EX-99.03 4 x9903.txt Exhibit 99.03 Significant Factors Impacting EPS (Notes)
3 Months Ended December 12 Months Ended December ----------------------- ------------------------ 2004 2003 Change 2004 2003 Change ---- ---- ------ ---- ---- ------ Consolidated Earnings- $ 0.24 $ 0.22 $0.02 $2.04 $1.97 $0.07 Significant Factors: Retail Business - 0.06 Competitive Generation 0.02 (0.01) Synthetic Fuels - 0.02 Leasing Business - - Parent Company and Other 0.01 0.04 Impact of Additional Shares (0.01) (0.04) ----- ----- Total $0.02 $0.07 ===== =====
Notes - Excludes a one-time after tax gain of $24 million in December 2004 from the resolution of an IRS audit for the years 2000 and 2001. - Excludes a one-time after tax gain of $83 million in May 2003 from the previously announced termination of all long-term wholesale power contracts between Southern Company and Dynegy, Inc. as adjusted for revenues that otherwise would have been recognized for the remainder of the year. - Excludes a regulatory expense of $37 million, after taxes, for Mississippi Power recorded in December, 2003. - Quarterly Earnings Per Share (EPS) is computed by using the current year-to-date EPS less the previous period year-to-date EPS. As a result of using rounded numbers, the EPS for significant factors may not directly correspond to the variance in millions of dollars shown above. - Diluted earnings per share are not more than 1 cent for any period reported above and are not material. - Certain prior year data has been reclassified to conform with current year presentation. - Information contained in this report is subject to audit and adjustments and certain classifications may be different from final results published in the Form 10-K.