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Condensed Consolidated Statements of Income (Unaudited) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues:        
Retail revenues $ 3,597,000,000 $ 3,842,000,000 $ 6,689,000,000 $ 7,238,000,000
Wholesale revenues 415,000,000 507,000,000 764,000,000 956,000,000
Other electric revenues 154,000,000 154,000,000 302,000,000 303,000,000
Other revenues 15,000,000 18,000,000 30,000,000 36,000,000
Total operating revenues 4,181,000,000 4,521,000,000 7,785,000,000 8,533,000,000
Operating Expenses:        
Fuel 1,290,000,000 1,673,000,000 2,354,000,000 3,149,000,000
Purchased power 150,000,000 145,000,000 291,000,000 245,000,000
Other operations and maintenance 944,000,000 910,000,000 1,911,000,000 1,854,000,000
MC Asset Recovery insurance settlement (19,000,000)   (19,000,000)  
Depreciation and amortization 445,000,000 430,000,000 886,000,000 848,000,000
Taxes other than income taxes 228,000,000 227,000,000 453,000,000 447,000,000
Total operating expenses 3,038,000,000 3,385,000,000 5,876,000,000 6,543,000,000
Operating Income 1,143,000,000 1,136,000,000 1,909,000,000 1,990,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 32,000,000 36,000,000 63,000,000 71,000,000
Interest expense, net of amounts capitalized (220,000,000) (199,000,000) (431,000,000) (421,000,000)
Other income (expense), net 13,000,000 (4,000,000) 11,000,000 (2,000,000)
Total other income and (expense) (175,000,000) (167,000,000) (357,000,000) (352,000,000)
Earnings Before Income Taxes 968,000,000 969,000,000 1,552,000,000 1,638,000,000
Income taxes 329,000,000 349,000,000 529,000,000 580,000,000
Consolidated Net Income 639,000,000 620,000,000 1,023,000,000 1,058,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 16,000,000 16,000,000 32,000,000 32,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 623,000,000 604,000,000 991,000,000 1,026,000,000
Earnings per share (EPS) -        
Basic EPS $ 0.71 $ 0.71 $ 1.14 $ 1.20
Diluted EPS $ 0.71 $ 0.70 $ 1.13 $ 1.20
Average number of shares of common stock outstanding (in millions)        
Basic 872 855 870 851
Diluted 880 862 879 858
Cash dividends paid per share of common stock $ 0.4900 $ 0.4725 $ 0.9625 $ 0.9275
Alabama Power [Member]
       
Operating Revenues:        
Retail revenues 1,254,000,000 1,244,000,000 2,346,000,000 2,370,000,000
Wholesale revenues, non-affiliates 70,000,000 70,000,000 131,000,000 138,000,000
Wholesale revenues, affiliates 6,000,000 75,000,000 20,000,000 150,000,000
Other revenues 47,000,000 51,000,000 96,000,000 102,000,000
Total operating revenues 1,377,000,000 1,440,000,000 2,593,000,000 2,760,000,000
Operating Expenses:        
Fuel 343,000,000 428,000,000 649,000,000 823,000,000
Purchased power, non-affiliates 17,000,000 17,000,000 32,000,000 28,000,000
Purchased power, affiliates 66,000,000 57,000,000 106,000,000 103,000,000
Other operations and maintenance 316,000,000 290,000,000 637,000,000 587,000,000
Depreciation and amortization 160,000,000 159,000,000 317,000,000 316,000,000
Taxes other than income taxes 85,000,000 85,000,000 171,000,000 170,000,000
Total operating expenses 987,000,000 1,036,000,000 1,912,000,000 2,027,000,000
Operating Income 390,000,000 404,000,000 681,000,000 733,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 4,000,000 6,000,000 9,000,000 11,000,000
Interest income 4,000,000 5,000,000 8,000,000 9,000,000
Interest expense, net of amounts capitalized (73,000,000) (77,000,000) (146,000,000) (151,000,000)
Other income (expense), net (4,000,000) (7,000,000) (11,000,000) (13,000,000)
Total other income and (expense) (69,000,000) (73,000,000) (140,000,000) (144,000,000)
Earnings Before Income Taxes 321,000,000 331,000,000 541,000,000 589,000,000
Income taxes 126,000,000 131,000,000 210,000,000 227,000,000
Consolidated Net Income 195,000,000 200,000,000 331,000,000 362,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 10,000,000 10,000,000 20,000,000 20,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 185,000,000 190,000,000 311,000,000 342,000,000
Georgia Power [Member]
       
