EX-99.05 6 ex9905-consolidatedear.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
 
 
2019
 
2018
 
Change
 
2019
 
2018
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
919

 
$
1,022

 
$
(103
)
 
$
1,723

 
$
2,049

 
$
(326
)
Non-Fuel
 
2,621

 
2,718

 
(97
)
 
4,900

 
5,259

 
(359
)
Wholesale Electric Revenues
 
542

 
616

 
(74
)
 
1,041

 
1,239

 
(198
)
Other Electric Revenues
 
161

 
170

 
(9
)
 
331

 
330

 
1

Natural Gas Revenues
 
689

 
706

 
(17
)
 
2,163

 
2,314

 
(151
)
Other Revenues
 
166

 
395

 
(229
)
 
352

 
808

 
(456
)
Total Revenues
 
5,098

 
5,627

 
(529
)
 
10,510

 
11,999

 
(1,489
)
Fuel and Purchased Power
 
1,115

 
1,339

 
(224
)
 
2,135

 
2,707

 
(572
)
Cost of Natural Gas
 
191

 
228

 
(37
)
 
877

 
949

 
(72
)
Cost of Other Sales
 
84

 
279

 
(195
)
 
203

 
568

 
(365
)
Non-Fuel O & M
 
1,316

 
1,523

 
(207
)
 
2,628

 
2,972

 
(344
)
Depreciation and Amortization
 
755

 
783

 
(28
)
 
1,506

 
1,552

 
(46
)
Taxes Other Than Income Taxes
 
299

 
316

 
(17
)
 
628

 
671

 
(43
)
Estimated Loss on Plants Under Construction
 
4

 
1,060

 
(1,056
)
 
6

 
1,105

 
(1,099
)
(Gain) Loss on Dispositions, net
 
(8
)
 
36

 
(44
)
 
(2,506
)
 
36

 
(2,542
)
Total Operating Expenses
 
3,756

 
5,564

 
(1,808
)
 
5,477

 
10,560

 
(5,083
)
Operating Income
 
1,342

 
63

 
1,279

 
5,033

 
1,439

 
3,594

Allowance for Equity Funds Used During Construction
 
31

 
32

 
(1
)
 
63

 
63

 
—

Earnings from Equity Method Investments
 
33

 
31

 
2

 
81

 
72

 
9

Interest Expense, Net of Amounts Capitalized
 
429

 
470

 
(41
)
 
859

 
928

 
(69
)
Other Income (Expense), net
 
99

 
78

 
21

 
176

 
138

 
38

Income Taxes (Benefit)
 
145

 
(139
)
 
284

 
1,505

 
(25
)
 
1,530

Net Income (Loss)
 
931

 
(127
)
 
1,058

 
2,989

 
809

 
2,180

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred Stock of Subsidiaries
 
3

 
4

 
(1
)
 
7

 
8

 
(1
)
Net Income Attributable to Noncontrolling Interests
 
29

 
23

 
6

 
—

 
17

 
(17
)
NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
899

 
$
(154
)
 
$
1,053

 
$
2,982

 
$
784

 
$
2,198

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