EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT Ex. 99.05 - Consolidated Earnings Q4 2013


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
Three Months Ended December
 
Year-to-Date
December
 
 
2013
 
2012
 
Change
 
2013
 
2012
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,160

 
$
1,034

 
$
126

 
$
4,990

 
$
4,743

 
$
247

Non-Fuel
 
2,144

 
2,085

 
59

 
9,551

 
9,444

 
107

Wholesale Revenues
 
449

 
414

 
35

 
1,855

 
1,675

 
180

Other Electric Revenues
 
162

 
157

 
5

 
639

 
616

 
23

Non-regulated Operating Revenues
 
12

 
13

 
(1
)
 
52

 
59

 
(7
)
Total Revenues
 
3,927

 
3,703

 
224

 
17,087

 
16,537

 
550

Fuel and Purchased Power
 
1,388

 
1,239

 
149

 
5,971

 
5,601

 
370

Non-fuel O & M
 
1,008

 
974

 
34

 
3,857

 
3,791

 
66

MC Asset Recovery Insurance Settlement
 
(11
)
 
—

 
(11
)
 
(11
)
 
(19
)
 
8

Depreciation and Amortization
 
479

 
452

 
27

 
1,901

 
1,787

 
114

Taxes Other Than Income Taxes
 
224

 
224

 
—

 
934

 
914

 
20

Estimated Loss on Kemper IGCC
 
40

 
—

 
40

 
1,180

 
—

 
1,180

Total Operating Expenses
 
3,128

 
2,889

 
239

 
13,832

 
12,074

 
1,758

Operating Income
 
799

 
814

 
(15
)
 
3,255

 
4,463

 
(1,208
)
Allowance for Equity Funds Used During Construction
 
51

 
41

 
10

 
190

 
143

 
47

Leveraged Lease Income (Loss)
 
6

 
5

 
1

 
(5
)
 
21

 
(26
)
Interest Income
 
5

 
6

 
(1
)
 
19

 
40

 
(21
)
Interest Expense, Net of Amounts Capitalized
 
196

 
210

 
(14
)
 
824

 
859

 
(35
)
Other Income (Expense), net
 
(42
)
 
(21
)
 
(21
)
 
(76
)
 
(59
)
 
(17
)
Income Taxes
 
192

 
236

 
(44
)
 
849

 
1,334

 
(485
)
Net Income
 
431

 
399

 
32

 
1,710

 
2,415

 
(705
)
Dividends on Preferred and Preference Stock of Subsidiaries
 
17

 
16

 
1

 
66

 
65

 
1

NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK
 
$
414

 
$
383

 
$
31

 
$
1,644

 
$
2,350

 
$
(706
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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-K.