EX-99.03 5 x99-03.txt EXHIBIT 99.03 Southern Company Significant Factors Impacting EPS
3 Months Ended September Year-to-Date September --------------------------- -------------------------- 2007 2006 Change 2007 2006 Change ---- ---- ------ ---- ---- ------ Consolidated Earnings-As Reported $1.00 $0.99 $0.01 $2.03 $1.86 $0.17 (See Notes) Significant Factors: -------------------- Traditional Operating Companies 0.03 0.12 Southern Power 0.01 0.04 Synthetic Fuels 0.01 0.07 Leasing (0.01) (0.01) Parent Company and Other (0.01) (0.02) Additional Shares (0.02) (0.03) ----- ----- Total-As Reported $0.01 $0.17 ===== ===== 3 Months Ended September Year-to-Date September --------------------------- -------------------------- 2007 2006 Change 2007 2006 Change ---- ---- ------ ---- ---- ------ Consolidated Earnings-Excluding Synfuels $0.99 $0.99 $0.00 $1.96 $1.86 $0.10 (See Notes) Total-As Reported 1.00 2.03 Less: Synthetic Fuels (0.01) (0.07) ----- ----- Total-Excluding Synthetic Fuels $0.99 $1.96 ===== =====
Notes ----- - For the third quarter and year-to-date 2007, diluted earnings per share was not more than 1 cent per share. - Tax credits associated with Southern Company's synthetic fuel investments expire December 31, 2007 and will not contribute to Southern Company's earnings and earnings per share after 2007. - Certain prior year data has been reclassified to conform with current year presentation. - Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q.