EX-99 6 x99_04.txt EXHIBIT 99.04 Exhibit 99.04 SOUTHERN COMPANY ANALYSIS OF CONSOLIDATED EARNINGS (In Millions of Dollars) 3 Months Ended March ---------------------------------------------- 2003 2002 Change ---- ---- ------ Income Account- Retail Revenue $ 1,974 $ 1,844 $130 Wholesale Revenue 339 233 106 Other Electric Revenues 93 68 25 Other Operating Revenues 147 69 78 ---- --- ---- Total Revenues 2,553 2,214 339 ------ ------ ---- Fuel and Purchased Power 847 642 205 Non-fuel O & M 724 674 50 Depreciation and Amortization 245 246 (1) Taxes Other Than Income Taxes 149 140 9 Total Operating Expenses 1,965 1,702 263 ------ ------ ---- Operating Income 588 512 76 Other Income, net (1) (9) 8 Interest Charges and Dividends 168 168 - Income Taxes 121 111 10 ---- ---- ---- NET INCOME $ 298 $ 224 $ 74 ====== ====== ====