Operating Revenues:        
Retail revenues 1,857,000,000 2,070,000,000 3,451,000,000 3,885,000,000
Wholesale revenues, non-affiliates 75,000,000 97,000,000 141,000,000 180,000,000
Wholesale revenues, affiliates 6,000,000 16,000,000 9,000,000 27,000,000
Other revenues 82,000,000 82,000,000 164,000,000 162,000,000
Total operating revenues 2,020,000,000 2,265,000,000 3,765,000,000 4,254,000,000
Operating Expenses:        
Fuel 572,000,000 784,000,000 1,012,000,000 1,461,000,000
Purchased power, non-affiliates 94,000,000 96,000,000 187,000,000 170,000,000
Purchased power, affiliates 129,000,000 157,000,000 288,000,000 320,000,000
Other operations and maintenance 411,000,000 419,000,000 845,000,000 841,000,000
Depreciation and amortization 185,000,000 178,000,000 373,000,000 351,000,000
Taxes other than income taxes 94,000,000 94,000,000 181,000,000 181,000,000
Total operating expenses 1,485,000,000 1,728,000,000 2,886,000,000 3,324,000,000
Operating Income 535,000,000 537,000,000 879,000,000 930,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 13,000,000 22,000,000 26,000,000 47,000,000
Interest expense, net of amounts capitalized (90,000,000) (71,000,000) (181,000,000) (167,000,000)
Other income (expense), net (6,000,000) (5,000,000) (9,000,000) (6,000,000)
Total other income and (expense) (83,000,000) (54,000,000) (164,000,000) (126,000,000)
Earnings Before Income Taxes 452,000,000 483,000,000 715,000,000 804,000,000
Income taxes 152,000,000 169,000,000 244,000,000 280,000,000
Consolidated Net Income 300,000,000 314,000,000 471,000,000 524,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 5,000,000 5,000,000 9,000,000 9,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 295,000,000 309,000,000 462,000,000 515,000,000
Gulf Power [Member]
       
Operating Revenues:        
Retail revenues 294,878,000 320,474,000 533,398,000 595,300,000
Wholesale revenues, non-affiliates 28,729,000 38,874,000 55,847,000 69,893,000
Wholesale revenues, affiliates 28,702,000 22,857,000 65,066,000 26,992,000
Other revenues 17,899,000 17,060,000 32,142,000 31,688,000
Total operating revenues 370,208,000 399,265,000 686,453,000 723,873,000
Operating Expenses:        
Fuel 141,220,000 178,686,000 262,308,000 310,468,000
Purchased power, non-affiliates 12,085,000 10,889,000 23,310,000 17,892,000
Purchased power, affiliates 5,210,000 12,549,000 7,723,000 29,167,000
Other operations and maintenance 79,779,000 72,583,000 155,009,000 153,092,000
Depreciation and amortization 35,173,000 32,304,000 68,480,000 64,060,000
Taxes other than income taxes 25,276,000 24,867,000 49,060,000 49,763,000
Total operating expenses 298,743,000 331,878,000 565,890,000 624,442,000
Operating Income 71,465,000 67,387,000 120,563,000 99,431,000
Other Income and (Expense):        
Allowance for equity funds used during construction 1,736,000 2,522,000 2,973,000 4,657,000
Interest income 1,809,000 20,000 1,396,000 34,000
Interest expense, net of amounts capitalized (15,698,000) (14,423,000) (31,066,000) (28,052,000)
Other income (expense), net (697,000) (447,000) (1,293,000) (1,010,000)
Total other income and (expense) (12,850,000) (12,328,000) (27,990,000) (24,371,000)
Earnings Before Income Taxes 58,615,000 55,059,000 92,573,000 75,060,000
Income taxes 22,102,000 20,157,000 33,843,000 26,916,000
Consolidated Net Income 36,513,000 34,902,000 58,730,000 48,144,000
Dividends on Preferred and Preference Stock of Subsidiaries 1,550,000 1,550,000 3,101,000 3,101,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 34,963,000 33,352,000 55,629,000 45,043,000
Mississippi Power [Member]
       
