
   
2,351
   
16
   
4,424
   
4,444
   
(20)
   
Wholesale Revenues
 
415
   
507
   
(92)
   
764
   
956
   
(192)
   
Other Electric Revenues
 
154
   
154
   
0
   
302
   
303
   
(1)
   
Non-regulated Operating Revenues
 
15
   
18
   
(3)
   
30
   
36
   
(6)
   
Total Revenues
 
4,181
   
4,521
   
(340)
   
7,785
   
8,533
   
(748)
   
Fuel and Purchased Power
 
1,440
   
1,818
   
(378)
   
2,645
   
3,394
   
(749)
   
Non-fuel O & M
 
944
   
910
   
34
   
1,911
   
1,854
   
57
   
MC Asset Recovery Insurance Settlement
 
(19)
   
0
   
(19)
   
(19)
   
0
   
(19)
   
Depreciation and Amortization
 
445
   
430
   
15
   
886
   
848
   
38
   
Taxes Other Than Income Taxes
 
228
   
227
   
1
   
453
   
447
   
6
   
Total Operating Expenses
 
3,038
   
3,385
   
(347)
   
5,876
   
6,543
   
(667)
   
Operating Income
 
1,143
   
1,136
   
7
   
1,909
   
1,990
   
(81)
   
Allowance for Equity Funds Used During Construction
 
32
   
36
   
(4)
   
63
   
71
   
(8)
   
Interest Expense, Net of Amounts Capitalized
 
220
   
199
   
21
   
431
   
421
   
10
   
Other Income (Expense), net
 
13
   
(4)
   
17
   
11
   
(2)
   
13
   
Income Taxes
 
329
   
349
   
(20)
   
529
   
580
   
(51)
   
Net Income
 
639
   
620
   
19
   
1,023
   
1,058
   
(35)
   
Dividends on Preferred and Preference Stock of Subsidiaries
 
16
   
16
   
0
   
32
   
32
   
0
   
NET INCOME AFTER DIVIDENDS ON PREFERRED
                                     
   AND PREFERENCE STOCK (See Notes)
$
623
 
$
604
 
$
19
 
$
991
 
$
1,026
 
$
(35)
   
 
 
Notes
 -
Certain prior year data has 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.