EX-99.07 8 ex9907-financialoverviewq2.htm EXHIBIT 99.07 Exhibit





Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June
 
Year-to-Date June
 
 
2018
 
2017
 
% Change
 
2018
 
2017
 
% Change
Southern Company –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,627

 
$
5,430

 
3.6
 %
 
$
11,999

 
$
11,202

 
7.1
 %
Earnings (Loss) Before Income Taxes
 
(266
)
 
(1,935
)
 
N/M

 
784

 
(957
)
 
N/M

Net Income (Loss) Available to Common
 
(154
)
 
(1,381
)
 
N/M

 
784

 
(723
)
 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,503

 
$
1,484

 
1.3
 %
 
$
2,976

 
$
2,866

 
3.8
 %
Earnings Before Income Taxes
 
326

 
386

 
(15.5
)%
 
636

 
689

 
(7.7
)%
Net Income Available to Common
 
259

 
230

 
12.6
 %
 
484

 
403

 
20.1
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,048

 
$
2,048

 
 %
 
$
4,008

 
$
3,880

 
3.3
 %
Earnings (Loss) Before Income Taxes
 
(539
)
 
551

 
N/M

 
(94
)
 
971

 
N/M

Net Income (Loss) Available to Common
 
(396
)
 
347

 
N/M

 
(44
)
 
607

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
344

 
$
357

 
(3.6
)%
 
$
692

 
$
707

 
(2.1
)%
Earnings Before Income Taxes
 
31

 
61

 
(49.2
)%
 
87

 
95

 
(8.4
)%
Net Income Available to Common
 
42

 
35

 
20.0
 %
 
84

 
53

 
58.5
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
297

 
$
303

 
(2.0
)%
 
$
598

 
$
575

 
4.0
 %
Earnings (Loss) Before Income Taxes
 
60

 
(2,934
)
 
N/M

 
49

 
(2,981
)
 
N/M

Net Income (Loss) Available to Common
 
46

 
(2,054
)
 
N/M

 
39

 
(2,074
)
 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
555

 
$
529

 
4.9
 %
 
$
1,064

 
$
979

 
8.7
 %
Earnings (Loss) Before Income Taxes
 
(28
)
 
66

 
(142.4
)%
 
(12
)
 
78

 
(115.4
)%
Net Income Available to Common
 
22

 
82

 
(73.2
)%
 
143

 
151

 
(5.3
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
730

 
$
716

 
2.0
 %
 
$
2,369

 
$
2,276

 
4.1
 %
Earnings Before Income Taxes
 
24

 
80

 
(70.0
)%
 
407

 
468

 
(13.0
)%
Net Income (Loss) Available to Common
 
(31
)
 
49

 
N/M

 
248

 
288

 
(13.9
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.