EX-99.07 8 ex99-07.htm ex99-07.htm
Exhibit 99.07
Southern Company
Financial Overview
(In Millions of Dollars)
 
 
 Three Months Ended June
 
 Year-to-Date June
                               
   
2010
   
2009
 
      % Change
 
2010
   
2009
 
% Change
                               
Consolidated –
                             
Operating Revenues
$
4,207
 
 $
3,885
 
8.3%
 
$
8,365
 
 $
7,551
 
10.8%
Earnings Before Income Taxes
 
774
   
720
 
7.4%
   
1,520
   
1,029
 
47.7%
Net Income Available to Common
 
510
   
478
 
6.6%
   
1,005
   
604
 
66.2%
                               
Alabama Power –
                             
Operating Revenues
$
1,462
 
 $
1,366
 
7.0%
 
$
2,957
 
 $
2,706
 
9.3%
Earnings Before Income Taxes
 
319
   
292
 
9.3%
   
653
   
533
 
22.7%
Net Income Available to Common
 
190
   
177
 
7.7%
   
393
   
323
 
21.7%
                               
Georgia Power –
                             
Operating Revenues
$
2,000
 
 $
1,874
 
6.7%
 
$
3,984
 
 $
3,640
 
9.4%
Earnings Before Income Taxes
 
358
   
294
 
22.0%
   
694
   
483
 
43.7%
Net Income Available to Common
 
238
   
190
 
25.5%
   
476
   
312
 
52.6%
                               
Gulf Power –
                             
Operating Revenues
$
403
 
 $
341
 
18.2%
 
$
760
 
 $
625
 
21.5%
Earnings Before Income Taxes
 
53
   
49
 
7.2%
   
95
   
75
 
26.6%
Net Income Available to Common
 
32
   
32
 
0.1%
   
58
   
49
 
18.0%
                               
Mississippi Power –
                             
Operating Revenues
$
277
 
 $
286
 
-3.4%
 
$
560
 
 $
555
 
0.9%
Earnings Before Income Taxes
 
25
   
36
 
-31.1%
   
50
   
65
 
-22.6%
Net Income Available to Common
 
15
   
22
 
-30.6%
   
30
   
40
 
-23.6%
                               
Southern Power –
                             
Operating Revenues
$
248
 
 $
230
 
7.8%
 
$
505
 
 $
462
 
9.3%
Earnings Before Income Taxes
 
39
   
52
 
-23.6%
   
64
   
97
 
-34.2%
Net Income Available to Common
 
30
   
31
 
-4.3%
   
45
   
59
 
-24.5%
 
                               
Notes
 
                             
- 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.