Operating Revenues:        
Retail revenues 192,177,000 207,005,000 358,448,000 387,479,000
Wholesale revenues, non-affiliates 64,116,000 67,813,000 118,347,000 137,664,000
Wholesale revenues, affiliates 5,324,000 6,303,000 9,364,000 15,603,000
Other revenues 4,467,000 4,920,000 8,639,000 8,571,000
Total operating revenues 266,084,000 286,041,000 494,798,000 549,317,000
Operating Expenses:        
Fuel 105,469,000 123,674,000 194,088,000 244,728,000
Purchased power, non-affiliates 1,134,000 1,336,000 3,077,000 2,346,000
Purchased power, affiliates 10,843,000 19,867,000 19,703,000 28,217,000
Other operations and maintenance 60,501,000 64,512,000 115,396,000 134,879,000
Depreciation and amortization 22,517,000 20,345,000 44,998,000 40,208,000
Taxes other than income taxes 18,634,000 17,251,000 40,337,000 34,732,000
Total operating expenses 219,098,000 246,985,000 417,599,000 485,110,000
Operating Income 46,986,000 39,056,000 77,199,000 64,207,000
Other Income and (Expense):        
Allowance for equity funds used during construction 13,870,000 4,991,000 25,697,000 8,122,000
Interest income 380,000 401,000 500,000 743,000
Interest expense, net of amounts capitalized (13,023,000) (5,532,000) (20,828,000) (11,545,000)
Other income (expense), net (539,000) (613,000) (781,000) (1,016,000)
Total other income and (expense) 688,000 (753,000) 4,588,000 (3,696,000)
Earnings Before Income Taxes 47,674,000 38,303,000 81,787,000 60,511,000
Income taxes 12,214,000 12,587,000 20,639,000 19,745,000
Consolidated Net Income 35,460,000 25,716,000 61,148,000 40,766,000
Dividends on Preferred and Preference Stock of Subsidiaries 433,000 433,000 866,000 866,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 35,027,000 25,283,000 60,282,000 39,900,000
Southern Power [Member]
       
Operating Revenues:        
Wholesale revenues, non-affiliates 177,865,000 232,960,000 318,422,000 430,126,000
Wholesale revenues, affiliates 105,950,000 70,569,000 217,738,000 153,843,000
Other revenues 1,990,000 1,680,000 3,326,000 3,027,000
Total operating revenues 285,805,000 305,209,000 539,486,000 586,996,000
Operating Expenses:        
Fuel 91,551,000 101,158,000 180,629,000 203,873,000
Purchased power, non-affiliates 22,514,000 19,664,000 43,164,000 28,606,000
Purchased power, affiliates 2,914,000 22,178,000 5,254,000 37,277,000
Other operations and maintenance 40,205,000 40,047,000 88,594,000 82,801,000
Depreciation and amortization 34,016,000 30,805,000 65,929,000 60,972,000
Taxes other than income taxes 4,567,000 4,565,000 9,535,000 9,328,000
Total operating expenses 195,767,000 218,417,000 393,105,000 422,857,000
Operating Income 90,038,000 86,792,000 146,381,000 164,139,000
Other Income and (Expense):        
Interest expense, net of amounts capitalized (13,949,000) (17,774,000) (27,591,000) (36,603,000)
Other income (expense), net (194,000) (260,000) (164,000) (201,000)
Total other income and (expense) (14,143,000) (18,034,000) (27,755,000) (36,804,000)
Earnings Before Income Taxes 75,895,000 68,758,000 118,626,000 127,335,000
Income taxes 29,293,000 24,157,000 42,708,000 44,991,000
Consolidated Net Income $ 46,602,000 $ 44,601,000 $ 75,918,000 $ 82,344,000