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
 
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,022

 
$
1,016

 
$
6

 
$
2,049

 
$
1,944

 
$
105

Non-Fuel
 
2,718

 
2,761

 
(43
)
 
5,259

 
5,227

 
32

Wholesale Electric Revenues
 
611

 
618

 
(7
)
 
1,230

 
1,149

 
81

Other Electric Revenues
 
175

 
167

 
8

 
339

 
342

 
(3
)
Natural Gas Revenues
 
706

 
684

 
22

 
2,314

 
2,214

 
100

Other Revenues
 
395

 
184

 
211

 
808

 
326

 
482

Total Revenues
 
5,627

 
5,430

 
197

 
11,999

 
11,202

 
797

Fuel and Purchased Power
 
1,339

 
1,303

 
36

 
2,707

 
2,478

 
229

Cost of Natural Gas
 
228

 
232

 
(4
)
 
949

 
951

 
(2
)
Cost of Other Sales
 
279

 
114

 
165

 
568

 
203

 
365

Non-Fuel O & M
 
1,559

 
1,356

 
203

 
3,008

 
2,740

 
268

Depreciation and Amortization
 
783

 
754

 
29

 
1,552

 
1,469

 
83

Taxes Other Than Income Taxes
 
316

 
308

 
8

 
671

 
638

 
33

Estimated Loss on Plants Under Construction
 
1,060

 
3,012

 
(1,952
)
 
1,105

 
3,120

 
(2,015
)
Total Operating Expenses
 
5,564

 
7,079

 
(1,515
)
 
10,560

 
11,599

 
(1,039
)
Operating Income (Loss)
 
63

 
(1,649
)
 
1,712

 
1,439

 
(397
)
 
1,836

Allowance for Equity Funds Used During Construction
 
32

 
58

 
(26
)
 
63

 
115

 
(52
)
Earnings from Equity Method Investments
 
31

 
28

 
3

 
72

 
67

 
5

Interest Expense, Net of Amounts Capitalized
 
470

 
424

 
46

 
928

 
840

 
88

Other Income (Expense), net
 
78

 
52

 
26

 
138

 
98

 
40

Income Taxes (Benefit)
 
(139
)
 
(587
)
 
448

 
(25
)
 
(273
)
 
248

Net Income (Loss)
 
(127
)
 
(1,348
)
 
1,221

 
809

 
(684
)
 
1,493

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
4

 
11

 
(7
)
 
8

 
22

 
(14
)
Net Income Attributable to Noncontrolling Interests
 
23

 
22

 
1

 
17

 
17

 
—

NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
(154
)
 
$
(1,381
)
 
$
1,227

 
$
784

 
$
(723
)
 
$
1,507

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.