EX-99.07 8 ex9907-financialoverviewq1.htm EXHIBIT Ex. 99.07 - Financial Overview Q1 2013


Exhibit 99.07
 
Southern Company
Financial Overview
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
Three Months Ended March
 
 
2013
 
2012
 
% Change
Consolidated –
 
 
 
 
 
 
Operating Revenues
 
$
3,897

 
$
3,604

 
8.1
 %
Earnings Before Income Taxes
 
128

 
584

 
(78.1
)%
Net Income Available to Common
 
81

 
368

 
(78.0
)%
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
Operating Revenues
 
$
1,308

 
$
1,216

 
7.6
 %
Earnings Before Income Taxes
 
248

 
220

 
12.7
 %
Net Income Available to Common
 
141

 
126

 
11.9
 %
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
Operating Revenues
 
$
1,882

 
$
1,745

 
7.9
 %
Earnings Before Income Taxes
 
325

 
263

 
23.6
 %
Net Income Available to Common
 
197

 
167

 
18.0
 %
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
Operating Revenues
 
$
326

 
$
316

 
3.2
 %
Earnings Before Income Taxes
 
37

 
34

 
10.2
 %
Net Income Available to Common
 
22

 
21

 
5.4
 %
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
Operating Revenues
 
$
246

 
$
229

 
7.5
 %
Earnings Before Income Taxes
 
(493
)
 
34

 
N/M

Net Income Available to Common
 
(294
)
 
25

 
N/M

 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
Operating Revenues
 
$
303

 
$
254

 
19.4
 %
Earnings Before Income Taxes
 
44

 
43

 
3.0
 %
Net Income Available to Common
 
29

 
29

 
(0.4
)%
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
- Certain prior year data has 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.