EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT Ex. 99.05 - Consolidated Earnings Q2 2013


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
Three Months Ended June
 
Year-to-Date June
 
 
2013
 
2012
 
Change
 
2013
 
2012
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,257

 
$
1,230

 
$
27

 
$
2,395

 
$
2,265

 
$
130

Non-Fuel
 
2,363

 
2,367

 
(4
)
 
4,523

 
4,424

 
99

Wholesale Revenues
 
454

 
415

 
39

 
886

 
764

 
122

Other Electric Revenues
 
156

 
154

 
2

 
311

 
302

 
9

Non-regulated Operating Revenues
 
16

 
15

 
1

 
28

 
30

 
(2
)
Total Revenues
 
4,246

 
4,181

 
65

 
8,143

 
7,785

 
358

Fuel and Purchased Power
 
1,501

 
1,440

 
61

 
2,858

 
2,645

 
213

Non-fuel O & M
 
947

 
944

 
3

 
1,921

 
1,911

 
10

MC Asset Recovery Insurance Settlement
 
—

 
(19
)
 
19

 
—

 
(19
)
 
19

Depreciation and Amortization
 
476

 
445

 
31

 
942

 
886

 
56

Taxes Other Than Income Taxes
 
232

 
228

 
4

 
467

 
453

 
14

Estimated Loss on Kemper IGCC
 
450

 
—

 
450

 
990

 
—

 
990

Total Operating Expenses
 
3,606

 
3,038

 
568

 
7,178

 
5,876

 
1,302

Operating Income
 
640

 
1,143

 
(503
)
 
965

 
1,909

 
(944
)
Allowance for Equity Funds Used During Construction
 
45

 
32

 
13

 
86

 
63

 
23

Leveraged Lease Income (Loss)
 
5

 
5

 
—

 
(16
)
 
11

 
(27
)
Interest Expense, Net of Amounts Capitalized
 
215

 
220

 
(5
)
 
426

 
431

 
(5
)
Other Income (Expense), net
 
(4
)
 
8

 
(12
)
 
(10
)
 
—

 
(10
)
Income Taxes
 
158

 
329

 
(171
)
 
189

 
529

 
(340
)
Net Income
 
313

 
639

 
(326
)
 
410

 
1,023

 
(613
)
Dividends on Preferred and Preference Stock of Subsidiaries
 
16

 
16

 
—

 
32

 
32

 
—

NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK
 
$
297

 
$
623

 
$
(326
)
 
$
378

 
$
991

 
$
(613
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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.