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


Exhibit 99.05
 
Southern Company
Consolidated Earnings As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June
 
Year-to-Date June
 
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,016

 
$
998

 
$
18

 
$
1,944

 
$
1,873

 
$
71

Non-Fuel
 
2,761

 
2,750

 
11

 
5,227

 
5,251

 
(24
)
Wholesale Electric Revenues
 
618

 
446

 
172

 
1,149

 
842

 
307

Other Electric Revenues
 
167

 
166

 
1

 
342

 
348

 
(6
)
Natural Gas Revenues
 
684

 
—

 
684

 
2,214

 
—

 
2,214

Other Revenues
 
184

 
99

 
85

 
326

 
137

 
189

Total Revenues
 
5,430

 
4,459

 
971

 
11,202

 
8,451

 
2,751

Fuel and Purchased Power
 
1,303

 
1,212

 
91

 
2,478

 
2,288

 
190

Cost of Natural Gas
 
232

 
—

 
232

 
951

 
—

 
951

Cost of Other Sales
 
114

 
58

 
56

 
203

 
77

 
126

Non-Fuel O & M
 
1,301

 
1,099

 
202

 
2,631

 
2,206

 
425

Depreciation and Amortization
 
754

 
569

 
185

 
1,469

 
1,110

 
359

Taxes Other Than Income Taxes
 
308

 
255

 
53

 
638

 
511

 
127

Estimated Loss on Kemper IGCC
 
3,012

 
81

 
2,931

 
3,120

 
134

 
2,986

Total Operating Expenses
 
7,024

 
3,274

 
3,750

 
11,490

 
6,326

 
5,164

Operating Income
 
(1,594
)
 
1,185

 
(2,779
)
 
(288
)
 
2,125

 
(2,413
)
Allowance for Equity Funds Used During Construction
 
58

 
45

 
13

 
115

 
98

 
17

Earnings from Equity Method Investments
 
28

 
(1
)
 
29

 
67

 
(1
)
 
68

Interest Expense, Net of Amounts Capitalized
 
424

 
293

 
131

 
840

 
539

 
301

Other Income (Expense), net
 
(3
)
 
(28
)
 
25

 
(11
)
 
(56
)
 
45

Income Taxes
 
(587
)
 
261

 
(848
)
 
(273
)
 
479

 
(752
)
Net Income (Loss)
 
(1,348
)
 
647

 
(1,995
)
 
(684
)
 
1,148

 
(1,832
)
Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
11

 
12

 
(1
)
 
22

 
23

 
(1
)
Net Income (Loss) Attributable to Noncontrolling Interests
 
22

 
12

 
10

 
17

 
13

 
4

NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
(1,381
)
 
$
623

 
$
(2,004
)
 
$
(723
)
 
$
1,112

 
$
(1,835
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
 
 
 
 
 
 
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $11.3 million and $15.8 million for the three and six months ended June 30, 2016, respectively.