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
March
 
 
2016
 
2015
 
Change
Income Account-
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
Fuel
 
$
875

 
$
1,088

 
$
(213
)
Non-Fuel
 
2,502

 
2,454

 
48

Wholesale Revenues
 
396

 
467

 
(71
)
Other Electric Revenues
 
181

 
163

 
18

Other Revenues
 
11

 
11

 

Total Revenues
 
3,965

 
4,183

 
(218
)
Fuel and Purchased Power
 
1,076

 
1,356

 
(280
)
Non-Fuel O & M
 
1,109

 
1,122

 
(13
)
Depreciation and Amortization
 
541

 
487

 
54

Taxes Other Than Income Taxes
 
256

 
252

 
4

Estimated Loss on Kemper IGCC
 
53

 
9

 
44

Total Operating Expenses
 
3,035

 
3,226

 
(191
)
Operating Income
 
930

 
957

 
(27
)
Allowance for Equity Funds Used During Construction
 
53

 
63

 
(10
)
Interest Expense, Net of Amounts Capitalized
 
246

 
213

 
33

Other Income (Expense), net
 
(18
)
 
(8
)
 
(10
)
Income Taxes
 
222

 
274

 
(52
)
Consolidated Net Income
 
497

 
525

 
(28
)
Less:
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
11

 
17

 
(6
)
Net Income Attributable to Noncontrolling Interests
 
1

 

 
1

CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
485

 
$
508

 
$
(23
)
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.