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Exhibit 99.05 |
|
Southern Company |
Consolidated Earnings |
As Reported |
(In Millions of Dollars) |
| Three Months Ended June | | Year-to-Date June |
| 2021 | | 2020 | | Change | | 2021 | | 2020 | | Change |
Income Account- | | | | | | | | | | | |
Retail Electric Revenues- | | | | | | | | | | | |
Fuel | $ | 875 | | | $ | 676 | | | $ | 199 | | | $ | 1,712 | | | $ | 1,353 | | | $ | 359 | |
Non-Fuel | 2,724 | | | 2,506 | | | 218 | | | 5,229 | | | 4,907 | | | 322 | |
Wholesale Electric Revenues | 546 | | | 472 | | | 74 | | | 1,091 | | | 889 | | | 202 | |
Other Electric Revenues | 175 | | | 168 | | | 7 | | | 346 | | | 320 | | | 26 | |
Natural Gas Revenues | 677 | | | 636 | | | 41 | | | 2,371 | | | 1,885 | | | 486 | |
Other Revenues | 201 | | | 162 | | | 39 | | | 359 | | | 284 | | | 75 | |
Total Revenues | 5,198 | | | 4,620 | | | 578 | | | 11,108 | | | 9,638 | | | 1,470 | |
Fuel and Purchased Power | 1,065 | | | 821 | | | 244 | | | 2,120 | | | 1,638 | | | 482 | |
Cost of Natural Gas | 231 | | | 144 | | | 87 | | | 814 | | | 583 | | | 231 | |
Cost of Other Sales | 103 | | | 74 | | | 29 | | | 185 | | | 129 | | | 56 | |
Non-Fuel O&M | 1,438 | | | 1,203 | | | 235 | | | 2,810 | | | 2,498 | | | 312 | |
Depreciation and Amortization | 891 | | | 873 | | | 18 | | | 1,762 | | | 1,730 | | | 32 | |
Taxes Other Than Income Taxes | 313 | | | 298 | | | 15 | | | 657 | | | 629 | | | 28 | |
Estimated Loss on Plant Vogtle Units 3 and 4 | 460 | | | 149 | | | 311 | | | 508 | | | 149 | | | 359 | |
(Gain) Loss on Dispositions, net | (11) | | | — | | | (11) | | | (54) | | | (39) | | | (15) | |
Total Operating Expenses | 4,490 | | | 3,562 | | | 928 | | | 8,802 | | | 7,317 | | | 1,485 | |
Operating Income | 708 | | | 1,058 | | | (350) | | | 2,306 | | | 2,321 | | | (15) | |
Allowance for Equity Funds Used During Construction | 45 | | | 35 | | | 10 | | | 90 | | | 68 | | | 22 | |
Earnings (Loss) from Equity Method Investments | (40) | | | 30 | | | (70) | | | 5 | | | 72 | | | (67) | |
Interest Expense, Net of Amounts Capitalized | 450 | | | 444 | | | 6 | | | 901 | | | 900 | | | 1 | |
Impairment of Leveraged Leases | 7 | | | 154 | | | (147) | | | 7 | | | 154 | | | (147) | |
Other Income (Expense), net | 108 | | | 101 | | | 7 | | | 167 | | | 204 | | | (37) | |
Income Taxes (Benefit) | (12) | | | 5 | | | (17) | | | 178 | | | 150 | | | 28 | |
Net Income | 376 | | | 621 | | | (392) | | | 1,482 | | | 1,461 | | | (126) | |
Less: | | | | | | | | | | | |
Dividends on Preferred Stock of Subsidiaries | 4 | | | 4 | | | — | | | 7 | | | 7 | | | — | |
Net Income (Loss) Attributable to Noncontrolling Interests | — | | | 5 | | | (5) | | | (33) | | | (26) | | | (7) | |
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 372 | | | $ | 612 | | | $ | (240) | | | $ | 1,508 | | | $ | 1,480 | | | $ | 28 | |