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 December
 
Year-to-Date
 December
 
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,012

 
$
966

 
$
46

 
$
4,283

 
$
4,095

 
$
188

Non-Fuel
 
2,297

 
2,578

 
(281
)
 
10,939

 
11,235

 
(296
)
Wholesale Electric Revenues
 
579

 
559

 
20

 
2,516

 
2,426

 
90

Other Electric Revenues
 
166

 
171

 
(5
)
 
664

 
681

 
(17
)
Natural Gas Revenues
 
1,048

 
1,045

 
3

 
3,854

 
3,791

 
63

Other Revenues
 
235

 
310

 
(75
)
 
1,239

 
803

 
436

Total Revenues
 
5,337

 
5,629

 
(292
)
 
23,495

 
23,031

 
464

Fuel and Purchased Power
 
1,334

 
1,245

 
89

 
5,608

 
5,263

 
345

Cost of Natural Gas
 
486

 
515

 
(29
)
 
1,539

 
1,601

 
(62
)
Cost of Other Sales
 
118

 
220

 
(102
)
 
806

 
513

 
293

Non-Fuel O & M
 
1,672

 
1,640

 
32

 
5,889

 
5,739

 
150

Depreciation and Amortization
 
793

 
774

 
19

 
3,131

 
3,010

 
121

Taxes Other Than Income Taxes
 
325

 
309

 
16

 
1,315

 
1,250

 
65

Estimated Loss on Plants Under Construction
 
(8
)
 
207

 
(215
)
 
1,097

 
3,362

 
(2,265
)
Impairment Charges
 
13

 
—

 
13

 
210

 
—

 
210

Gain on Dispositions, net
 
26

 
(20
)
 
46

 
(291
)
 
(40
)
 
(251
)
Total Operating Expenses
 
4,759

 
4,890

 
(131
)
 
19,304

 
20,698

 
(1,394
)
Operating Income
 
578

 
739

 
(161
)
 
4,191

 
2,333

 
1,858

Allowance for Equity Funds Used During Construction
 
39

 
27

 
12

 
138

 
160

 
(22
)
Earnings from Equity Method Investments
 
40

 
6

 
34

 
148

 
106

 
42

Interest Expense, Net of Amounts Capitalized
 
456

 
446

 
10

 
1,842

 
1,694

 
148

Other Income (Expense), net
 
(81
)
 
(1
)
 
(80
)
 
114

 
163

 
(49
)
Income Taxes
 
(149
)
 
(175
)
 
26

 
449

 
142

 
307

Net Income
 
269

 
500

 
(231
)
 
2,300

 
926

 
1,374

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
4

 
6

 
(2
)
 
16

 
38

 
(22
)
Net Income Attributable to Noncontrolling Interests
 
(13
)
 
(2
)
 
(11
)
 
58

 
46

 
12

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
278

 
$
496

 
$
(218
)
 
$
2,226

 
$
842

 
$
1,384

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